Scotiabank Reviews

Updated October 15, 2014
Updated October 15, 2014
531 Reviews
3.5
531 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
75 Ratings

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks (in 78 reviews)

  • A good work environment to develop ones skills and experience (in 27 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 Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Experience was average

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

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

    Pros

    Treat you like family, with a very informal environment

    Cons

    The pay was poor, no respect for your time.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Bottom line driven, development can be ignored

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

    I have been working at Scotiabank full-time

    Pros

    Competitive benefits, good vacation benefits and share program.

    Cons

    Not satisfied with my manager's interest in our career development

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Business Analyst

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

    I have been working at Scotiabank as a contractor (more than an year)

    Pros

    A good work environment to develop ones skills and experience

    Cons

    There is further room to upgrade their processes

    Positive Outlook
    Approves of CEO
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  5.  

    Proud for serving Canada's largest Bank.

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

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

    Pros

    Best corporate culture across the world...

    Cons

    Not every single person want to move...

    Advice to ManagementAdvice

    Retain all existing talent by giving them fair chance instead...

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great company

    • 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 full-time

    Pros

    Great people to work with at the company

    Cons

    Not any cons I can think of

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    No Career

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

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

    Pros

    Work Life Balance is good

    Cons

    No Career progression. Lot of Favoritism.

    Advice to ManagementAdvice

    Hire Talent from Outside to improve upon work environment, cut office politic and handle favoritism objectively

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    Great company to work for

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

    I worked at Scotiabank full-time (more than an year)

    Pros

    advancement opportunities, good leadership, fun working environment, great team work

    Cons

    work life balance, downtown commute no enjoyable

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    system support specialist

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

    I have been working at Scotiabank as a contractor (more than an year)

    Pros

    team work good team member

    Cons

    new technology wild ability on business

    Advice to ManagementAdvice

    good

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Management is full of **it

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technical Support Analyst in Scarborough, ON (Canada)
    Current Employee - Technical Support Analyst in Scarborough, ON (Canada)

    I have been working at Scotiabank part-time (more than an year)

    Pros

    -Colleagues are generally a great set of people, willing to engage and be friendly

    Cons

    -Same colleagues can also act like they're in high school

    MANAGEMENT

    -Management is a huge problem, from managers sitting there on facebook/having loud conversations with employees while others are on calls/working to simply throwing you under the bus when it comes to taking criticisms (ex. one of their employees needs to be trained on something, but they take it as a personal attack, clients don't get great service and analyst keeps making the same mistake).
    -spend a lot of time micromanaging analysts that do better than most, instead of managing those that aren't pulling their weight
    -Worse thing about management is that they make promises but never do anything. Currently part time, however instead of hiring me as fulltime, they've decided to hire several new analysts through contracts (and they've hired several previously while I was partime) when it makes more sense to increase the hours given to someone who has already worked the job and as per reviews one of the top people there
    -They promised another analyst that if he worked lateshift it would work to his benefit to get fulltime with Scotiabank, instead after a getting an extension on his contract he was forced to find another position because they wouldn't hire him fulltime.
    - Management takes credit for all these statistical improvements, when really it simply a matter of hiring more employees(half of them are not even the right ones) because they were extremely understaffed before (department went from 20 employees to 41 at last count)

    Advice to ManagementAdvice

    Keep talent, and let it grow. Hiring them just to work them into a corner and do nothing with them, means that talent won't stay and you will do horribly when reviews come.

    You are doing an absolutely terrible job and I can't wait to leave.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Great long term employer

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

    I have been working at Scotiabank full-time (more than an year)

    Pros

    flexible work environment, great personnel on team

    Cons

    poor benefits, same for all staff

    Recommends
    No opinion of CEO

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