Scotiabank Reviews | Glassdoor

Scotiabank Reviews

Updated February 18, 2017
1,440 reviews

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Full-time Part-time

3.4
Star Star Star Star Star
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Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
456 Ratings

1,440 Employee Reviews

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Pros
Cons
  • unable to strike a good work life balance (in 40 reviews)

  • Hard to get full time permanent position - usually hire contract first (in 24 reviews)

More Pros and Cons

  1. "Associate Director"

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

    I worked at Scotiabank full-time

    Pros

    Colleagues had a great attitude and there were many development opportunities

    Cons

    There was no set structure to retain high-caliber talent


  2. Helpful (10)

    "Bright future for this bank, soured by poor culture."

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

    I have been working at Scotiabank full-time (More than a year)

    Pros

    Strong change program, taking the right steps to transform legacy business. It has a good global footprint, lots of international opportunity.

    Cons

    Culture is tough, the system at scotia is not welcoming to newcomers. Very process oriented, most people have worked there their whole lives.

    Advice to Management

    Encourage and reward fresh thinking.


  3. "Service and support officer"

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

    Pros

    Great benefits for persons with a family

    Cons

    Work life balance is needed for clerical jobs


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


  5. Helpful (12)

    "Stay Away"

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

    I have been working at Scotiabank full-time

    Pros

    - working with some folks that care (in Canada)
    - being able to bounce ideas off colleagues in Canada
    - massive responsibilities
    - a paycheck

    Cons

    - upper management not open to critique or ideas for enhancement
    - upper management blames its own employees for its failures
    - constant reorganizations and laying off of employees (no transparency and no explanations from management)
    - technology needs improvement
    - employee morale low (due to job uncertainty)
    - responsibilities significantly broadened - far beyond what I signed on to (and yet no extra compensation)
    - favortism
    - hours and expectation to work weekends
    - backlash for asking questions and being thorough
    -contract employees are extremely important and not treated as members of the team

    Advice to Management

    Get rid of management that you know is no good. Its disgusting at this point. You have knowledgable employees that are more competent than supervisors.


  6. "Director"

    Star Star Star Star Star
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Director in Maple, MO
    Current Employee - Director in Maple, MO
    Recommends

    I have been working at Scotiabank (More than a year)

    Pros

    Great Career opportunities, excellent organization, and the best part is the people that will work with you

    Cons

    Nothing comes to mind at this point


  7. Helpful (13)

    "Positive business outlook though job uncertainty among employees"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Woodbridge, York, SC
    Current Employee - Manager in Woodbridge, York, SC
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Scotiabank (More than a year)

    Pros

    -Flexible work schedule and work from home option in most of the departments
    -Competitive benefits within the industry
    -Approachable senior management in some business areas

    Cons

    -Difficult career progression and movement within the company due to the re-structure process that they are going through.
    -Uncertainty due to structural changes that create hostile work environments.

    Advice to Management

    The changes should be communicated better among the employees to avoid gossips that affect the morale of the employees.


  8. "BNS NY"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook

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

    Pros

    Great work life balance and great people to work with.

    Cons

    Needs some systems upgrades, excel reliant.


  9. Helpful (11)

    "various"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Since you are constantly shifted from one position to another you learn from several areas within the financial institution.

    Cons

    Some of the department heads made decisions without considering their staff. Pay not commensurate to workload and responsibilities.

    Advice to Management

    Be Emphatic, considerate and listen to the needs of your employees. A Happy and Satisfied employee will constantly exceed goals. No family-work balance. Review salaries.


  10. "Support Officer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Mount Vernon, NY
    Former Employee - Anonymous Employee in Mount Vernon, NY
    Recommends
    Approves of CEO

    I worked at Scotiabank (More than 10 years)

    Pros

    Good benefits and salary.
    Scope for advancement.
    Good management team.
    A good place to work.

    Cons

    A lot of work.
    Not much work-life balance due to the volume of work.

    Advice to Management

    Allow staff to practise more work-life balance.


  11. "SERVICE OFFICER"

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

    Pros

    Pay for performance and the benefits are great

    Cons

    No comments at the moment

    Advice to Management

    no comments at the moment



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