Scotiabank reviews

3.8

73% would recommend to a friend

(11,065 total reviews)
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Scott Thomson

74% approve of CEO

64% positive business outlook

Scotiabank has an employee rating of 3.8 out of 5 stars, based on 11,065 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
3.0
Oct 15, 2009

Good place to grow

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Relaxed, friendly atmosphere, nice management, nice office, close to downtown so easy transportation, discounts on metropass,

Cons

low salary, contract, not much room to move up in the department, basically nothing else I can think of right now

4.0
Feb 6, 2009
Recommend
CEO approval
Business Outlook

Pros

The company is in good shape at a time when the financial sector as a whole is in chaos. Offices and branches around the world mean opportunities for working abroad. There is an atmosphere if healthy competition, without much of the eat-rocks-and-crap-fire, alpha-dog stuff you might find elsewhere.

Cons

A fair amount of second-guessing; lots of paperwork; some of the same territoriality you will find in any big organization. Office location next to WTC site will be a downer for some (at least until something is finally built there).

3.0
Aug 15, 2008
Recommend
CEO approval
Business Outlook

Pros

The company has a strong presence in the Canadian market. Once the name Bank of Nova Scotia is on your resume it will at least get some attention. I was able to move to another financial services company because of the experience I gained with BNS. They also have decent pay intern-wise and a number of benefits such as discounted tickets, a relationship with Famous Players etc. I would strongly advise against taking a summer internship here unless it was in the Scene Program or Scotia Capital. Even in Scotia Capital do not expect to gain a vast array of knowledge.

Cons

The major problem is there is no streamlined recruiting procedure for summer students. Once you get in, you are on your own to ensure that you find a place to come back. Unlike other well defined intern programs there is simply no way to continue forward other then personal networking. However the roles that they have interns fill is typically pretty mundane. There is nothing but simple research and minimal analysis to be completed. There co-ops typically take up most of the intern spots at the firm with the "Scotia brats" taking up the rest. There are much better places to work.

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Glassdoor has 14,401 Scotiabank reviews submitted anonymously by Scotiabank employees. Read employee reviews and ratings on Glassdoor to decide if Scotiabank is right for you.