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      Scotiabank

      Engaged Employer

      Scotiabank reviews

      3.8

      73% would recommend to a friend

      (11,098 total reviews)
      avatar

      Scott Thomson

      74% approve of CEO

      63% positive business outlook

      Ratings by demographic groups

      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
      2.0
      Jul 3, 2020

      Scorecard? You mean lottery card?

      Customer care advisor
      Recommend
      CEO approval
      Business Outlook

      Pros

      - It's a well-known company - Nice to have a big brand to grow with

      Cons

      - Management don't care about your growth - You're expected to start achieving goals right away, and regardless they will place you on a performance plan. Ridiculous pressure. - The top-down expectation is to achieve targets, and if you're just starting out, the ways you can "score" on your scorecard are few and far between

      3.0
      Nov 12, 2019

      High targets

      Small business advisor
      Recommend
      CEO approval
      Business Outlook

      Pros

      One of the top 5 charter banks. Bonuses if company and employee mets targets.

      Cons

      Stressful with high sales targets and micro-management. Big shift in the banks culture the last five years- they focussed more on targets then on their employees and training.

      4.0
      Jul 2, 2019

      Great for immigrants, but with low pay and complex structure

      Senior manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      The bank is great for newcomers as it has a large footprint outside of Canada and thus favors language skills (Spanish in particular). Also being one of the worst paying banks, it's easier to hire qualified immigrants (but with no Canadian experience) since it's tough (money wise) to steal from the competitors. Benefits are good - 4 weeks of vacation for level 8, 3 personal days, 5 sick days, an okay insurance coverage. Good work/life balance, most people work from 8:30 to 5 pm and are not expected to work after hours. From level 9 (director) up things are slightly different. Lots of women in leadership position

      Cons

      Scotia is massive with lots of different areas. Expect to encounter different cultures within different areas of the bank. Lots of gossip, and unfortunately some senior management incentivise that, by asking around people's opinions on their peers! Pace is slow, very slow. Overall the bank is very risk avoider, so decision making is hard and lengthy. Progressing in the career is also though. Ambition is not really expected and though there are tons of jobs posted daily, applying online doesn't really get you anywhere, so you need to do a lot of networking and get a direct referral / introduction to the job poster. Pay is worse than other banks. Base bonus for level 8 is 12% (the actual can be more dependent on performance).

      Viewing 385 - 387 of 11,098 Reviews
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      ReviewsScotiabank reviews

      Glassdoor has 14,443 Scotiabank reviews submitted anonymously by Scotiabank employees. Read employee reviews and ratings on Glassdoor to decide if Scotiabank is right for you.