Scotiabank Reviews

Updated October 31, 2014
Updated October 31, 2014
536 Reviews
3.4
536 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
79 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

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  1.  

    Advancement

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    Plenty of on-line courses to take

    Cons

    Managers have no knowledge on what courses would be beneficial for advancement

  2.  

    Lacking competences - international banking

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    Good to work for if you are the type of workers who are lay back

    Cons

    Promote people who are talkative but not necessarily can do good work. Too many people lacking the competences but at high level. Too many VPs and directors!! Can you imagine one director reporting to another and one VP reporting to another VP! What the bank need is more people with technical competences at the lower lever doing the job!! There's lots of internal posting but all if not all are created for friends or relatives or family members!!

    Advice to ManagementAdvice

    Hire people who are competence and not just able to speak Spanish!

  3.  

    Great place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    Work/life balance. Great hours and support from management

    Cons

    Lower pay scales than other banks

    Recommends
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Strong organizational culture, focus on constant development.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    Strong emphasis on professional development within positions.

    Cons

    high focus on online training

  6.  

    good

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

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

    Pros

    nice co workers , promoted quickly

    Cons

    low wage few hours you have to get luck to get into good branch

    Recommends
    Approves of CEO
  7.  

    So far so good.

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

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

    Pros

    Good company culture, inclusive and embracing of diversity.

    Cons

    A lot of changes are happening at the moment which can be tough to keep up with but it's meant to make the bank more efficient and customer oriented.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great place to grow

    • 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

    Culture and co-workers are awesome, managers are great. Very supportive in helping you achieve your career goals. Also I like their community involvement.

    Cons

    Pay leaves a lot to be desired. But that is the business world and if I ran my own business, I would consider this strategy myself. No sense in complaining just find a better paying job. Can also be a tad frustrating to apply through HR but I assume this is an issue at every company. Just have to go out and meet the decision makers yourself.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Good company to work for, even with lower salary

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

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

    Pros

    Scotiabank has one of the best workplaces I've been a part of. Management seems actually invested in the growth of their employees, and the people are excellent.

    Cons

    The technology is outdated, and the salary is low relative to other banks. I'm concerned about the increased culture of sales as well- advancement is difficult if you don't want to sell products.

    Advice to ManagementAdvice

    Be more client-focused, less worried about profit margins.

    Recommends
    Positive Outlook
    No opinion of CEO
  10. 5 people found this helpful  

    Scotiabank is not invested in it's people.

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

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

    Pros

    -Good work life balance
    -Multi-cultural - lots of 'fun' events for employees to attend.
    -Nice looking Logo. The color red was a great choice.
    -Great cafeteria

    Cons

    -Lowest compensation/benefits of all the banks

    -They will not pay for your professional development (even if you're in Finance and want to pursue a CPA)

    -They do not support your personal growth. There is no formal mentorship program. There is no leadership development program. It is all lip service.

    -With the new CEO, it is not longer a 'safe' workplace anymore. There have been lots of job cuts.

    -You will not be promoted based on merit. Make sure to buy your boss lots of coffees!

    Advice to ManagementAdvice

    Invest in your people. A fancy memo to employees does not count. Actually support their professional growth...once again, lip service doesn't count.

    The mentorship program is a complete joke. Once again, a fancy memo with photoshop pictures. What does it translate to?

    "Find someone who is more senior than you, ask them for coffee and talk about your career". Once again, you can not call this a mentorship program. That's Networking 1.0. Everyone does it anyways. With or without bank support.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    low wages

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    work life balance, office culture is ok

    Cons

    low wages, outdated systems, lack of leadership

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