Bank of Canada
3.8 of 5 12 reviews
www.bankofcanada.ca Ottawa, Canada 1000 to 5000 Employees

Bank of Canada Reviews

Updated Nov 7, 2013

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3.8 12 reviews

                             
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Good if you're not so in to the teamwork thing.

Anonymous Employee (Current Employee)

I have been working at Bank of Canada

ProsImportant work, exciting times. Very friendly people. Nice city. Building is being upgraded. Great internal mobility.

ConsThe organization can be bureaucratic and slow moving, and there is a very individualistic culture.

Yes, I would recommend this company to a friend

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Excellent place where to start a career

Research Assistant (Former Employee)
Ottawa, ON (Canada)

I worked at Bank of Canada full-time

ProsLots of interaction with senior management. Constant opportunities to learn from some pretty brilliant people, both inside the Bank and visiting scholars. Chance to get involved in meaningful work. Welcoming environment for independent initiative.

ConsAlmost no chance for internal promotion. Nature of work can be very repetitive such that there is little value to staying on as an RA beyond a year.

Advice to Senior ManagementConsider sponsoring MAs for promising RAs.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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RA at BoC - Great learning experience

Research Assistant (Current Employee)
Ottawa, ON (Canada)

I have been working at Bank of Canada full-time

ProsGreat learning experience, chance to work on cool projects.
Lots of face time with senior members
Exposure to research and modelling
Lots of independence given

ConsWork is not actionable to not motivating
Spend all your time working on research that is read a few times and then filed away
No advancement without Masters

Yes, I would recommend this company to a friend

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not too bad but can be a much better place

Anonymous Employee (Former Employee)
Ottawa, ON (Canada)

I worked at Bank of Canada full-time

Prosyou will find your niche, at least I did....

Cons1) The clear division between policy oriented staff and academic oriented staff.
2) No meritocracy for the most part. If you have more credentials then you have a higher position.
3) Managers do not understand that more education/credentials can't replace hard earned real world experience.
4) Similar to #3, managers do not know that application projects are vastly different from academic projects and that the PhD crowd often do not have the proper skill set to lead an applications project.

Advice to Senior Managementthe skills set that are truly useful for the bank at current is undervalued while the skills set management thinks we ought to have more of is overvalued.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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good place as a starting point of career

Research Assistant (Current Employee)
Ottawa, ON (Canada)

I have been working at Bank of Canada as a contractor for less than a year

Prospeople are nice and all working hard

ConsUnexpected long hours sometimes. Cyclical

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Enjoy my job

Anonymous Employee (Current Employee)

I have been working at Bank of Canada full-time

ProsGreat training program and ongoing learning

ConsNothing negative that I have seen

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great experience

Anonymous Employee (Former Employee)

I worked at Bank of Canada full-time for more than 5 years

ProsExcellent co-workers, excellent work-life balance, best office building in Ottawa.

ConsCulture is risk adverse but not necessarily risk aware.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great place to work

Anonymous Employee (Current Employee)

I have been working at Bank of Canada

ProsGreat work life balance at the Bank. Work can be tough, but you have a life outside work

ConsFeast or famine work cycle

Advice to Senior ManagementSpend more time training those below you. Keep up the good work

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Very good for learning and that's it

Senior Analyst (Current Employee)
Ottawa, ON (Canada)

I have been working at Bank of Canada full-time for more than 5 years

ProsGreat place to work, learn and contribute with other departments. The greatest asset is the analysts.

Great place for economists but not the other professionals
Great benefits (only thing it has really)

ConsSome departments (read management) do not follow the policies of the bank. For example: If you work in Operations chances are that they will not allow you to have training or pay courses for your development although in the Bank policy. This is particular to specific management not all.

There is discrimination against visible minorities. Although not told, it is obvious
There is no meritocracy
underpaid across the board
New management poorly qualified.
One of the Chiefs has only a CFA and poor Canadian Market experience. Yes that happens at the Bank of Canada due to politics.
Very few good managers.

Advice to Senior ManagementThe new management that took place within the past 5 years are very poor. They are not qualified and they do not add value. All in All the Bank of Canada became a worse place to work for and young people should look somewhere else. Unless you are looking for make a good retirement then yes you should work there

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Good place

Anonymous Employee (Current Employee)
Ottawa, ON (Canada)

I have been working at Bank of Canada for less than a year

ProsKnowledgeable people, lots of training opportunities

ConsMore pressure and ad hoc demands than an average workplace

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