Scotiabank

Canadian multinational banking & finance institution
Last updated:
January 23, 2026
Company details
HQ
Toronto, Canada
HEADCOUNT
10000+
ORG TYPE
Corporate
SECTOR
Finance
About the company
Scotiabank (Bank of Nova Scotia) is a major bank focused on the Americas, offering personal and commercial banking, wealth management, and capital markets services. Scotiabank serves retail customers, small businesses, and large corporates, alongside institutional clients through Global Banking and Markets. Scotiabank also operates Tangerine, the company’s direct banking business in Canada. Scotiabank’s stated footprint spans 22 countries.
Locations and presence
Scotiabank is headquartered in Toronto and operates across Canada, the U.S., and multiple markets across Latin America and beyond. Office expectations vary by role, and public reporting indicates many corporate teams have been moved toward at least four days per week in-office in Canada, while some functions remain remote.
Palpable Score
76.5
/ 100
Scotiabank is a strong early-career option because Scotiabank runs recurring internships and co-ops throughout the year and backs new graduates with named rotational development programs under the TILT umbrella. Scotiabank is also more transparent than many banks on “what happens next” in hiring and offers real training infrastructure, but Scotiabank shares limited cohort-level outcomes (conversion rates, retention, promotion timing), which caps the score.
Pillar 1: Early-career access

Score

17.5
/ 20
  • The company publishes recurring internship and co-op intakes that start in January, May, and September, with opportunities spread across 10+ business lines including Technology, Finance, Risk, Marketing, and HR.
  • Scotiabank runs distinct early-career pathways beyond standard internships, including the Velocity student development program and multiple TILT new graduate rotational programs across different streams.
  • The company offers specialised pathways like the THRIVE summer program in Global Banking and Markets and a visible campus events calendar that feeds early applications.

Pillar 2: Hiring fairness and transparency

Score

15.0
/ 20
  • The company publishes a clear “How to apply” flow (preliminary interview, assessments where applicable, interviews, screening, reference checks) so first-time applicants can anticipate stages.
  • Scotiabank states in at least one 2026 internship posting that internships, co-ops, and new graduate program applications do not require resumes, using a PLUM profile plus a one-way video interview instead.
  • The company has mixed transparency on timelines and feedback norms beyond the stage list, and candidate-reported experiences show process consistency varies by team and location.

Pillar 3: Learning and support

Score

16.5
/ 20
  • The company describes Velocity as an enhanced student development experience built around workshops, speaker events, skill-building sessions, and being paired with multiple mentors.
  • Scotiabank describes TILT programs as rotational and structured, with program managers, executive masterclasses, mentorship, capstone projects, and bank-wide cohort community elements.
  • The company’s Global Banking and Markets internship materials reference bank-wide orientation, leadership exposure, in-depth training, and ongoing coaching and feedback, rather than “learn by osmosis.”

Pillar 4: Pay fairness and stability

Score

14.5
/ 20
  • The company publishes explicit salary ranges in some early-career job postings, including U.S. internship roles that list a specific annual salary figure and a pay-range disclaimer.
  • Scotiabank is recognised publicly for benefits and development supports that matter early-career, including tuition support and structured training options described in external employer profiles.
  • The company’s pay transparency is not consistent across geographies and many Canada-based student and graduate postings still rely on candidates progressing to later stages to learn compensation details.

Pillar 5: Early-career outcomes

Score

13.0
/ 20
  • The company describes specific early-career pathways that lead to next-step roles, including THRIVE stating successful completion can lead to a return front-office internship the following summer and Accelerate roles describing progression into banker positions after rotations.
  • Scotiabank shows mid-range progression sentiment in large-scale employee reviews, with “career opportunities” scoring around the middle rather than standing out as exceptional.
  • The company does not publish consistent cohort outcomes such as intern-to-offer rates, TILT placement rates after rotations, promotion timelines, or early-career retention figures, limiting confidence about typical outcomes.

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