Scotiabank reviews

3.8

73% would recommend to a friend

(11,069 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 11,069 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
Jun 12, 2008
Recommend
CEO approval
Business Outlook

Pros

Honestly at this point length of service and proximimity to retirement date. In the past it was a great place. Because of the size and multiple locations it does offer diversity in job options.

Cons

In the past the Bank had employees now they have resources. Overtime is a big issue, for the job level I now occupy some overtime is expected. The problem is due to the nature of the job you can hit stretches where you need to put in an additional 20 hours for many weeks in a row. No compensation is offered and it has been made very clear, that you had better not even ask. In other departments at the same level excessive overtime is compensated with time off or pay. I have families and a personal lifes and when I am at work I am not the only wo is deprived.

5.0
Jun 12, 2008

Scotiabank... you'll be here for a while

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Of all the major banks in Canada, Scotiabank is the one that will provide you with the most job security and loyalty to their employees. It rarely cleans up shop, like other banks, and fires a large amount of people In addition, it is also the best bank in terms of allowing you to work at your own pace and balance your personal life with work (opposed to employers that lock you down for long hours). Plenty of people at Scotiabank have been there for 30+ years and expect to retire there. I've heard many stories where Scotiabank, and its subsidiaries, have recruited people from other companies and stayed at the bank indefinitely. Also, it is great at providing employees with various events to spice up the day, whether its a charity run, a fundraiser, social committees or what not, it makes it feel like a university club atmosphere.

Cons

The flipside of job security is that it rarely fires incompetent people, rather they would just transfer them around to other departments.

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Glassdoor has 14,405 Scotiabank reviews submitted anonymously by Scotiabank employees. Read employee reviews and ratings on Glassdoor to decide if Scotiabank is right for you.