Scotiabank Reviews

Updated August 30, 2015
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727 Employee Reviews

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  1. Helpful (1)

    I've worked 3 years at Scotiabank

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good work life balance. Great clients to work with. Excellent peers and internal staff to work with. Really just enjoyable day in and day out.

    Cons

    Downsizing in the US. Company has no interest in the US and is fading away fast. Last two years have been spent worrying about when the company is pulling out of the US.

    Advice to Management

    It's time to stop repeating the bank is Canadian's most International Bank. Besides Canada and Mexico the bank is sporadically located.


  2. 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.


  3. Helpful (1)

    Associate Director - Corporate Banking

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

    I worked at Scotiabank full-time

    Pros

    Work - Life balance and great colleagues.

    Cons

    Limited resources in the U.S.


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  5. Helpful (1)

    Happy I did it, but would never do it again.

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

    I worked at Scotiabank full-time (More than a year)

    Pros

    Some of the individuals within the bank are extremely intelligent, and they give access to upper management. Similarly, they have international rotational opportunities.

    Cons

    Culture is extremely cutthroat in investment banking and their is no sense of teamwork. Virtually no access to upper management as was once praised.

    Advice to Management

    Take time to train Jrs.


  6. Stable employment, balanced career advancement and life

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Recommends
    Neutral Outlook

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

    Pros

    No high stress typical in other wall street banks. management recognizes personal contributions. Stable employment, from prudent hiring and no-waste cost management.

    Cons

    Dated IT systems. Risk control is too stringent to grow business.

    Advice to Management

    Invest in profit generating infrastructures.


  7. One big pro, several cons, look elsewhere

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

    I worked at Scotiabank full-time (More than a year)

    Pros

    - The work life balance is unreal -Relaxed environment

    Cons

    -Pay is definitely not competitive with the market, raises are joke -You notice people do not get promoted, lateral moves are very rare and management sometimes prevents these moves -Technology is horrible, systems are antiquated -Sometimes too relaxed an environment -Lack of cross training -Lots of office politics -Functions and departments keep getting move back to Canada


  8. Excellent work life balance

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY
    Recommends

    Pros

    Excellent work life balance, Excellent benefits and reasonable hours

    Cons

    Very limited US growth, lower salaries compared to competitors


  9. good life work balance

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    Pros

    Very good work life balance. Usually 8~5 working hour. People are nice and easy to get alone with. location is good.

    Cons

    not good IT system. 3 level bank. The management level people think their target is number 3 in any area (not like other bank wants to be number one!)

    Advice to Management

    No too much I can say about it. Please keep the work and life balance, that's what attract people here!


  10. Review

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY
    Recommends
    No opinion of CEO

    Pros

    Excellent Benefits Excellent Benefits Excellent Benefits

    Cons

    Lower salary than the competition

    Advice to Management

    Raise salary!


  11. Avoid if you can

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    - Work life balance - Low stress - Capital markets are the only area in the bank that's being invested in, however the business is stifled (see cons)

    Cons

    - Pay below market - Outdated managerial practices - Conservative approach to doing business - Uncompetitive vs. US banks - US Corporate bank in decline - Low employee morale

    Advice to Management

    Comp fairly.



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