Scotiabank Reviews | Glassdoor

Scotiabank Reviews

Updated February 28, 2017
139 reviews

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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
53 Ratings

139 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. Helpful (13)

    "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.


  2. "General Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Operational Management and Strategies Development in San Juan, PR
    Former Contractor - Operational Management and Strategies Development in San Juan, PR
    Doesn't Recommend
    Negative Outlook

    I worked at Scotiabank as a contractor (More than 3 years)

    Pros

    Good Strategic Planning based on Balance Scorecard system.

    Cons

    Poor execution because matrix type of organizational structure.

    Advice to Management

    Concentrate in Profit and improve controls and compliance.


  3. Helpful (5)

    "an employer you should try to avoid."

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

    Pros

    Absolutely none. Please refer to the Cons

    Cons

    All is negative. Senior management doesn't have any management skills, salary is one third of my current compensation. Placement is wrong acceptance is totally wrong. It's a joke in my life. Goodbye permanently.


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  5. Helpful (2)

    "Not a place for high performers"

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

    Pros

    Good place for those who don't want to work hard

    Cons

    Pay below average; not a high performing culture


  6. Helpful (1)

    "interviews"

    Star Star Star Star Star
    Current Employee - Sales in Port St Lucie, FL
    Current Employee - Sales in Port St Lucie, FL

    I have been working at Scotiabank part-time

    Pros

    No room for administrative jobs or advancement

    Cons

    more beneficial thing to offer employees plus cheaper benefits

    Advice to Management

    Needs to come up with more jobs that benefit people


  7. Helpful (8)

    "The worst career decision"

    Star Star Star Star Star
    • Culture & Values
    • Career Opportunities
    • 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

    Work life balance is ok

    Cons

    Work life balance (you pay will be significantly less than market)
    It's too laid back here
    The company does not cross train employees
    Managers do not offer promotions
    Systems are antiquated
    Information is not shared with other groups
    There will be no one to train you and at the end of the year it will be held against you (because that makes sense)
    The bank is insanely cheap
    TAG is terrible responding to requests
    Knowledge and hard work does not translate to a better salary or bonus
    If you try to move to a different role your manager will block you
    If you come here negotiate as high as you can on both salary and title


  8. Helpful (5)

    "Boring workplace like a senior housing project"

    Star Star Star Star Star
    • 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

    work life balance is often cited. This is about the only thing worth mentioning..

    Cons

    Company values: keep your job security by not working or taking initiatives.
    Office culture: do not reward people who go out of their ways to help others

    Advice to Management

    An example of follower-culture that takes no risks in doing anything. Better re-start!


  9. Helpful (5)

    "Worked with sub par people"

    Star Star Star Star Star
    • 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
    Positive Outlook
    Disapproves of CEO

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

    Pros

    There really are no pros

    Cons

    Low salary; if you pay peanuts you get monkeys

    Advice to Management

    Commit suicide


  10. Helpful (5)

    "Not for hard workers"

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

    Pros

    None (atleast in IT dept)

    Cons

    Several. Unqualified people holding senior position

    Advice to Management

    Its down the drain anyway.


  11. "People working because scared"

    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
    Disapproves of CEO

    I have been working at Scotiabank full-time (More than 10 years)

    Pros

    it is a job you can drive your car to, or take the bus to, or take the train to

    Cons

    - upper management are insane dictators who yell at staff and talk to you while typing on phone (don't make eye-contact unless they think you are important)
    - your time going to the bathroom and lunch will be monitored
    - if you're a BA but know someone you can manage software development at BNS
    - my co-worker announced she is pregnant then month later laid off for no cause
    - bosses yell at employees in front of team
    - there is strain of insecurity and unethical bahaviour running through this company, a reflection of upper management
    - culture of performance fake because high performers with high salaries let go and weak performers with low salaries kept

    Advice to Management

    If your goal was to create a culture of fear and misery then you have succeeded. There is no joy in this mudville. No passion for the company, no motivation to be great only to kiss the right butt and desperately hold on to job. Great job Porter - you've turned a potential #2 bank into a #3 or #4



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