Bank of Canada
3.7 of 5 14 reviews Ottawa, Canada 1000 to 5000 Employees

14 Employee Reviews (View Most Recent)

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1 person found this helpful  

Very good for learning and that's it

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

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

    Pros: Knowledgeable people, lots of training opportunities Cons: More pressure and ad hoc demands than an average workplace More
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    2 people found this helpful  

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

    Anonymous Employee (Former Employee)
    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… 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… Advice to Senior Management: The Bank's culture is very conservative, change resistant and political. Start rewarding innovation, and critical thinking;… More
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