Scotiabank Reviews

Updated September 1, 2015
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
151 Ratings

Pros
  • work/life balance is exceptional (in 80 reviews)

  • weekly team meetings which encourages a team-oriented work environment (in 30 reviews)

Cons
  • Was recruited with a promise of improved work life balance - this hasn't materialized (in 6 reviews)

  • Actions and Words of Senior Management hardly match (in 9 reviews)

More Pros and Cons

731 Employee Reviews

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  1. VP - Business Deposits

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President & Senior Manager in Houston, TX
    Former Employee - Vice President & Senior Manager in Houston, TX
    Approves of CEO

    I worked at Scotiabank (More than 3 years)

    Pros

    World Class Bank with large International presence

    Cons

    Declining US in the US market


  2. Helpful (2)

    Great Workplace

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Consultant in Nashville, TN
    Former Employee - Customer Service Consultant in Nashville, TN
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Scotiabank (More than a year)

    Pros

    Work/Life Balance is great and a decent company to work for.

    Cons

    Scotiabank is very conservative which does not match my goals.


  3. Not a great experience

    Former Employee - Compliance Analyst in Clifton, NJ
    Former Employee - Compliance Analyst in Clifton, NJ

    I worked at Scotiabank (Less than a year)

    Pros

    There is good morale among employees.

    Cons

    Management is in Canada and has a poor sense of direction

    Advice to Management

    Place directors in other offices. Directors in Canada are out-of-touch because of logistics.


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  5. Helpful (1)

    Best Job I Ever Had

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Company culture, free lunches, sabbaticals.

    Cons

    Cubicle environment, can't use social media at work.


  6. Decent place to learn

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    For the most part, relaxed work environment compared to other banks. Teams are generally lean so opportunity to get broad exposure on transactions.

    Cons

    Lack of structured personal development opportunities. Few similar-aged employees. Scotia feels "cheap" in several ways compared to competitors.


  7. scotiabank ... great company

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

    I worked at Scotiabank part-time (Less than a year)

    Pros

    Great staff, benefits, environment. great place to work

    Cons

    Goals and Targets, but it really rewarding so this might not even be a con


  8. Helpful (1)

    Director Level

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Scotiabank full-time (More than 8 years)

    Pros

    A fantastic traditional internal culture embodied in the people, but which is currently under tremendous change as part of a new Corporate Philosophy. Pay is about mid market in Canada and below Industry Standard in the US. Benefits are being reduced with more of the costs being borne by the employee in Canada. In the US, it's still pretty good, but not as good as it was a few years ago.

    Cons

    Very little communication about how all of the numerous and very recent and also VERY hurried "departures", from the most senior on down, coupled with other changes contribute to the "Strategy" that's been presented. Alot of uncertainty from within. Huge change always brings that, but more effective communication would mitigate some of that for the employee.

    Advice to Management

    Perhaps devote some effort into more timely and informative messages on why all of the changes in key staffing.


  9. Manager Personal Banking

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager Personal Banking
    Former Employee - Manager Personal Banking
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Scotiabank full-time (More than 10 years)

    Pros

    Excellent company to work for. Great benefits, great leadership, so many different departments/areas of work to move across the group.

    Cons

    Your potential and success somewhat depends on your supervisors ability to lead the team.


  10. Great Place to Work

    • Work/Life Balance
    • Culture & Values
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank part-time

    Pros

    This company provides a great atmosphere to work in and great people to work with

    Cons

    The office space sometimes gets overheated with the number of people in the office


  11. Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in San Juan, PR
    Current Employee - Manager in San Juan, PR
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank (More than 5 years)

    Pros

    Customer focused, great place to work, family oriented, very conserned about your health and wellbeing.

    Cons

    Poor salary, too many part time positions a lot of turnover.



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