Scotiabank

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Scotiabank Reviews

Updated Jul 31, 2014
All Employees Current Employees Only

3.4 482 reviews

95% Approve of the CEO

Scotiabank President and CEO Brian J. Porter

Brian J. Porter

(55 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
482 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • 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
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • 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
    • 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

  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

     

    Friendly environment, Normal people, Not super geeks that can make you afraid of IT, Compensation is fine

    Co-op Programmer Analyst (Current Employee) Toronto, ON (Canada)

    ProsFriendly, Enjoyable, Good learning experience

    ConsSometimes deadlines may come very frequent and you wont have time, Compensation is like all other banks

    Advice to Senior ManagementThank your for giving me a chance to prove myself

    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

    • 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

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