Scotiabank

  www.scotiabank.com
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Scotiabank Reviews

Updated 19 August 2014
Updated 19 August 2014
497 Reviews

3.5
497 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
60 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

    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    Somewhat outdated information systems, although it is not a big deal.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.  

    good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative  in  Calgary, AB (Canada)
    Current Employee - Customer Service Representative in Calgary, AB (Canada)

    Pros

    nice co workers , promoted quickly

    Cons

    low wage few hours you have to get luck to get into good branch

    Recommends
    Approves of CEO
  3.  

    Great place to grow

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

    Pros

    Culture and co-workers are awesome, managers are great. Very supportive in helping you achieve your career goals. Also I like their community involvement.

    Cons

    Pay leaves a lot to be desired. But that is the business world and if I ran my own business, I would consider this strategy myself. No sense in complaining just find a better paying job. Can also be a tad frustrating to apply through HR but I assume this is an issue at every company. Just have to go out and meet the decision makers yourself.

    Recommends
    Positive Outlook
    Approves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5. 1 person found this helpful  

    Analyst

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

    Pros

    Good colleagues, good communication, nice work environment

    Cons

    Low pay, salary, benefits, vacation pay

    Advice to ManagementAdvice

    Should be more professional

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Friendly environment, Normal people, Not super geeks that can make you afraid of IT, Compensation is fine

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

    Pros

    Friendly, Enjoyable, Good learning experience

    Cons

    Sometimes deadlines may come very frequent and you wont have time, Compensation is like all other banks

    Advice to ManagementAdvice

    Thank your for giving me a chance to prove myself

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Good company to work for, even with lower salary

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Personal Banking Officer  in  Calgary, AB (Canada)
    Current Employee - Senior Personal Banking Officer in Calgary, AB (Canada)

    Pros

    Scotiabank has one of the best workplaces I've been a part of. Management seems actually invested in the growth of their employees, and the people are excellent.

    Cons

    The technology is outdated, and the salary is low relative to other banks. I'm concerned about the increased culture of sales as well- advancement is difficult if you don't want to sell products.

    Advice to ManagementAdvice

    Be more client-focused, less worried about profit margins.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Good and secure place to work.

    • 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)

    Pros

    Lot's of opportunity to learn from courses and colleagues and have new work experiences. Good ideas well expressed are very welcome.

    Cons

    Lot's of red tape - as per any large organization; slow to make decisions; politics abound.

    Advice to ManagementAdvice

    Leaders need to give priority to leading their teams and treating people with respect, too many political players in the leadership.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Great culture, long growth curve

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    The office culture is great with a lot of initiatives to keep you engaged

    Cons

    salary
    growth in career is a bit slow

    Advice to ManagementAdvice

    Need more than yearly PDP's to mentor staff

    Recommends
  10.  

    Great opportunity for customer service experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Services Representative  in  Saint Marys, ON (Canada)
    Current Employee - Customer Services Representative in Saint Marys, ON (Canada)

    Pros

    There seems to be a lot of room for professional growth.

    Cons

    the incentives to sell products was not enough to inspire sales.

    Advice to ManagementAdvice

    better incentives, rewards could be more straight forward to get better sales per employee.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    great people but poor compensation

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

    Pros

    people are generally friendly and supportive, and it is growing significanlty in Latin America.

    Cons

    Poor compensation and benefits; management puts harsh rules on minimum required time for each role

    Advice to ManagementAdvice

    It is hard to find a people manager who has a genuine interest in employee's career development. Harsh rule of minimum required time at each role has been imposed by senior management on their lower level employees and this rule impedes talent development and negatively affects employees' morale. Therefore, it is imperative for Scotiabank to assess the style of people manager and make them role model for their employees.

    Recommends
    Positive Outlook
    No opinion of CEO

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