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      Scotiabank

      Engaged Employer

      Scotiabank reviews

      3.8

      74% would recommend to a friend

      (11,115 total reviews)
      avatar

      Scott Thomson

      74% approve of CEO

      64% positive business outlook

      Ratings by demographic groups

      Scotiabank has an employee rating of 3.8 out of 5 stars, based on 11,115 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 Financial Services industry (3.7 stars).

      Reviews by job title

      11K reviews
      3.0
      Oct 28, 2008

      Decent but could use improvement

      Director
      Recommend
      CEO approval
      Business Outlook

      Pros

      Relatively stable employer - very little overstaffing during the good times and minimal to no layoffs during down times.

      Cons

      Poor communication from senior management - seem to be very reactive and short term thinking.

      4.0
      Oct 25, 2008

      Great place to work, but they don't pay well

      It manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      I've found the employees are very friendly and there's a great social team that works in my department. Socially, this is the best place I've worked, but I'm not sure how much of that is a function of the company or just luck with hiring.

      Cons

      The pay is much lower than the norm.

      4.0
      Aug 20, 2008

      Weighting the Strengths and Weaknesses

      Account officer
      Recommend
      CEO approval
      Business Outlook

      Pros

      Scotiabank is a great place to work for anyone who is looking for a good balance between working life and personal life. As the norm for financial institutions in Japan, employees often work 10-12 hours a day. At Scotiabank, at least in Tokyo office, upper management stresses efficiency during the day and getting off on time (i.e. 5pm). In the current credit market, when financial giants like Lehman Brothers, Merrill Lynch, and Citibank, to just name a few, have been downgraded by rating agencies such as S&P and Moody due to its huge subprime related write-offs and Scotiabank is able to maintain its ratings (S&P: AA/Stable and Moodys: Aa1/Stable) with minimal subprime write-offs says a lot about the senior leaderships and its commitment to adhere to its credit guidelines. Senior management is quick to respond to changing markets with strategies well communicated to international units.

      Cons

      While there are strengths about one company, there are also weaknesses. While there are strengths about one company, there are also weaknesses: weak salary structure and weaker career development programs. The salary structures at its international units are not inline with market norms. I understand it is every Branch Manager’s (especially expatriates) goal to look good and show his/her ability to make a turnaround by keeping cost low and improve profitability but that should not come at the expense of its employees. The last time I compare the salary structure, it is about 12-30% lower than market norms Employee development programs/opportunities at the International units level is either not available or it is not communicated very well. Since I have joined the bank and I have not received any notice or email from the HR department in regards to employee development. In my view, if a company is not willing to spend its resources on an employee or a group of employees then the company views you or the group as expendable asset. So I guess the lack of development funding makes all of us in the international units very expendable.

      Viewing 11107 - 11109 of 11,115 Reviews
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      ReviewsScotiabank reviews

      Glassdoor has 14,466 Scotiabank reviews submitted anonymously by Scotiabank employees. Read employee reviews and ratings on Glassdoor to decide if Scotiabank is right for you.