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
75 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

188 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great culture, long growth curve

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    The office culture is great with a lot of initiatives to keep you engaged

    Cons

    salary
    growth in career is a bit slow

    Advice to ManagementAdvice

    Need more than yearly PDP's to mentor staff

    Recommends
  2.  

    Great opportunity for customer service experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Services Representative in Saint Marys, ON (Canada)
    Current Employee - Customer Services Representative in Saint Marys, ON (Canada)

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

    Pros

    There seems to be a lot of room for professional growth.

    Cons

    the incentives to sell products was not enough to inspire sales.

    Advice to ManagementAdvice

    better incentives, rewards could be more straight forward to get better sales per employee.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great Place to work ... if you find the right manager

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

    I worked at Scotiabank full-time

    Pros

    + Great work life balance
    + Friendly, helpful colleagues
    + Appreciated for your work and input

    Cons

    - Low compensation (low base, bonus, benefits) and low compensation increase
    - Little opportunity for advancement
    - Even if you obtain more certifications or education, it doesn't move you up

    Advice to ManagementAdvice

    Work on compensation packages to retain top talent

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Very good training program

    • 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 full-time (less than an year)

    Pros

    Started at bank earlier this year and have found the training staff and in branch coaches to be greatly supportive and helpful. Good corporate culture from what I understand, and very likely to promote from within

    Cons

    Their central operating system could stand to be updated. There are some process that take a lot longer than they need to. Some office politics but nothing unlike other work places

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Overall Satisfying

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

    I worked at Scotiabank full-time (more than 3 years)

    Pros

    Depending on your manager, there are opportunities for development of skills, obtaining certifications, mentoring etc. Many of the departments had really great people that you could work with. Like any organization, there will always be slackers who can be counter productive, but in this organisation they can be managed.

    Cons

    Depending on the manager, there may be issues with work-life balance; (At times I worked over 80 hrs a week for months; definitely burnt out.) But then the same manager spent the next years trying to make work comfortable and gave me a lot of slack.

    Advice to ManagementAdvice

    Need to have a better understanding of what is happening on the front lines. More fireside chats would help, and ensure they are mandatory and confidential.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Overall a good experience

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

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

    Pros

    Managers who do take an interest in your development, including getting feedback and skills development.

    Cons

    Turnover and politics, people more interested in doing nothing rather than their jobs.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Good place to work...

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

    I have been working at Scotiabank as a contractor (more than an year)

    Pros

    Being an international organization, there are many opportunities' to learn and grow. People are very respectful and kind. I found support in many places and people who gave me hand even when the project did not impact them directly. That says something about the motto.

    Cons

    Big company, change can be slow...

    Advice to ManagementAdvice

    There are many opportunities in the documentation.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Analyst

    • 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 (more than an year)

    Pros

    Good working environment, work life balance

    Cons

    It is hard to realize career goal.

    Advice to ManagementAdvice

    No personal growth.

    Recommends
    Negative Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Good experience to learn something new in a big bank

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

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

    Pros

    You may get used to the culture of the big bank with some good training courses.

    Cons

    You may get difficult to internal transfer with the good opportunity if you just get promoted in one or two years. Then you see the opportunity was gone in front of you.

    No opinion of CEO
  11.  

    plesant atmosphere

    • 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 (more than an year)

    Pros

    - Great work/life balance
    - Nice work atmosphere
    - great people to work with

    Cons

    - health benefit is terrible

    Recommends
    Positive Outlook
    No opinion of CEO

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