Scotiabank Reviews | Glassdoor

Scotiabank Reviews

Updated June 22, 2017
1,642 reviews

Filter

Filter

Full-time Part-time

1,642 Employee Reviews

Sort: Popular Rating Date

Pros
  • Staff development & good work-life balance (in 138 reviews)

  • Open minded work environment and company culture (in 106 reviews)

Cons
  • unable to strike a good work life balance (in 47 reviews)

  • No centralized process for Co-op students to apply internally for Full time jobs (in 28 reviews)

More Pros and Cons

  1. "Great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Underwriter in Fort Lauderdale, FL
    Former Employee - Senior Underwriter in Fort Lauderdale, FL
    Recommends
    Positive Outlook

    I worked at Scotiabank (More than 8 years)

    Pros

    Great work environment, and plenty scope for upward mobility. Caters to the well being of employees and encourages self development. Pretty decent benefit package inclusive of productivity bonus.

    Cons

    Can be demanding and tilts the work/life balance more often than not in favor of work. No overtime compensation for extra hours.

    Advice to Management

    Be a little more accommodating to employee suggestions as it relates to alternative methods to work processes. Usually the suggestions are directed to facilitate or achieve a better work/life balance. Listen to the person walking the talk. This will auger well for increased loyalty, respect, and productivity.


  2. "MD"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Scotiabank full-time

    Pros

    Good lifestyle and work is somewhat interesting. People are friendly and the location is excellent. Compensation is average and could be better

    Cons

    culture is changing. A career at Scotia has gotten more difficult because of job cuts. Canada is now more in charge of the U.S. than ever and senior management is very conservative

  3. "Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in San Juan, PR
    Former Employee - Director in San Juan, PR
    Recommends
    Positive Outlook

    I worked at Scotiabank full-time (More than 10 years)

    Pros

    Great company for professional development

    Cons

    Not really a downside in this organization.

    Advice to Management

    None


  4. "Loan Officer"

    Star Star Star Star Star
    • 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.


  5. Helpful (1)

    "Trading"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trading in New York, NY
    Current Employee - Trading in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great place to work in Canada.

    Cons

    None, it's a great place to work.

    Advice to Management

    None


  6. Helpful (1)

    "positive and supportive team"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in White Rock, NM
    Former Employee - Customer Service Representative in White Rock, NM
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Scotiabank part-time (Less than a year)

    Pros

    lots to learn each day. provide good support for learning. good oppotunity to move up. team support. positive group. nice co worker

    Cons

    there are multi challenge targets, require commitment. little bonus. computer system still require improvement. communication need to improve between team member

    Advice to Management

    good management team


  7. "Scotiabank"

    Star Star Star Star Star
    • 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.

  8. "Good place to start"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Middle Office in New York, NY
    Current Employee - Middle Office in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good place to start a career. Everyone is nice and willing to help.

    Cons

    Hard to advance, no clear line to promotion.


  9. "Tempt"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Party Associate in Brooklyn, NY
    Former Employee - Party Associate in Brooklyn, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Scotiabank (Less than a year)

    Pros

    Great place to work at.

    Cons

    More time to learn their type of business.


  10. Helpful (1)

    "Solid global bank with great traditions"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank full-time (More than 8 years)

    Pros

    Scotiabank is a solid global bank with 190-year history and good reputation. Many people have worked for 30-40 years here. Low employee departure rate. The Work-life balance is better than at other comparable institutions.

    Cons

    If you work well, your career may stall just because your leaders are happy having you in your role. In Canada, the bank pays less than competitors. In the U.S. - mid-market.

    Advice to Management

    Promote the bank externally, with potential employees and MBA schools. Celebrate employees' achievements and service milestones. Introduce cash reward component with "Best of the Best" and similar awards.


Showing 1,642 of 1,803 reviews
Reset Filters