Scotiabank Employee Reviews about "culture"
77% would recommend to a friend
(1205 total reviews)
81% approve of CEO
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Top Review Highlights by Sentiment
Excerpts from user reviews, not authored by Glassdoor
- "Good benefit for medical and dental" (in 702 reviews)
- "People are great and helpful" (in 551 reviews)
- "Social Work and Work Life Balance is good" (in 401 reviews)
- "Team and culture is good" (in 338 reviews)
- "Well structured IT teams gives great avenue for IT professionals to explore and diversify their career." (in 226 reviews)
- "the basic salary is low and stressful" (in 357 reviews)
- "low pay and increase are low" (in 349 reviews)
- "poor management and just a mediocre company to work for" (in 322 reviews)
- "Stressful environment with no training whatsoever" (in 137 reviews)
- "long hours and lots of weekends/overtime to finish deals that isn't compensated or recognized." (in 106 reviews)
Ratings by Demographics
This rating reflects the overall rating of Scotiabank and is not affected by filters.
Found 1,205 of over 11K reviews
Updated Nov 30, 2023
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Reviews about "culture"Return to all Reviews
- 3.0May 4, 2014Retail Banking OfficerFormer Contractor, more than 1 yearToronto, ON
The culture of the place is very friendly so its easy to work along with team or coworkers. The corporate culture is great and its a 'fun' place to work. ALot of opportunities for growth.
The salary is not as high as competitors. The standard of customer service and training is not as high as others.
- 1.0Feb 17, 2016Small Business AdvisorFormer EmployeeVancouver, BC
Most ordinary colleagues, excluding management, are helpful and supportive.
Unrealistic sales goals without any account for a strength of your local market. Very old-school management systems. Fear-driven culture where asking questions or raising concerns about soundness of some decisions is extremely frowned upon. Orders are imposed from the top and executed mindlessly throughout the chain. No constructive discussion is possible. Everybody is afraid to speak up. Poor job security for advisors, call centre and mid office. High stress. High turnover. Your success is entirely dependent on your superior. Extremely poor infrastructure. Inefficient workflows. Customers are not the priority. Very stingy on the incentives. $150 bonus to the top credit card seller in a quarter sounds like an insult. Too many lies are floating around.11
- 4.0May 26, 2010Personal Banking OfficerCurrent EmployeeAbbotsford, BC
Scotiabank has a great corporate culture and it can be a 'fun' place to work. There are also lots of opportunities to further your education and advance your career.
The base salary is low and there is little opportunity for pay increases unless you change your position. As well, pay raises barely keep up with inflation.
- 5.0Sept 15, 2022Anonymous InternCurrent Intern, less than 1 year
The culture at Scotiabank values your opinion and makes you feel like you're part of a team
I've had a great internship experience at the organization
- 3.0Feb 24, 2023Investment Banking AnalystCurrent EmployeeToronto, ON
Benefits - mentor and mentee programs
Occasional experiences of toxic work culture (nonstop late night work assignments; no bend towards innovation). Minimal gender, age and ethic diversity — M&A is white and male. Strong biased towards hiring young (age-wise) and male candidates in M&A - strong contrast to RBCCM.
- 3.0May 19, 2015Anonymous EmployeeFormer Employee
Good if you like the status quo.
The department I was in had a lot of people who were not motivated and had been in their job too long. This definitely had a negative impact on employees who wanted to contribute and look for solutions in a new way. I think the culture varies from department to department but my experience wasn't great.1
- 3.0Jun 18, 2016Relationship ManagerFormer EmployeeBridgetown
This is a good place to work. Good opportunities to grow and learn about new cultures as it is Canada's most international bank. Management spends a lot on staff training and rewards.
Policies are not straight forward, company shifts employees around particularly as it is global. Some of those employees may not be suitable for the new location.1
- 2.0Nov 9, 2017Project ManagerCurrent Employee, more than 1 yearToronto, ON
Pay is okay, benefits are decent and vacation time is competitive
Very bad culture across the board and hard to get things done in that kind of environment1
- 4.0Dec 19, 2020Financial AdvisorCurrent Employee
They took care of their employees during the pandemic and provided additional pay and benefits. Good company culture depending on the branch and they focus on putting the customer first.
Systems are old and processes are difficult. Deficiencies can come back months later when you don't have the paperwork anymore. They ask you to do 20 different things for a variety of metrics.1