Scotiabank Reviews | Glassdoor

Scotiabank Reviews

Updated July 22, 2017
1,679 reviews

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3.4
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
580 Ratings

1,679 Employee Reviews

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Pros
  • Staff development & good work-life balance (in 142 reviews)

  • friendly work environment,good place to learn,amazing people (in 112 reviews)

Cons
  • unable to strike a good work life balance (in 48 reviews)

  • No centralized process for Co-op students to apply internally for Full time jobs (in 29 reviews)

More Pros and Cons

  1. Helpful (5)

    "Not for hard workers"

    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
    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.


  2. Helpful (5)

    "Worked with sub par people"

    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
    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

  3. Helpful (5)

    "Boring workplace like a senior housing project"

    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

    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!


  4. Helpful (8)

    "The worst career decision"

    StarStarStarStarStar
    • 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


  5. Helpful (1)

    "interviews"

    StarStarStarStarStar
    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


  6. Helpful (2)

    "Not a place for high performers"

    StarStarStarStarStar
    • 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


  7. Helpful (5)

    "an employer you should try to avoid."

    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

    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.

  8. Helpful (13)

    "Stay Away"

    StarStarStarStarStar
    • 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.


  9. Helpful (12)

    "Worst place worked ever"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Programmer Analyst in Toronto, ON (Canada)
    Former Employee - Programmer Analyst in Toronto, ON (Canada)
    Doesn't Recommend
    No opinion of CEO

    Pros

    Good thing about scotiabank: make you think you can work there forever but this is not true. As you need special political skills to hang on to you job

    Cons

    Very bad communications within team. Bad management. Too much politics.

    Advice to Management

    Fire some "Senior Project Leaders" in your IT Division. Also you need to fire some "directors"


  10. Helpful (9)

    "Reality"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - CSO in Toronto, ON (Canada)
    Current Employee - CSO in Toronto, ON (Canada)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    To take whatever experience you've obtained while on the job, then taking those skills elsewhere where you can be properly compensated. It motivates you to save what little money you have to train yourself when your manager doen't want to train you.

    Cons

    The office politics. The backstabbing by both the golden children and managers on the teams. The incompetence. The bullying. The lies, rumours and innuendos if they want to get rid of someone who is actually smart, decent, hardworking and wants to do their job.

    Advice to Management

    Get trained on spotting ass kissers, number one. Second, learn to mix with everyone from every social class, there are too many that are elitist. Third, give hard workers some credibility, the managers are 80% not telling the truth or stealing credit.


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