Scotiabank Reviews

Pros

--great corporate culture if you need balance between family and work
-- strong opportunities for training and cross learning
-- lots of departments that offer chances for career advancement , development
--- excellent management approach at all levels that fosters open and respectful dialogue and communications

Cons

-- technology in some areas is obsolete
-- salaries could be more enticing and not as competitive
-- too many unproductive team meetings
-- outdate practices

Advice to Senior Management

Improve some technology and systems

Pros

* work-life balance
* no added stress

Cons

* low compensation
* tight departmental budget

Advice to Senior Management

* offer competitive salary

Pros

My job as a Personal Banker was helping people set up basic banking things like accounts, visas, lines of credit, some mortgages. Interesting at times and interacting with clients could be fun.
Good work hours - my branch was 8am-4.30pm M-F but some branches have long Thursdays and Saturday hours which I would not have liked.
Nice co-workers.

Cons

Low, low pay. I was making $38,950 which is OK and competitive with other banks but not other fields of work.
TONS of paperwork for every little thing.
Management was inconsistent - managers weren't hired because of their management abilities but because it is the next step in career progress after Financial Advisors - so 1 manager was awesome, approachable, friendly, and another was mean, belittling, and would micromanage the hell out of us.
I was encouraged to downplay the good, basic accounts like regular chequing or No-Fee Visas and focus on "upselling" more expensive banking products even to people who didnt need them.

Advice to Senior Management

Pay more or you will continue to have employees who aren't really dedicated and will jump ship at the drop of a hat.

Pros

Pros:
Good training program to start out
Supportive Staff
For the most part, easy to understand policies and procedures
Great benefits

Cons

Cons:
Salary is okay but I feel it could be better
Sometimes can get overwhelming as they have you doing a lot

Advice to Senior Management

Nothing too major I can think of..overall its a decent place to work for me.

Pros

potential for career advancement and growth

Cons

call center environment so it can become boring

Advice to Senior Management

keep up the good work

Pros

Small close-knit friendly culture at the bank

Cons

Not the smartest people in the industry
Do not get the best deals

Pay is below-market
New York corporate banking is shutting down and layoffs have started
the NYC office is controlled remotely by Bank HQ in Toronto

Pros

Provide great traning, good relationship with teamate and manager, lot of branches, everybody helps each other. most international bank in Canada

Cons

Policy keep changing every day, mortgage rate is not Competitive, working attitude is a very big problem, underwriting system very low efficiency?

Advice to Senior Management

Hopefully the people whoes working in the ACMUC can improve the working attitude.
Hire someone whose really understand the banking and marketing to make the mortgage products.

Pros

good bank and good place to start

Cons

big institution but less accomodating

Advice to Senior Management

none
cant think at this point

Pros

- very good work climate
- nice colleagues
- competitive compensation package

Cons

- bureaucratic
- not very well paid

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.