Dismissed for trying to negotiate regarding the salary offer - Anonymous employee Scotiabank Employee Review

1.0
Mar 29, 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I can think of none.

Cons

1. Scotiabank does not reimburse you for hundreds of dollars in travel expenses incurred to come to the interviews. 2. They do not make even a small contribution to the expense of moving from a distant city. 3. They offer you a slightly lower salary than what they mention in the interview. 4. When you try to negotiate regarding the salary, they do not respond, but rather they make an offer to another candidate. So, Scotiabank offers the same position to two (or more) different candidates, a dishonest practice. 5. After making an offer, Scotiabank can come back to you later and say that the offer is rescinded, no discussion permitted, and that the position has been given to someone else. Whether or not you have already made plans to relocate or to quit your job or turned down other opportunities does not matter to Scotiabank. 6. Scotiabank does not offer pharmacy insurance to employees in the first year, even though the Ontario provincial insurance plan does not cover prescription medications, and it is standard in Ontario for a business, particularly a huge one like Scotiabank, to offer pharmacy insurance. 7. The salary that Scotiabank offers is well below market rates and those of its competitors. 8. Scotiabank's Human Resources bureaucracy seems to bungle things: for example, I received a notification that I had not been selected for a position weeks after I was selected for that position.

Explore other reviews about Scotiabank

5.0
Dec 8, 2025
Recommend
CEO approval
Business outlook

Pros

Incredible learning opportunity if you take lots of initiative

Cons

Limited deal flow compared to larger banks

2.0
Jun 5, 2026
Recommend
CEO approval
Business outlook

Pros

A couple of smart people who are kind and open to mentoring. Hours not bad given no deal flow in US.

Cons

Top heavy management. Culture values heavy politicking. Low bonuses.

See reviews by: Helpful|Rating|Date|All