Scotiabank reviews

3.8

73% would recommend to a friend

(11,081 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 11,081 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
Feb 2, 2024
Recommend
CEO approval
Business Outlook

Pros

- Great people to work with - Decent benefits - I am not unemployed

Cons

- Some teams have a very toxic work environment and we keep hiring mediocre people at the VP+ level. - The amount of micromanaging is absolutely ridiculous. Processes often get in the way of productivity. - Poor tech infrastructure. - Very hierarchical, deferential and, in turn, inefficient. - Lots of people who are lifelong Scotiabankers, think the bank is the best there can be, and are very resistant to meaningful change. - Painful transformation process underway. The hope is that it will lead to a better organization, but I’m not entirely sure that will be the case.

1.0
Aug 30, 2023
Recommend
CEO approval
Business Outlook

Pros

Their compensation packages and benefits are decent compared to their industry peers.

Cons

There's no way to sugar coat this - this is by far the worst company culture I've ever experienced in my career. Decisions made by executives and management are wishy washy and undecisive at best, and there's so much burecratic red tape stemming from their Toronto office that it makes career growth/learning and development almost impossible. Despite these roadblocks, the real issue I experienced is the toxic people in these leadership roles. I had a supervisor towards the end of my tenure that told me I was "fruity" for watching reruns of Law and Order with my spouse. I witnessed a trader go on a racist tirade to another employee over the NBA's decision to allow players and teams to support "Black Lives Matter" during their games. In fact, most of the trading floor is a very inclusive, openly anti-liberal environment, with certain desks going as far as building makeshift shrines to conservative political figures and ideals. I raised my concerns with HR and the Head of GWO on my way out but from what I can gather they were mostly ignored. The Head of GWO seemed more interested in pointing out that I had only given two weeks notice instead of a month (I had no direct reports in my role and was told by my aforementioned supervisor that I was "not an SME but a junior" on a consistent basis since I joined their team).

2.0
Jan 6, 2019
Recommend
CEO approval
Business Outlook

Pros

Some good people, prime location in Manhattan.

Cons

It all began with the departure of our former global CEO, Mr. Waugh. The new management took the reigns and turned the place into a disorganized, chaotic organization. People in executive leadership roles come and go, layoffs became a permanent state of life, wave after wave, including people who have devoted their lives to BNS and spent 20-30 years there(!). Changing priorities. Favoritism. To make a career there, you need to learn navigate the "underground" currents and be on time to dump those managers who are no longer in favor, and befriend those who are still standing strong. Very sad... The pay is WAY below competition, trust me! In fact, employees leave on their own and ... head to competitors. Scotiabank used to be a solid, respectable bank on the Street. Not any longer. If you are considering employment - go elsewhere.

Viewing 91 - 93 of 11,081 Reviews

Glassdoor has 14,419 Scotiabank reviews submitted anonymously by Scotiabank employees. Read employee reviews and ratings on Glassdoor to decide if Scotiabank is right for you.