Scotiabank reviews

3.8

73% would recommend to a friend

(11,098 total reviews)
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Scott Thomson

74% approve of CEO

63% positive business outlook

Scotiabank has an employee rating of 3.8 out of 5 stars, based on 11,098 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Scotiabank employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzas industry (3.7 stars).

Reviews by job title

11K reviews
1.0
May 14, 2016
Recommend
CEO approval
Business Outlook

Pros

Health insurance is really the only benefit. But goodluck getting time off to visit the doctor!

Cons

Seems like the only folks willing to take (and remain) in these positions at Scotiabank are young folks undecided in life that get sold a dream that if they work hard they will rise to a position actually worth being there. This is partially true but totally not worth the pittance of a pay you receive for said hard work. The pay is REALLY LOW! REALLLLLLLLLLYYYYYYY LOW! You cannot have a family to support, bills to pay, goals of saving money while working here! It is almost impossible. Even overtime is paid at the same base rate as your regular hours. Is that legal? BUT, if your dream job is sales, then go for it! This job is more about sales of products and services than transactional processing. But its not commissioned based, so forget about being duly compensated for bringing in new business. Also there is a trickle down effect of pressure where the lower staff members are often aggressively intimidated by management to work harder to keep branch numbers where they should be. Scotiabank Trinidad has no union, so management can practically do what they want...invent new rules by the day, and you HAVE to follow it. or else... It is a tense, strict and micromanaged place to work. And I would not recommend working there as a lower-level employee.

2.0
Jan 7, 2016

Teller

Recommend
CEO approval
Business Outlook

Pros

You can say you work at a bank, that's where it starts and ends for me personally. Reputable name for sure.

Cons

Serious pressure, beyond difficult to move up, as a teller you get a good wage. But it's 60/65 hour cheques. Over a standard full time job it works out to close to 11/hr. Never full time on teller unless have lots of experience. .06 is 2nd highest position. Guarantees 22.5 hours - that means even if you work 33 hours a week and you take vacation. You're only paid 22.5. Management are on tight goals from head office so when you think you do something well - you won't be recognized - mores expected- it's never good enough

4.0
Aug 15, 2015
Recommend
CEO approval
Business Outlook

Pros

Scotiabank actively promotes employees taking risks with their carreers and get to try new things, be it different functional roles or moving through the international markets in which it operates.

Cons

The pay generally lags peers. It used to be compensated with job stability but with the increasingly meritocracy based culture (which is the right model to shift to) those gaps have yet to be closed.

Viewing 358 - 360 of 11,098 Reviews

Glassdoor has 14,440 Scotiabank reviews submitted anonymously by Scotiabank employees. Read employee reviews and ratings on Glassdoor to decide if Scotiabank is right for you.