Scotiabank

  www.scotiabank.com
  www.scotiabank.com

Scotiabank Reviews

Updated November 18, 2014
Updated November 18, 2014
549 Reviews
3.5
549 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
84 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.  

    Great place to start your career

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    Well managed prcoesses and procedures, well designed corporate structure

    Cons

    Salary is just satisfactory, but above average

  2.  

    Old fashioned management, conservative, horrible working environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Relationship Manager in Mexico City (Mexico)
    Former Employee - Senior Relationship Manager in Mexico City (Mexico)

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

    Pros

    Scotiabank is a mediocre bank, so therefore workload is easily manageable and thus life/work balance is OK.

    Cons

    My experience is from directly in Global Transaction Banking. Old fashioned management in which bosses have the ultimate word not open to discussion. Working environment is terrible, people is not given the chance to grow or to even speak up their mind or ideas, so everybody is frustrated. There were people in their mid 40s with the same position as me, making less money. they've been in the same position for years. There are also limited growth opportunities. Salaries are way below industry average and perks and benefits are poor. When I gave notice I was insulted by my direct manager. If you are a well prepared, driven professional you should absolutely avoid this bank.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Work environment has changed...

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

    I have been working at Scotiabank full-time (more than 10 years)

    Pros

    Vacation time is decent. They should re-consider adding vacation time for staff who have worked for the bank between 10-20 years.

    Cons

    There is very little emphasis on career development.

    Performance appraisals are not properly conducted. Management engagement with staff is limited yet operational demands have increased significantly.

    Advice to ManagementAdvice

    n/a

    Doesn't Recommend
    No opinion of CEO
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  5.  

    review on scotiabak

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

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

    Pros

    Employees are all really nice, I love working with the staff, the customers are 99 percent friendly and love talking. Training is easy, you just have to get used to everything, policies and company values are great, it's a good mix between being professional and friendly.

    Cons

    No Cons to name, I really like working for this bank.

    Advice to ManagementAdvice

    Maybe do some more simulations for weird things you don't usually get with customers.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Scotiabank

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

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

    Pros

    Great Corporate structure and culture. Many benefits and great learning experience. Good organizational structure and working environment.

    Cons

    Low pay, difficult to earn pay increases unless you are moving up levels.

    Advice to ManagementAdvice

    Include more focus on employee development by allowing better training programs. Create more incentives for pay increases or increase base salary.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great company to work for.

    • 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 (more than 10 years)

    Pros

    Employee Share Option Plan. Good vacation time, sick time and personal obligation days. Treated with respect and opportunity for advancement and to further your education. Lots of opportunity to advance if you are mobile.

    Cons

    Wages are not as competitive as competition.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Good expericen

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

    I have been working at Scotiabank as an intern (less than an year)

    Pros

    Good training, the people are great and helpful, flexible hours if you ask. A lot of different projects happening so you get a good feel for the different work flows in the bank.

    Cons

    Organizing between various departments can be a challenge especially if they are working on different things. I was tasked with a few different projects and the time allocation was a challenge I had to face.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Great place to work and learn

    • 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 full-time (more than 5 years)

    Pros

    Company Values, work environment, diversity

    Cons

    Benefits, company size, response to competitors

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Quality Assurance Analyst

    • 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 (more than an year)

    Pros

    No consideration to the contracts , more incline to out source

    Cons

    More interested in Out sourcing and no interest in using country /national source of employment and development

    Advice to ManagementAdvice

    Management has to take care of the employees , need increase in benefits and perks use the source of employment in the country not out sourcing.

    Doesn't Recommend
  11.  

    not good, not bad

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

    I worked at Scotiabank full-time (more than 3 years)

    Pros

    great people to work with. Advancement opportunities

    Cons

    Downtown commute no good. Poor management style

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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