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      Scotiabank

      Engaged Employer

      Scotiabank reviews

      3.8

      73% would recommend to a friend

      (11,084 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 11,084 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).

      Ratings by demographic groups

      Reviews by job title

      11K reviews
      1.0
      May 29, 2014

      Not much to say If you know anyone to put you in you can get paid higher than other even can promote in no time

      Credit risk administration officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      After 5 years of employment no Pros to say there are still honest working good people but they are all minority among the corrupted ones

      Cons

      You need a hook up to get a job You need a hook up to get paid more the others you need a hook up to promote if you don't have any hook up you can even get fired regardless how hard you work to open a space for a new hook up

      1.0
      Oct 24, 2013

      Extremely Political

      Programme analyst
      Recommend
      CEO approval
      Business Outlook

      Pros

      Stable employment, job security, good work life balance

      Cons

      poor corporate culture rewards posturing over hard work. Very boring work, technology is 10 years behind and management really has no idea how to motivate staff. Benefits are terrible you have to pay out of pocket if you want medical & dental coverage.

      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 133 - 135 of 11,084 Reviews
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      ReviewsScotiabank 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.