Scotiabank Reviews

Updated 12 September, 2014
Updated 12 September, 2014
510 Reviews
3.5
510 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
65 Ratings

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks (in 66 reviews)

  • Relax work environment, great people and a stable company (in 22 reviews)


Cons
  • The pay is not competitive and there aren't full time positions on the teller line, even few part time (in 8 reviews)

  • Low salary; if you pay peanuts you get monkeys (in 8 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    Work/life balance. Great hours and support from management

    Cons

    Lower pay scales than other banks

    Recommends
  2.  

    Overall satisfactory

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

    I have been working at Scotiabank full-time for more than a year

    Pros

    In general, people are treating each other with respect. Same as other big institutions, there can be a lot of internal job opportunities - depending on individual's experience, skills and educational level. Many employees have faith in the bank's international footprint.

    Cons

    Pay is below average, in particular at non-managerial levels. There has been increasingly more push for sales in various departments, even roles that are traditionally not sales oriented.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Strong organizational culture, focus on constant development.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    Strong emphasis on professional development within positions.

    Cons

    high focus on online training

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  5.  

    good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative  in  Calgary, AB
    Current Employee - Customer Service Representative in Calgary, AB

    I have been working at Scotiabank part-time for less than a year

    Pros

    nice co workers , promoted quickly

    Cons

    low wage few hours you have to get luck to get into good branch

    Recommends
    Approves of CEO
  6.  

    So far so good.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banking Officer  in  Whitecourt, AB
    Current Employee - Personal Banking Officer in Whitecourt, AB

    I have been working at Scotiabank full-time for less than a year

    Pros

    Good company culture, inclusive and embracing of diversity.

    Cons

    A lot of changes are happening at the moment which can be tough to keep up with but it's meant to make the bank more efficient and customer oriented.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    A lot of stress for a part-time job

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    Use your problem problem skills

    Cons

    Excessive amounts of responsibilities but little loyalty to staff.

    Advice to ManagementAdvice

    Train supervisors on the service side more thouroughly in team building and positive problem solving. The deatiled oriented customer service rep. may NOT always make a great supervisor.

  8.  

    Advancement

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    Plenty of on-line courses to take

    Cons

    Managers have no knowledge on what courses would be beneficial for advancement

  9.  

    Lacking competences - international banking

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    Good to work for if you are the type of workers who are lay back

    Cons

    Promote people who are talkative but not necessarily can do good work. Too many people lacking the competences but at high level. Too many VPs and directors!! Can you imagine one director reporting to another and one VP reporting to another VP! What the bank need is more people with technical competences at the lower lever doing the job!! There's lots of internal posting but all if not all are created for friends or relatives or family members!!

    Advice to ManagementAdvice

    Hire people who are competence and not just able to speak Spanish!

  10. 1 person found this helpful  

    Scotiabank International

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

    I worked at Scotiabank full-time for more than 3 years

    Pros

    Good work life balance. Good flexibility in terms of work. Relatively stable in terms of maintaining your job

    Cons

    Not clear direction, definition of strategy. Salary and benefits are below their main competitors.

    Advice to ManagementAdvice

    More involvement on what countries do and work on

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    low wages

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    work life balance, office culture is ok

    Cons

    low wages, outdated systems, lack of leadership

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