Scotiabank Reviews

Updated August 28, 2014
Updated August 28, 2014
511 Reviews
3.5
511 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
65 Ratings

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks (in 66 reviews)

  • Relax work environment, great people and a stable company (in 22 reviews)


Cons
  • The pay is not competitive and there aren't full time positions on the teller line, even few part time (in 8 reviews)

  • Low salary; if you pay peanuts you get monkeys (in 8 reviews)

More Highlights

81 Employee Reviews Back to all reviews

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

    Great place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    I enjoyed working at scotia bank, they have a strong sense of community and family. Did not feel like work at all when i was there.

    Cons

    because it is a big company it will take some time to climb the ladder, so you have to be patient and have a clear direction as to where you want to go in the company.

  2.  

    Stable employment, balanced career advancement and life

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

    I have been working at Scotiabank full-time for more than 5 years

    Pros

    No high stress typical in other wall street banks.
    management recognizes personal contributions.
    Stable employment, from prudent hiring and no-waste cost management.

    Cons

    Dated IT systems.
    Risk control is too stringent to grow business.

    Advice to ManagementAdvice

    Invest in profit generating infrastructures.

    Recommends
    Neutral Outlook
  3.  

    Great place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    Work/life balance. Great hours and support from management

    Cons

    Lower pay scales than other banks

    Recommends
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  5.  

    good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative  in  Calgary, AB (Canada)
    Current Employee - Customer Service Representative in Calgary, AB (Canada)

    I have been working at Scotiabank part-time for less than a year

    Pros

    nice co workers , promoted quickly

    Cons

    low wage few hours you have to get luck to get into good branch

    Recommends
    Approves of CEO
  6.  

    Great place to grow

    • 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

    Pros

    Culture and co-workers are awesome, managers are great. Very supportive in helping you achieve your career goals. Also I like their community involvement.

    Cons

    Pay leaves a lot to be desired. But that is the business world and if I ran my own business, I would consider this strategy myself. No sense in complaining just find a better paying job. Can also be a tad frustrating to apply through HR but I assume this is an issue at every company. Just have to go out and meet the decision makers yourself.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Good and secure place to work.

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

    I have been working at Scotiabank full-time for more than 10 years

    Pros

    Lot's of opportunity to learn from courses and colleagues and have new work experiences. Good ideas well expressed are very welcome.

    Cons

    Lot's of red tape - as per any large organization; slow to make decisions; politics abound.

    Advice to ManagementAdvice

    Leaders need to give priority to leading their teams and treating people with respect, too many political players in the leadership.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Nice for new commers

    • 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

    Pros

    Nice opportunities for new commers with Financial experience en Latin America

    Cons

    Just starting a new challenge!

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Excellent place to work

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

    I worked at Scotiabank full-time for more than 5 years

    Pros

    Entrepreneurial culture, great training program, fantastic advancement opportunity.

    Cons

    None that I can think of.

    Advice to ManagementAdvice

    None that I can think of.

    Recommends
    Neutral Outlook
  10.  

    Amazing Company to work for!

    • 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 for more than 10 years

    Pros

    The collaborative relationships; the community involvement; the commitment to employee growth.

    Cons

    none that I can think of.

    Advice to ManagementAdvice

    Continue to nurture the talent within Scotiabank.

    Recommends
    Approves of CEO
  11.  

    Excellent place to work!

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

    I have been working at Scotiabank full-time for more than 10 years

    Pros

    There are a large number of long-tenured employees which speaks volumes about how employees feel about this company. Strong values, and employees are treated with respect. There are many opportunities and due to the global reach of the company, employees can literally have numerous careers while being in the same company. The culture of Scotiabank is truly what sets it apart from the other FIs in Canada and has led to very strong employee commitment.

    Cons

    Like any large company, it can be difficult to navigate your way through the relationships between areas and departments. Decision making can take longer than expected due to the complexity of the structure, which can be frustrating.

    Recommends
    Positive Outlook
    Approves of CEO

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