Backward company, there are better options. - Anonymous employee Scotiabank Employee Review

2.0
Apr 14, 2013
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Salary is stable despite being below industry average. Easy to find clients using databases. Some products are best in industry.

Cons

Training program is a farce, a shell of what it should be. It essentially as if some senior exec wrote a training program on paper to say that they had one. Pay for performance is not correlated, there are many true stories of millions of dollars worth of business being landed, and the compensation/recognition in return being petty, as in "here's a coffee mug" petty. The company does not appreciate good work. The command and control structure creates a negative environment at the branch level. Managers and staff are unable to act on local market situations because of the layers of restrictive bureaucracy. Technology is very outdated, computers still used windows 95 until recently (now XP). Financial planning software can barely load on the hardware provided. Paperwork and software processes are unreliable, tedious and reduce efficiency. The company is restructuring, eliminating support jobs, moving the work load to remaining staff without increase in compensation. They are also continuously cutting benefits and perks, some cuts represent heavy across the board salary reductions. More work less pay, consistently. If you are young stay away.

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5.0
Dec 8, 2025
Recommend
CEO approval
Business Outlook

Pros

Incredible learning opportunity if you take lots of initiative

Cons

Limited deal flow compared to larger banks

2.0
Jun 5, 2026
Recommend
CEO approval
Business Outlook

Pros

A couple of smart people who are kind and open to mentoring. Hours not bad given no deal flow in US.

Cons

Top heavy management. Culture values heavy politicking. Low bonuses.

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