Scotiabank
3.4 of 5 437 reviews
www.scotiabank.com Toronto, Canada 5000+ Employees

Scotiabank Reviews

Updated Apr 17, 2014
All Employees Current Employees Only

3.4 437 reviews

                             

100% Approve of the CEO

Scotiabank President and CEO Brian J. Porter

Brian J. Porter

(35 ratings)

70% of employees recommend this company to a friend
437 Employee Reviews
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Review Highlights

Pros:
  • "work life balance, position title is higher than other Canadian banks"
    in 58 reviews
  • "The work environment is very nice"
    in 24 reviews
Cons:
  • "The pay is not competitive and there aren't full time positions on the teller line, even few part time"
    in 8 reviews
  • "Lack opportunity for growth, low salary compare to others"
    in 7 reviews
  • Show more review highlights

Reviews

 

Great place to work

Anonymous Employee (Former Employee)

I worked at Scotiabank

ProsI enjoyed working at scotia bank, they have a strong sense of community and family. Did not feel like work at all when i was there.

Consbecause it is a big company it will take some time to climb the ladder, so you have to be patient and have a clear direction as to where you want to go in the company.

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Wonderful

Assistant Manager Human Resources (Former Employee)
Christiansted, VI

I worked at Scotiabank full-time for more than 10 years

ProsTeam Oriented, successful, integrity, Training and Development, and more.

ConsNot competitive enough to help employees drive successful sales results.

Advice to Senior ManagementBe more competitive. It will help to drive great sales results. Employees will be more motivated to reach out for the business.

Yes, I would recommend this company to a friend

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Too much bureaucracy

Anonymous Employee (Former Employee)

I worked at Scotiabank

ProsThe Scotiabank name is a synonym for security.

ConsMaking the systems and operations the same for several countries is not effective.

Advice to Senior ManagementGive more authority to the people in the countries they operate.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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It is a great place to enter the banking industry, if you would like to make it a career.

Personal Banking Officer (Current Employee)
Saint Thomas, VI

I have been working at Scotiabank full-time for more than 8 years

ProsWonderful people to work with;very family oriented. Everyone makes you feel comfortable when you're new to a branch.

ConsThe compensation could be better, and changes in the workplace should be relayed to the staff in a reasonable amount of time.

Advice to Senior ManagementPractice what you preach!

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Great Company

Anonymous Employee (Current Employee)

I have been working at Scotiabank full-time for more than 8 years

ProsCareer advancement , committment to employees, team approach to work and work/life balance

ConsTechnolgy systems are old. Long hours

Advice to Senior ManagementInvestment in technology to enhance your employee work product and efficiencies.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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I've worked 3 years at Scotiabank

Anonymous Employee (Current Employee)
New York, NY

I have been working at Scotiabank full-time for more than 3 years

ProsGood work life balance. Great clients to work with. Excellent peers and internal staff to work with. Really just enjoyable day in and day out.

ConsDownsizing in the US. Company has no interest in the US and is fading away fast. Last two years have been spent worrying about when the company is pulling out of the US.

Advice to Senior ManagementIt's time to stop repeating the bank is Canadian's most International Bank. Besides Canada and Mexico the bank is sporadically located.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Not for hard workers

Anonymous Employee (Former Employee)

I worked at Scotiabank

ProsNone (atleast in IT dept)

ConsSeveral. Unqualified people holding senior position

Advice to Senior ManagementIts down the drain anyway.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Associate Director - Corporate Banking

Anonymous Employee (Former Employee)

I worked at Scotiabank full-time

ProsWork - Life balance and great colleagues.

ConsLimited resources in the U.S.

Yes, I would recommend this company to a friend

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Happy I did it, but would never do it again.

Analyst (Former Employee)
New York, NY

I worked at Scotiabank full-time for more than a year

ProsSome of the individuals within the bank are extremely intelligent, and they give access to upper management. Similarly, they have international rotational opportunities.

ConsCulture is extremely cutthroat in investment banking and their is no sense of teamwork. Virtually no access to upper management as was once praised.

Advice to Senior ManagementTake time to train Jrs.

No, I would not recommend this company to a friend

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Stable employment, balanced career advancement and life

Director (Current Employee)
New York, NY

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

ProsNo high stress typical in other wall street banks.
management recognizes personal contributions.
Stable employment, from prudent hiring and no-waste cost management.

ConsDated IT systems.
Risk control is too stringent to grow business.

Advice to Senior ManagementInvest in profit generating infrastructures.

Yes, I would recommend this company to a friend

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