Scotiabank Reviews

Updated August 27, 2015
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
147 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

725 Employee Reviews

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  1. Helpful (3)

    Not for hard workers

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    None (atleast in IT dept)

    Cons

    Several. Unqualified people holding senior position

    Advice to Management

    Its down the drain anyway.


  2. Helpful (3)

    Worked with sub par people

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    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 Management

    Commit suicide


  3. Helpful (1)

    Boring workplace like a senior housing project

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

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


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  5. Helpful (4)

    The worst career decision

    • Culture & Values
    • Career Opportunities
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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


  6. Helpful (4)

    Worst place worked ever

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Programmer Analyst in Toronto, ON (Canada)
    Former Employee - Programmer Analyst in Toronto, ON (Canada)
    Doesn't Recommend
    No opinion of CEO

    Pros

    Good thing about scotiabank: make you think you can work there forever but this is not true. As you need special political skills to hang on to you job

    Cons

    Very bad communications within team. Bad management. Too much politics.

    Advice to Management

    Fire some "Senior Project Leaders" in your IT Division. Also you need to fire some "directors"


  7. Helpful (2)

    Reality

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - CSO in Toronto, ON (Canada)
    Current Employee - CSO in Toronto, ON (Canada)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    To take whatever experience you've obtained while on the job, then taking those skills elsewhere where you can be properly compensated. It motivates you to save what little money you have to train yourself when your manager doen't want to train you.

    Cons

    The office politics. The backstabbing by both the golden children and managers on the teams. The incompetence. The bullying. The lies, rumours and innuendos if they want to get rid of someone who is actually smart, decent, hardworking and wants to do their job.

    Advice to Management

    Get trained on spotting ass kissers, number one. Second, learn to mix with everyone from every social class, there are too many that are elitist. Third, give hard workers some credibility, the managers are 80% not telling the truth or stealing credit.


  8. They do not live up to their principals and standards that they base there reputation on.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Personal Banking Officer in Vancouver, BC (Canada)
    Current Employee - Senior Personal Banking Officer in Vancouver, BC (Canada)
    Doesn't Recommend
    No opinion of CEO

    Pros

    none. I would have been able to provide alot of reasons, however since being off on sickleave, they have literally ruined me. My health is worse than ever, and this is all a reflection of the treatment I have received from the management team since my leave.

    Cons

    scotiabank does not follow through on there commitment to customers or to there employees, from an employee of 15 yrs, i have never known a company to be so unethical, and discriminating. my advice to you, is to choose another bank because scotiabank is not at all what they claim to be.

    Advice to Management

    It is too bad that the management team is intimadating and that there discrimination on how they treat there employees goes unnoticed. It is too bad that they do not stand true to the promise on how "everyone is to be treated as an equal"


  9. Helpful (1)

    A very bad place for you

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technical Analyst in Toronto, ON (Canada)
    Former Employee - Technical Analyst in Toronto, ON (Canada)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Money, I need the job as we have only one income Also I thought this is a solid company, not very far from home.

    Cons

    Politics, this place is really full of such things. They hired some very incompetent people. And kept those idiots there long time.

    Advice to Management

    not much


  10. Helpful (2)

    The politics are an mf!!!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Services Representative in Toronto, ON (Canada)
    Current Employee - Customer Services Representative in Toronto, ON (Canada)
    Doesn't Recommend
    No opinion of CEO

    Pros

    Gets your foot in the door. Ok pay and benefits. Paid vacation.

    Cons

    Incompetent people and management. They play favourites and treat competent workers like crap! Little room for promotion, unless you are prepared to grovel and bow to the master/mistress. They knock you down if you show progess. There are many people there with nasty attitudes there. If you defend yourself, you are blamed. Mid-Management lies about you any and every chance they get, if they are threatened by your progress. You are confronted and accused of things you did not do, HR does ask questions, they only listen to the manager-then act as judge, jury and executioner. People are rewarded for knocking down other people, teamwork is lipservice, just another useless piece of corporate jargon.

    Advice to Management

    Leave your egos at the door.


  11. Helpful (2)

    Scotia sucks

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager in Toronto, ON (Canada)
    Former Employee - Senior Manager in Toronto, ON (Canada)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Employee training courses were OK.

    Cons

    My manager created a hostile working environment, I complained and was let go.

    Advice to Management

    Get rid of some of the middle management who have been there for 20 years and have no potential to move on to the executive ranks



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