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Scotiabank Employee Reviews about "team"

Updated Dec 3, 2023

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Found 9,320 of over 11K reviews
3.9
76% Recommend to a Friend
Scotiabank President and CEO	 Scott Thomson
80% Approve of CEO

Found 1,075 of over 11K reviews

3.9
76%
Recommend to a Friend
80%
Approve of CEO
Scotiabank President and CEO	 Scott Thomson
Scott Thomson
465 Ratings

What people are saying about Scotiabank

Finance

14 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

646.7K 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 706 reviews)
  • "People are great and helpful(in 532 reviews)
  • "Social Work and Work Life Balance is good(in 388 reviews)
  • "Team and culture is good(in 344 reviews)
  • "Well structured IT teams gives great avenue for IT professionals to explore and diversify their career.(in 220 reviews)
Cons
  • "low pay and increase are low(in 354 reviews)
  • "the basic salary is low and stressful(in 346 reviews)
  • "poor management and just a mediocre company to work for(in 332 reviews)
  • "Stressful environment with no training whatsoever(in 131 reviews)
  • "long hours and lots of weekends/overtime to finish deals that isn't compensated or recognized.(in 113 reviews)

Ratings by Demographics

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Reviews about "team"

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1075
    1. 4.0
      Jul 25, 2022
      Financial Advisor
      Former Employee, more than 8 years
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great organization to work for, a company that provides such high quality products and services, technology and vision. Provided your direct leader is reasonable.

      Cons

      Such unrealistic goals and pressure tactics sometimes used by upper and middle management towards the front line team members. I can only hope there's been change.

      1. 4.0
        Aug 17, 2019
        Technical Project Coordinator
        Former Contractor, less than 1 year
        Toronto, ON
        Recommend
        CEO Approval
        Business Outlook

        Pros

        Well structured IT teams gives great avenue for IT professionals to explore and diversify their career.

        Cons

        Nothing special to point out in this place. As any other workplace you may come across not so good Managers.

      2. Join the Scotiabank team
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        1. 4.0
          Dec 4, 2016
          Anonymous Employee
          Current Employee
          Recommend
          CEO Approval
          Business Outlook

          Pros

          I'm lucky to be working in a branch with a really motivated team and good bosses.

          Cons

          The company is going through a transition and that sometimes makes for seemingly odd campaigns.

          1. 5.0
            Sept 15, 2022
            Anonymous Intern
            Current Intern, less than 1 year
            Recommend
            CEO Approval
            Business Outlook

            Pros

            The culture at Scotiabank values your opinion and makes you feel like you're part of a team

            Cons

            I've had a great internship experience at the organization

            1. 1.0
              Jun 18, 2021
              Customer Care Advisor
              Current Employee, more than 1 year
              Scarborough, ON
              Recommend
              CEO Approval
              Business Outlook

              Pros

              -You get 3 weeks paid vacation -The medical benefits are pretty good.

              Cons

              I'm going to make this as objective as possible. I'm not sure what aspect of this job is the worst but overall, it's pretty terrible from top to bottom. The salaries are so low it's pathetic. The recruiter that hired me was gracious enough to start my wage at 19.74/h and after a year of employment, I got a raise of 7 cents per hour. It isn't just customer service reps that don't get paid well, it's everybody underneath directors. When I say everybody, I mean literally everybody. Analysts clear a little under $1500 bi-weekly, HR recruiters make roughly 60-63k/year and that's an entry level position that commands years of experience and a high level of education to get into. For reference, the person that hired me has a masters degree in HR, has almost 4 years of recruiting experience and makes 60,995/year. Any HR position available in the government, big pharma, or the tech industry pays a 60% premium on these roles. Unless you get into IT at Scotia, just don't bother. The wages are terrible. Getting promoted is exceedingly difficult. If you're unlucky enough to get hired in the contact centre, management will move you around, keep your wage the same and give you more responsibility. This phrase is said so often it's just a cliché but it's true: 'it's not what you know it's who you know'. The end game is extracting the most amount of work from people while keeping the costs as low as possible. Scotiabank is the Nike factory of banks. Customer service, revolving credit, consultant roles (essentially supervisors), loans department and collections are all outsourced roles spread across Colombia, Mexico, and the Dominican Republic. Management...I don't even seriously know where to start. There are roughly 9 managers on the floor at the campus I work out of and 2 of them are good, helpful people. The rest micromanage their teams to the point where staff is just discouraged and have crippled morale. How many times per week can a person be spoken to about how many literal seconds they were in aftercall work prior to taking their break? This is the reality of working at scotiabank in the capacity I work in as a customer service rep; right now, I'm supposed to be working but I called in sick. I hate everything about my job. I don't have a single colleague that likes their job here, and I've only spoken to one person that is satisfied in their current role who also coincidentally told me that 'it's not what you know, it's who you know'. I had the pleasure of speaking to him while I was reversing an NSF fee he was charged. If you can avoid Scotia, then do so. Actually, if you can avoid working any entry level position in any bank, then avoid it. They're all trash. When I say 'entry level' I mean anything from business analyst, HR recruiter, but ESPECIALLY customer service.

              1
              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

                1. 1.0
                  Jan 31, 2022
                  Collateral Analyst/Officer
                  Current Employee, more than 1 year
                  Toronto, ON
                  Recommend
                  CEO Approval
                  Business Outlook

                  Pros

                  Learn softwares, get exposure to the collateral and bank processes

                  Cons

                  Toxic managers who literally put you down and curse at you. Upper level management does not care about staff complaints. Managers in the collateral team are liars and do not look out for the best in their colleagues. They only care about themselves. Many long dedicated workers are underpaid compared to new hires. Managers have favourites - people who are similar to them.

                  2
                  1. 2.0
                    Feb 9, 2022
                    Financial Advisor
                    Former Employee, more than 3 years
                    Toronto, ON
                    Recommend
                    CEO Approval
                    Business Outlook

                    Pros

                    My team was awesome and probably the only reason i stayed as long as i did.

                    Cons

                    Executives do not care about branches, branches will stop career growth to benefit themselves giving false information during interviews.

                    2
                    1. 5.0
                      May 16, 2018
                      Anonymous Intern
                      Former Intern, less than 1 year
                      Toronto, ON
                      Recommend
                      CEO Approval
                      Business Outlook

                      Pros

                      Team was supportive and stepped up to develop my skills when I stepped up asking for more complex projects.

                      Cons

                      Nothing to note. Had a really positive experience.

                      1. 4.0
                        Feb 17, 2021
                        Analyst
                        Former Intern, less than 1 year
                        Toronto, ON
                        Recommend
                        CEO Approval
                        Business Outlook

                        Pros

                        Had good hours working in conjunction with the financial markets. The team was also very welcoming and more than happy to help/answer any questions.

                        Cons

                        Not much room to grow within the division and lacks the ability to move laterally into other areas of the bank.

                      Viewing 1 - 10 of 1,075 Reviews
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