Scotiabank Senior Financial Advisor Reviews | Glassdoor.ca

Scotiabank Senior Financial Advisor Reviews

Updated 23 March, 2019
28 reviews

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Senior Financial Advisor

3.7
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
19 Ratings

Employee Reviews

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Pros
Cons
  • "Long hours - difficult to maintain work life balance" (in 77 reviews)

  • "Can't work full time for CR position" (in 42 reviews)

More Pros and Cons

  1. "Senior Financial Advisor"

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

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

    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 english, people will love you. :)

    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.


  2. "Senior Financial Advisor"

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

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

    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.

  3. "Always been good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Advisor in Williams Lake, BC
    Current Employee - Senior Financial Advisor in Williams Lake, BC
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    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


  4. Helpful (2)

    "Senior Financial Advisor Level 6"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Advisor in Olds, AB
    Current Employee - Senior Financial Advisor in Olds, AB
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Great tools for financial planning and lending, and options for helping customers truly become better off with their finances.

    Cons

    Micro-managed time and excessive volume of calls, meetings, and sales targets. Doesn't seem to care much about the workload of their staff.


  5. "Branch review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Advisor
    Current Employee - Senior Financial Advisor
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Opportunity to grow
    Work as a team
    Helping customers

    Cons

    System is down sometimes

    Advice to Management

    Support your team whenn needed. Treat your team with respect.
    More positive attitude and atmosphere.


  6. "Great training program to set you up for success"

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

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

    Pros

    Good base salary and try to place you close to home

    Cons

    Systems could be improved to combine everything in one place


  7. "Above average"

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

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

    Pros

    The work environment fosters a good team work culture

    Cons

    Long hours and bigger branches are still decorated from the 90s!

  8. "Happy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Advisor in Sarnia, ON
    Current Employee - Senior Financial Advisor in Sarnia, ON
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    There are sales goals, but they aren't extremely difficult to reach, and customers are assigned directly to you.

    Cons

    Some of the branches are opened on Sat.

    Advice to Management

    someone dedicated to shadow with new hires to learn the system would be greatly appreciated.


  9. Helpful (4)

    "Once upon a time a great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Advisor in Vancouver, BC
    Current Employee - Senior Financial Advisor in Vancouver, BC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good co-workers and a very good product suite

    Cons

    Absolutely terrible corporate culture. The focus is utterly on the numbers with no consideration of the human factor. The bank suddenly removed medical benefits for anyone retiring after 2021 so there's people who have worked there 20-30 years who were counting on that but wont get it. If they have a preexisting condition they're out of lucky competely and even if they don't it's VERY expensive. There's tremendous pressure to hit targets and staff go to grey areas to hit them. if you're politically connected you get off, if not you get let go. Also lots of unpaid overtime.

    Advice to Management

    Realize there's a difference between having integrity and talking about it to protect your reputation.


  10. Helpful (2)

    "Micromangement breaks employees. Good employees leave and new trainees are thrown into the fire"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Advisor
    Current Employee - Senior Financial Advisor
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Scotiabank full-time (More than 8 years)

    Pros

    Benefits and share ownership plan

    Cons

    Micromangement and unrealstic goals grind you down

    Advice to Management

    Listen to employees before all good staff leaves