Scotiabank Reviews

Updated October 8, 2014
Updated October 8, 2014
531 Reviews
3.5
531 Reviews
Rating Trends

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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
76 Ratings

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks (in 78 reviews)

  • A good work environment to develop ones skills and experience (in 27 reviews)


Cons
  • Was recruited with a promise of improved work life balance - this hasn't materialized (in 6 reviews)

  • Some office politics but nothing unlike other work places (in 9 reviews)

More Highlights

187 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Good, steady work. Heavy workload for FAs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor
    Current Employee - Financial Advisor

    I have been working at Scotiabank (more than 3 years)

    Pros

    Good benefits, and share ownership program.

    Cons

    Workload, technological infrastructure very dated, slow and frustrating.

    Advice to ManagementAdvice

    Invest in technological infrastructure to bring useful tools, and system stability to branches.

    No opinion of CEO
  2.  

    Wonderful

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Manager Human Resources in Christiansted, VI
    Former Employee - Assistant Manager Human Resources in Christiansted, VI

    I worked at Scotiabank full-time (more than 10 years)

    Pros

    Team Oriented, successful, integrity, Training and Development, and more.

    Cons

    Not competitive enough to help employees drive successful sales results.

    Advice to ManagementAdvice

    Be more competitive. It will help to drive great sales results. Employees will be more motivated to reach out for the business.

    Recommends
    Approves of CEO
  3.  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank full-time (more than 8 years)

    Pros

    Career advancement , committment to employees, team approach to work and work/life balance

    Cons

    Technolgy systems are old. Long hours

    Advice to ManagementAdvice

    Investment in technology to enhance your employee work product and efficiencies.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Excellent work life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY

    I have been working at Scotiabank

    Pros

    Excellent work life balance, Excellent benefits and reasonable hours

    Cons

    Very limited US growth, lower salaries compared to competitors

    Recommends
  6.  

    Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY

    I have been working at Scotiabank

    Pros

    Excellent Benefits Excellent Benefits Excellent Benefits

    Cons

    Lower salary than the competition

    Advice to ManagementAdvice

    Raise salary!

    Recommends
    No opinion of CEO
  7.  

    Good, solid bank with pleasant atmosphere.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Scotiabank

    Pros

    The company is in good shape at a time when the financial sector as a whole is in chaos. Offices and branches around the world mean opportunities for working abroad. There is an atmosphere if healthy competition, without much of the eat-rocks-and-crap-fire, alpha-dog stuff you might find elsewhere.

    Cons

    A fair amount of second-guessing; lots of paperwork; some of the same territoriality you will find in any big organization. Office location next to WTC site will be a downer for some (at least until something is finally built there).

    Advice to ManagementAdvice

    Keep being cautious about risk and capital ratios. Maybe cut back a little on the strategic missives couched in wordy corporatese. When I read these, I'm not convinced that the thinking behind them is entirely clear.

    Recommends
    No opinion of CEO
  8.  

    Great company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resources Professional in Toronto, ON (Canada)
    Former Employee - Human Resources Professional in Toronto, ON (Canada)

    I worked at Scotiabank full-time (more than an year)

    Pros

    advancement opportunities, good leadership, fun working environment, great team work

    Cons

    work life balance, downtown commute no enjoyable

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Great life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank full-time

    Pros

    Great people, solid business model

    Cons

    Low pay relative to the comp

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 1 person found this helpful  

    So far so good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - GRM Associate in Toronto, ON (Canada)
    Current Employee - GRM Associate in Toronto, ON (Canada)

    I have been working at Scotiabank full-time (less than an year)

    Pros

    Good work life balance, big and growing company

    Cons

    Very hierarchical, lots of politics involved with promotions

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Architect

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank full-time (more than 8 years)

    Pros

    Good Work-life balance, good benefits

    Cons

    Promotions, old school office culture its a bank

    Recommends
    Neutral Outlook
    Approves of CEO

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