Scotiabank Reviews

Updated 31 October 2014
Updated 31 October 2014
536 Reviews
3.4
536 Reviews
Rating Trends

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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
79 Ratings

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks (in 78 reviews)

  • A good work environment to develop ones skills and experience (in 27 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.  

    Scotiabank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - ION Marketview Support Analyst in New York, NY (US)
    Former Employee - ION Marketview Support Analyst in New York, NY (US)

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

    Pros

    A young and dynamic working environment

    Cons

    The people that worked closely with me and my direct bosses did not decide my salary

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good to call it a home place

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

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

    Pros

    Steady Jobs in general; Reward Royalty
    Working pace tends to be slow, for good or bad
    People are very friendly, typical Canadian work place

    Cons

    Strong ranking culture even in front office trading department, so doesn't matter how well you work but how many years you served
    Internal politics is really something that is bothering
    Technology lagging competitors
    compensation relatively low compared with peers

    Advice to ManagementAdvice

    People is what distinguishes business. Like Goldman Saches, they succeed not because their names but they consistently get best stuffs on their bench.

    If talent is not awarded for their performance,they will leave and only people who doesn't want to improve or who can't improve will stay.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    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
  6. 1 person found this helpful  

    Great long term employer

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

    I have been working at Scotiabank full-time (more than an year)

    Pros

    flexible work environment, great personnel on team

    Cons

    poor benefits, same for all staff

    Recommends
    No opinion of CEO
  7.  

    Proud for serving Canada's largest Bank.

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

    I have been working at Scotiabank full-time (more than 3 years)

    Pros

    Best corporate culture across the world...

    Cons

    Not every single person want to move...

    Advice to ManagementAdvice

    Retain all existing talent by giving them fair chance instead...

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Business Analyst

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

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

    Pros

    A good work environment to develop ones skills and experience

    Cons

    There is further room to upgrade their processes

    Positive Outlook
    Approves of CEO
  9.  

    Great company

    • 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

    Great people to work with at the company

    Cons

    Not any cons I can think of

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great company to work for

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

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

    Pros

    advancement opportunities, good leadership, fun working environment, great team work

    Cons

    work life balance, downtown commute no enjoyable

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    review

    • 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

    stable job, work life balance

    Cons

    underpaid relative to market reference

    Recommends
    Neutral Outlook
    No opinion of CEO

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