Scotiabank

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

585 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.  

    A place for a work/life balance

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

    I have been working at Scotiabank

    Pros

    Scotia IT job is good if you're looking for the following:
    -A place for a work/life balance.
    -Not much OT required like some other banks. It pays for any OT you did or you can get lieu days.
    -Stable job with decent benefits
    -Very good for new graduate especially from intern program. Promotion is pretty quick in certain area comparing to established IT working professionals.

    Cons

    -No focus on innovation and motivation.
    -Very lengthy communication channel for a small thing/Very inefficient in cross department communication
    -Project is moving very slowly in certain IT department.
    -IT Managers are more like resource managers - they don't understand technology

    Advice to ManagementAdvice

    - Focus on bringing innovation and creativity to the product rather than just focus on meetings.
    - Listen to the suggestions from people with experience from outside rather than sticking to the old ways
    -Spend some time to provide career coaching or opportunity to the employees who are willing to grow.

    Doesn't Recommend
    No opinion of CEO
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