Scotiabank Reviews

Updated March 28, 2015
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3.5
634 Reviews
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
114 Ratings

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 Pros and Cons

Employee Reviews

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  1. Help customer do transactions

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative in Saskatoon, SK (Canada)
    Current Employee - Customer Service Representative in Saskatoon, SK (Canada)

    I have been working at Scotiabank

    Pros

    Improve communication skills. Good working environment.

    Cons

    Sometimes may run into tough customers

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful

    Office politics and drama everyday

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

    I have been working at Scotiabank

    Pros

    The best thing would the perks (discount) that you get as an employee.

    Cons

    Everyone is a manager. Each "manager" has their own plan for you and you never really get the opportunity to actually develop your skills. One might want you to do that while another might want you to just stick to day to day tasks. In addition, there are some very toxic individuals who work there and nobody addresses them. The problem is considered invisible.

    Advice to ManagementAdvice

    Invest in talented individuals and don't scare them off by ignoring their concerns

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  3. A great place to start your career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Teller in Toronto, ON (Canada)
    Former Employee - Teller in Toronto, ON (Canada)

    I worked at Scotiabank

    Pros

    Scotia is very pro hiring on recent grads. They have great mentoring programs and will help you develop from the day you start.

    Cons

    it takes a long time to move up through the ranks no matter what your level of education. If you are willing to wait years to advance than this is the place to be.

    Advice to ManagementAdvice

    Pay more attention to your talent regardless of how long they have been within your organization. Newcomers often bring fresh ideas that will greatly benefit your organization.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. customer service represenative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Customer Service Representative in Westlock, AB (Canada)
    Former Contractor - Customer Service Representative in Westlock, AB (Canada)

    I worked at Scotiabank as a contractor (less than a year)

    Pros

    hours are great for single moms

    Cons

    time off policies i was on a contract so didnt receive any bebefits

    Advice to ManagementAdvice

    keep a more hands on look at ur mid management

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6. senior manager

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

    I worked at Scotiabank

    Pros

    good people to work with, on public transportation line, no layoffs

    Cons

    slow to advance, compensation less than other banks

    Advice to ManagementAdvice

    let senior levels move before 3 years

    Recommends
    Positive Outlook
  7. 1 person found this helpful

    Manager's are allowed to bully staff, without any fear of interference from HR.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    - Clients are wonderful!
    - Free bank account and Premium credit cards.

    Cons

    - ZERO work/life balance.
    - EXTREME favoritism.
    - Complete lack of respect for staff privacy rights.
    - Manager's allowed to swear at and abuse staff without any fear of reprisal.
    - Immigrant staff face bullying to such a degree that it is affecting health and family relationships. If a first generation Canadian makes an honest error, s/he is belittled, reprimanded and written up; in front of staff & customers alike. Any other staff make identical error on same date, it is never noticed.

    Advice to ManagementAdvice

    - Stop bullying, belittling, threatening, and demeaning employees that are more knowledgeable than you.
    - Respect Client AND Staff privacy.
    - Act on customer complaints about breaches of privacy. Lives are being irreparably damaged because you refuse to address issues with your drinking partners.

  8. Great people!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Toronto, ON (Canada)
    Former Employee - Anonymous Employee in Toronto, ON (Canada)

    I worked at Scotiabank full-time

    Pros

    The people are amazing, the company provides a good work life balance, they offer great flexible benefits, a fair salary and flexible work shifts.

    Cons

    There is a lot of workplace politics. The financial objectives are usually set very high and the pressure to meal the targets are high.

    Advice to ManagementAdvice

    Give recognition where it is due. Keep on top of your own responsibilities to be a good example to your staff and motivate them to strive hard to reach targets.

    Recommends
    Positive Outlook
    Approves of CEO
  9. Extremely well work environment

    • 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

    Enjoy having lots of responsibility

    Cons

    None that I can think of

    Recommends
    Positive Outlook
    No opinion of CEO
  10. Great corporate culture

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

    I worked at Scotiabank as a contractor (more than a year)

    Pros

    Great managers that are easy to interact with on and one on one level. Warm corporate culture. Would definitely recommended as a career job.

    Cons

    Salary is not the highest but fair enough. I started as a contract so there was no benefits at the time but full time benefit is comprehensive

    Advice to ManagementAdvice

    Continue the great support, leadership and teamwork. Keep the company corporate culture strong and scotiabank will definitely out compete its competitors.

    Recommends
    Positive Outlook
    Approves of CEO
  11. nice place to work in Toronto

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

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

    Pros

    People are nice and supportive

    Cons

    underpay employer in Financial and Banking industry

    Advice to ManagementAdvice

    No advice for now

    Recommends
    Positive Outlook
    Approves of CEO

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