There are newer employer reviews for Bank of Canada

 

Good place

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

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

Pros

Knowledgeable people, lots of training opportunities

Cons

More pressure and ad hoc demands than an average workplace

15 Other Employee Reviews for Bank of Canada (View Most Recent)

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  1. 2 people found this helpful  

    Started with high hopes for an interesting job; work environment is declining, stress levels are rising.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Ottawa, ON (Canada)
    Former Employee - Anonymous Employee in Ottawa, ON (Canada)

    I worked at Bank of Canada

    Pros

    Highly respected institution, good number of well-educated, knowledgeable people, very good benefits and decent salary levels. Opportunity to work on interesting projects, good possibility for advancement for young talented economists.

    Cons

    There are two Banks - economic departments and corporate services. Thanks to the directive to execute savings, the latter is being "squeezed" to save the economists jobs. Work-life balance advertised by the Bank no longer exists in both parts of the Bank. In corporate services there is poor communication and cooperation between departments, high stress level due to overwork (many people on stress leave), high resistance to change and very convoluted and time/labour consuming processes. Since the economic departments have more corporate clout, the situation may be better there.

    Advice to ManagementAdvice

    The Bank's culture is very conservative, change resistant and political. Start rewarding innovation, and critical thinking; stop rewarding "yes" people, promote an open dialogue. Stop keeping good employees on term positions for years!

  2.  

    Depends where; If you are an economist the life balance is good otherwise nope

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

    I have been working at Bank of Canada

    Pros

    Benefits is ok compared to other crown corporations and Pension Plan is one of the best in Canada. Hard to beat.

    Cons

    If you work in a job that requires you to provide support after business hours then the bank is not the right place. Pay does not follow the market (the bank is always falling behind); Also there are bunch of nice policies for career development but it does not work for the entire Bank. Only few who have the job style would benefit from those policies.

    Advice to ManagementAdvice

    Leave the Bank; Learn to become a real manager and then return. Also try to learn the business. Make decisions in things you don't know expose the Bank.

    Doesn't Recommend
    No opinion of CEO
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