Scotiabank

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

3 people found this helpful  

Horrible Experience

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

I worked at Scotiabank

Pros

Job stability - Only bank that didn't lay off employees during recent downturn. The organization does have alot of long term and very committed employees.

Cons

Not a dynamic organization. If your bright and show initiative you will not fit in here. All decisions are made at the very top levels and the other 99% of employees are expected to be mediocre, yes men. The organization is very hierarchical and clique. Only the "chosen" few get career opportunities, and merit seems to actually work against you when it comes to career opportunities. The "chosen" seem to regularly move to areas of the business that they have zero knowledge, which can be very frustrating for people working under the "chosen". Company is embarrassingly cheap. Has the shabbiest, most dated decor and salaries are much lower than any of the other major banks.

Doesn't Recommend
Disapproves of CEO

564 Other Employee Reviews for Scotiabank (View Most Recent)

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  1. 2 people found this helpful  

    below market pay

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

    I worked at Scotiabank

    Pros

    work life balance, good work environment

    Cons

    awful pay, unfair opportunities for promotions

    Advice to ManagementAdvice

    bump up the pay, and promote on ability rather than seniority

    Doesn't Recommend
  2.  

    Fantastic! A great place to work.

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

    I worked at Scotiabank

    Pros

    - Very concrete project management process
    - Established management chain
    - Well established performance review process, tied to bonus payout
    - Lots of opportunity for advancement, promotion
    - Great people!

    Cons

    - Old outdated tech used in some projects
    - Compensation can be low compared to non-banking sector
    - Red tape on getting new ideas approved can be hard to cut

    Advice to ManagementAdvice

    Keep up the great work, higher salaries would be nice! All in all, you've got a great place to work!

    Recommends
    Approves of CEO
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