Scotiabank Reviews

Updated 22 September 2014
Updated 22 September 2014
513 Reviews
3.4
513 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
66 Ratings

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks (in 66 reviews)

  • Relax work environment, great people and a stable company (in 22 reviews)


Cons
  • The pay is not competitive and there aren't full time positions on the teller line, even few part time (in 8 reviews)

  • Low salary; if you pay peanuts you get monkeys (in 8 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Customer Service

    Former Employee - Customer Service Officer
    Former Employee - Customer Service Officer

    I worked at Scotiabank full-time for more than 5 years

    Pros

    Good training, both on the job and off the job.
    Decent benefits, including medical and vacation benefits.
    Flexible work arrangement which helps employees cope-up special circumstances at the family front, including child care etc.
    Recognition for merit and good chances for career progression.

    Cons

    Somewhat outdated information systems, although it is not a big deal.
    Average salary structure compared to other employers both in the banking and non-banking world.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Responsible for import and export Letter of Credits, standby Letter of credits and Collections

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Letter of Credit Officer  in  Vancouver, BC (Canada)
    Former Employee - Letter of Credit Officer in Vancouver, BC (Canada)

    I worked at Scotiabank full-time for more than 10 years

    Pros

    Work-life balance, one team one goal.

    Cons

    Lack of advancement and learning.

    Advice to ManagementAdvice

    More training could be better.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Toronto Head Office Finance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Finance Manager  in  Toronto, ON (Canada)
    Former Employee - Finance Manager in Toronto, ON (Canada)

    I worked at Scotiabank full-time for more than 5 years

    Pros

    Gain experience, have rotational program to train you, great people that willing to teach and promote you. Will assist your career path. Helped my sister and brother in law to get a job. I attained my MBA with this company, my CMA designation, My house, and baby.

    Cons

    20% lower than market salary but will not fire ppl. Allow ppl to look for job even after sold of the department for a duration of 2 years. Treat mother differently, will not give so much challenge to you once you are a mother.

    Advice to ManagementAdvice

    Should have a annual career plan for staff, even after staff turn to a mother.

    Recommends
    Positive Outlook
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  5.  

    Great organization

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank as a contractor for more than a year

    Pros

    Great Salary, benefits, work/life balance, variety of work.
    Supports a great deal of philanthropic endeavours

    Cons

    Difficult to move up
    Minimal salary increase year-over-year
    No education support
    No clear direction from Manager
    Silo'd every difficult to go from one Compliance area to another

    Advice to ManagementAdvice

    Create a rotation program within Compliance

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    Great place to intern, everyone was willing

    Current Employee - Financial Analyst  in  Toronto, ON (Canada)
    Current Employee - Financial Analyst in Toronto, ON (Canada)

    I have been working at Scotiabank as an intern for less than a year

    Pros

    There were pre-defined goals set in place by my manager at the beginning of my term. I was kept very busy, often staying late to complete the work. When I ask questions, which was often, everyone was willing to take the time and make sure that I understood the crux of the answer.

    Everyone in the group was willing to be personable to me and that's all you can ask for.

    Cons

    I was given lots of work, and while not overwhelming, I often worked late to the point that I was reminded that I could go home.

    Advice to ManagementAdvice

    Make sure to keep this program around for others! I learned lots of skills and gained a better understanding of how the business operates.

  7.  

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager  in  Mexico City (Mexico)
    Current Employee - Senior Manager in Mexico City (Mexico)

    I have been working at Scotiabank full-time for more than a year

    Pros

    Good culture with great benefits

    Cons

    Bank structure makes it difficult to move quick

    Advice to ManagementAdvice

    Move Faster

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great Job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank full-time

    Pros

    Interesting work, great work life balance, smart people

    Cons

    not the highest paying. . . . very conservative, won't be doing exciting high finance.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Overall satisfactory

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Toronto, ON (Canada)
    Current Employee - Anonymous Employee in Toronto, ON (Canada)

    I have been working at Scotiabank full-time for more than a year

    Pros

    In general, people are treating each other with respect. Same as other big institutions, there can be a lot of internal job opportunities - depending on individual's experience, skills and educational level. Many employees have faith in the bank's international footprint.

    Cons

    Pay is below average, in particular at non-managerial levels. There has been increasingly more push for sales in various departments, even roles that are traditionally not sales oriented.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Great place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    Work/life balance. Great hours and support from management

    Cons

    Lower pay scales than other banks

    Recommends
  11.  

    Good, steady work. Heavy workload for FAs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor
    Current Employee - Financial Advisor

    I have been working at Scotiabank for more than 3 years

    Pros

    Good benefits, and share ownership program.

    Cons

    Workload, technological infrastructure very dated, slow and frustrating.

    Advice to ManagementAdvice

    Invest in technological infrastructure to bring useful tools, and system stability to branches.

    No opinion of CEO

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