Scotia bank question

Distrust wrote: ↑ This is likely a level 4 role. Defined benefit plan. Matching 3% RRSP if you contribute 6%.

2 weeks vacation. (I believe, could be 3 weeks) 4 floater days and 4 sick days.

40k is correct.

Benefits are covered with their $1000 "flex" balance.

Onboarding position? Meaning bringing new counterparties setup in Arrow or getting all the documentations in order I guess? Correct me if I am wrong.

Career progression is low unless lateral movement and salaries do not increase very much between levels. But it's a "bank job" so your friends will think you're well off.

Ziggy007 wrote: ↑ Scotia dropped DB pension a couple years back, now it is a hybrid plan or straight DC, can't remember

Vacation is 16 days, 8 sicks days (with up to three for personal use).

mzainw wrote: ↑ I recently had an interview with Scotia bank for the Operations Officer, Onboarding position. I think it went well, i just wanted to know how hard it was working into a higher position in Scotia bank with the degree i have now and nothing else. my degree is: BA Business and Society Hons. Business Ethics & Corporate Social Responsibility and Law and Governance streams.

I also wanted to know about there benefits and pay in maybe a similar position, I asked both during and after my interview and was only given a ball park rage of 35-40k

thanks in advance.

Distrust wrote: ↑ Level 8 is senior manager. 90k base with 15% bonus.

RedLego wrote: ↑ Scotia does not provide ranges on their internal HR website. I highly doubt level 8 base starts at 90K, more conservative estimate would be high 70s (I based this number on BMO's base level 8 - 78K).

bhrm wrote: ↑ Level 8 starts at $90k.

traxton wrote: ↑ Anyone knows approximately how much salary a L8 draws at Scotia?

kobe360 wrote: ↑ What would level 7 be at Scotia? Is there a range? Also is it across all across Scotia or would certain lines of business matter like in capital markets.

coolspot wrote: ↑ My guess is approximately $90 - 110K base and 20 - 25% bonus but this depends on the job.

However, from what I hear, morale isn't so great these days - lots of involuntary turnover if you know what I mean.

Depends on role, but between $70K and 90K + 20% bonus.

Ziggy007 wrote: ↑ Your bonus numbers are off unless they are higher in retail environments.

L7 base bonus is 10%
L8 base bonus is 12%

They perk up with personal and company performance but would never hit the high values you listed there.