Scotiabank

www.scotiabank.com

Scotiabank Reviews

Updated 26 January 2015
Updated 26 January 2015
577 Reviews
3.4
577 Reviews
Rating Trends

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Scotiabank President and CEO Brian J. Porter
Brian J. Porter
93 Ratings

Review Highlights

Pros
  • work life balance, position title is higher than other Canadian banks (in 80 reviews)

  • weekly team meetings which encourages a team-oriented work environment (in 30 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.  

    3 yrs of experience as a Manual tester working in Scotia Bank Project for Investment Platform Project.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer in Hyderābād
    Current Employee - Software Engineer in Hyderābād

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

    Pros

    It's one of the largest banking projects in Tech Mahindra. I feel really proud working in this Project

    Cons

    There is nothing negative about the Scotia bank Project.

    Advice to ManagementAdvice

    There should follow a rotational policy for all the associates so that max no.of associates can go to onsite

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    One Team One Goal - To provide best service to Customers & create wealth for communities, investors and the employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Delhi
    Current Employee - Manager in Delhi

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

    Pros

    Excellent professional working culture with great organizational values. Employee friendly and looking to improve continuously.

    Cons

    Conservative decision making process followed

    Advice to ManagementAdvice

    Some of the decisions should be taken keeping in view of long term gains without worrying for the short term impacts.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    I was amazed by my experience at the bank. It is truly a great place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director of Product Management in Mexico City (Mexico)
    Former Employee - Director of Product Management in Mexico City (Mexico)

    I worked at Scotiabank full-time (more than 3 years)

    Pros

    Good compensation packages and bonuses
    I had was lucky to work in multiple challenging projects transforming the electronic channel offering for the bank
    Great people and great spirit. The bank is big enough to have market power but small enough to be more horizontal from a management perspective.

    Cons

    As all publicly traded companies, the bank could sometimes focus more on the quarterly and yearly results than driving a 5 to 10 year vision for the business.

    Recommends
    Positive Outlook
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  5.  

    Senior Business Analyst

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

    I worked at Scotiabank

    Pros

    Good working hours and supportive staff

    Cons

    Opportunities are not provided fairly

    Doesn't Recommend
    Negative Outlook
  6.  

    One Team One Goal

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resources Generalist in Mexico City (Mexico)
    Former Employee - Human Resources Generalist in Mexico City (Mexico)

    I worked at Scotiabank full-time (more than 3 years)

    Pros

    Scotiabank culture and values are the success of the bank, always considering each employee as part of the team.

    Cons

    People think we are expensive.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    It has a nice corporate environment.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Scotiabank

    Pros

    very good people, nice managers, flexible times

    Cons

    low salary.
    I could fire 30% of the company and no one would realize.

  8.  

    Great Canadian Chartered Bank to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Banking Advisor in Vancouver, BC (Canada)
    Current Employee - Business Banking Advisor in Vancouver, BC (Canada)

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

    Pros

    Realistic goals
    Great staff
    Less re-structuring than most chartered Banks

    Cons

    Benefits package recently renegotiated and considered poor by most staff
    Salaries reported to be competetive, however this is doubted

    Advice to ManagementAdvice

    Listen to employee feedback with regard to profit-sharing and benefits

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Great growth opportunity

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

    I have been working at Scotiabank full-time (more than 8 years)

    Pros

    Great culture and training program

    Cons

    Goals and targets increase every year

    Recommends
    Positive Outlook
  10.  

    Good learning experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Services Representative
    Former Employee - Customer Services Representative

    I worked at Scotiabank

    Pros

    Training
    Good team
    good company culture
    fun collegues
    location

    Cons

    Overworked
    no respect for employees
    outdated system
    angry management

    Advice to ManagementAdvice

    Make sure employees are happy and have better perks

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  11.  

    Some good things, some bad things

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

    I worked at Scotiabank full-time (less than an year)

    Pros

    It's a big 5 bank which means safety. As a financial advisor people just walk in and want to give you their money. This can give you good experience and a nice intro into finance and investing. Also has some good products that are probably the best so selling is easy. Most staff are friendly and genuinly want to help people. 8 to 4 pretty chill.

    Cons

    -The system and technology is medival, must still be from the 90s.
    -Training is weak, basically online courses and conference calls. Pray the people in your branch are helpful and give you time because you will need to ask lots of questions.
    -Information is scattered all over the place online not really well organized. Have to remember a lot of pathways.
    -Must have cash flow problems as the branches in Red Deer are falling apart.
    -Top down management which has very little responsibility other than push sales. All decisions are made in Toronto. Not much room to do things your way.
    -Culture is focused on lots of buzzwords, tag lines, and slogans.
    -Pay is low. If you have student loans you will not be able to pay them off unless you live with your parents.

    Advice to ManagementAdvice

    Decentralize

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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