Scotiabank Reviews | Glassdoor.ca

Scotiabank Reviews

Updated 23 May, 2017
1,592 reviews

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Full-time Part-time

3.3
Star Star Star Star Star
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Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
539 Ratings

1,592 Employee Reviews

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Pros
Cons
  • unable to strike a good work life balance (in 47 reviews)

  • No centralized process for Co-op students to apply internally for Full time jobs (in 27 reviews)

More Pros and Cons

  1. "Good organization, difficult times"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager in Toronto, ON
    Former Employee - Senior Manager in Toronto, ON
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Scotiabank full-time (More than 3 years)

    Pros

    - Large organization with many opportunities in Canada and internationally
    - A lot of smart and experienced people to work with and learn from
    - Defined benefit pension plan (now not as good as before)
    - Employees Stock Purchase Plan
    - Free / discounted banking services and products

    Cons

    - Opportunities for promotion become more a more scarce as you move up the ladder
    - Salary and bonus a bit lower than some of the other big banks in Canada
    - Lots of reporting and other requirements that distracts from more interesting and at times more value added activities (not specific to Scotiabank only - nature of industry / regulatory driven)
    - The bank is going through a big restructuring that has been dragging and hurting employees morale

    Advice to Management

    Make the changes you need to make and move - with a more confident and less distracted organization and employees


  2. "Challenging position as Home Financing Advisor."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Home Financing Advisor in Toronto, ON
    Former Employee - Home Financing Advisor in Toronto, ON
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Scotiabank full-time (More than a year)

    Pros

    Very autonomous position with lots of flexibility. Direct manager involved in resolving issues when occur. Open minded work environment and company culture.

    Cons

    Not enough competitive compared to other major banks in regards to mortgage products offered to clients. Hard to get clients approved for a mortgage due to too restrictive company's guidelines and requirements.

    Advice to Management

    Review range of products offered to clients and the conditions to become eligible to a mortgage.


  3. "Great environment and culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Documentation Specialist in Mississauga, ON
    Current Employee - Documentation Specialist in Mississauga, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank full-time

    Pros

    Very friendly and helpful colleagues, supportive managers. Plenty of encouragement to move with in the company to grow

    Cons

    The bank could increase compensation for some roles.


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  5. "Corporate Banking Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Toronto, ON
    Former Employee - Anonymous Employee in Toronto, ON
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Scotiabank full-time (Less than a year)

    Pros

    The other analysts are great and make it enjoyable
    It is a great learning opportunity.

    Cons

    The hours can be long and may have to work some weekends
    The work can be repetitious


  6. "CSR Position"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Ottawa, ON
    Current Employee - Customer Service Representative in Ottawa, ON
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Scotiabank part-time (Less than a year)

    Pros

    -great experience for students
    -easy job
    -rewarding
    -great team atmosphere

    Cons

    -some customers can be rude
    -expectations differ b/w branches

    Advice to Management

    -Keep it up!


  7. "Financial Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Brampton, ON
    Current Employee - Financial Advisor in Brampton, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank full-time (Less than a year)

    Pros

    Great place to work and a place to learn

    Cons

    no Cons.I don't see any cons.

    Advice to Management

    Great management, supportive.


  8. "Good"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Toronto, ON
    Current Employee - Customer Service Representative in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank part-time (More than a year)

    Pros

    Permanent part-time qualifies for pension, benefits, and paid vacation and paid personal obligation days.

    Cons

    Wages are not competitive with other big banks in Canada.


  9. "I have enjoyed working since i've started"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Hamilton, ON
    Current Employee - Customer Service Representative in Hamilton, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank part-time (More than 3 years)

    Pros

    Clean, keeps you busy, people oriented, if you work well with others its perfect. Its like an open door to other career paths.

    Cons

    The job can be repetitive as you are doing the same transactions over and over again with people everyday of the week.

    Advice to Management

    Build your team up and emphasize on their strengths, give constructive criticism whenever possible to ensure everyone is on the same page doing their best.


  10. "Accounting assistant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Midtown Toronto, ON
    Current Employee - Anonymous Employee in Midtown Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great place to work, great team

    Cons

    not any, i love being surrounded by people who love to move on to the next challenge

    Advice to Management

    it is a well managed company, we strive for excellence in every action


  11. Helpful (2)

    "Lots of Job Cuts"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Accounting Clerk in Mississauga, ON
    Former Employee - Senior Accounting Clerk in Mississauga, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Scotiabank part-time (More than 10 years)

    Pros

    - benefits
    - paid sick/vacation
    - decent pay

    Cons

    - job security decreasing by the day
    - senior management not recognizing the workloads of their staff
    - high stress
    - unrealistic demands


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