Scotiabank Reviews

Updated 24 August, 2014
Updated 24 August, 2014
500 Reviews

3.5
500 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
61 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.  

    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
  2.  

    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
  3.  

    Great place to grow

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

    I have been working at Scotiabank

    Pros

    Culture and co-workers are awesome, managers are great. Very supportive in helping you achieve your career goals. Also I like their community involvement.

    Cons

    Pay leaves a lot to be desired. But that is the business world and if I ran my own business, I would consider this strategy myself. No sense in complaining just find a better paying job. Can also be a tad frustrating to apply through HR but I assume this is an issue at every company. Just have to go out and meet the decision makers yourself.

    Recommends
    Positive Outlook
    Approves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5. 1 person found this helpful  

    Friendly environment, Normal people, Not super geeks that can make you afraid of IT, Compensation is fine

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

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

    Pros

    Friendly, Enjoyable, Good learning experience

    Cons

    Sometimes deadlines may come very frequent and you wont have time, Compensation is like all other banks

    Advice to ManagementAdvice

    Thank your for giving me a chance to prove myself

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Analyst

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

    I worked at Scotiabank full-time for more than a year

    Pros

    Good colleagues, good communication, nice work environment

    Cons

    Low pay, salary, benefits, vacation pay

    Advice to ManagementAdvice

    Should be more professional

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

    Good company to work for, even with lower salary

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

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

    Pros

    Scotiabank has one of the best workplaces I've been a part of. Management seems actually invested in the growth of their employees, and the people are excellent.

    Cons

    The technology is outdated, and the salary is low relative to other banks. I'm concerned about the increased culture of sales as well- advancement is difficult if you don't want to sell products.

    Advice to ManagementAdvice

    Be more client-focused, less worried about profit margins.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Great culture, long growth curve

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    The office culture is great with a lot of initiatives to keep you engaged

    Cons

    salary
    growth in career is a bit slow

    Advice to ManagementAdvice

    Need more than yearly PDP's to mentor staff

    Recommends
  9.  

    Not a bad place to work

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

    I have been working at Scotiabank full-time for more than 3 years

    Pros

    Work life-balance is valued, people are more down to earth and it is less cliquey that other Banks. Seems to be quite a bit of opportunity to move around between business lines.

    Cons

    Company is currently undergoing a lot of change, which brings uncertainty. Expense control is always a top priority which results in pretty lean amenities and "corporate comforts". Previously generous benefits were brought down to slightly below market.

    Advice to ManagementAdvice

    Invest in the company's infrastructure and employees - training, training, training, training.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    International banking finance accounting policies

    • 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 for more than 3 years

    Pros

    Can't think of anything that's worth commenting. Overall not a great experience

    Cons

    Lack of leadership, lots of politics and gossip. Hire people who are friends and family of executives or employees (senior).

    Advice to ManagementAdvice

    Clearly define roles and responsibility

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    great people but poor compensation

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

    I have been working at Scotiabank full-time

    Pros

    people are generally friendly and supportive, and it is growing significanlty in Latin America.

    Cons

    Poor compensation and benefits; management puts harsh rules on minimum required time for each role

    Advice to ManagementAdvice

    It is hard to find a people manager who has a genuine interest in employee's career development. Harsh rule of minimum required time at each role has been imposed by senior management on their lower level employees and this rule impedes talent development and negatively affects employees' morale. Therefore, it is imperative for Scotiabank to assess the style of people manager and make them role model for their employees.

    Recommends
    Positive Outlook
    No opinion of CEO

    Scotiabank Response

    Aug 27, 2014Social Media Manager

    Thank you for your review. We want you to know your feedback is very valuable to us. The link below is from our public website and it details Scotiabank’s commitment to developing Leadership & also ... More

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