Scotiabank Reviews | Glassdoor

Scotiabank Reviews

Updated December 13, 2017
736 reviews

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736 Employee Reviews

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Pros
  • The culture is great and provides really great work life balance (in 153 reviews)

  • good work environment in toronto (in 127 reviews)

Cons
  • unable to strike a good work life balance (in 55 reviews)

  • No performance assessment for full time (in 31 reviews)

More Pros and Cons

  1. "Service and support officer"

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

    Pros

    Great benefits for persons with a family

    Cons

    Work life balance is needed for clerical jobs


  2. "Director"

    StarStarStarStarStar
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Director in Maple, MO
    Current Employee - Director in Maple, MO
    Recommends

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

    Pros

    Great Career opportunities, excellent organization, and the best part is the people that will work with you

    Cons

    Nothing comes to mind at this point

  3. "Great place to work"

    StarStarStarStarStar
    • 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.


  4. "Great Company to Work For"

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

    I worked at Scotiabank full-time

    Pros

    Great company to work for overall. So many wonderful people to help support you in your career. Lots of opportunities to network.

    Cons

    Scotiabank is a very large company and can seem intimidating to initially work for. Things can take longer to be completed because of the size of the company.

    Advice to Management

    Keep supporting your employees, Scotiabank is a great company to work for!


  5. "Former manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Scotiabank full-time

    Pros

    Potential to rise up through the company very quickly if you work hard and have a supportive manager.

    Corporate culture is less competitive and cut-throat compared to the other banks. People work together to achieve goals.

    Starting to have a stronger focus on IT, so lots of potential for job seekers with IT background.

    Cons

    Pay is lower, compared to the other major Canadian banks.

    Having worked in three different divisions, your experience varies greatly depending on which area of the bank you work in. Very little consistency working between the divisions gives the impression that the company is not united.

    Company is also going through a lot of change (eliminating many top executives) and the environment is that your team could easily be moved or eliminated at any time.

    Advice to Management

    Scotiabank needs to put a heightened focus on their HR functions in terms of recruitment and retainment of good employees. Specifically, focus on more talent management with employees below the director level. Directors have too much control and discretion to manage their teams and direct reports the way they want. Employees looking for opportunities to advance can be limited if they report to director who is not supportive of their career or does not want to let them go. This means younger employees who have strong potential to be leaders in the company are instead leaving to work for the competition. This is already becoming a problem, as many of the company's long-term employees (aka "Scotiabank lifers") are now retiring or being forced to retire, and there will not be enough talent to fill those positions who have a strong background of understanding the bank's history and operations.


  6. "Cool"

    StarStarStarStarStar
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Scotiabank as an intern

    Pros

    Workers were firendly and work wasn't difficullt

    Cons

    Job was too repetitive. Not much to do outside job


  7. Helpful (1)

    "positive and supportive team"

    StarStarStarStarStar
    • 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

  8. "Good place to start"

    StarStarStarStarStar
    • 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. "VP - Business Deposits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President & Senior Manager in Houston, TX
    Former Employee - Vice President & Senior Manager in Houston, TX
    Approves of CEO

    I worked at Scotiabank (More than 3 years)

    Pros

    World Class Bank with large International presence

    Cons

    Declining US in the US market


  10. "SUPPORT ANALYST"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Support Analyst in New York, NY
    Current Intern - Support Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank as an intern (Less than a year)

    Pros

    Team members are really nice to fresh people. They can give you chance to show yourself.

    Cons

    Not too much pressure, i think it's not good for new guys.

    Advice to Management

    Reinforcing career development.


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