Banque Nationale du Canada/National Bank of Canada Reviews | Glassdoor.ca

Banque Nationale du Canada/National Bank of Canada Reviews

Updated 14 December, 2018
546 reviews

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4.0
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Banque Nationale du Canada/National Bank of Canada President, CEO, and Director Louis Vachon
Louis Vachon
282 Ratings

Employee Reviews

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Pros
  • "Competitive total salary package, good work-life balance, great colleagues, ability to work from home" (in 24 reviews)

  • "Le salaire et les avantages sociaux sont excellents" (in 46 reviews)

Cons
  • "s excluives, beaucoup de bureaucratie , beaucoup de mauvaise promesse et langue de bois , beaucoup de politique" (in 6 reviews)

  • "Les conditions de travail peuvent diff" (in 9 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (2)

    "Great pay, culture and opportunities for growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Corporate Banking Associate in Toronto, ON
    Current Employee - Corporate Banking Associate in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Banque Nationale du Canada/National Bank of Canada full-time (More than a year)

    Pros

    Best pay on the street by far. Not even close to the other Big banks. The compensation info on here is very misleading. Corporate banking analysts make about $150k all-in and corporate banking associates make over $200k. National is one of the big 6 "too big to fail" banks in Canada so you're involved in the biggest capital market transactions. Being the smallest of the big 6, national isnt plagued by beaurocracy the way the other big banks are. Teams are also a lot leaner so juniors are given way bigger responsibilities than at the other banks. People learn very fast here. The bank's teams are really rolling right now and have snatched some of the best talent on the street. Very intelligent, polished juniors and very experienced, connected seniors. Very hungry culture. Management is very approachable.

    Cons

    National is the biggest in Quebec and has all the biggest clients in that market. Although super successful on Bay street, sometimes it feels like the Quebec success stories overshadow all the huge wins in Toronto. Toronto could use more recognition from senior management. Not sure if Quebec is paid as good as Toronto but they definitely seem to get more pats on the back.

    Corporate Banking hours are about 55-60 per week. This is more than the other big banks.

    Advice to Management

    Noticed a ton of changes over the last few years. At least half of the changes have drastically improved efficiency and day to day in corporate banking. When a new change is implemented don't be afraid to implement as beta or testing period. First release will rarely be perfect. Don't be afraid of admitting oversights slows down the pace of improvements.


  2. "Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Advisor
    Current Employee - Advisor
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Banque Nationale du Canada/National Bank of Canada full-time (More than 3 years)

    Pros

    Great environment, support from managers and peers, great feedback and recognition, employees feel valued.

    Cons

    Not prepared for turnover too many vacant posts puts stress on other team members to pick up extra tasks making the workload heavy.

  3. "Depends on your advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Banque Nationale du Canada/National Bank of Canada full-time

    Pros

    No Overtime,
    Clean Working Environment,
    Do not have much politics going on
    no Sales Target

    Cons

    Based pay is low and your bonus is entirely decided by the Advisor


  4. "Customer service representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I have been working at Banque Nationale du Canada/National Bank of Canada part-time

    Pros

    Great team environment, flexible with school schedule

    Cons

    High turnover, cut hours


  5. "Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Montreal, QC
    Former Employee - Project Manager in Montreal, QC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Banque Nationale du Canada/National Bank of Canada full-time (More than 5 years)

    Pros

    Good benefits and job security. Good leadership from the C-suit. Good HR policies that protect employees. Lot of opportunities to progress.

    Cons

    Salaries a bit below market in general.

    Advice to Management

    None.


  6. "Dynamic environment but management sits high on their throne"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Specialist in Montreal, QC
    Current Employee - IT Specialist in Montreal, QC
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at Banque Nationale du Canada/National Bank of Canada full-time (More than 5 years)

    Pros

    Dynamic people
    Remote work culture
    Flexible hours

    Cons

    Managers turnaround is heavy
    Lots of outsourcing, IT Senior specialists are fleeing or becoming secretaries.

    Advice to Management

    Stop outsourcing to the far end of the Earth. Outsourcing to IBM India was a financial disaster. Now Oracle...will cost you more. Ata in Bangkok ???


  7. Helpful (2)

    "Market Risk Senior Analyst"

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

    Pros

    Good family and work balance.

    Cons

    Not a nice company culture.

  8. "Senior advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Advisor in Montreal, QC
    Current Employee - Senior Advisor in Montreal, QC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Banque Nationale du Canada/National Bank of Canada full-time (More than 5 years)

    Pros

    True application of collaboration, empowerment and respect values. These are not only words in annual reports but part of NBC’s DNA

    Cons

    Environment (space, remote and on-site work schedules) is still in implementation, so some challenges still to resolve.

    Advice to Management

    Great to work at NBC!


  9. "HR advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources Specialist in Montreal, QC
    Current Employee - Human Resources Specialist in Montreal, QC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Banque Nationale du Canada/National Bank of Canada full-time (More than a year)

    Pros

    Leadership has at its heart the employee experience and and is focus on change.
    Innovative for a financial company.
    Great salaray and benefits.
    Very high and promoted/celebrated internal mobility.
    Client focus and aiming for long-term relationships

    Cons

    Large compagny thus slow to change with a lot of politics.
    Cultural evolution unequal between sectors (micro culture)
    Coming from a conservative background


  10. "Great experience but could have been better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Montreal, QC
    Former Employee - Anonymous Employee in Montreal, QC
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Banque Nationale du Canada/National Bank of Canada full-time (More than 3 years)

    Pros

    Great benefits and vacation package. Made great friends there. Learned a lot. This experience helped me get a much better job... elsewhere.

    Cons

    Much slow career path. Quite low salary. There could be rush periods without management explaining the context. Structure is pyramidal - like most big companies - making it hard being heard.

    Advice to Management

    Management should empower more their employees and avoid micro-management. The bank should also concretely encourage employees build a career within the company instead of being surprised when they leave :)