Scotiabank Salaries

159 total salary submissions
Avg. Hours Worked (92%)

The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company.

The number you see in the middle of the doughnut pie chart is the adjusted average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each workload given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

56.1
  • 10-20 Hrs
  • 20-30 Hrs
  • 30-40 Hrs
  • 40-50 Hrs
  • 50-60 Hrs
  • 60-70 Hrs
  • 70-80 Hrs
  • 80-90 Hrs
  • Over 90 Hrs
Relative Compensation (87%)

The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay.

The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

3
  • 1 Star
  • 2 Stars
  • 3 Stars
  • 4 Stars
  • 5 Stars

Average Scotiabank Salary

3.4
Total Median Pay
$114,000
Median Base Pay
$79,000
Median Bonus Pay
$35,000

How much does Scotiabank pay?

Base range:
$42,000 - $140,000

For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.

Bonus range:
$7,800 - $150,000

Scotiabank pays an average salary of $79,000 per year. This base compensation is the equivalent of $40 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at Scotiabank based on our data is actually 56 hours, which would bring down the true effective hourly rate to $29 on average. If you include the average bonus of $35,000, then the total average pay at Scotiabank would be $114,000 per year or $42 per hour at the 56 hour work week.

There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. Scotiabank pays the highest-paid employees over $195,000 a year, while the lowest-paid employees are paid less than $72,000. Scotiabank employees in different groups or divisions tend to have different salaries as well.For example, employees in the Derivatives sector earn an average yearly salary of $250,000.While employees in the Mergers And Acquisitions sector earn an average yearly salary of $80,253. Additionally, geographic location can impact the compensation for employees at Scotiabank as well. Based on the WSO data, Scotiabank employees in Houston and New York get paid the most.

Scotiabank Salaries

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Highest Paying Jobs at Scotiabank

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
3rd+ Year Associate
Year 2019
Job Title 3rd+ Year Associate
Group/Division Sales and Trading
Location New York
Pay Rate/Type
Bonus
Director
Year 2010
Job Title Director
Group/Division Derivatives
Location Toronto
Pay Rate/Type
Bonus
2nd Year Analyst
Year 2019
Job Title 2nd Year Analyst
Group/Division Investment Banking
Location Houston
Pay Rate/Type
Bonus
2nd Year Associate
Year 2012
Job Title 2nd Year Associate
Group/Division Investment Banking
Location Toronto
Pay Rate/Type
Bonus
Vice President
Year 2019
Job Title Vice President
Group/Division Investment Banking
Location Houston
Pay Rate/Type
Bonus
1st Year Associate
Year 2019
Job Title 1st Year Associate
Group/Division Oil & Gas
Location Houston
Pay Rate/Type
Bonus
2nd Year Associate
Year 2017
Job Title 2nd Year Associate
Group/Division Mergers and Acquisitions
Location Toronto
Pay Rate/Type
Bonus
Director
Year 2009
Job Title Director
Group/Division Derivatives
Location Toronto
Pay Rate/Type
Bonus
1st Year Associate
Year 2011
Job Title 1st Year Associate
Group/Division Investment Banking
Location Toronto
Pay Rate/Type
Bonus
Other
Year 2004
Job Title Other
Group/Division Generalist
Location New York
Pay Rate/Type
Bonus

Average Pay by City for Scotiabank

Below we use 159 salary submissions to order the is the total average compensation by city for Scotiabank. Cost of living across the world varies a lot, so this data gives you a sense if there are significant adjustments for higher cost of living. Looking at the WSO data, the city with the highest average salary is Houston, where employees earn an average salary of $213,000.

Salaries by Location at Scotiabank

Rank
City
Total pay Range
Range of $/hr
Houston
Rank 1
City Houston
Total pay Range $95,000 - $275,000
Range of $/hr $48/hr - $138/hr
New York
Rank 2
City New York
Total pay Range $97,800 - $150,000
Range of $/hr $49/hr - $75/hr
Toronto
Rank 3
City Toronto
Total pay Range $39,000 - $130,000
Range of $/hr $20/hr - $65/hr

Scotiabank Salaries by Department

Salaries at Scotiabank depend on the group, division, department or function. Employees who work in the Derivatives group tend to get paid the most at at Scotiabank, earning an average yearly salary of $250,000. Employees in the Oil & Gas receive relatively high salaries as well, where wages average $200,000 per year. A division that does not pay as well at Scotiabank includes the Mergers And Acquisitions group, with employees earning $80,253 on average.

Rank
Department
Average Pay
Average Hourly Pay
Derivatives
Rank 1
Department Derivatives
Average Pay $250,000
Average Hourly Pay $125/hr
Oil & Gas
Rank 2
Department Oil & Gas
Average Pay $200,000
Average Hourly Pay $100/hr
Equity Research
Rank 3
Department Equity Research
Average Pay $150,000
Average Hourly Pay $75/hr
Investment Banking
Rank 4
Department Investment Banking
Average Pay $147,500
Average Hourly Pay $74/hr
Sales And Trading
Rank 5
Department Sales And Trading
Average Pay $146,500
Average Hourly Pay $73/hr
Debt Capital Markets
Rank 6
Department Debt Capital Markets
Average Pay $115,000
Average Hourly Pay $58/hr
Energy
Rank 7
Department Energy
Average Pay $110,000
Average Hourly Pay $55/hr
Corporate Banking
Rank 8
Department Corporate Banking
Average Pay $108,000
Average Hourly Pay $54/hr
Generalist
Rank 9
Department Generalist
Average Pay $96,400
Average Hourly Pay $48/hr
Mergers And Acquisitions
Rank 10
Department Mergers And Acquisitions
Average Pay $80,253
Average Hourly Pay $40/hr

Recently Added Scotiabank Salaries

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
Intern
Year 2024
Job Title Intern
Group/Division Corporate Banking
Location new york
Pay Rate/Type
Bonus
Intern
Year 2023
Job Title Intern
Group/Division Treasury
Location new york
Pay Rate/Type
Bonus
2nd Year Analyst
Year 2020
Job Title 2nd Year Analyst
Group/Division Corporate Banking
Location New York
Pay Rate/Type
Bonus
1st Year Analyst
Year 2022
Job Title 1st Year Analyst
Group/Division Investment Banking
Location New York
Pay Rate/Type
Bonus
Intern
Year 2023
Job Title Intern
Group/Division Investment Banking
Location Toronto
Pay Rate/Type
Bonus