Scotiabank Reviews | Glassdoor

Scotiabank Reviews

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Found 2611 reviews

3.4
StarStarStarStarStar
Rating TrendsRating Trends
60%
Recommend to a Friend
64%
Approve of CEO
Scotiabank CEO Brian J. Porter
Brian J. Porter
1000 Ratings
Pros
Cons
More Pros and Cons
  1. "Research Analyst"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Research Analyst 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank full-time for more than 2 years

    Pros

    Great place to work at. Work life balance. Space to be an entrepreneur with your work. Good culture, growth opportunity.

    Cons

    Not much to say on the negative side. Canadian, large, so that means its slightly bureaucratic and slow, but it’s not a major issue.

  2. "Good People"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank full-time for more than 2 years

    Pros

    Culture, Training, Customers, Team, Process

    Cons

    Time Off, Advancement, Security, Retail Focus

  3. Helpful (3)

    "Terrible"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Scotiabank full-time for more than 4 years

    Pros

    Free coffee, good office location

    Cons

    No leadership, bias against Americans

    Advice to Management

    Support the business, invest in people

  4. Helpful (1)

    "Business Analyst"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Scotiabank full-time

    Pros

    structured organization to work for

    Cons

    don't pay as much compare to other major banks

  5. Helpful (6)

    "Scotiabank in the U.S.: Chaotic organization"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Scotiabank full-time for more than 9 years

    Pros

    Some good people, prime location in Manhattan.

    Cons

    It all began with the departure of our former global CEO, Mr. Waugh. The new management took the reigns and turned the place into a disorganized, chaotic organization. People in executive leadership roles come and go, layoffs became a permanent state of life, wave after wave, including people who have devoted their lives to BNS and spent 20-30 years there(!). Changing priorities. Favoritism. To make a career there,...

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  6. Helpful (2)

    "Great place to work, terrible company to leave"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Scotiabank full-time for more than 20 years

    Pros

    Great training, some development opportunities

    Cons

    The worst process for people when is being resigned for any reason... so insensitive

    Advice to Management

    The process of firing and / or resigning people should be reviewed, because is traumatizing

  7. Helpful (2)

    "Attempt to transition into GSIB without the scope and bandwidth"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Scotiabank full-time for more than 9 years

    Pros

    Good exposure to senior management and other teams Good compensation for new hires 401k contribution plus match

    Cons

    New senior management has been hiring a lot of compliance and middle office staff which makes everything close to impossible to approve. Letting go of staff who has been with the bank for a while means the new hires lacks institutional knowledge. Lots turnover in recent years and many are looking to get out so people who stays are often left with taking care of unfinished business.

    Advice to Management

    Respect current employees and stop following/learning from banks that are on the verge of going down. Stop adopting to consultant mentality and manage to long-term success. Periodic horizontal review of current employee salary.

  8. "Regulatory onboarding specialist"

    StarStarStarStarStar
      Current Employee - Anonymous Employee 
      Negative Outlook
      Disapproves of CEO

      I have been working at Scotiabank

      Pros

      Decent benefit package and competitive salary

      Cons

      Client onboarding is being developed, a lot of redundant processes to complete accounts. Immediate need for refined policy and procedures to aid in effective job execution.

      Advice to Management

      Focus on immediate process improvements, minimize the duplicative tasks and templates

    • "Wealth Management Associate"

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee 
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Scotiabank full-time

      Pros

      Training was good. Opportunities to be mentored by senior management.

      Cons

      Not that technologically advanced and could improve culture of working across departments

    • "Scotiabank New York"

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee 
      Recommends
      Neutral Outlook
      Approves of CEO

      I have been working at Scotiabank full-time

      Pros

      Good work life balance, slower paced than US and European banks

      Cons

      Very Toronto centric - all key decisions need to be made at HQ, salaries are lower compared to peers

    Found 2611 reviews