Scotiabank Reviews | Glassdoor.ca

Scotiabank Reviews

Updated 15 February, 2019
2,556 reviews

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3.4
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
969 Ratings

Employee Reviews

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Pros
Cons
  • "no work life balance, doesnt pay well" (in 75 reviews)

  • "high turnover amongst full-time employee" (in 40 reviews)

More Pros and Cons

  1. "Financial advisor"

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

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

    Pros

    Great work environment
    Proper training before meeting clients

    Cons

    Not too many things i can think of


  2. "Customer Service Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in London, ON
    Former Employee - Customer Service Representative in London, ON
    Recommends
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Great work hours, friendly environment

    Cons

    Need to choose the right branch to work in

  3. "SBA"

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

    I worked at Scotiabank full-time

    Pros

    great place to work and no complains

    Cons

    nothing bad to say


  4. "Scotiabank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Universal Banker in Ottawa, ON
    Current Employee - Universal Banker in Ottawa, ON
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Friendly Staff members at my branch

    Cons

    Stingy about taking time off

    Advice to Management

    Better time off packages


  5. "Good place to work"

    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 Scotiabank full-time

    Pros

    Flexible
    ESOP
    Decent benefits
    Good strategy on Latam

    Cons

    Old tech
    Many family relationships
    Not enough info sharing


  6. "Too fast, too unstable"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Investment in technology is a priority.

    Cons

    Too many layers, very difficult to deliver on customers needs on time leading to frustrating times.

    Advice to Management

    Be focus, be selective, be kind to one another. Please don't become "one more" on Bay Street.


  7. "CSR"

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

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

    Pros

    People's environment. Best place to work in.

    Cons

    no such cons. everything is good.

  8. "Performance Management at Scotiabank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Technical Systems Analyst in Toronto, ON
    Former Employee - Senior Technical Systems Analyst in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    There will ALWAYS be tons of job postings at Scotiabank because of the high turnover and the toxic environment.

    Cons

    Scotiabank's performance management system has the following 3 steps:
    1) Tell the employee they are NOT meeting expectations but NOT give them any specific reasons why.
    2) Immediately, post the employees position in order to find a replacement.
    3) Once a replacement is found, fire the employee.
    No-one in Canada who is mentally competent would want to work in such a toxic environment.

    Advice to Management

    Thousands of books have been written on performance management by experts in the field. Please read at least one of those books and re-build Scotiabank from the ground up.


  9. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time

    Pros

    Opportunities for advancement, competitive benefits

    Cons

    Micromanaging, work life balance isn’t valued


  10. "Managed Accounts"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Manager in Mexico City (Mexico)
    Current Employee - Portfolio Manager in Mexico City (Mexico)
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Scotiabank full-time (More than 5 years)

    Pros

    Decision making up to manager

    Cons

    No growth opportunities, no employee development