Scotiabank

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Scotiabank Reviews

Updated Jul 17, 2014
All Employees Current Employees Only

3.4 476 reviews

94% Approve of the CEO

Scotiabank President and CEO Brian J. Porter

Brian J. Porter

(52 ratings)

69% of employees recommend this company to a friend

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks(in 66 reviews)

  • Relax work environment, great people and a stable company(in 22 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)

  • Low salary; if you pay peanuts you get monkeys(in 8 reviews)

476 Employee Reviews
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Boring workplace like a senior housing project

    Director (Former Employee) New York, NY

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

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

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

    • Culture & Values
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    • No Opinion of CEO

     

    Worst experience of my life.

    Senior Personal Banking Officer (Former Employee) Salmon Arm, BC (Canada)

    ProsCompetitive products, ease of processing credit restructures. Difficult to express many positive facets to this company

    ConsSalary below competitive, sales quota pressure and encouraged tactics were unethical, negative working environment, dated/non-functional hardware/software/procedures/policies, expected to stay long hours and come in early, health and medical benefits were both more expensive and less comprehensive than competitor banks I have worked for. Unattainable sales goals means for diminished bonus potential.

    Advice to Senior ManagementIf you hire staff under false pretenses, they will quit. If you treat your best employees like children that need to be condescended to, they will quit. If you are reading this and considering a career in retail banking, please strongly reconsider this establishment as your starting point- You are very likely to have a tainted image of the industry.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Worked with sub par people

    Director (Former Employee) New York, NY

    ProsThere really are no pros

    ConsLow salary; if you pay peanuts you get monkeys

    Advice to Senior ManagementCommit suicide

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

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Not much to say If you know anyone to put you in you can get paid higher than other even can promote in no time

    Credit Risk Administration Officer (Former Employee) Toronto, ON (Canada)

    ProsAfter 5 years of employment no Pros to say there are still honest working good people but they are all minority among the corrupted ones

    ConsYou need a hook up to get a job You need a hook up to get paid more the others you need a hook up to promote if you don't have any hook up you can even get fired regardless how hard you work to open a space for a new hook up

    Advice to Senior ManagementWhen you say "Equal opportunity employer make sure mean it

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

    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Vindictive and Incompetent Senior IT Management

    Senior Manager IT (Former Employee) Toronto, ON (Canada)

    ProsBig Brand Name, reasonable benefits

    ConsA number senior level Managers, Directors, and VPs are highly incompetent, they operate without adequate accountability and hide behind sustained chaos. As a result the poor performing staff continue to flourish and get promoted. Actions and Words of Senior Management hardly match. One of the worst places one could work for unless you enjoy looking busy, fire fighting to be the theme of the day - day after day and you don't mind 'boot licking' to get ahead.

    Advice to Senior ManagementSenior Execs from Business should look for value and not cost of IT

    No, I would not recommend this company to a friend

    • Culture & Values
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    Senior Manager

    Anonymous Employee (Former Employee) Toronto, ON (Canada)

    ProsWorking at Scotiabank dose not have any pros.

    ConsLack opportunity for growth, low salary compare to others

    No, I would not recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

    2 people found this helpful  

    Hierarchy Prevails

    Non Management, HUman Resources Umbrella (Current Employee) Toronto, ON (Canada)

    ProsIf you learn to ask "How high?", when management says jump, your job should remain secure.

    ConsStrong emphasis on hierarchy. Highly political and bureaucratic environment. Management isn't held accountable and job satisfaction for non management is irrelevant. The hiring process is prejudice and favours women. Career advancement opportunities for males who don't already hold senior positions is limited. There isn't an effective process for conflict resolution in place. Favouritism, Cronyism, Nepotism and sexism towards men is highly rampant under Human Resources.

    Advice to Senior ManagementHold management accountable. Stop promoting people who aren't good at their jobs. Stop promoting people, non Management do not like. Make Management accountable for employee satisfaction. Seek the opinion(s) of non Management and improve conflict resolution. Fix your hiring practices and stop the discrimination.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

    4 people found this helpful  

    A great place to work; for sociopaths and sycophants.

    Senior Manager (Former Employee) Toronto, ON (Canada)

    ProsNo pros come to mind.

    ConsPitiful benefits. Antiquated technology. Management`s behaviour completely inappropriate and unprofessional. Blatant favourtism for the chosen few. Demeaning, scapegoat tactics for individuals who refuse to conform to the drone mentality.

    Advice to Senior ManagementGrow up.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

     

    If I could turn back time.....

    Anonymous Employee (Current Employee)

    ProsYou always get paid on time, and the work conditions are stable.

    Cons- Company culture works to hold back good quality workers for fear of losing their skills, while promoting bad workers in order to pass the "dead weight" to someone else. There are no systems in place to provide adequate training the higher you go in the organization, and there is no method of retaining knowledge from valuable employees.
    - Pay is not competitive. The company provides a pay base point in terms of "market reference" for your position. In almost all cases you will be paid far below the market reference listed. I have never met anyone who is paid 100% of the market reference. It's a backwards and broken system.
    - benefits are not competitive

    Advice to Senior ManagementProvide training to management. The higher you go int he company the less training employees/management receives and the more unprofessional it becomes. When starting at entry level you receive good training and reinforcement. The higher you go in the company the less you receive. This results in senior management without management skills, and who are severely uneducated on HR and corporate policies and procedures. This does not promote confidence in leadership and management, and results in poorly run departments.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Broken Work System

    Analyst (Current Employee) Toronto, ON (Canada)

    Pros- Fast-paced work environment
    - Established company
    - Various community contributions, charity events, and social events
    - Promotes from within

    Cons- Values start employees but over works them, giving poor annual reviews to keep them in the department so no manager will hire internally. Good reviews are given to poor employees as a means to get rid of them.
    - Very, uneven distribution of work
    - Managers promotes favouritism
    - A lot of red tape and process to get anything done which delays pressing matters.

    Advice to Senior ManagementValue employees who contribute to the organization. Stop trying to operate as a fast-pace startup and ignore policy when it's convenient.

    No, I would not recommend this company to a friend

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