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      Scotiabank

      Engaged Employer

      Scotiabank reviews

      3.8

      73% would recommend to a friend

      (11,080 total reviews)
      avatar

      Scott Thomson

      74% approve of CEO

      63% positive business outlook

      Ratings by category

      4.1

      Diversity & inclusion

      3.7

      Culture & values

      3.7

      Work/Life balance

      3.7

      Compensation and benefits

      3.7

      Career opportunities

      3.4

      Senior management

      Scotiabank has an employee rating of 3.8 out of 5 stars, based on 11,080 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).

      Ratings by demographic groups

      Reviews by job title

      11K reviews
      1.0
      Sep 15, 2011

      Overworked, Underpaid, Incompetent Management and No training

      Senior business analyst
      Recommend
      CEO approval
      Business Outlook

      Pros

      If you happen to get a good boss, you will have a decent work life balance. Lots of opportunities to move around. However, your previous experience matters. Benefits are similar to what the other banks offer. Good place to start your career as a new grad or new immigrant.

      Cons

      Scotiabank employees get paid the lowest when compared to the pay in other 4 big banks Employees are severely underpaid and overly worked Management is made of people who have risen up the ranks based on experience Systems are outdated No training is offered New hires from other organizations get paid more than the existing employees No one is ready to take responsibility of issues. It is always the case of passing the buck.

      3.0
      Sep 2, 2011

      Just like any other Canadian bank

      Information security expert
      Recommend
      CEO approval
      Business Outlook

      Pros

      Good benefits Salary Pension 4 weeks vacation if you are a level 7 employee and above 3 personal days to use as you please 5 sick days Performance bonus can be very significant (level 7 can get10%, level 8 is 12%, and level 9 at 17%) Some travel depending on the department, sometimes in business class if you are lucky

      Cons

      Authoritarian hierarchy (with some caste system overtones). Basically the bank maintains a strict pyramid organization Strict and literal enforcement of procedures, policies, and standards "Master and Commander" management styles that stifle diversity and discourage individuality Conforming workforce with no interest in innovation, continuous improvement, or anything different (sometimes the staff is identical to an union or bureaucracy) Only chance to get a promotion to a level 8 or 9 is "wait in line" for 10 years until a seat becomes available - seniority rules in this place People who play golf with the boss (and let him win) get the best, high profile projects or assignments This bank is full of "lifers" waiting for retirement: low vitality, low energy, no time for new ideas

      Viewing 10960 - 10962 of 11,080 Reviews
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      ReviewsScotiabank reviews

      Glassdoor has 14,418 Scotiabank reviews submitted anonymously by Scotiabank employees. Read employee reviews and ratings on Glassdoor to decide if Scotiabank is right for you.