Scotiabank

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Scotiabank Reviews

Updated Jul 17, 2014
All Employees Current Employees Only

3.4 476 reviews

94% Approve of the CEO

Scotiabank President and CEO Brian J. Porter

Brian J. Porter

(52 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)

476 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
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    • Senior Management
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    • No Opinion of CEO

     

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

    Software Engineer (Current Employee) Hyderābād

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

    ConsThere is nothing negative about the Scotia bank Project.

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

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Approves of CEO

     

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

    Manager (Current Employee) Delhi

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

    ConsConservative decision making process followed

    Advice to Senior ManagementSome of the decisions should be taken keeping in view of long term gains without worrying for the short term impacts.

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

    • Culture & Values
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    • 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

  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

     

    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
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    • 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
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    • 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
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    • 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
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    Excellent place to work

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

    ProsEntrepreneurial culture, great training program, fantastic advancement opportunity.

    ConsNone that I can think of.

    Advice to Senior ManagementNone that I can think of.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • 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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • No Opinion of CEO

     

    Good work life balance

    Anonymous Employee (Current Employee)

    ProsTraining content was in depth. Great people to work with. Senior and district Management genuinely wants to be a part of the learning process with staff.

    ConsPay does not match up with the knowledge expected. Benefits are not great. There is a great learning plan but no time allocated to work on it. Policies are always changing it's hard to keep up to date. Knowledge required for the job is too much for one person.

    Advice to Senior ManagementAllocate time within a work day for training programs. Improve pay and benefits to be competitive with industries in the area.

    No, I would not recommend this company to a friend

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