Scotiabank

  www.scotiabank.com
  www.scotiabank.com

Scotiabank Reviews

Updated 18 November 2014
Updated 18 November 2014
549 Reviews
3.5
549 Reviews
Rating Trends

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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
84 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.  

    Great place to start your career

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    Well managed prcoesses and procedures, well designed corporate structure

    Cons

    Salary is just satisfactory, but above average

  3.  

    review on scotiabak

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

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

    Pros

    Employees are all really nice, I love working with the staff, the customers are 99 percent friendly and love talking. Training is easy, you just have to get used to everything, policies and company values are great, it's a good mix between being professional and friendly.

    Cons

    No Cons to name, I really like working for this bank.

    Advice to ManagementAdvice

    Maybe do some more simulations for weird things you don't usually get with customers.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Scotiabank

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

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

    Pros

    Great Corporate structure and culture. Many benefits and great learning experience. Good organizational structure and working environment.

    Cons

    Low pay, difficult to earn pay increases unless you are moving up levels.

    Advice to ManagementAdvice

    Include more focus on employee development by allowing better training programs. Create more incentives for pay increases or increase base salary.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great company to work for.

    • 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 full-time (more than 10 years)

    Pros

    Employee Share Option Plan. Good vacation time, sick time and personal obligation days. Treated with respect and opportunity for advancement and to further your education. Lots of opportunity to advance if you are mobile.

    Cons

    Wages are not as competitive as competition.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Good expericen

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

    I have been working at Scotiabank as an intern (less than an year)

    Pros

    Good training, the people are great and helpful, flexible hours if you ask. A lot of different projects happening so you get a good feel for the different work flows in the bank.

    Cons

    Organizing between various departments can be a challenge especially if they are working on different things. I was tasked with a few different projects and the time allocation was a challenge I had to face.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Great place to work and learn

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

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

    Pros

    Company Values, work environment, diversity

    Cons

    Benefits, company size, response to competitors

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    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
  10.  

    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
  11.  

    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

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