Scotiabank
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Scotiabank Financial Advisor yearly salaries in Canada

Salary estimated from 14 employees, users, and past and present job advertisements on Indeed in the past 36 months.Last updated: August 22, 2020
$48,305 per year
15% Below national average
Job openings matching Financial Advisor in Scotiabank
Brandon, MB
Our Advisors are customer-centric and able to connect with people in a relatable way. We are committed to investing in our employees and helping you continue…
15 hours ago
Thunder Bay, ON
Our Advisors are customer-centric and able to connect with people in a relatable way. We are committed to investing in our employees and helping you continue…
15 hours ago
Prince Albert, SK
Our Advisors are customer-centric and able to connect with people in a relatable way. Join the Global Community of Scotiabankers to help customers become better…
2 days ago
Winnipeg, MB
Financial Advisor- Mobile in Manitoba. Our Advisors are customer-centric and able to connect with people in a relatable way. What your role will be….
15 hours ago
See all jobs matching Financial Advisor in Scotiabank
Reviews about Pay & benefits for Financial Advisor at Scotiabank
4.0
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Goal driven
Most rewarding part of the job is when you see customer getting financially literate and adept. Sales goal are realistic but comes with proactive calling which will have to be done even sales goal are exceeded.
Pros
benefits and incentive pay
Cons
unrealistic goals
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3.0
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Good Place to get started. Poor Standards and Ethics
Fine people, fine culture. Most of the people are nice, and management team respect employees.
Compensation are fine--above market average, and good additional compensation.


However,

1) All the banks(not just Scotia) would never treat people equally and nicely unless you are rich. They all advocate that they treat people nicely and equally regardless of their nationality, race, economic status and occupations. That's a lie.


2) This is a Sales Role. It means that sales is everything. If you want to follow code of conduct, standards and ethics, you would never be successful. Sales is everything--again, all the banks are the same, not just Scotia(Scotia is actually comparatively better than its competitors regarding to this).


3) People are really nice and respect each other, and that holds to be true at 99% of the time. The 1% being left is that if the issue is related to their sales------You can spend 3 days to work for a customer in order to gain the customer's respect and trust; however, a senior would tell you that this customer has been assigned to other people when the customer is about to bring you big sales. Again, this job is all about sales.


4) You don't need a college degree, and you don't need to have any financial knowledge to do a sales role. They would train you how to make people happy and getting sales instead of teaching your financial knowledge--If you don't trust me, ask a FA to calculate interest payment/amotization/mortgage payment/rate of return for investment for you by using a financial calculator or excel; I would certainly asset 95% of them
 - more...
Cons
Sell or go home
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4.0
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great colleagues, good vision. Very competitive with targets. rolling increase year over year.
like all banks, too little pay for the required time to establish success. they need to really incentive employees more and pay them for extra time worked.
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How much does a Financial Advisor make at Scotiabank in Canada?
Average Scotiabank Financial Advisor yearly pay in Canada is approximately $48,305, which is 15% below the national average.
Salary information comes from 61 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Please note that all salary figures are approximations based upon third party submissions to Indeed. These figures are given to the Indeed users for the purpose of generalized comparison only. Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures.