Scotiabank

www.scotiabank.com

Scotiabank Reviews

Updated 30 January 2015
Updated 30 January 2015
585 Reviews
3.4
585 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
95 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.  

    More friendly investment bank

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

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

    Pros

    Willing to promote from the Analyst level, small deal teams are great for taking on responsibility, most MDs are a pleasure to work for and take an interest in your development.

    Cons

    Investment banking group does not appear to be a priority of senior management and represents a small portion of overall bank profitability. League table performance has been lower than expected over the last several years.

    Advice to ManagementAdvice

    Strategy has been ill-conceived over the last half decade - not necessarily senior management's fault. Develop clear strategy and stick to it.

    Recommends
    Neutral Outlook
  2.  

    Good company and has great potential to move up in the company. Great connections throughout the company

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

    I worked at Scotiabank full-time (more than a year)

    Pros

    Career opportunities are wide and my manager really made encouraged me to move up and gave me all the support I could need.

    Cons

    It got a little bureaucratic and few processes were behind industry standards

    Recommends
    Positive Outlook
  3.  

    Great place to work

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

    I worked at Scotiabank

    Pros

    Family orientated professional retail banking organization

    Cons

    Not much thinking outside of the box

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    very nice experience

    • 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

    Colleagues are very nice to offer help. The work environment is dynamic.

    Cons

    There isn't a good channel to advancement.

    Advice to ManagementAdvice

    very nice supervisor

    Recommends
    Positive Outlook
  6.  

    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
  7.  

    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
  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.  

    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
  10.  

    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
  11.  

    no bad but also not good than you expected

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    stable, have all the network devices that other company have

    Cons

    too big too political like most huge size companies

    Recommends

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