Hi. Recruiter reached out for L9 role with Scotiabank in Toronto. Title says Director. Base pay 195k + 20k cash bonus + 20% performance bonus. Always heard that Canadian banks are on a lower scale in terms of pay. Is this an achievable salary scale at Scotia or could there be any surprises later on during the process. Wanted to check before committing my time for the interviews. Thanks

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I did not think that Scotia or any bank was paying that much base for director level. Check again. Politics is high at the banks though. So that’s one thing to watch out for.

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Wow that’s higher than I expected. That feels high… seems more like Sr. Director pay at RBC.

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What group with Scotiabank

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I think it really depends on the role at Scotiabank. What’s the role and which business line? It is possible and I know they pay higher rates for ex-consultants

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No way director role pays that much at any Canadian bank

That seems higher end but not impossible that bonus is very very unlikely It might be contract too as Scotia has a shadow hiring freeze right now As always take the meeting and expect the process to be long

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