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Scotiabank
3.9
based on 26 Reviews
Company Overview
Company Locations
Working at Scotiabank
Company Summary
Scotiabank operates in the financial services sector, offering diverse banking solutions globally, catering to consumer and corporate needs.
Overall Rating
3.9/5
based on 26 reviews
Highly rated for
Work-life balance, Company culture, Job security
Work Policy
Monday to Friday
88% employees reported
Flexible timing
61% employees reported
No travel
87% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Free meal
2 employees reported
Health insurance
2 employees reported
Job/Soft skill training
2 employees reported
View detailed benefits
About Scotiabank
Founded in1832 (193 yrs old)
India Employee Count--
Global Employee Count50k-1 Lakh
HeadquartersToronto, Canada
Office Locations
--
Websitescotiabank.com
Primary Industry
--
Other Industries
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The Bank of Nova Scotia (aka Scotiabank) A multinational winning team Scotiabank provides retail, corporate, and investment banking services around the world. Scotiabank is a leading multinational financial services provider and Canada's most international bank. Since welcoming our first customers in Halifax, Nova Scotia, in 1832, Scotiabank has continued to expand its global reach. Today, through our team of more than 83,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal, commercial, corporate and investment banking, to over 19 million customers in more than 55 countries around the world. A Best Workplace Scotiabank is a premier financial institution and Canadaâs most international bank recognized as a Best Workplace®, in Canada, Mexico, El Salvador, Costa Rica, Puerto Rico, Dominican Republic, Panama, Peru, and Latin America by the Great Place to Work® Institute.
Mission: Scotiabankers have the purpose to be the best at helping customers become financially better off in a changing world.
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Scotiabank Ratings
based on 26 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
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12
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7
3
4
2
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3
Category Ratings
4.3
Work-life balance
4.0
Company culture
4.0
Job security
3.8
Salary
3.8
Skill development
3.4
Promotions
3.4
Work satisfaction
Scotiabank is rated 3.9 out of 5 stars on AmbitionBox, based on 26 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Scotiabank Reviews
Top mentions in Scotiabank Reviews
Compare Scotiabank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 26 reviews | 4.0/5 based on 4.8k reviews | 4.0/5 based on 38.3k reviews | 3.7/5 based on 4.6k reviews |
Highly Rated for | Work-life balance Job security Company culture | Work-life balance Job security Company culture | Job security Skill development Company culture | No highly rated category |
Critically Rated for | No critically rated category | Promotions | No critically rated category | Promotions |
Primary Work Policy | - | Hybrid 87% employees reported | Work from office 91% employees reported | Hybrid 76% employees reported |
Rating by Women Employees | 3.9 Good rated by 9 women | 3.8 Good rated by 1.5k women | 3.9 Good rated by 10.1k women | 3.7 Good rated by 1.4k women |
Rating by Men Employees | 3.8 Good rated by 12 men | 4.0 Good rated by 2.9k men | 4.0 Good rated by 26.4k men | 3.7 Good rated by 3k men |
Job security | 4.0 Good | 4.0 Good | 4.1 Good | 3.7 Good |
View more
Scotiabank Salaries
Scotiabank salaries have received with an average score of 3.8 out of 5 by 26 employees.
Senior Business Analyst
(4 salaries)
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₹15 L/yr - ₹50 L/yr
Senior Financial Advisor
(4 salaries)
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₹42 L/yr - ₹45 L/yr
Security Analyst
(4 salaries)
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₹5 L/yr - ₹12 L/yr
Associate Director
(3 salaries)
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₹49 L/yr - ₹50 L/yr
Accounts Officer
(3 salaries)
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₹4.8 L/yr - ₹7 L/yr
Solution Architect
(3 salaries)
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₹40 L/yr - ₹70 L/yr
Analyst
(3 salaries)
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₹12 L/yr - ₹13.5 L/yr
Financial Analyst
(3 salaries)
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₹13 L/yr - ₹28 L/yr
Business Analyst
(3 salaries)
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₹23.5 L/yr - ₹90 L/yr
Data Scientist
(2 salaries)
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₹47.5 L/yr - ₹52.5 L/yr
Scotiabank Interview Questions
Interview questions by designation
Top Scotiabank interview questions and answers
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Scotiabank News
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TSX Starts out Negative
- The TSX Composite Index fell 43.75 points to open Thursday at 25,284.63.
- RBC reported a higher first-quarter profit on Thursday, but the shares dropped by 3.2%.
- Shares in BMO backtracked 19 cents to $48.90, while those for Scotiabank dropped 17 cents to $72.21.
- The S&P 500 traded lower on Thursday, remaining in its February funk.
Baystreet | 27 Feb, 2025
24 Resources to Support Black Entrepreneurs in Canada
- Black entrepreneurs often face additional challenges due to systemic barriers. To bridge this gap, we’re introducing a sought-after resource guide: Resources for Black Entrepreneurs in Canada
- Calgary Black Chambers supports young Black and BIPOC entrepreneurs. Black Business Ventures Association helps Black founders start and build their tech businesses. Real Ventures, early-stage venture capital firm supporting entrepreneurs through mentoring. Black Entrepreneurship Alliance accelerator that supports Black entrepreneurs through various programs. TD Bank Black Entrepreneur Credit Access Program, provides Black entrepreneurs with access to credit.
- Scotiabank Black-Led Business Financing Program offers eligible Black entrepreneurs term loan for capital investments up to $250,000! DMZ’s Black Innovation Programs provide Black-owned tech startups programs such as BIP stream. BKR Capital is a Canadian venture capital fund that solely invests in Black-led startups and businesses.
- Black Business Association of BC provides various programs & resources for building your retail strategy, creating sustainable growth, and networking opportunities. Tribe Network’s Black Start-up Project provides access to resources, education, training, capital, mentorship, & coaching. Black Founders Network is open to Black-identifying University of Toronto’s students.
- Futurpreneur’s Black Entrepreneur Startup Program provides startup loan financing and access to mentorship for Black Entrepreneurs aged 18 to 39. FACE’s Black Entrepreneurship Loan Fund provides loans of up to $250,000 to support Black-owned businesses and entrepreneurs across Canada. RBC’s Black Entrepreneur Program provides access to loans of up to $250,000.
- Black Opportunity Fund facilitates access to capital for Black-led businesses and provides access to grants to Black-led non-profits and charities. Atlantic Canada Black Entrepreneurship Ecosystem Program provides access to business development support, counselling and mentorship. ANZA’s Black Entrepreneur Ecosystem Program is designed to help Black youth ages 18 to 30 generate business ideas.
- Canadian Blk Women in Excellence Society empowers and supports Black women and Black Female Youth through tailored empowerment programs. Black Entrepreneurs and Businesses of Canada Society (BEBC Society) strives to support Black entrepreneurs through their initiatives and pitch contests. Black North hosts B.E.G.I.N. Program to support Black entrepreneurs.
- Black Entrepreneurship Knowledge Hub is a national network of six regional research hubs dedicated to advancing Black entrepreneurship through research and actionable insights. BBI fosters the growth of Black-owned businesses and prosperity across Canada. BACEL program empowers over 400 Black entrepreneurs nationwide with business and life skills training.
Startupcan | 3 Feb, 2025
Banco Davivienda Gains Slice Of Scotiabank’s Operations
- Banco Davivienda has acquired Scotiabank’s operations in Colombia, Costa Rica, and Panama in exchange for a 20% stake in its company.
- The acquisition makes Banco Davivienda the second-largest institution in Colombia, with over 27 million clients in the region.
- Scotiabank will continue to serve corporate, wealth management, and global clients in the three countries.
- The deal is expected to take around 12 months to finalize, and Banco Davivienda will gain access to Scotiabank's global experience.
Global Finance Magazine | 1 Feb, 2025
Excellence in Repo: Leslie Hillsamer, Scotiabank
- Leslie Hillsamer, Director, Repo Sales, Scotiabank, won Excellence in Repo at Markets Media Group’s 2024 Women in Finance (U.S.) Awards.
- Leslie Hillsamer reflects on her career achievements and creating a new sales growth strategy at Scotiabank.
- Outside of business, Leslie Hillsamer has a passion for competitive activities like sports and music.
- Leslie Hillsamer is proud of her commitment to DEI initiatives and her 80-person mentorship program at Scotiabank.
Intelalley | 18 Dec, 2024
Excellence in Operations: Angela Gilson, Scotiabank
- Angela Gilson, Managing Director, Head of GWO, U.S., Scotiabank, won Excellence in Operations at Markets Media Group’s 2024 Women in Finance (U.S.) Awards.
- She is motivated by doing more, enjoys working in large corporations and building teams in the operations field.
- Angela has had impactful mentors in her career, including her father, and finds fulfillment in mentoring others.
- She takes pride in the teams she has managed and looks forward to the advancements in automation and AI adoption in the operations sector.
Intelalley | 17 Dec, 2024
Stocks Punished on Day, Week
- Canada's main stock index, TSX, extended its losses from the previous session on Friday. The index lost 146.78 points to finish at 25,263.93, resulting in a weekly loss of 417 points, or 1.62%.
- Scotiabank received approval from the U.S. Federal Reserve to buy up to 14.99% of the voting shares in KeyCorp, boosting its exposure to developed markets. Scotiabank shares gained 34 cents to $78.92.
- The information technology sector received a boost, with Celestica reaching a record high and Dye & Durham also gaining. On the other hand, Enghouse Systems missed revenue estimates, resulting in a drop in their stock.
- Gold and resource stocks faced declines, while communications stocks also experienced negative performance. Motor vehicle sales declined in October, while manufacturing and wholesale sales saw increases.
Baystreet | 14 Dec, 2024
Big Jump in Store for TSX
- Futures linked to Canada's main stock index rose on Friday, lifted by crude prices.
- The TSX dropped 1% in the previous session.
- December futures increased by 0.2%.
- In corporate news, Scotiabank received approval to buy up to 14.99% of KeyCorp's voting shares.
Baystreet | 13 Dec, 2024
Davivienda Considers Assets Of Scotiabank In Colombia
- Banco Davivienda of Grupo Bolívar is considering a deal with Scotiabank for their Colombia and Central America assets.
- The transaction amount is unknown, but it is expected to be significant, making it the most important financial transaction in the Colombian sector this year.
- Scotiabank entered the Colombia market in 2012 and is now negotiating the sale of its retail business to Davivienda.
- Davivienda has confirmed its interest in mergers and acquisitions, but the purchase of Scotia's assets has not been finalized.
Global Finance Magazine | 5 Dec, 2024
TSX Enjoys Moderate Gains
- The TSX gained 45.4 points to end Tuesday at 25,635.73
- Gold led the parade of winners, with New Gold jumping 27 cents, or 7.1%, to $4.09
- Scotiabank reported a higher fourth-quarter profit
- The S&P 500 inched higher Tuesday, eking out another record close
Baystreet | 4 Dec, 2024
Futures Rise on Energy Boost
- Futures tied to Canada's main stock index rose on Tuesday, supported by crude prices.
- The focus was on Bank of Nova Scotia's quarterly results, marking the beginning of the earnings season for Canadian banks.
- Scotiabank reported higher fourth-quarter profit, setting aside a smaller amount in rainy-day funds and earning more from interest.
- Investors awaited the October job openings report and upcoming data releases to understand the strength of the labor market.
Baystreet | 3 Dec, 2024
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Scotiabank FAQs
When was Scotiabank founded?
Scotiabank was founded in 1832. The company has been operating for 193 years.
Where is the Scotiabank headquarters located?
Scotiabank is headquartered in Toronto.
Does Scotiabank have good work-life balance?
Scotiabank has a work-life balance rating of 4.3 out of 5 based on 20+ employee reviews on AmbitionBox. 73% employees rated Scotiabank 4 or above on work-life balance. This rating reflects the company's efforts to help employees maintain a healthy balance between their personal and professional lives. We encourage you to read Scotiabank work-life balance reviews for more details
Is Scotiabank good for career growth?
Career growth at Scotiabank is rated as moderate, with a promotions and appraisal rating of 3.4. 27% employees rated Scotiabank 3 or below, while 73% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Scotiabank reviews for more detailed insights.
What are the pros of working in Scotiabank?
Working at Scotiabank offers several advantages that make it an appealing place for employees. The company is highly rated for work life balance, company culture and job security, based on 20+ employee reviews on AmbitionBox.
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