Scotiabank Reviews

Updated July 2, 2015
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645 Employee Reviews

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  1. Great Compensation Package

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

    I worked at Scotiabank (More than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    _Lots of useful banking and financial information
    _Great benefits and staff perks with outside companies (cheaper cineplex movie tickets, etc)

    Cons

    _can be stressful sometimes, but i believe all financial institution are
    _room for improvement for branch space/work space

    Advice to Management

    i don't have any advice to the management of scotiabank


  2. Senior Manager

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

    I worked at Scotiabank full-time

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Good company to start especially for new grads

    Cons

    People move fast comparing to other banks


  3. Helpful (1)

    Personal banking officer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Personal Banking Officer Trainee
    Former Employee - Personal Banking Officer Trainee

    I worked at Scotiabank

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    met some amazing people: colleagues and learned a lot

    Cons

    Everyone is a number, pay is too low

    Advice to Management

    Invest in your people


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  5. Scotiabank a great company

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    - One of the best companies to work
    - Good perks (Medical benefits)

    Cons

    - Back-office are placed in a red zone
    - Too much dependency from Canada
    - Good work cultural influence in process to disappear

    Advice to Management

    Capitalize their awards of great place to work in terms to demostrate a better work environment.


  6. Manager

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

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Top 5 bank in Canada

    Cons

    The other banks pay better


  7. Senior Manager, Trade Floor Risk Management

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

    I worked at Scotiabank full-time

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    You got oppurtunity to get a whole understanding of risk managment, risk reporting and valuation/P&L attribution, which may not be the responsibility of risk at other banks. Also, they encourage job shadowing and opportunity to move internally within the same group.

    Cons

    crappy system, crappy data, little training budget and little opportunity to move up.

    Advice to Management

    In the transitions time under the new CEO.


  8. Helpful (1)

    Financial Advisor

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    It's a great entry level for people looking to get into the finance industry

    Cons

    Structure can be very micro-managing. Of course it depends on the branch that you're working at.

    Advice to Management

    Focus more on motivating employees to work instead of micro-managing. Furthermore, compensate your employees accordingly.


  9. could do with more training

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

    I have been working at Scotiabank part-time

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Relaxed atmosphere in less busy branches

    Cons

    Strict rules in terms of customer service.

    Advice to Management

    Stressed employees make stressed customers


  10. HFO

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

    I have been working at Scotiabank

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good Staff. Flexible Hours. Recommended

    Cons

    Some policies are out of date and make no sense

    Advice to Management

    Keep up the good work


  11. Helpful (1)

    Capital Markets

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

    I worked at Scotiabank full-time

    Recommends
    Recommends

    Pros

    It is a great place to get started in Capital Markets in Canada.
    Can get as much responsibility as you want as it is a very flat organization.

    Cons

    Lack of greater vision or direction - competitors seem to know better what they want and why.
    Longer hours is the norm in this industry.



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