Scotiabank Senior Financial Advisor Reviews

Pros

very relaxed environment to work in

Cons

service goals are a little high

Pros

involved in the community, working in a team, dealing with people on day to day basis can be very rewarding.

Cons

a lot of paper work, compares to top banks technology and systems still need a lot of wok, big focus on sales goals, high sales goals. Can be very stressful job, environment every unstable, high turnover

Advice to Management

Focus on career development. Increase pay as job/role very demanding.

Pros

Easy to proceed further in career if you can meet your targets.

Cons

Very inefficient training programs for financial advisor jobs.

Advice to Management

Please improve your training programs.

Pros

Bonuses are considerable based on role and seniority It's extremely international so languages are useful

Cons

The pension plans are changing, like in most companies

Advice to Management

Retirement benefits should be improved

Pros

Can move anywhere in the country Good Employees

Cons

Office Politics Unrealistic Goals They do not promote from within Leadership Courses have more than a year of waiting list

Advice to Management

Identify Emerging Leaders and ensure they are nurtured appropriately

Pros

Good teams to work with. Good coaching. Growth environment.

Cons

High demand to achieve goals week over week.

Advice to Management

Better compensation structure which can lock bonuses into quarters that focus on all activities.

Pros

Great pay for sure. Makes it hard for me to leave Scotiabank and explore other banks. I'm fortunate to still be part of the Hybrid Pension plan with DB and DC. New Hires are now just purely DC. They know how to give recognition who deserves it and worthy of promoting. I'm the living proof that as long as you are highly knowledgeable with what you do and you have good communication skills, meaning good in oral and written...

Cons

Scotiabank keeps hiring people who lacks proper english communication skills. I often get clients complaining to me about their experience with a different financial advisor because of their poor communication skills.

Advice to Management

Recruitment Team should up their game, and hire better candidates based on situational cases. They keep hiring trashy financial advisors.

Pros

Flexible, rewarding, appreciated, moved up quickly, achievements are acknowledged

Cons

Behind the times, technology in the stone age,

Advice to Management

Be more team oriented in sales approach