Scotiabank

www.scotiabank.com
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Scotiabank Reviews

Updated 5 March 2015
Updated 5 March 2015
618 Reviews
3.5
618 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scotiabank President and CEO Brian J. Porter
Brian J. Porter
108 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.  

    Opportunity

    • 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 full-time (more than 10 years)

    Pros

    Work-life balance and opportunities for people who has been trained in another country and have experience with multi-cultural markets.

    Cons

    Commuting is one of the main reasons as I wish to re-locate to a job closer to my house, school, etc.

    Advice to ManagementAdvice

    Benefits, compensation could be improved to reflect ever increasing work load. Year-end bonuses decrease while the bank continues to grow.

    Recommends
    Neutral Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Great Multicultural work environment,

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative in Montreal, QC (Canada)
    Former Employee - Customer Service Representative in Montreal, QC (Canada)

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

    Pros

    working as customer service representative enhances your communication skills and gives you more flexibility in dealing with clients

    Cons

    you met get into your comfort zone and stay there so make the effort to move forward

    Advice to ManagementAdvice

    find out what the long-term objectives of the employees are and help out in achieving them

  6.  

    Good place to work

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

    I have been working at Scotiabank

    Pros

    Strong company values; and excellent team work. The company is invested in leadership development plans.
    Good exposure to strategic projects. Work life balance is achievable in most positions. New CEO is making tuff but needed changes to make the bank more competitive.

    Cons

    Changes being made affect positions and departments and many times not considering the performance of the individuals (for Director and below positions). Salaries are not up to market. Most Sr. Managers don't have opportunity to have staff under making promotion to following step quite hard. Leadership development plan is available at your own time. It is very hard to move positions outside your immediate department / division

    Advice to ManagementAdvice

    Allow Sr. Managers to develop by having direct reports.

    Recommends
    Approves of CEO
  7. 2 people found this helpful  

    Enjoyed the work, not much room for growth

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

    I worked at Scotiabank

    Pros

    Exposed to different kind of projects
    Great people

    Cons

    Depending where you are not much room for growth.
    Salary and benefits below market.

    Advice to ManagementAdvice

    Try to retain talent.It is cheaper to provide salary increases on time than having to recruit and train new resources.

    Neutral Outlook
    Disapproves of CEO
  8.  

    Flexible work options

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

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

    Pros

    Flexibility and advancement opportunities, annual bonus right before Christmas. ESOP bank matches 50% and most banking fees are waived

    Cons

    Health benefits could be better. A lot of favoritism which makes it hard to advance. Increase core benefits and assist long-term staff with debt consolidation loans for staff that are going thru hardship. Seen too many staff take their personal financial stress to work.

    Advice to ManagementAdvice

    Increase core benefits and assist long-term staff with debt consolidation loans for staff that are going thru hardship. Seen too many staff take their personal financial stress to work.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Great People, Interesting Work

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

    I have been working at Scotiabank

    Pros

    My group was amazing to work with and almost feels like an extended family
    Interesting work with a lot of responsibility
    Ability to effect change and make a difference

    Cons

    Lower then market pay
    Lack of training of new employees makes it hard for people to become value adding

    Advice to ManagementAdvice

    Do a better job of retaining good talent as high turnover can be expensive and unproductive

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    whatever you want

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scotiabank

    Pros

    wonderful great couldnt be better

    Cons

    none that i can think of

  11. 1 person found this helpful  

    Best experience

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

    I worked at Scotiabank

    Pros

    Amazing culture
    great HR policies
    Very stable for immigrants
    nice people

    Cons

    none
    It was a great experience no cons.

    Advice to ManagementAdvice

    !thanks

    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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