Scotiabank Reviews

Updated 20 October 2014
Updated 20 October 2014
531 Reviews
3.5
531 Reviews
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
76 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

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  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. 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
  3.  

    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
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  5.  

    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
  6.  

    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
  7.  

    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
  8. 1 person found this helpful  

    Great life balance

    • 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, solid business model

    Cons

    Low pay relative to the comp

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 1 person found this helpful  

    So far so good

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

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

    Pros

    Good work life balance, big and growing company

    Cons

    Very hierarchical, lots of politics involved with promotions

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Architect

    • 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 (more than 8 years)

    Pros

    Good Work-life balance, good benefits

    Cons

    Promotions, old school office culture its a bank

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    reality check

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Teller in Nassau (Bahamas)
    Former Employee - Teller in Nassau (Bahamas)

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

    Pros

    maturity, skills are always available through online training. it's definitely a place were you learn how to conduct yourself in a professional environment. You get to meet a very wide variety of people.

    Cons

    not sure about canada but in the bahamas you MUST be a 'boot licker' if there is to be any hope of upward movement. Once you establish yourself as a driven individual, senior management will become threatened at the thought that you may achieve more than them in a shorter period of time.

    Advice to ManagementAdvice

    in the bahamas they should evaluate how certain people have gotten into managerial or hiring positions

    Recommends
    Positive Outlook
    Approves of CEO

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