Scotiabank reviews

3.8

73% would recommend to a friend

(11,084 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 11,084 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 17, 2017

Director

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Flexible and entrepreneurial environment. Will enable you to learn however the continuous cost cutting and streamlining of roles will stunt your abilities to move up.

Cons

Sr. leadership is not trustworthy, disorganized in lauching initiatives, complicated Bank, no advancement.

1.0
Jan 29, 2017

Financial Advisor

Recommend
CEO approval
Business Outlook

Pros

You got a job if you think this is a nice place to start a career you are sorely mistaken

Cons

Unrealistic expectations, they are incredibly demanding. Salary for an FA4 is way below the industry, $40k to start and you are questioned by everyone along the way while on training specially when you have to read a lot and been challenged as of how much you are actually retaining. Their model is ridiculous as you have to know the CEM, do the appointment interview, the full CIS and total view, you will always be asked as of why you didn't get more business from the original reason and it's all about pushing into the digital channels and you are expected to stay extra hours because you have to do the Mopping Tomorrow As a new Financial Advisor you are expected to retain everything you learn, go the extra mile, be really aggressive with your attitude , you will have to report to your in branch coach, learning facilitator, call instructor and you will be given all kinds of centralized opportunities from customers who only have one product and you will have to proof the bank that you can sell at least 2-3 more products (go figure, you just started yet they so expect you to know all their products and services. Good luck learning everything involved in a STEP restructure) If you have your PFP/CFP and think you will be doing financial planning good luck as they are so pushy with lending and if your branch is on the "wave" a fully qualified Senior FA will spend 2-3 hours in cash as a teller or with the iPad helping the line up The worst model and bank I have worked

1.0
Jan 19, 2017
Recommend
CEO approval
Business Outlook

Pros

They pay you on time.

Cons

Becoming a low cost bare bones shop. Trying to get enterprise host systems to act as if they are java web apps. When was the last time an app came out working properly? that's okay to play your games, but not okay for core banking software

Viewing 121 - 123 of 11,084 Reviews

Glassdoor has 14,423 Scotiabank reviews submitted anonymously by Scotiabank employees. Read employee reviews and ratings on Glassdoor to decide if Scotiabank is right for you.