Scotiabank Reviews | Glassdoor

Scotiabank Reviews

Updated September 19, 2017
533 reviews

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3.0
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
136 Ratings

533 Employee Reviews

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Pros
  • Great team-- really hard working and cared about work life balance (in 146 reviews)

  • Very professional work environment & collegial atmosphere (in 116 reviews)

Cons
  • unable to strike a good work life balance (in 53 reviews)

  • No centralized process for Co-op students to apply internally for Full time jobs (in 30 reviews)

More Pros and Cons

  1. "Scotiabank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time

    Pros

    Big Bank with lots of job opportunities

    Cons

    Old technology and slow pace


  2. "Good for the short term"

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

    I worked at Scotiabank as a contractor

    Pros

    easy responsibilities, nothing to take home, easy to learn, good if you just need money. it is not stressful.

    Cons

    constantly changing environment and restructuring

    Advice to Management

    Stop firing half your staff and get a heart

  3. Helpful (1)

    "Finacial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Ontario, CA
    Current Employee - Financial Advisor in Ontario, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great people, lots of opportunity for those willing to work. Banking hours are always nice (Although changing for the worse everyday)

    Cons

    Unrealistic expectations, There are metrics for absolutely EVERYTHING and the change from year to year so success one year may not equal success the next.


  4. "Banking Intern"

    StarStarStarStarStar
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Scotiabank as an intern

    Pros

    Received a lot of personal attention as the only intern in the group. Got to work on real projects that were delivered to senior level managers.

    Cons

    No formal internship program. Some days there was nothing for me to do even after asking for responsibilities.


  5. Helpful (11)

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

    StarStarStarStarStar
    • 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.


  6. "General"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in New York, NY
    Current Employee - Managing Director in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great people to work with at Scotiabank. Some niche capabilities to skill sets to offer a unique learning experience to employees.

    Cons

    Slow to react to changing market dynamics. Reluctant to invest in new capabilities to achieve desired growth. Lacks conviction when new business models are attempted and gives up too early.

    Advice to Management

    Take some risks to find new profitable business lines to achieve desired growth. Bring in new talent that can expand product offerings and value added. Give initiatives time to pay-off before returning to old way of operating.


  7. Helpful (13)

    "Positive business outlook though job uncertainty among employees"

    StarStarStarStarStar
    • 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. "SERVICE OFFICER"

    StarStarStarStarStar
    • 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


  9. "Loan Officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Officer in Saint Thomas, VI
    Former Employee - Loan Officer in Saint Thomas, VI

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

    Pros

    I had the opportunity to work with some very talented, intelligent, ethical individuals.

    Cons

    The bank tends to promote based on number of years employed rather than on qualifications and talent.

    Advice to Management

    Look at employees qualification rather than the number of years on the job when determining promotions.


  10. "Scotiabank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Whitehouse Station, NJ
    Former Employee - Anonymous Employee in Whitehouse Station, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Scotiabank (More than 10 years)

    Pros

    Opportunity to interact with various departments/products, performance focused environment, NY location, employee benefits

    Cons

    bottom line driven, quickly changing environment.


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