Scotiabank reviews

3.8

73% would recommend to a friend

(11,090 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 11,090 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
Mar 20, 2019

They Try

Recommend
CEO approval
Business Outlook

Pros

benefits start right away, room for growth

Cons

managers play favorites, they put their staff down and get away with it, ridiculous policies that claim to be "legally required" yet no other FI uses them.. workplace gossip. Way underpaid for what is expected. Micromanagement

1.0
Feb 12, 2019
Recommend
CEO approval
Business Outlook

Pros

There will ALWAYS be tons of job postings at Scotiabank because of the high turnover and the toxic environment.

Cons

Scotiabank's performance management system has the following 3 steps: 1) Tell the employee they are NOT meeting expectations but NOT give them any specific reasons why. 2) Immediately, post the employees position in order to find a replacement. 3) Once a replacement is found, fire the employee. No-one in Canada who is mentally competent would want to work in such a toxic environment.

1.0
Dec 27, 2018

Financial Advisor

Recommend
CEO approval
Business Outlook

Pros

Workperks Employee share plan Staff account and credit cards

Cons

Where do I begin? 1. Lack of training required to do your work as expected by management. 3 months of training which mostly involves role play calls and little experience doing the actual work. When I asked if I could shadow someone on the job to learn the process I was told that I should know how to do it and if not, to go back and read the Job Aids (it's like reading a dictionary). 2. Promotions have nothing to do with merit or performance. I was told by interviewers when applying for a promotion that there is a lot to consider when hiring someone, particularly the number of men and women in branch so they will look for who fits in the branch at that time. 3. Be ready for a zero accountability workplace. Tasks will be reassigned and passed through multiple hands before reaching someone who will finally action it. No one is willing to take the responsibility of requests and will hand it off at any given opportunity. 4. If you have a concern, keep it to yourself. The human resources department is only there for show. They will listen to your concern regardless of the validity and take no action to improve your situation. My religion was openly mocked in front of my colleagues. When I raised this concern with the department, after an "extensive investigation" they said it was a "harmless joke" and that was the end of it. In fact, they were asking me what I did to make him say something like that. 5. Very high turnover. The gist of it is that you are expendable.

Viewing 265 - 267 of 11,090 Reviews

Glassdoor has 14,433 Scotiabank reviews submitted anonymously by Scotiabank employees. Read employee reviews and ratings on Glassdoor to decide if Scotiabank is right for you.