Scotiabank Reviews | Glassdoor

Scotiabank Reviews

Updated May 24, 2017
1,593 reviews

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Full-time Part-time

1,593 Employee Reviews

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Pros
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 27 reviews)

More Pros and Cons

  1. "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


  2. Helpful (13)

    "Stay Away"

    Star Star Star Star Star
    • 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.


  3. Helpful (11)

    "various"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    Pros

    Since you are constantly shifted from one position to another you learn from several areas within the financial institution.

    Cons

    Some of the department heads made decisions without considering their staff. Pay not commensurate to workload and responsibilities.

    Advice to Management

    Be Emphatic, considerate and listen to the needs of your employees. A Happy and Satisfied employee will constantly exceed goals. No family-work balance. Review salaries.


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  5. "SERVICE 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
    Neutral Outlook

    Pros

    Pay for performance and the benefits are great

    Cons

    No comments at the moment

    Advice to Management

    no comments at the moment


  6. "Great place to work at"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Excellent research projects and responsibilities given to interns

    Cons

    Would be better to have more social events for interns to meet upper management


  7. "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!


  8. Helpful (1)

    "cash management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    fair benefits, great environment to work

    Cons

    systems are real bad and old


  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. "Sales and Trading Summer Analyst"

    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

    Pros

    Very chill group. Hours were great -- 7 till 5. Not too much difficult work and very consistent day to day

    Cons

    Kind of boring program. Don't really get to push yourself. No formal training of any kind. Also was for the entire summer whereas most programs run only 10 weeks. Pay was weak

    Advice to Management

    Create a structured training program for summer hires at the beginning of the summer. This would let the interns hit the ground running.


  11. Helpful (5)

    "an employer you should try to avoid."

    Star Star Star Star Star
    • 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.


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