Scotiabank

www.scotiabank.com

Scotiabank Reviews

Updated 21 January, 2015
Updated 21 January, 2015
577 Reviews
3.4
577 Reviews
Rating Trends

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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
93 Ratings

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks (in 80 reviews)

  • weekly team meetings which encourages a team-oriented work environment (in 30 reviews)


Cons
  • Was recruited with a promise of improved work life balance - this hasn't materialized (in 6 reviews)

  • Some office politics but nothing unlike other work places (in 9 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Senior Business Analyst

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

    I worked at Scotiabank

    Pros

    Good working hours and supportive staff

    Cons

    Opportunities are not provided fairly

    Doesn't Recommend
    Negative Outlook
  2. 1 person found this helpful  

    It has a nice corporate environment.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    very good people, nice managers, flexible times

    Cons

    low salary.
    I could fire 30% of the company and no one would realize.

  3.  

    Great Canadian Chartered Bank to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Banking Advisor in Vancouver, BC
    Current Employee - Business Banking Advisor in Vancouver, BC

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

    Pros

    Realistic goals
    Great staff
    Less re-structuring than most chartered Banks

    Cons

    Benefits package recently renegotiated and considered poor by most staff
    Salaries reported to be competetive, however this is doubted

    Advice to ManagementAdvice

    Listen to employee feedback with regard to profit-sharing and benefits

    Recommends
    Neutral Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Great growth opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Toronto, ON
    Current Employee - Financial Advisor in Toronto, ON

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

    Pros

    Great culture and training program

    Cons

    Goals and targets increase every year

    Recommends
    Positive Outlook
  6.  

    Company review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager in Toronto, ON
    Former Employee - Manager in Toronto, ON

    I worked at Scotiabank full-time (more than 3 years)

    Pros

    Collegial environment, great work-life balance and strong risk culture, and global reach which contributes to a well run bank that should have great forward progress opportunities.

    Cons

    Opportunities above are difficult to seek out. Questionable hiring and promotion practices with internal candidates and there is no meritocracy, whereby the collegial or family environment works against you when others get ahead for working less hard.

    - Compensation well below peers
    - Technology renowned on the street for being utter rubbish
    - Short-term thinking in terms of strategy (many times it feels like management is seeking to meet analyst expectations and not making a long-term game plan).

    Advice to ManagementAdvice

    - More transparency with employees
    - improve compensation
    - Actively seek to assist those who are ambitious about advancing their careers and pursuing all opportunities and assist in areas where they have no control. Make the bank a meritocracy by explicitly saying that it is and put into practice.
    - Ignore analyst expectations (not completely) so that you can run the bank on your own terms.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Difficult to advance

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

    I worked at Scotiabank

    Pros

    Easy work, good people, counting

    Cons

    Corporate cult - culture, hard to advance career

    Advice to ManagementAdvice

    Ensure current employees receive opportunities before new hires.

    Doesn't Recommend
    Neutral Outlook
  8.  

    Decent company. Must be more competitive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in Toronto, ON
    Current Employee - Business Analyst in Toronto, ON

    I have been working at Scotiabank full-time (more than an year)

    Pros

    Working at a bank gives a lot of flexibility since you can basically work at any other banks. Scotia's pay is decent dependent on position but they need to be more competitive in salary and benefits to compete with the other top banks. There are always opportunities to jump around.

    Cons

    Staying within team will have slow growth development, so it's not exactly rewarding for staying within Scotia. Positions to move up is dependent whether your upper positions move.

    Recommends
    Negative Outlook
    No opinion of CEO
  9.  

    Ok

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

    I worked at Scotiabank

    Pros

    Fun team to work with, good manager

    Cons

    was a contract employee, contract was not renewed

  10.  

    Past experience

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    Good people. Friendly generally to work with.

    Cons

    Some advancement in technology would make them that much more competitive.

    Advice to ManagementAdvice

    Invest in technology

  11.  

    Great for career development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in Toronto, ON
    Current Employee - Project Manager in Toronto, ON

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

    Pros

    Strong management culture - supportive to new employees. Many opportunities to contribute to significant corporate initiatives.

    Cons

    Approach to innovation is conservative.

    Positive Outlook

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