What is the company culture like at ScotiaMcleod?

Pros

good compensation if you are on a good team. Everything depends on your team - flexibility, work from home, vacation days, bonus, commission sharing

Cons

no culture of feedback or coaching. Cant grow easily at mcleod unless you want to be an advisor

Advice to Management

start coaching your associates and see where they want to go within the company.

Pros

Large, recognizable parent organization in the form of Scotiabank (though there seems to be little mobility between ScotiaMcLeod and other parts of the bank), high degree of autonomy, free WSJ subscription.

Cons

Shockingly poor management team- largely absent and seemingly more concerned with office politics. Woeful displays of incompetence far below the standards expected at a major financial institution- constant internal entanglements between advisors and managers. Complete lack of training and support for new staff, very little clarity and communication, absolutely no collaboration or teamwork. In short- minimal growth opportunities, subpar pay and zero mentorship opportunities. Be prepared to experience business practices that should have no place in the modern-day workplace let alone a major Canadian bank. Unpaid overtime hours, atrocious displays of nepotism and if you're in the non-Anglophone minority, a healthy dose of casual racism.

Advice to Management

It's probably a good thing ScotiaMcLeod isn't in competition with the Swiss and American banks- the difference in class with these institutions is stratospheric.

Pros

great culture great training and opportunity for growth

Cons

only con for this company would be the poor technology

Pros

Great culture, lots of learning opportunities, you feel valued. There is a huge focus on work life balance which you don't find everywhere.

Cons

Obviously intern pay isn't ideal

Pros

good compensation if you are on a good team. Everything depends on your team - flexibility, work from home, vacation days, bonus, commission sharing

Cons

no culture of feedback or coaching. Cant grow easily at mcleod unless you want to be an advisor

Advice to Management

start coaching your associates and see where they want to go within the company.

Pros

Salary potential is significant; flexibility

Cons

Results driven only; cost minimizing

Pros

- Company's benefits which includes pension; if you stick around for a while you can actually be left with a sizable pension account - Culture

Cons

- Base salaries were quite low so you definitely need to have an Advisor who is willing to pay a good override in order to keep up with living expenses - Technology was so-so, need more investment

Pros

- always fostering learning and motivating employees to expand knowledge base - encourages courses and seminars within team - welcoming team culture - great extended health care benefits - good end of year bonus (you got to put in the honest work ) - reporting management looks out for the team

Cons

- unpredictable workload, some days are super hectic , some days slow. Can lose work life balance at times if not careful