Scotiabank

  www.scotiabank.com
  www.scotiabank.com
There are newer employer reviews for Scotiabank

1 person found this helpful  

Overworked, Underpaid, Incompetent Management and No training

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

I have been working at Scotiabank

Pros

If you happen to get a good boss, you will have a decent work life balance.
Lots of opportunities to move around. However, your previous experience matters.
Benefits are similar to what the other banks offer.
Good place to start your career as a new grad or new immigrant.

Cons

Scotiabank employees get paid the lowest when compared to the pay in other 4 big banks
Employees are severely underpaid and overly worked
Management is made of people who have risen up the ranks based on experience
Systems are outdated
No training is offered
New hires from other organizations get paid more than the existing employees
No one is ready to take responsibility of issues. It is always the case of passing the buck.

Advice to ManagementAdvice

Please pay your employees well.
Offer training.
Get more qualified people.

Doesn't Recommend
Disapproves of CEO

564 Other Employee Reviews for Scotiabank (View Most Recent)

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  1. 1 person found this helpful  

    Poor salary even for a students and new grads. No opportunity for career growth.

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

    I have been working at Scotiabank

    Pros

    Big respectful company (that could be a plus i guess)
    Stable environment.
    Pays for courses related to your work duries.

    Cons

    The pay is below standard
    Too much bureaucracy to change from contract to full-time, if even when their rules state that after 5 years on contracts you are automatically become full-time.
    Very uptight and hierarchy structured

    Advice to ManagementAdvice

    Cut the bureaucracy down, reward employees competitively, stay current on technological side and inspire emplooyees to work for you and be proud about it.

    Doesn't Recommend
    No opinion of CEO
  2.  

    "Great Benefits, Work Balance, Promotions only to a certain level"

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Sales
    Current Employee - Sales

    I have been working at Scotiabank

    Pros

    Good job stability, Good benefits, Stock option is a huge plus. These are the 3 pros that keep me from looking elsewhere. Hours are standard. Lots of community involvement and peer socializing.

    Cons

    Pay and bonus not as high as other banks and are only given on an annual basis. Recognition is there but weak. Totals are equal everywhere but can be harder to attain in certain areas. Promotion to different areas of the company can be political. Career plans aren't whats best for employee only whats best for management (meaning unless your aspiration meets what they want don't expect moving for awhile). To get promoted to better areas in the company you must leave and come back. Question is would you come back?

    Advice to ManagementAdvice

    Make career development plans more detailed and actually help employees move up and promote within. Allow employees to apply for positions and lower min. time on post.

    Approves of CEO
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