Laurentian Bank

  www.laurentianbank.ca
  www.laurentianbank.ca

Laurentian Bank Reviews

Updated September 18, 2014
Updated September 18, 2014
12 Reviews
1.9
12 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Laurentian Bank President and CEO Réjean Robitaille
Réjean Robitaille
5 Ratings

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great for Career Growth

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

    I have been working at Laurentian Bank full-time (less than an year)

    Pros

    There is a tremendous amount of opportunity to learn and develop both functionally and personally. The learning opportunities are really good.

    Cons

    The structure of the bank is really different from other banks and financial institutions. Head Office is in Quebec and all the other offices/branches are satellite offices. This presents a different set of challenges logistically.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    very very very bad!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Representative in Montreal, QC (Canada)
    Former Employee - Customer Representative in Montreal, QC (Canada)

    I worked at Laurentian Bank full-time (more than an year)

    Pros

    good working hours - monday to friday (but full time job is only 32h per week), pay is ok, most coworkers are friendly.

    Cons

    understaffed, very stressfull, big lines of customers all the time, manager never teach a thing, a lot of presser to sell credit cards, you have to learn new things by yourself during the work. computers offten are out of order. everybody are stressed around.

    Advice to ManagementAdvice

    give a good training! be realistic about u credit cards!! staff change every week!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Good school to learn as a rookie in the financial industry. But run as soon soon as you can!!!

    Current Employee - Account Manager in Montreal, QC (Canada)
    Current Employee - Account Manager in Montreal, QC (Canada)

    I have been working at Laurentian Bank full-time (more than 3 years)

    Pros

    Nice schedules for life balance. Unionised.

    Cons

    Difficult to attract new clients as the institution is seen as second class bank. Under funded. Hardly any budget for anything. Misery is the moto.

    Advice to ManagementAdvice

    Invest in your human capital. Make your branches attractive. Make yourself known. Considering how the competition is getting stiff, invest more to make yourself known.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 2 people found this helpful  

    Abysmal

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Manager in Montreal, QC (Canada)
    Current Employee - Account Manager in Montreal, QC (Canada)

    I have been working at Laurentian Bank full-time (more than 3 years)

    Pros

    Good entry level job but not a place you want to stay at for too long. You get experience dealing with difficult people and situations.

    Cons

    - Poor leadership.
    - Outdated systems.
    - Political work environment.
    - High turnover.

    Advice to ManagementAdvice

    Change up the leadership core. This is the 21st century and management behaves like its still in the 1900's.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Great place to work in Québec

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Montreal, QC (Canada)
    Current Employee - Financial Advisor in Montreal, QC (Canada)

    I have been working at Laurentian Bank full-time (more than an year)

    Pros

    Good benefits as employee (health insurance, maternity)
    After 5 years of services increase 4 weeks holidays
    Discount for mortgage rate, banking plan, line of credits.

    Cons

    Bank based more in Québec.
    Small bank with no really publicity in medias. Sometimes difficult to find new clients.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Company growth at what cost?

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

    I have been working at Laurentian Bank full-time (more than an year)

    Pros

    Their objective is to grow their market share and become more competitive

    Cons

    Growth of the company has come at a cost to clients(service) and staff(value)

    Advice to ManagementAdvice

    Stronger leadership from executives and re-focus on what's important for any successful company - your customers and employees

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 4 people found this helpful  

    Extremely Short-Staffed Company with Zero-People Management Skills

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

    I have been working at Laurentian Bank full-time (less than an year)

    Pros

    I honestly cannot think of a good thing other than if I have to say is the people (employees) work there. A majority of them are good dedicate employees.

    Cons

    Senior Management is basically just sit in their office and not really come out and chat with their staff to see how stressful they are. They don't really care. Everyday it's like sailing in the rough sea in a sinking Titanic! Outdated Technology. Everyday something new about the system!

    Advice to ManagementAdvice

    Seriously learn from other banks and see why they are a success!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 4 people found this helpful  

    Obedience before competence.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Montreal, QC (Canada)
    Current Employee - Manager in Montreal, QC (Canada)

    I have been working at Laurentian Bank full-time (more than 8 years)

    Pros

    Nice people to work with but misery loves company.
    Good Work/Life Balance.
    Job security

    Cons

    Way too political. Don't value competence.
    Nonexistent career opportunities.
    Management motto : cover my own ass and put my freinds in the right spot despite their incompetence. .
    Extraordinary number of VP's with no legitimacy or value added..
    No growth,
    Low wages compared to the average of the industry.

    Advice to ManagementAdvice

    Create a system where competence is valued. Corporate politics is all what matters to you. You have zero creativity in terms of getting value for shareholders.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 5 people found this helpful  

    Sinking ship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Manager in Montreal, QC (Canada)
    Former Employee - Account Manager in Montreal, QC (Canada)

    I worked at Laurentian Bank full-time

    Pros

    Unionized and trailer fee commissions for advisers

    Cons

    Ancient computer system, many (if not majority) of advisers know little if anything at all about finance and economics. Ridiculous amount of turnover in the branches. Constantly short staffed. Union protects many employees from being accountable for their actions.

    Advice to ManagementAdvice

    Rethink your retail banking strategies. Long term sustainable growth is achieved through stable and transparent working conditions. Staff turnover will be your downfall. Clients have lost faith and see the LBC as a 2nd rate bank.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 2 people found this helpful  

    Poor experience but a valuable one.

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

    I have been working at Laurentian Bank

    Pros

    Good salary for a student. Flexible work schedule. Significant amount of health-related benefits, dental and medical insurance offered. Good coworkers.

    Cons

    Poor management. Rude supervisors, with low backing, self-centered and arrogant. Lack of opportunities to advance withing company. Relatively poor bank reputation within a national frame.

    Advice to ManagementAdvice

    Hire more motivated happy content people to work as supervisors. Have constant supervising of the supervisors themselves. Treat your employees in a more modern open-minded 21st century way.

    No opinion of CEO

Work at Laurentian Bank? Share Your Experiences

Laurentian Bank

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.