Scotiabank

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Scotiabank Reviews

Updated Jul 29, 2014
All Employees Current Employees Only

3.4 477 reviews

94% Approve of the CEO

Scotiabank President and CEO Brian J. Porter

Brian J. Porter

(54 ratings)

69% of employees recommend this company to a friend

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
477 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    More friendly investment bank

    Associate (Former Employee) Toronto

    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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Good and secure place to work.

    Anonymous Employee (Current Employee) Toronto, ON (Canada)

    ProsLot's of opportunity to learn from courses and colleagues and have new work experiences. Good ideas well expressed are very welcome.

    ConsLot's of red tape - as per any large organization; slow to make decisions; politics abound.

    Advice to Senior ManagementLeaders need to give priority to leading their teams and treating people with respect, too many political players in the leadership.

    Yes, I would recommend this company to a friend

     

    Great culture, long growth curve

    Anonymous Employee (Former Employee)

    ProsThe office culture is great with a lot of initiatives to keep you engaged

    Conssalary
    growth in career is a bit slow

    Advice to Senior ManagementNeed more than yearly PDP's to mentor staff

    Yes, I would recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great opportunity for customer service experience.

    Customer Services Representative (Current Employee) Saint Marys, ON (Canada)

    ProsThere seems to be a lot of room for professional growth.

    Consthe incentives to sell products was not enough to inspire sales.

    Advice to Senior Managementbetter incentives, rewards could be more straight forward to get better sales per employee.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Great Place to work ... if you find the right manager

    Anonymous Employee (Former Employee)

    Pros+ Great work life balance
    + Friendly, helpful colleagues
    + Appreciated for your work and input

    Cons- Low compensation (low base, bonus, benefits) and low compensation increase
    - Little opportunity for advancement
    - Even if you obtain more certifications or education, it doesn't move you up

    Advice to Senior ManagementWork on compensation packages to retain top talent

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Very good training program

    Financial Advisor (Current Employee)

    ProsStarted at bank earlier this year and have found the training staff and in branch coaches to be greatly supportive and helpful. Good corporate culture from what I understand, and very likely to promote from within

    ConsTheir central operating system could stand to be updated. There are some process that take a lot longer than they need to. Some office politics but nothing unlike other work places

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Nice for new commers

    Anonymous Employee (Current Employee)

    ProsNice opportunities for new commers with Financial experience en Latin America

    ConsJust starting a new challenge!

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Overall Satisfying

    Project Manager (Former Employee) Toronto, ON (Canada)

    ProsDepending on your manager, there are opportunities for development of skills, obtaining certifications, mentoring etc. Many of the departments had really great people that you could work with. Like any organization, there will always be slackers who can be counter productive, but in this organisation they can be managed.

    ConsDepending on the manager, there may be issues with work-life balance; (At times I worked over 80 hrs a week for months; definitely burnt out.) But then the same manager spent the next years trying to make work comfortable and gave me a lot of slack.

    Advice to Senior ManagementNeed to have a better understanding of what is happening on the front lines. More fireside chats would help, and ensure they are mandatory and confidential.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Overall a good experience

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

    ProsManagers who do take an interest in your development, including getting feedback and skills development.

    ConsTurnover and politics, people more interested in doing nothing rather than their jobs.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Amazing Company to work for!

    Anonymous Employee (Current Employee)

    ProsThe collaborative relationships; the community involvement; the commitment to employee growth.

    Consnone that I can think of.

    Advice to Senior ManagementContinue to nurture the talent within Scotiabank.

    Yes, I would recommend this company to a friend

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