Scotiabank reviews

3.8

73% would recommend to a friend

(11,087 total reviews)
avatar

Scott Thomson

74% approve of CEO

63% positive business outlook

Scotiabank has an employee rating of 3.8 out of 5 stars, based on 11,087 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
Nov 27, 2018

FINANCIAL ADVISOR

Recommend
CEO approval
Business Outlook

Pros

1. Customers are great and (i know it sounds cliche but....) it feels good knowing you are helping them achieve their goals. 2. Good benefits like health card, free banking, discount on iTrade 3. Huge organizations so lots of potential for growth (If by some miracle you get called for a position you applied for online, usually promotions given to friends and favorites

Cons

1. Office gossiping is very high and the Managers sit and do nothing to help the sales team meet goal. The pressure is completely on you. 2. Tremendous amount of paperwork and service issues that takes up the advisors time. Your whole day can get ruined with paperwork 3. Sales goals are ridiculous and stressful 4. Compensation is not worth the stress. FA4 $40k, FA5 $50k, FA6 $65k. Goals 12mil, 18mil, 26mil respectively for a medium size branch 5. High turnover (Maybe treat current staff properly and this will change). Also customers hate when their advisor changes often 6. When you leave work your mind will still be there (high stress environment)

1.0
May 14, 2018
Recommend
CEO approval
Business Outlook

Pros

-Salary is decent -Benefits are good -Depending on location, coworkers can be nice

Cons

-Not paid nearly enough for the stress you have to deal with. -Management are entirely incompetent and training is horrible (be prepared to learn almost everything on your own or be fired). -Corporate culture is built on selling as much as possible, ethics be damned. -You will be shamed and ostracized for sticking up for customers and trying to sell products ethically. -If you are not a yes-man you will not be promoted. -You are expected to work overtime without pay, because in a sales position overtime is "voluntary". -Sales targets and micromanagement increase every year, they are now both at absurdly high levels. -Upper management have no clue what is happening at branch level and keep making entirely impractical recommendations that make our lives infinitely more difficult. -Internal systems are always buggy/down and having constant problems.

Viewing 223 - 225 of 11,087 Reviews

Glassdoor has 14,428 Scotiabank reviews submitted anonymously by Scotiabank employees. Read employee reviews and ratings on Glassdoor to decide if Scotiabank is right for you.