intern

research intern

mortgage underwriter

analyst

manager

EQ Bank | Equitable Bank

I'd all but given up that I could work in banking. As a mentor of mine said last week (and I quote), 'Do you want to know what your problem is? You are too darn ethical".

I'm not, but he didn't believe that either. He just meant for the field of work I had ended up in, Risk Management (financial and non-financial) banking and insurance.

Well I'm new to Equitable but believe I may have found somewhere I can bring my whole ethical self to work and I might not be punished for it (e.g. fired or forced to quit with no future job lined up bc I could not align the behaviours of the company with my moral compass).

Beyond that, it's a growth company the existing Risk Management is a still quite green and a bit rough around the edges in place. So there is lots to do, and mgmt seems to want us to do that work and also seem dedicated to ensuring both that we have the resources and that we have the autonomy to get the job done. 

They also don't seem quite so frightened like little babies when you suggest change, improvements or innovative ideas that make them think. In my experience most, but certainly not all mgmt in junior to c-suite level roles don't want to be forced to think, at least not outside the box. EQB feels very different to the corporate culture I am used to. I may not be too ethical for banking afterall.

Equitable's bank culture and workplace environment surely are their strengths. They are a family oriented company that really understands your needs if you have to attend to family emergencies.
The workplace environment is fun and the managers make you feel at home. Their doors are always opened and they are always available for your. We have a lot of team building events and great parties!
On the other hand, the work load is pretty heavy and can be overwhelming at some times while the salary is on the lowest side. They rarely, if ever, approve overtime and, since you work very independently, managers do not seem to know or care if you are overloaded with things to do.

Intern salary isn't as competitive ($20 per hour across the board, $21 for returning). But what they lack in monetary compensation is made up for through their great culture, very friendly full time employees who never look down on interns. Good intern events in the summer with good networking opportunities, inclusive, free lunches, good management and leadership. Great work life balance (8:30-5). Lots of young employees which made for good culture and made interns feel more included. 

Training at EQ was abysmal. "Trainers" would constantly contradict each other and be inconsistent with their own work then turn around and begin to judge your work as well. They would never see the positive just be hyper critical with the negatives. No real structure and snobby, highschool clique behaviour from co workers. Micromanagement was insane, whereby this would point out mistakes that they themselves also do. Only when you do it, then it has a name and a surname. Not a healthy place to work and I'm glad I got out.

The company itself is great to work with and there is no micro management although the role itself is very stressful and work load is overwhelming and not spread evenly amongst staff members. If you're shown to handle a lot on your plate they take advantage rather than help to remove work load. Management can also be selfish and restrict you from moving up if you're essential to the team. It sucks because the company itself is great, it just depends on who your manager is.

Some Senior Management (VPs) are old school (they have been there for many years) and do not deserve the positions they hold. They don’t know what is the latest developments. They cast blame on everyone. They are not educated typical industry practice. Old way of doing things. HR is not objective. I know a lot of people are extremely unhappy with the current senior management and HR in place. But they have been there for years so everyone just takes it.

Work-life balance
Great competitive salary and benefits
Great management and leadership
Diversity and Inclusion
Not policitical/basism and or favorites
Equality
Free Lunches and dinners
Collaborative
So many opportunities for career growth/advancement in different sectors of business/departments
Great $$ for learning/education for career growth as well

management barely knows what they are doing, rely on their team to do their work for them. both manager and director have no previous banking or finance experience and were given positions based on relationships they had with people in the bank.

sloppy and not well put together - they will tell you they care about you but will easily turn around and throw you under the bus as long as it benefits them

Collaborative teams and supportive colleagues. Compared to larger banks, there is less bureaucracy, which allows teams to move relatively quickly and work on meaningful projects. Good exposure to senior leadership and opportunities to contribute to initiatives that impact the business. Compensation and benefits are competitive, and the culture generally encourages professionalism and teamwork.

It is a good place to work for new professionals, there is a lot of opportunities to grow in the Graduates program.  
However it is difficult to grow in other departments, only certain positions have real career development plans.

Top Job Titles	Average salary
Intern 3 salaries reported	$24.67 per hour
Research intern 16 salaries reported	$20.00 per hour
Mortgage underwriter 3 salaries reported	$71,667 per year
Analyst 6 salaries reported	$74,167 per year
Manager 4 salaries reported	$104,250 per year

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