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Scotiabank

Engaged Employer

Scotiabank

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Scotiabank Employee Reviews about "people"

3.9

77% would recommend to a friend

(1256 total reviews)

President and CEO	 Scott Thomson

Scott Thomson

81% approve of CEO

Ratings by category

4.2

Diversity and Inclusion

3.9

Culture and Values

3.8

Career Opportunities

3.7

Work/Life Balance

3.7

Compensation and Benefits

3.6

Senior Management

Ratings distribution

5 stars

28%

4 stars

35%

3 stars

23%

2 stars

8%

1 star

6%

What people are saying about Scotiabank

Finance

11 days ago

works at 

Scotiabank

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

4

3 Comments

Finance

641.7K Members 

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Top Review Highlights by Sentiment

Excerpts from user reviews, not authored by Glassdoor

Pros
  • "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)
Cons
  • "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

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Found 1,256 of over 11K reviews

Updated Nov 30, 2023

Reviews about "people"

Return to all Reviews
1256
    1. 4.0
      Mar 3, 2015
      Anonymous Employee
      Current Employee, more than 10 years
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work-life balance and opportunities for people who has been trained in another country and have experience with multi-cultural markets.

      Cons

      Commuting is one of the main reasons as I wish to re-locate to a job closer to my house, school, etc.

      1. 5.0
        Feb 21, 2013
        Business Analyst
        Former Employee, more than 1 year
        Toronto, ON
        Recommend
        CEO Approval
        Business Outlook

        Pros

        Relaxed work place. Good location. Helpful managers Networking events that encourage employees to meet people and discuss various career advancement options within the banks.

        Cons

        Salary could have been higher for the kind of role I was working on.

      2. Join the Scotiabank team
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        1. 3.0
          Jul 5, 2021
          Director
          Former Employee, more than 10 years
          Toronto, ON
          Recommend
          CEO Approval
          Business Outlook

          Pros

          There are some awesome people working across the Bank that are great to work with. The pay is good and so are the benefits. The Bank is also doing great things in the community, especially during the pandemic.

          Cons

          Some executives operate much like a high school popularity hierarchy spreading gossip about other people and creating a culture of competition, fear, and distrust. People are promoted to leadership positions with little to no leadership competencies resulting in many toxic hotspots across the organization. Toxic bosses are valued because they get results. Executives say they care about mental health yet pile on work and increase expectations while not considering the pandemic, working from home and family-life. Many people are feeling burnt out and morale is low as they are letting people go all across the Bank. Many colleagues who have worked for other FIs say Scotia is the worst for work/life balance. People are over capacity and still being asked to stretch themselves. While they've made some good strides in advancing more Women to higher level roles (VP+), most of these Women are White and there is hardly any representation of diverse backgrounds on the Executive team or Board with the majority being White Straight Cis Men.

          3
          1. 3.0
            Nov 9, 2018
            Anonymous Employee
            Former Employee
            Recommend
            CEO Approval
            Business Outlook

            Pros

            Some very driven and smart people trying to make a difference for both clients and the bank itself.

            Cons

            Should increase focus on improving quality of earnings by calibrating global businesses.

            1. 5.0
              Nov 22, 2022
              Media Department
              Current Contractor, more than 3 years
              Toronto, ON
              Recommend
              CEO Approval
              Business Outlook

              Pros

              - Very thoughtful and kind employees who care about the people more than the work and the deadlines - Opportunity for growth, this company is very forward-thinking and future-oriented - Work from home is allowed

              Cons

              - Slow to give raises or promotions. You really have to stick your neck out and make a lot of noise if you want to make any moves.

              1. 3.0
                Feb 3, 2019
                Financial Advisor
                Former Employee, more than 3 years
                Toronto, ON
                Recommend
                CEO Approval
                Business Outlook

                Pros

                There are some wonderful people working at Scotiabank and the retail branches were great to work at.

                Cons

                The goals were raised to unreachable levels, support staff were laid off, you don’t have enough time in the day to sell everything expected and do the paperwork so you must stay at least an hour extra unpaid daily just to get your work done. With goals being so high, some people will cheat to achieve them and sign people up for things unknowingly or give them products other than what they asked for. This makes it look like the honest employees don’t work hard enough.

                2
                1. 3.0
                  Oct 10, 2023
                  Financial Advisor
                  Current Employee, more than 1 year
                  Toronto, ON
                  Recommend
                  CEO Approval
                  Business Outlook

                  Pros

                  Good work place. People inside the bank are very helpful and the FA program helps to escalate faster.

                  Cons

                  No work life balance at all. Too much work pressure and salary is very poor.

                  1. 4.0
                    Apr 6, 2021
                    Developer
                    Current Employee, more than 1 year
                    Toronto, ON
                    Recommend
                    CEO Approval
                    Business Outlook

                    Pros

                    My experience with Scotiabank has been really good. People are friendly, Very Communicative Managers. Very Flexible work environment.

                    Cons

                    I feel people can be a little bit more innovative and aggressive towards performance of the project. A very non-us type work culture, I worked in US as a contractor for 2 years, things will always be eccentric and aggressive.

                    1. 3.0
                      Mar 1, 2021
                      Anonymous Employee
                      Former Employee, more than 10 years
                      Recommend
                      CEO Approval
                      Business Outlook

                      Pros

                      The people are amazing and there are many positions available if you are very flexible. Pay is good

                      Cons

                      Difficult to keep low level staff with hours available and work expected. Hard to maintain 2 p/t jobs but no f/t positions available at lower levels

                      1. 4.0
                        Dec 31, 2020
                        Senior Manager
                        Current Employee
                        Calgary, AB
                        Recommend
                        CEO Approval
                        Business Outlook

                        Pros

                        Overall one of the better top 5 banks in Canada. Lots of talent pool here

                        Cons

                        Unfair behaviour amongst the team Current group lead has no people skills and takes credit for his team and never recognizes anyone

                      Viewing 1 - 10 of 1,256 Reviews
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                      Was told by an company I was interviewing with I would hear back from them the first week of December. The last time we spoke was before Thanksgiving, as I'm trying to respect their decision-making process. Should I reach out again now that we're closer to the date?

                      3
                      1 Comment

                      EY

                      When negotiating salary over the phone, can you mention that you know what the salary is for the position you're applying for? E.g. I know people at the company I'm interviewing for in the exact level that I would be in who are making about 15k more than what I am expecting to be offered. Can I say, "I know Managers at this firm make xyz so I would like to be close to that number"

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                      Clerk

                      This is a Post-Intervew question, and I realize this is as individual as getting a haircut or fixing a cup of coffee. I had an interview with a medical office Wensday and I think it went pretty well. No, big hiccups on my end aside from getting tougne tied for a minute. I felt as though I had a good vibe with the interviewer. How do you after action an interview? (The reason I'm asking is I've been job hunting for near on 3 years now and I'm pretty frustrated with the situation.)

                      3
                      6 Comments

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