Scotiabank

www.scotiabank.com

Scotiabank Reviews

Updated 27 January 2015
Updated 27 January 2015
581 Reviews
3.4
581 Reviews
Rating Trends

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

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks (in 80 reviews)

  • weekly team meetings which encourages a team-oriented work environment (in 30 reviews)


Cons
  • Was recruited with a promise of improved work life balance - this hasn't materialized (in 6 reviews)

  • Some office politics but nothing unlike other work places (in 9 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Front Office Life

    • 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

    Pros

    Some smart people, very relaxing, people are nice

    Cons

    Could be more aggressive to win deals

    Approves of CEO
  2.  

    Customer Service

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

    I worked at Scotiabank full-time (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    Somewhat outdated information systems, although it is not a big deal.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
  3.  

    I was amazed by my experience at the bank. It is truly a great place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director of Product Management in Mexico City (Mexico)
    Former Employee - Director of Product Management in Mexico City (Mexico)

    I worked at Scotiabank full-time (more than 3 years)

    Pros

    Good compensation packages and bonuses
    I had was lucky to work in multiple challenging projects transforming the electronic channel offering for the bank
    Great people and great spirit. The bank is big enough to have market power but small enough to be more horizontal from a management perspective.

    Cons

    As all publicly traded companies, the bank could sometimes focus more on the quarterly and yearly results than driving a 5 to 10 year vision for the business.

    Recommends
    Positive Outlook
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  5.  

    Senior Business Analyst

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

    I worked at Scotiabank

    Pros

    Good working hours and supportive staff

    Cons

    Opportunities are not provided fairly

    Doesn't Recommend
    Negative Outlook
  6.  

    One Team One Goal

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resources Generalist in Mexico City (Mexico)
    Former Employee - Human Resources Generalist in Mexico City (Mexico)

    I worked at Scotiabank full-time (more than 3 years)

    Pros

    Scotiabank culture and values are the success of the bank, always considering each employee as part of the team.

    Cons

    People think we are expensive.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great Canadian Chartered Bank to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Banking Advisor in Vancouver, BC (Canada)
    Current Employee - Business Banking Advisor in Vancouver, BC (Canada)

    I have been working at Scotiabank full-time (more than 5 years)

    Pros

    Realistic goals
    Great staff
    Less re-structuring than most chartered Banks

    Cons

    Benefits package recently renegotiated and considered poor by most staff
    Salaries reported to be competetive, however this is doubted

    Advice to ManagementAdvice

    Listen to employee feedback with regard to profit-sharing and benefits

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    It has a nice corporate environment.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    very good people, nice managers, flexible times

    Cons

    low salary.
    I could fire 30% of the company and no one would realize.

  9.  

    Great growth opportunity

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

    I have been working at Scotiabank full-time (more than 8 years)

    Pros

    Great culture and training program

    Cons

    Goals and targets increase every year

    Recommends
    Positive Outlook
  10.  

    Good learning experience

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

    I worked at Scotiabank

    Pros

    Training
    Good team
    good company culture
    fun collegues
    location

    Cons

    Overworked
    no respect for employees
    outdated system
    angry management

    Advice to ManagementAdvice

    Make sure employees are happy and have better perks

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  11.  

    experience was great.

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

    I have been working at Scotiabank as a contractor (less than a year)

    Pros

    people are great to work with here. had good training the first 2 months.

    Cons

    benefits are not good. Promotions opportunities are limited in our department. work load is high. work hours are not flexible.

    Advice to ManagementAdvice

    personal growth is limited and different departments are treated quite differently.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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