Scotiabank Reviews | Glassdoor.com.au

Scotiabank Reviews

Updated 18 February 2019
2,558 reviews

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3.4
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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
977 Ratings

Employee Reviews

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Pros
Cons
  • "no work life balance, doesnt pay well" (in 75 reviews)

  • "high turnover amongst full-time employee" (in 40 reviews)

More Pros and Cons

  1. "More friendly investment bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Toronto
    Former Employee - Associate in Toronto
    Recommends
    Neutral Outlook

    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 Management

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


  2. "Underpaid, Undervalued"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank full-time

    Pros

    You don't take work home with you when you leave.
    Nice people
    Big company

    Cons

    Vastly underpaid for amount of work expected
    Ridiculous sales targets and bonus is next to nothing for amount of money being brought in for the bank

    Advice to Management

    Value people on the front line and encourage growth

  3. "Financial advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Calgary, AB (Canada)
    Current Employee - Financial Advisor in Calgary, AB (Canada)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank full-time (More than a year)

    Pros

    Great work environment
    Proper training before meeting clients

    Cons

    Not too many things i can think of


  4. "Customer Service Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in London, ON (Canada)
    Former Employee - Customer Service Representative in London, ON (Canada)
    Recommends
    Positive Outlook
    Disapproves of CEO

    I worked at Scotiabank part-time (Less than a year)

    Pros

    Great work hours, friendly environment

    Cons

    Need to choose the right branch to work in


  5. "SBA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Small Business Advisor
    Former Employee - Small Business Advisor

    I worked at Scotiabank full-time

    Pros

    great place to work and no complains

    Cons

    nothing bad to say


  6. "Scotiabank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Universal Banker in Ottawa, ON (Canada)
    Current Employee - Universal Banker in Ottawa, ON (Canada)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank part-time (Less than a year)

    Pros

    Friendly Staff members at my branch

    Cons

    Stingy about taking time off

    Advice to Management

    Better time off packages


  7. "Too fast, too unstable"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Scotiabank full-time (More than 10 years)

    Pros

    Investment in technology is a priority.

    Cons

    Too many layers, very difficult to deliver on customers needs on time leading to frustrating times.

    Advice to Management

    Be focus, be selective, be kind to one another. Please don't become "one more" on Bay Street.

  8. Helpful (1)

    "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Scotiabank full-time

    Pros

    Flexible
    ESOP
    Decent benefits
    Good strategy on Latam

    Cons

    Old tech
    Many family relationships
    Not enough info sharing


  9. "CSR"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I have been working at Scotiabank full-time (Less than a year)

    Pros

    People's environment. Best place to work in.

    Cons

    no such cons. everything is good.


  10. "Financial advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    No opinion of CEO

    I have been working at Scotiabank full-time

    Pros

    good benefits and good culture, people are nice

    Cons

    sales goals are pushed too hard, and pay is too low as well