Scotiabank Reviews | Glassdoor

Scotiabank Reviews

Updated April 19, 2017
1,549 reviews

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Full-time Part-time

1,549 Employee 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. "Wonderful"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Manager Human Resources in Christiansted, VI
    Former Employee - Assistant Manager Human Resources in Christiansted, VI
    Recommends
    Approves of CEO

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

    Pros

    Team Oriented, successful, integrity, Training and Development, and more.

    Cons

    Not competitive enough to help employees drive successful sales results.

    Advice to Management

    Be more competitive. It will help to drive great sales results. Employees will be more motivated to reach out for the business.


  2. "It is a great place to enter the banking industry, if you would like to make it a career."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Banking Officer in Saint Thomas, VI
    Current Employee - Personal Banking Officer in Saint Thomas, VI
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    Wonderful people to work with;very family oriented. Everyone makes you feel comfortable when you're new to a branch.

    Cons

    The compensation could be better, and changes in the workplace should be relayed to the staff in a reasonable amount of time.

    Advice to Management

    Practice what you preach!


  3. Helpful (1)

    "I've worked 3 years at Scotiabank"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good work life balance. Great clients to work with. Excellent peers and internal staff to work with. Really just enjoyable day in and day out.

    Cons

    Downsizing in the US. Company has no interest in the US and is fading away fast. Last two years have been spent worrying about when the company is pulling out of the US.

    Advice to Management

    It's time to stop repeating the bank is Canadian's most International Bank. Besides Canada and Mexico the bank is sporadically located.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    "Happy I did it, but would never do it again."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Some of the individuals within the bank are extremely intelligent, and they give access to upper management. Similarly, they have international rotational opportunities.

    Cons

    Culture is extremely cutthroat in investment banking and their is no sense of teamwork. Virtually no access to upper management as was once praised.

    Advice to Management

    Take time to train Jrs.


  6. "Stable employment, balanced career advancement and life"

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

    I have been working at Scotiabank full-time (More than 5 years)

    Pros

    No high stress typical in other wall street banks.
    management recognizes personal contributions.
    Stable employment, from prudent hiring and no-waste cost management.

    Cons

    Dated IT systems.
    Risk control is too stringent to grow business.

    Advice to Management

    Invest in profit generating infrastructures.


  7. "One big pro, several cons, look elsewhere"

    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
    Doesn't Recommend
    Positive Outlook

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

    Pros

    - The work life balance is unreal
    -Relaxed environment

    Cons

    -Pay is definitely not competitive with the market, raises are joke
    -You notice people do not get promoted, lateral moves are very rare and management sometimes prevents these moves
    -Technology is horrible, systems are antiquated
    -Sometimes too relaxed an environment
    -Lack of cross training
    -Lots of office politics
    -Functions and departments keep getting move back to Canada


  8. "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


  9. "good life work balance"

    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

    Pros

    Very good work life balance. Usually 8~5 working hour. People are nice and easy to get alone with. location is good.

    Cons

    not good IT system. 3 level bank. The management level people think their target is number 3 in any area (not like other bank wants to be number one!)

    Advice to Management

    No too much I can say about it. Please keep the work and life balance, that's what attract people here!


  10. "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!


  11. "Avoid if you can"

    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
    Doesn't Recommend
    Disapproves of CEO

    Pros

    - Work life balance
    - Low stress
    - Capital markets are the only area in the bank that's being invested in, however the business is stifled (see cons)

    Cons

    - Pay below market
    - Outdated managerial practices
    - Conservative approach to doing business
    - Uncompetitive vs. US banks
    - US Corporate bank in decline
    - Low employee morale

    Advice to Management

    Comp fairly.



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