Scotiabank Reviews | Glassdoor

Scotiabank Reviews

Updated April 22, 2017
581 reviews

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Pros
Cons
  • unable to strike a good work life balance (in 45 reviews)

  • No centralized process for Co-op students to apply internally for Full time jobs (in 27 reviews)

More Pros and Cons

  1. "Excellent work life balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY
    Recommends

    Pros

    Excellent work life balance, Excellent benefits and reasonable hours

    Cons

    Very limited US growth, lower salaries compared to competitors


  2. "Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY
    Recommends
    No opinion of CEO

    Pros

    Excellent Benefits Excellent Benefits Excellent Benefits

    Cons

    Lower salary than the competition

    Advice to Management

    Raise salary!


  3. "Good, solid bank with pleasant atmosphere."

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

    Pros

    The company is in good shape at a time when the financial sector as a whole is in chaos. Offices and branches around the world mean opportunities for working abroad. There is an atmosphere if healthy competition, without much of the eat-rocks-and-crap-fire, alpha-dog stuff you might find elsewhere.

    Cons

    A fair amount of second-guessing; lots of paperwork; some of the same territoriality you will find in any big organization. Office location next to WTC site will be a downer for some (at least until something is finally built there).

    Advice to Management

    Keep being cautious about risk and capital ratios. Maybe cut back a little on the strategic missives couched in wordy corporatese. When I read these, I'm not convinced that the thinking behind them is entirely clear.


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  5. "Scotiabank review"

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

    Pros

    great team
    great work environment
    lots to learn

    Cons

    pay not reflective of the responsibilities
    movement within departments not so easy, need to stay in 1 role for at least 2 years


  6. "Director"

    Star Star Star Star Star
    • 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

    The people. The opportunity. The interesting work.

    Cons

    Need to have a strong network to be promoted and move up.

    Advice to Management

    Look more closely for top performers and tap them for roles they can grow otherwise turnover will be an ongoing issue.


  7. "Service and support officer"

    Star Star Star Star Star
    • 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


  8. "Great Company to Work For"

    Star Star Star Star Star
    • 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!


  9. "Former manager"

    Star Star Star Star Star
    • 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.


  10. "Cool"

    Star Star Star Star Star
    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


  11. Helpful (1)

    "Best Job I Ever Had"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Company culture, free lunches, sabbaticals.

    Cons

    Cubicle environment, can't use social media at work.


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