Scotiabank Employee Reviews about "hour"
77% would recommend to a friend
(666 total reviews)
81% approve of CEO
Found 666 of over 11K reviews
Updated Nov 30, 2023
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What people are saying about Scotiabank
11 days ago
Hello everyone!! Hope you’re all doing great! I need some advice on how to get an associate or any analyst role in Asset management/PE/HF/IB. I am 23 I work as a financial advisor at Scotiabank besides that I am also studying BBA in finance and about to graduate in April 2024. I plan to do my Masters in finance either in US or Canada after I graduate and then apply for jobs, would that be a better idea to stand out ?are there any suggestions to leave retail banking and get into corporate roles
The Work-Life Bowl
8 months ago
Hi guys I really need your help! I been working as a fraud analyst @ CIBC for the last 3 months, prior to that I was working as a fraud analyst @ scotiabank. Currently my shift at CIBC is really messed up, I really just want to work a Monday - Friday 9-5 job. Does anyone have any advice on what field I should enter with my current experience? I have a bachelors of Commer degree as well, technology management major.
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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.
Reviews about "hour"Return to all Reviews
- 1.0Jan 9, 2019SBAFormer Employee, more than 10 yearsBurlington, ON
Loved the customers... truly miss them. Not many pros other then great customers that are getting ripped off with fees.
Scotiabank pretends to care about the customer.... They only care about the bottom line. They treat staff like slaves and have pushed out most of the more experienced staff hiring young kids and call them advisors. I get better advice from my garbage man. They have taken away the work life balance and make advisors work 80% of the extended hours shifts. I left Scotia to go to a company that actually treats staff and customers amazing. They really need a new CEO and not one the snipes out all his competition and squeezes all employees to fatten up his wallet.4
- 1.0Jul 17, 2016DirectorCurrent Employee, more than 10 yearsToronto, ON
A job to pay bills. Average benefits but at least benefits. Accessible with car or transit. No banking fee which helps right.
Too many politics. A DIRECTOR or VP will sacrifice you when they screw up and those types screw up a lot. We saw lots of Senior Mgrs and Managers fired because of the mistakes of their bosses. Salaries and benefits below average and there is a reason Scotiabank no longer in the Canada's Most Admired list. Long hours in IT and other depts so really you're making like 10 dollars an hour. Lots of Directors and VPs with poor, old skills. They just know how to talk in mtgs and go for coffee with other upper mgmt. Never spend money on training, promotion still about who you know, not what you know. Director and VP will never support you if doing soon takes courage. All the good people already left. Just 3 types now: 1. young people out of school, 2. Old people couldn't get a job anywhere else and 3. People sending out their resumes18
- 2.0Feb 5, 2012Personal Banking OfficerFormer Employee
My job as a Personal Banker was helping people set up basic banking things like accounts, visas, lines of credit, some mortgages. Interesting at times and interacting with clients could be fun. Good work hours - my branch was 8am-4.30pm M-F but some branches have long Thursdays and Saturday hours which I would not have liked. Nice co-workers.
Low, low pay. I was making $38,950 which is OK and competitive with other banks but not other fields of work. TONS of paperwork for every little thing. Management was inconsistent - managers weren't hired because of their management abilities but because it is the next step in career progress after Financial Advisors - so 1 manager was awesome, approachable, friendly, and another was mean, belittling, and would micromanage the hell out of us. I was encouraged to downplay the good, basic accounts like regular chequing or No-Fee Visas and focus on "upselling" more expensive banking products even to people who didnt need them.
- 3.0Aug 21, 2018Anonymous EmployeeCurrent Employee
Get to partake in a variety of work.
Very long hours during annual reporting and semi reporting periods (up to 12 hours every day at least)1
- 4.0Dec 5, 2017Anonymous EmployeeCurrent Employee
- Benefits are a huge plus and the wages are quite competitive as well - All computer programs required for work are really easy to use - A lot of really fun work functions - Working hours are quite short so you can have a nice balance between work and personal activities - HR services are excellent and offer a lot of support/knowledge - Management offers a lot of support (for the most part at least)
- Sometimes managers will throw their own staff under the bus and humiliate them in front of other coworkers and even customers - In some cases there isn't a lot of consistency when it comes to policy adherence. Some branches will bend to their managers wants and needs and staff won't be publicly respected by said manager unless you suck up to them - Sometimes managers will make the rules up as they go and won't follow the key guidelines and principles of the company. Anytime a staff member doesn't follow certain made-up rules they are once again publicly humiliated in front of other staff and sometimes even customers. - For the most part, management is very professional and respects everyone; but not all the time. In some cases managers will be very unprofessional even when customers are in the branch. For example they will be eating at their desk in full sight of customers, yell and laugh loudly or even make a personal phone call where everyone can hear them.1
- 4.0Jun 22, 2017Anonymous EmployeeFormer Employee, more than 3 years
- colleagues are always willing to help and collaborate - Able to network quite extensively across branches and district as managers and employees move around often and there are large events - performance is ranked so you can become a "celebrity" or closest thing to it if you perform well, everyone wants to meet you, knows of you etc - lots of knowledge and training learnt A LOT about personal finance and mortgages/investing - knowledge that is practical despite career path - Well oiled machine always a department or unit to call for help and everyone knows their role and how to get things done
- long hours and lots of weekends/overtime to finish deals that isn't compensated or recognized. manager only sees results not effort and OT to get it done - easy to get pigeon holed in retail sector and not given corporate opportunities - lots of advancement in branch but not throughout company - pressure to perform and deliver every single day, no grace period or slowing down as soon as one deal closes management expects another - downsizing meant more responsibility lots of smaller administrative tasks and unnecessary jobs passed on to advisors taking time away from more pressing matters and frustrations expecting to be and do everything
- 5.0May 26, 2020Credit AnalystFormer Contractor, less than 1 yearCalgary, AB
There are a lot of pros like a good working environment/salary/ flexible working hours etc.
Nothing I could think of
- 4.0Aug 11, 2019Summer AnalystFormer Intern, less than 1 yearNew York, NY
The people I worked with during my 10-week internship period were amazing and I really appreciated the flat company structure, we were encouraged to reach out across the organization in order to network and I even had a C-level executive offer to review my internship presentation. My back-office position had a very good work-life balance and I felt challenged but never overwhelmed or overworked. The compensation was very good at over $30/hour but no relocation bonus/assistance was offered. The office location is superb and very accessible by public transit, and the subsidized cafeteria had great food.
The New York Agency is in high-growth mode and therefore very disorganized. This was the first year the company has really grown its intern program and it showed. During the interview process I was shuffled around onto a different team than I originally thought I was applying for; I was dismayed to learn several weeks later that my preferred team had asked for interns but was denied by management. There was also a lack of intern-specific events, the company hosted a couple luncheons with internal speakers but any other event was at the discretion of the department we found ourselves in. My experience was overall positive but I felt that it was too heavily reliant upon my coworkers going above and beyond rather than enabled through HR/higher-ups.2