Scotiabank
3.4 of 5 436 reviews
www.scotiabank.com Toronto, Canada 5000+ Employees

Scotiabank Reviews

Updated Apr 16, 2014
All Employees Current Employees Only

3.4 436 reviews

                             

100% Approve of the CEO

Scotiabank President and CEO Brian J. Porter

Brian J. Porter

(34 ratings)

70% of employees recommend this company to a friend
436 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "work life balance, position title is higher than other Canadian banks"
    in 58 reviews
  • "The work environment is very nice"
    in 24 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
  • "Lack opportunity for growth, low salary compare to others"
    in 7 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
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  • Senior Management
         
  • Comp & Benefits
         
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More friendly investment bank

Associate (Former Employee)
Toronto

I worked at Scotiabank full-time for more than 3 years

ProsWilling 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.

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

Yes, I would recommend this company to a friend

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"one team goal" ignored by some business partners

Anonymous Employee (Current Employee)

I have been working at Scotiabank

ProsReally fair pay
Generally talented employees
Company invests in long term solutions

ConsWas recruited with a promise of improved work life balance - this hasn't materialized
Some senior level decision makers treat employees and business partners really poorly

Advice to Senior ManagementNeeds to be more executive/MD oversight over director level decision makers to ensure they are treating people fairly

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Great place to work

Anonymous Employee (Current Employee)

I have been working at Scotiabank

ProsVery friendly and supportive staff

ConsLimited opportunities for growth within the bank

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Good place to work

Credit Solutions Manager (Former Employee)
Toronto, ON (Canada)

I worked at Scotiabank full-time for more than a year

ProsGood working culture, life balance and friendly working environment. Comfortable to work, good hours, nice people and good to 'get by' on average effort and intellect. Hence depending on which part of the 'career cycle' you are in, you can enjoy a great job while tending to a newborn or young children.

Consaverage to below market pay, less competitive than TD or RBC, which is a pro/con depending on your perspective. As mentioned above as a PRO, this can also be a con if you are a new graduate or mid career and looking for more challenge.

Advice to Senior ManagementDevelop the younger talent for senior management roles quicker. Needs to be greater focus on capturing emerging market global opportunities and less of a domestic bank, though international banking exists, its irrelevant in the markets that BNS has a footprint.

Yes, I would recommend this company to a friend

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CSR

Customer Support Representative (Former Employee)
Newmarket, ON (Canada)

I worked at Scotiabank full-time for more than 3 years

ProsGreat work environment. Good benefits and job stability. Can choose to work at a location close to home.

ConsLots of pressure to refer sales opportunities, low pay.

Yes, I would recommend this company to a friend

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Steady as she goes...

Senior Personal Banking Officer (Current Employee)
Vancouver, BC (Canada)

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

ProsCompany is very conservative and stable. Executive team is very cautious and has sound risk approach. Work-life balance is great and decent benefits and perks.

ConsUneven innovation and average salary. On some fronts, BNS is very innovative; on the other hand, some technology is plain ancient.

Advice to Senior ManagementBe more transparent in talent recognition and promotion. Focus more on career development of internal individuals, rather than using cash to chase external candidates.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Good

Senior Manager (Current Employee)
Toronto, ON (Canada)

I have been working at Scotiabank full-time for more than 10 years

Prosnon threatening, easy going work culture

ConsLow Salaries compared to industry. Also, I see few high quality indviduals delivering more than their fare share but getting little to no recognition.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great learning opportunity

Anonymous Employee (Former Employee)

I worked at Scotiabank as an intern for less than a year

ProsLearned a lot while I was on the job. Was given independence and was able to do stimulating work

ConsNot much opportunity for full time employment when I was there.

Yes, I would recommend this company to a friend

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Great Place to Work!

SBA (Current Employee)

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

ProsAtmosphere, Opportunity, People, Support, Company Values

ConsNothing to report in this column

Advice to Senior ManagementKeep up the good work

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Work in Scotiabank

Accounting Officer (Former Employee)

I worked at Scotiabank full-time for more than 5 years

ProsNice, friendly people in the department

ConsOverload position. Management does not value people.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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Glassdoor is your free inside look at Scotiabank reviews and ratings - including employee satisfaction and approval ratings for Scotiabank CEO Brian J. Porter. All 436 reviews are posted anonymously by Scotiabank employees.