Scotiabank

www.scotiabank.com
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Scotiabank Reviews

Updated February 28, 2015
Updated February 28, 2015
615 Reviews
3.4
615 Reviews
Rating Trends

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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
107 Ratings

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks (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)

  • Some office politics but nothing unlike other work places (in 9 reviews)

More Highlights

Employee Reviews

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  1.  

    The branch I was stationed in had some of the most amazing people. It truly made the experience top notch.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative in Cornwall, NY
    Former Employee - Customer Service Representative in Cornwall, NY

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

    Pros

    - Truly amazing people
    - Great corporate culture
    - Customer service was always paramount
    - Great banking products and customer loyalty

    Cons

    - The pay for CSR isn't high, but that's to be expected.
    - None

    Advice to ManagementAdvice

    The Cornwall branch is certainly doing things right. Keep it up.

    Recommends
    Positive Outlook
  2.  

    It's been ok

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

    I have been working at Scotiabank

    Pros

    Some of the hardest working coworkers you will ever have.
    Good reporting structers and clearly laid out objectives.

    Cons

    Jobs can very monotonous.
    Growth can be challenging.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Scotiabank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - ION Marketview Support Analyst in New York, NY
    Former Employee - ION Marketview Support Analyst in New York, NY

    I worked at Scotiabank full-time (more than a year)

    Pros

    A young and dynamic working environment

    Cons

    The people that worked closely with me and my direct bosses did not decide my salary

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Good, steady work. Heavy workload for FAs

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

    I have been working at Scotiabank (more than 3 years)

    Pros

    Good benefits, and share ownership program.

    Cons

    Workload, technological infrastructure very dated, slow and frustrating.

    Advice to ManagementAdvice

    Invest in technological infrastructure to bring useful tools, and system stability to branches.

    No opinion of CEO
  6. 1 person found this helpful  

    The worst career decision

    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank full-time

    Pros

    Work life balance is ok

    Cons

    Work life balance (you pay will be significantly less than market)
    It's too laid back here
    The company does not cross train employees
    Managers do not offer promotions
    Systems are antiquated
    Information is not shared with other groups
    There will be no one to train you and at the end of the year it will be held against you (because that makes sense)
    The bank is insanely cheap
    TAG is terrible responding to requests
    Knowledge and hard work does not translate to a better salary or bonus
    If you try to move to a different role your manager will block you
    If you come here negotiate as high as you can on both salary and title

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Alright experience for entry level job seeked not recommended for professional.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank full-time (more than 5 years)

    Pros

    Working at Scotiabank afforded me plenty of opportunities for training. Great rapport with colleagues... everyone works as a team. The salary is pretty good and we get incentives.

    Cons

    There is a very heavy workload. Lack of opportunity for promotions

  8.  

    Blue collar investment bank

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

    I worked at Scotiabank full-time (more than a year)

    Pros

    It's steady, safe, predictable for the most part. Benefits are what you would expect. An atmosphere of humility...for the IB world, anyway. Could be a good fit for the right personalities.

    Cons

    The organization is far from nimble and far from willing to try new things. And, just as anywhere, there are internal politics and fiefdoms.

    Advice to ManagementAdvice

    Although your conservative investment strategy works well, there is no need for the operational side of the business to be equally cautious. Lots of rules and processes could be simplified and streamlined.

    Doesn't Recommend
    Approves of CEO
  9.  

    Good work life balance

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

    I have been working at Scotiabank

    Pros

    Training content was in depth. Great people to work with. Senior and district Management genuinely wants to be a part of the learning process with staff.

    Cons

    Pay does not match up with the knowledge expected. Benefits are not great. There is a great learning plan but no time allocated to work on it. Policies are always changing it's hard to keep up to date. Knowledge required for the job is too much for one person.

    Advice to ManagementAdvice

    Allocate time within a work day for training programs. Improve pay and benefits to be competitive with industries in the area.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Boring workplace like a senior housing project

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

    I worked at Scotiabank full-time (more than 3 years)

    Pros

    work life balance is often cited. This is about the only thing worth mentioning..

    Cons

    Company values: keep your job security by not working or taking initiatives.
    Office culture: do not reward people who go out of their ways to help others

    Advice to ManagementAdvice

    An example of follower-culture that takes no risks in doing anything. Better re-start!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Worked with sub par people

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

    I worked at Scotiabank full-time (more than 3 years)

    Pros

    There really are no pros

    Cons

    Low salary; if you pay peanuts you get monkeys

    Advice to ManagementAdvice

    Commit suicide

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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