Cons: Too many to list
Scotiabank can be a very difficult company to work for. I worked in 5 different branches during my 4 years there, progressively working my way up through the sales roles. I can't believe how political the company is. Many of the people in upper management don't deserve their positions at all. There is such great disconnect between them and the retail branches. Also, Scotiabank is notorious for paying much less than its competitors, and the benefits are not as competitive. For example, everyone's base pay is based off the average "market reference" for a similar job in the industry. I didn't know a single person who made the market reference or anywhere near it, and that is just the industry average. The closest I got is when I went to the extent of getting a competitor offer, and then trying to get them to match it. I only got 95% of the market reference. The last year was horrible and the drastic changes they made during the "One Customer One Bank" caused almost 100% of the sales team at my branch to quit, along with many other branches, which also negatively effects the customers. The amount of people who have gone on long-term disability and have taken early retirement due to the working conditions is scary. The pressure and stress to pay ratio the bank is putting on its employees just isn't right. However, on the bright side they are so desperate to hire new sales members that it's a great "in" to Financial Service and anybody who sticks around for a year or two can quickly move up within the branch because there are constantly openings due to people leaving.
I did work with many amazing people though during my time with the bank, and had some great managers, who I will remain friends with.