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3 people found this helpful  

taking advantage of new immigrants

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

I worked at Scotiabank full-time for more than a year

Pros

hmmm - Scene points with my free banking account needed for payroll??

Cons

all the other CONs listed in reviews are bang-on accurate. Do read them. Management issues, old guard, no innovation, shabby offices, low pay, etc... Essentially, a few rich dictators taking advantage of the working class - and that working class is different than in any other bank.

On the surface, seems great that Scotia is such a great multi-cultural employer but the new immigrants are taken advantage of. Some are very skilled and working for peanuts. Look at those comments by happy employees - see the trend in spelling/grammar errors by those with English as a second language? They are happily oblivious to what good employers look like in Toronto. Glad they have personally advanced. Knew many who worked so hard to get educated and immigrate. Just hope they don't stay in Scotia long...God forbid they become one of the lifers. Just compare - visit a Scotia, BMO, CIBC, TD and RBC branch in your hood. Which place makes you feel like you're on the set of "That 70's Show"? - costumes included!

Advice to ManagementAdvice

get out of the boardroom and take a look around....

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

511 Other Employee Reviews for Scotiabank (View Most Recent)

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  1.  

    competitive

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    one of the big banks

    Cons

    a little too much competitive

  2. 1 person found this helpful  

    Great corporate culture, if you want to enjoy banking go to Scotiabank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banking Officer  in  Toronto, ON (Canada)
    Current Employee - Personal Banking Officer in Toronto, ON (Canada)

    I have been working at Scotiabank full-time for less than a year

    Pros

    A great team environment, and it actually is very much team centered. They have a great rewards system, you get appreciated for your efforts by your peers and by management. You can collect 'applause points' which you can use to purchase stuff. Great opportunity to grow, but that applies throughout banking. Very flexible structure. Corporate culture is very good, very welcoming and encouraging. Looks great on your resume, great stepping stone to a lot of things. Everyone is always helpful. You are encouraged to take part in extra-curricular activities, have a good work/life balance. The culture and environment will obviously be different from branch to branch.

    Cons

    Lots of paperwork! But that would be the same with every bank. The pay is not that high compared to a similar job in a non-bank company, but you get job security with the bank, well atleast if you perform. There is pressure to perform, numbers matter, but thats universal. Training is mostly on the job, so it can be challenging. Everyone has different answers when asked, so you have to read the bank policy yourself.

    Advice to ManagementAdvice

    Perhaps if you re-program the systems we use, it could be made a lot more efficient. Training can be improved, the courses online to teach yourself are good for the most part, but they are very one dimensional, easy to get bored and the overall structure for training is not efficient, maybe have a 3 day training session at head office to help new staff to learn all the basics quick.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Scotiabank

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