Scotiabank Reviews

Updated August 4, 2015
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
138 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

689 Employee Reviews

Sort: Popular Rating Date
  1. Stable employment, balanced career advancement and life

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

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

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

    Cons

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

    Advice to Management

    Invest in profit generating infrastructures.


  2. Helpful (1)

    Great place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    I 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.

    Cons

    because 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.


  3. Scotiabank

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

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

    Pros

    A young and dynamic working environment

    Cons

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


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    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 Management

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


  6. Good work place

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

    I have been working at Scotiabank

    Pros

    Amazing Enviroment good salary great management

    Cons

    Nothing in particular I liked everything

    Advice to Management

    I do not have any special advice to management it was all good


  7. 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


  8. Manager Personal Banking

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

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

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

    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.


  9. Scotiabank... you'll be here for a while

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Summer Student in Toronto, ON (Canada)
    Current Employee - Summer Student in Toronto, ON (Canada)

    I have been working at Scotiabank

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Of all the major banks in Canada, Scotiabank is the one that will provide you with the most job security and loyalty to their employees. It rarely cleans up shop, like other banks, and fires a large amount of people In addition, it is also the best bank in terms of allowing you to work at your own pace and balance your personal life with work (opposed to employers that lock you down for long hours). Plenty of people at Scotiabank have been there for 30+ years and expect to retire there. I've heard many stories where Scotiabank, and its subsidiaries, have recruited people from other companies and stayed at the bank indefinitely. Also, it is great at providing employees with various events to spice up the day, whether its a charity run, a fundraiser, social committees or what not, it makes it feel like a university club atmosphere.

    Cons

    The flipside of job security is that it rarely fires incompetent people, rather they would just transfer them around to other departments.

    Advice to Management

    Keep up the constant emails and communication with the employees!


  10. Scotiabank is committed to demonstrate excellence in customer service.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Toronto, ON (Canada)
    Current Employee - Manager in Toronto, ON (Canada)

    I have been working at Scotiabank

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    One Team, One Goal philosophy is supported throughout all ranks

    Cons

    Limited opportunity for advancement within my immediate unit due to current structure of business line I manage.

    Advice to Management

    Excellent top-down support is in evidence.


  11. PBO

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Timmins, ON (Canada)
    Current Employee - Anonymous Employee in Timmins, ON (Canada)

    I have been working at Scotiabank

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Great atmosphere to work, mostly a team focus instead of a me focus. People are willing to help others in time of need. Always room for advancement into higher levels in the bank.

    Cons

    Sometimes supervisors dont really listen to employees as much as they should. Some of the policies are a little out to sea. Sometimes there doesnt feel like theres as much privacy as there should be.

    Advice to Management

    Be more realistic sometimes and listen to employees!



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