National Bank of Canada Reviews

Updated April 17, 2015
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3.5
84 Reviews
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National Bank of Canada President, CEO, and Director Louis Vachon
Louis Vachon
40 Ratings

Pros
  • good benefits, salary, work life balance, formations (in 7 reviews)

  • Good benefits: health insurance, sometimes interesting trainings offered (in 7 reviews)

Cons
  • limited opportunities outside of Montreal ( to Quebec centric) (in 5 reviews)

  • More francophone than english so must be bilingual or french speaking to move up (in 4 reviews)

More Pros and Cons

Employee Reviews

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  1. Great place to work but only for a few years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at National Bank of Canada full-time (more than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great culture
    Great people to work with

    Cons

    No opportunities to grow
    Compensation no that great

  2. Big bank with credit union charm

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

    I worked at National Bank of Canada full-time (more than 3 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Because the bank is still kind of small in Ontario, general feeling is less structure and control, in compare with other Big 5s. But it is not necessary a bad thing, because each business unit has room to cater to the need and client demographic. If the branch is entrepreneurial, it s can be quite fun and easy to succeed.
    Another thing I like about this bank is the target (objectives) compare to other banks, are significantly smaller, and more achievable. Overall I find the stress level is not high, and generally speaking the culture is warm and supportive.
    Base salary may look slightly lower than other FIs, but once you get in you will notice the employee benefits are more than generous. Significant low mortgage rate, excellent pension plan etc....

    Cons

    The operating software and system are very confusing and difficult to learn even for a seasoned banker like me. Sometimes it takes a long time to get one client's request done, or take many steps to finish the administration work.
    Though overall I must say the staff benefits are great, but one thing I am not crazy about is that new employee need to earn their vacation days for a year before full entitlement kick in. Why not pro-rate the vacation days from the very first year for new employees?
    The bank also has several silos, in combination with technology challenge, that can create client experience barrier. For example, many legacy accounts from the acquisition of Altamira few years ago, or broker referred mortgages, can create more work to the branch than the actual benefit of growing the market via proprietary channel.

    Advice to Management

    The fact that 2/3 of the branches in the bank located in Quebec, naturally head office is in Montreal. Every single senior position require fluent French, which hinder the opportunity for people from other province. Sometimes or good employee who wish to advance in career, they will feel the glass ceiling. On the other hand, French proficient staffs in Ontario has the advantage of connection, extra information, and more career opportunity. It may deter top talent from choosing NBC over other FIs.

  3. CSR

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative in Toronto, ON (Canada)
    Current Employee - Customer Service Representative in Toronto, ON (Canada)

    I have been working at National Bank of Canada

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    the bank gives good pay

    Cons

    there is alot of paperwork, the bank is behind in investing in its technology, and automating procedures

    Advice to Management

    encourage employee promotions

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  5. technical advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technical Advisor
    Current Employee - Technical Advisor

    I have been working at National Bank of Canada full-time

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Great benefits, free banking services, office hours

    Cons

    Company doesn't listen to employees, need to know a friend to get a better position or improve in the company, immigrants are not really welcomed

    Advice to Management

    Listen to employees be more transparent

  6. IT Manager

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

    I worked at National Bank of Canada full-time (more than a year)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Good talents, Solid profit , Leader in Quebec

    Cons

    Lack of physical space
    Lack of room to grow
    Weak Offshore management
    Reorg after reorg

    Advice to Management

    Dont reorg

  7. financial advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at National Bank of Canada

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    pay well, easy working environment

    Cons

    very french oriented, should open more other market, limited to Quebec

  8. Good bank

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

    I have been working at National Bank of Canada full-time (more than 3 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Opportunities advantages, stability, variable pay

    Cons

    Base salary, difficulty to move up quickly

    Advice to Management

    Provide better understanding of all departements and opportunities at the bank

  9. Helpful (1)

    High targets, little career growth options, old school management, outdated systems

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banking Advisor
    Current Employee - Personal Banking Advisor

    I have been working at National Bank of Canada full-time (more than a year)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Great benefits, great employee loan rates.

    Cons

    I've had a horrid experience getting the training needed. Management style based on micromanagement and authority. Negative and poisonous environment. Too many systems to juggle with, outdated. Bank still in development outside the province of Quebec, therefore challenging to reach target expectations. Cheap bank where parties or team get-together are to be pulled out of your own pocket.

    Advice to Management

    Management should evolve. Big bully boss is of the past. This management strategy doesn't fly anymore nowadays. Just like you want clients to have a great and positive experience, employees deserve the same.

  10. Great company, opportunities for advancement limited due to poor HR

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

    I have been working at National Bank of Canada full-time (more than 3 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Great benefits including: health, share ownership, pension, reduced borrowing rates, etc., excellent job security and flexible vacation.

    Cons

    very poor HR and opportunities for advancement limited as a result.

    Advice to Management

    Invest in HR

  11. Busy, lots of work, very smart co-workers, lots of fun

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

    I worked at National Bank of Canada

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    The SL team is very friendly yet when work needs to get done, they get it done. You get to learn all kinds of business aspects, programming and more.

    Cons

    long hours, lots of work

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