Scotiabank reviews

3.8

73% would recommend to a friend

(11,087 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 11,087 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
1.0
Dec 4, 2017
Recommend
CEO approval
Business Outlook

Pros

sundays off so you can spend time with family.

Cons

i have worked at Applewood mississauga branch and Westwood Mall Mississauga branch. Terrible training. you are given 4 months of reading to be followed by 2 months of job shadowing. Managers have no idea of the training program, because they were trained differently 100 years ago. they are not updated by headoffice how new recruits are to be trained. at my first location, manager told me to read the materials. Applewood is primarily a mature branch = where most clients are older clients, with existing accounts, mortgages, lines of credit etc. there was hardly any new accounts opening. i was told to job shadow but those would have been about complicated matters such as mortgage and estate planning, so you cant job shadow those until you have read the material related to them in your 3/4th month. 3 months in the training, i got transferred to Westwood Mall in July which was peak season for intl students in the area. here the scene was opposite. there were myriads of students accounts and credit cards - so many that the months of july and august were primary spent on students accounts opening - almost 4-5 per day. entry level recruits were given students accounts. after the student rush went down, i was told to catch up with my training - then they advised me to find out from other advisors who were available each day so i could job shadow them. but advisors were busy meeting their targets. every day meetings would get cancelled, and advisors are not good trainers because they have enough on their plates to meet weekly/monthly targets. some advisors often made up meetings and agenda in the morning meetings, because they were already many years into their work, their agenda in the mornings were not exactly matched. managers did not play any role in training. cronysm - one advisor got hired after me through his sister who was at another branch. and i found out he was given a dedicated advisor to train him while i did not get the same, although i had joined 3 months before him and, of course, i did not have a bro or a sis in the bank. hazards if being team player - if u, the recruit, think u r gonna get brownie points by going the extra mile and doing something else to help the manager(s) which is not in your training plan, in the end it will bite you. stick to your training plan. if managers ask for favours and tell you take customers, you have to say NO. being nice and a "yes" person in such environment will only get you kicked out later, because you would be sacrificing your own goals to help the branch with their issues, which do not matter to you.

1.0
Aug 14, 2017

Financial Advisor

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The only pro is that there is a salary that is paid on time. This job is nothing but a paycheque. If you have a good manager the office environment can be good. Work life balance is good because no one works overtime after the bank got sued for forcing people to without pay.

Cons

The sales goals are absurd, and they grow every year. When goals go up significantly without any increase in pay, its the same as a paycut. The incentive pay is a joke, especially when its near impossible to reach the required sales. The base salaries start off far below market as well. Do whats right for the client is a catch phrase that means very little. The turnover rate is very high and there are chronic issues with staffing, making it much harder on the remaining branch staff.

2.0
Aug 3, 2017

Business Analyst

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

good benefits and yearly performance bonus

Cons

Bad culture, Very little collaboration amount teams for initiatives. Company really struggles to become more innovative and keep up with technology. It keeps building code on top of out dated platforms, horrible way to do things.

Viewing 226 - 228 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.