Scotiabank Pay & Benefits reviews

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Friendly and Productive
Administrative Officer (Current Employee) –  Toronto, ON7 January 2018
A Bank with diverse culture employees. Every team member is treated equally. Scotiabank empowered their employees to give their valuable feedback and opinions for the betterment of the company and customer experience. Great team-- really hard working and cared about work life balance. Excellent growth opportunities. Management cares about your career advancement and personal development. Practices are changing constantly, you will learn something new each day. Good benefits and flexible work hours.
Pros
Lots of work perks and corporate discounts
Cons
Long hours
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A Good First Step
Financial Advisor (Current Employee) –  Waterloo, ON5 January 2018
Scotiabank as a whole is a good place to work. Like all others, it has it's drawbacks. The greatest benefit though, is the amount of knowledge you can aquire in a short period of time. From investing, to lending, to estate, to general personal banking, it acts as a great stepping stone.
Pros
Good place to learn
Cons
Mediocre pay, high stress/pressure, little incentive.
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Political and drama
teller (Former Employee) –  Calgary, AB15 December 2017
It's was a great job to be at but not very secure job. They have laid off people without us knowing the reason for 2 months. Which gave us anxiety. Left with no supervisor and no manager for months plus branch manager moved in different location it was very hard. Typical day at work is helping customer it was not physically exhausting but mentally and sanity draining but being with the right team can make your day lighter. Seriously, training in mcdonalds is better than Scotiabank. Because of goals being set to high everyone is pressured yearly to put more money in. Managers are very upsetting who does not even show gratitude.
Pros
benefits for regular employees
Cons
no proper training
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Good place to work, flexible hours for students, high pressure job
Senior Accounting Clerk (Current Employee) –  Stratford, ON10 December 2017
Its a high pressure job which gets boring sometimes as it requires to do same things constantly. However, the pay is decent and people are nice to work with. There is lots of overtime offered as well
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Unrealistic expectations, product driven
Financial Advisor (Former Employee) –  Grande Prairie, AB7 December 2017
Decent salary. High paperwork, compliance and sales targets. Be aware that focus has shifted from customer planning to product driven sales in recent years. Any financial advisor working at a bank is looking for aggressive product sales, free advice is how you push your products. My experience near the end was 45min long meetings every morning were the person with the worst sales was questioned in front of their coworkers. No support from management and credit and lending manuals that were out of date compared to changing procedures.
Pros
decent benefits
Cons
lending guidelines not updated to allow smooth credit workflow
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Terrible Management, little to no breaks.
Customer Service Representative (Former Employee) –  Slave Lake, AB15 November 2017
Working here you will always be tired, hungry and on the brink of tears. Management doesn't care because they are worked even harder than you are. Pay is not good, not enough hours, no benefits.
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Good Work Environment
Credit Support Officer - Commercial Banking (Former Employee) –  Toronto, ON15 November 2017
Working at Scotiabank was a enjoyable experience, provided in-depth training and the necessary tools to succeed. Likes to promote within. Best part of working at Scotiabank was definitely meeting different people that were enjoyable and professional.
Pros
Good work/Life balance
Cons
Lower Salary in comparison to industry standards
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Fun workplace to work
Administrative Assistant (Current Employee) –  Kitchener, ON13 November 2017
Organization rules
System in place
Good benefits
Just fair salaries
Part time and full time jobs
Good friendly team
Too many opportunities to advance in your career
Pros
One hr lucnh
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No shortage of work to get done
Small Business Advisor (Current Employee) –  Yorkton, SK10 November 2017
I have enjoyed most all of the staff, management and customers. Changes in branch structure have made it difficult to meet the demands of the job requirements.
Pros
Flexible with personal obligations
Cons
No pay for overtime
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Clean work environment
Lending Services Officer (Current Employee) –  Mississauga, ON8 November 2017
Nice place to work, clean environment. Salary is not competitive. New management chose for hire rarely has knowledge on the position or department, and therefore makes it difficult to go to them for questions or advise.
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Good people to work with
Customer Solutions Expert (Former Employee) –  Toronto, ON7 November 2017
Good place to work overall. There is ample room for growth. Targets are aggressive. People are nice. Hours are long. Benefits are decent. People are always willing to help
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Productive and fun workplace
Ontario Customer Service Representative (Former Employee) –  Brantford, ON2 November 2017
Very professional environment. I enjoyed and loved the people I worked with. They are helpful and kind. The only pressure you have is with customers and their requests and having to complete in a time efficient manners. Overall, a very good working culture and experience.
Pros
Benefits
Cons
Deadlines
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Good
Customer Service Supervisor (Former Employee) –  King City, ON1 November 2017
best place to work, fair employer but loss of job because of new technology. very digital, fair to employees, not too good salary because at most is expected and less paid
Pros
Good
Cons
No
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Enjoyable environment with great staff and an inclusive culture
Not Telling (Current Employee) –  North Bay, ON25 October 2017
The hardest part of the job is not being able to share the experience you have with others outside of scotiabank due to confidentiality.

The fun part of the job is how much you can teach people about the financial system, how it functions, and how many recommendations you can make for people on a daily basis.
Pros
Benefits program, discount rates on all financial services
Cons
competitive, high pressure from management, profit driven
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good
Fraud Detection Analyst (Current Employee) –  Toronto, ON23 October 2017
Average place to work, good benefits.Would recommend to anyone looking for entry level position. Flexible with schedules , part timers able to pick up shifts.
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Great job for some people
Customer Service Representative (Teller) (Current Employee) –  Welland, ON22 October 2017
This job is great but not for everyone, a typical work day includes a lot of responsibility for other peoples money. you have to be very careful not to make mistakes as a little one can easily become a large problem.
Pros
benefits, holidays and weekends off depending on the branch, great staff
Cons
being responisble for other peoples money, high stress situations, chance of being robbed
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Beautiful ambiance, View,
Pre-Fund Review Officer (Former Employee) –  Toronto, ON21 October 2017
Scotia bank gave really good atmosphere to work on the best part was Independent work environment,I was on contract it was short time. good work culture
Pros
independent work culture
Cons
Training
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It was a fun place to work great co-workers.
LENDING SERVICE OFFICER (Former Employee) –  Calgary, AB20 October 2017
It was a fun place to work. Job was very busy and hard timelines which made the days go by fast and great atmosphere. Had a great sense of accomplishment at the end of each day.
Pros
Fun place to work good benefits.
Cons
Very busy
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Very Balanced with agile methodology
Sr.QA Automation / Selenium Tester (Former Employee) –  Toronto, Canada17 October 2017
I like agile methodology used in Scotia bank. It will put you in a balanced work environment.
I througly enjoyed working culture with flexible working hours.
Pros
Benefits, Flexible working hours
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Professional
Financial Advisor (Former Employee) –  NB6 October 2017
Standard work hours, but not easily flexible for appointments or family responsibilities. Although they have programs in place for employees, its very hard in smaller branches to have these approved due to limited employees in branch.
Pros
Benefits
Cons
Numerous Goals, Limited Flexibility in work hours
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Overall rating

4.0
Based on 2,494 reviews
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Ratings by category

Work/Life Balance
3.9
Salary/Benefits
3.6
Job Security/Advancement
3.6
Management
3.7
Culture
3.9