Scotiabank Reviews | Glassdoor

Scotiabank Reviews

Updated January 17, 2019
2,505 reviews

Filter

Filter


3.3
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
956 Ratings

Employee Reviews

Sort: PopularRatingDate

Pros
Cons
  • "work-life balance could be better" (in 73 reviews)

  • "Can't work full time for CR position" (in 41 reviews)

More Pros and Cons

  1. "Research Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Analyst
    Current Employee - Research Analyst
    Recommends
    Positive Outlook
    Approves of CEO

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

    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. Helpful (1)

    "Business Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion 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

  3. Helpful (3)

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

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

    I worked at Scotiabank full-time (More than 8 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, you need to learn navigate the "underground" currents and be on time to dump those managers who are no longer in favor, and befriend those who are still standing strong. Very sad... The pay is WAY below competition, trust me! In fact, employees leave on their own and ... head to competitors. Scotiabank used to be a solid, respectable bank on the Street. Not any longer. If you are considering employment - go elsewhere.


  4. Helpful (3)

    "no support or accountability at Scotiabank"

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

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

    Pros

    nice co workers, nice offices

    Cons

    no support at the company, employees joke out loud that they get "Scotied" all the time. Meaning they get no support in anything they try to do.

    Advice to Management

    support the workers, upper management has no clue


  5. Helpful (2)

    "Great place to work, terrible company to leave"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Scotiabank full-time (More than 10 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


  6. "Regulatory onboarding specialist"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Negative Outlook
    No opinion of CEO

    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


  7. Helpful (1)

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

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

    I worked at Scotiabank full-time (More than 8 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. "Wealth Management Associate"

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


  9. "Scotiabank New York"

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


  10. "NA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Commercial Account Manager in Ontario, CA
    Former Employee - Commercial Account Manager in Ontario, CA
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Scotiabank is investing in technology.

    Cons

    Scotiabank’s execution to corporate technology is bad in class .

    Advice to Management

    Slow down and measure the quality of changes .