Scotiabank

  www.scotiabank.com
  www.scotiabank.com

Scotiabank Reviews

Updated December 21, 2014
Updated December 21, 2014
564 Reviews
3.4
564 Reviews
Rating Trends

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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
90 Ratings

Review Highlights

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 Highlights

Employee Reviews

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  1.  

    Director

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

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

    Pros

    Lots of areas to advance your career due to size of company.

    Cons

    No work life balance. If you are good at your job, work has a way of finding you especially as you advance.
    Company doesn't invest in technology so they throw human capital at problems. Issue is that the company doesn't usually pay top range salaries so they get B or C types into the roles.
    Poor HR dept. Lots of lip service but very little action.
    Senior management not very open to change.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2.  

    Great for career development

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

    I have been working at Scotiabank full-time (more than 5 years)

    Pros

    Strong management culture - supportive to new employees. Many opportunities to contribute to significant corporate initiatives.

    Cons

    Approach to innovation is conservative.

    Positive Outlook
  3.  

    Low respect for Contractors

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

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

    Pros

    Helpful colleagues and age average is trending lower. Matrix environment for the most part.

    Cons

    Its supposed to be a Matrix environment with campaign/project managers having some authority, but in reality everyone is micromanaged by bosses like typical old-fashioned financial company.
    There was absolutely no training for contract position, and at the end of contract, they dont renew without any reason/feedback/communication.

    Advice to ManagementAdvice

    Dont claim to be a Matrix organization when in reality team management is stuck in old century!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    I have a telephone Interview .

    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    Scotia is one of best employer to work with

    Cons

    I don't have any banking experience.

  6.  

    Outdated Technology, Demeaning managers, low salary based upon industry average, micro managed and no training

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

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

    Pros

    there are average banking benefits

    Cons

    using timesheet system from 1980
    lots of outdated technology
    horrible choice of vendors
    no paid training
    old school management that micromanages you
    very low training based upon industry average and amount of work required of you
    no work/life balance and work from home policy
    workload unmanageable most people stay till 7:30 pm or go home and continue work in order to complete all duties
    people aren't very social
    benefits package not very good

    Advice to ManagementAdvice

    revise roles and responsibilities
    hire younger people and management
    change rule about not being able to leave job until you work for 3 years in the same position
    higher pay!
    please use updated tools and technology, using mainframe to do timesheet is just sad
    have a paid training program
    better head office location would help, old factory is just sad and theres nothing to do around there

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    contract employment at scotia

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    great company with great people working there

    Cons

    not alot of room for growth and improvement

  8.  

    Auditor

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

    I worked at Scotiabank

    Pros

    Great people to work with

    Cons

    boring work, lack of variety

    Recommends
    Neutral Outlook
  9.  

    Stepping Stone

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    Willing to give you a chance to work there with limited job experience

    Cons

    Compensation is on the low end compared to other banks. Training program was horrible. Gave me a bunch of CDs to memorize then rushed through all the work functions in a matter of days.

  10.  

    Good culture to work in

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

    I worked at Scotiabank full-time (more than 5 years)

    Pros

    A lot of benefits work for the bank: free banking accounts, share option, free career guidance from third party.

    Cons

    It's stressful sometimes as a customer service representative.

    Recommends
  11.  

    Great people, slow progression

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

    I worked at Scotiabank full-time

    Pros

    Lots of great people, really friendly and fun atmosphere. Pretty similar to the other banks, management tried to create opportunities for the team

    Cons

    Bad technology, low budgets, like any office managers have favourites, needs to be more strategic within specific teams, often just reacting to outside forces

    Recommends
    Positive Outlook
    Approves of CEO

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