Scotiabank Reviews

Updated 28 August 2014
Updated 28 August 2014
504 Reviews

3.5
504 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
61 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.  

    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 for 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.  

    Great place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    Work/life balance. Great hours and support from management

    Cons

    Lower pay scales than other banks

    Recommends
  3.  

    Good, steady work. Heavy workload for FAs

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

    I have been working at Scotiabank for more than 3 years

    Pros

    Good benefits, and share ownership program.

    Cons

    Workload, technological infrastructure very dated, slow and frustrating.

    Advice to ManagementAdvice

    Invest in technological infrastructure to bring useful tools, and system stability to branches.

    No opinion of CEO
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  5.  

    Strong organizational culture, focus on constant development.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    Strong emphasis on professional development within positions.

    Cons

    high focus on online training

  6.  

    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)

    I have been working at Scotiabank part-time for less than a year

    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
  7.  

    So far so good.

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

    I have been working at Scotiabank full-time for less than a year

    Pros

    Good company culture, inclusive and embracing of diversity.

    Cons

    A lot of changes are happening at the moment which can be tough to keep up with but it's meant to make the bank more efficient and customer oriented.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great place to grow

    • 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

    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
  9.  

    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)

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

    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
  10.  

    low wages

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    work life balance, office culture is ok

    Cons

    low wages, outdated systems, lack of leadership

  11.  

    Not a bad place to work

    • 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)

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

    Pros

    Work life-balance is valued, people are more down to earth and it is less cliquey that other Banks. Seems to be quite a bit of opportunity to move around between business lines.

    Cons

    Company is currently undergoing a lot of change, which brings uncertainty. Expense control is always a top priority which results in pretty lean amenities and "corporate comforts". Previously generous benefits were brought down to slightly below market.

    Advice to ManagementAdvice

    Invest in the company's infrastructure and employees - training, training, training, training.

    Recommends
    Neutral Outlook
    No opinion of CEO

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