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      Scotiabank

      Engaged Employer

      Scotiabank reviews

      3.8

      74% would recommend to a friend

      (11,117 total reviews)
      avatar

      Scott Thomson

      74% approve of CEO

      64% positive business outlook

      Ratings by category

      4.1

      Diversity & inclusion

      3.8

      Culture & values

      3.7

      Work/Life balance

      3.7

      Compensation and benefits

      3.7

      Career opportunities

      3.5

      Senior management

      Scotiabank has an employee rating of 3.8 out of 5 stars, based on 11,117 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).

      Ratings by demographic groups

      Reviews by job title

      11K reviews
      2.0
      Jun 27, 2017

      Director

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Strong rating and global presence

      Cons

      Poor culture, no strategy, very political, no meritocracy. Mediocrity and politics win out.

      3.0
      Jul 16, 2014

      Good work life balance

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Training content was in depth. Great people to work with. Senior and district Management genuinely wants to be a part of the learning process with staff.

      Cons

      Pay does not match up with the knowledge expected. Benefits are not great. There is a great learning plan but no time allocated to work on it. Policies are always changing it's hard to keep up to date. Knowledge required for the job is too much for one person.

      2.0
      Dec 28, 2009

      Top tier Canadian Bank - bottom tier US/Global bank

      Associate director
      Recommend
      CEO approval
      Business Outlook

      Pros

      great work life balance (no weekends, very rarely late nights) good place to learn efficiency/cost reductions recently purchased a commodity trading team from UBS, rates trading unit too - took advantage of US bank environment over past year to snatch up competitors

      Cons

      inverted pyramid - a lot of chiefs running around, very few junior staff to develop and support poor technology (since its a Canadian bank, its IT is similar to US co's 10+ years ago) very small platform in US, so hard to cross sell and generate corporate interest lack of investment on corporate banking side - 4 years ago 46% investment grade, now 80+% investment grade clients; lots of layoffs in NYC, San Fran, Chicago, and more to come!? Very few resources compared to competitors - embarrassing on pitches to see co's reaction to lack of analysis compared to other large firms

      Viewing 22 - 24 of 11,117 Reviews
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      ReviewsScotiabank reviews

      Glassdoor has 14,468 Scotiabank reviews submitted anonymously by Scotiabank employees. Read employee reviews and ratings on Glassdoor to decide if Scotiabank is right for you.