Favorite Parts Of Working In The Banking Industry As A Scotiabank Associate Strategy
Veikko enjoys the positive societal impact of Scotiabank, citing "the multiplier effect of what the bank does," such as loans transforming lives in Peru. This, coupled with the bank's "very nice" internal culture and employee benefits, makes it a rewarding place to work.
Social Impact, Corporate Culture, Financial Services, International Development, Canadian Business
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Veikko Petrozzi
Associate Strategy
Scotiabank
Universidad de Lima - 2011 (Peru)
UCLA Anderson School of Management
Accounting
Finance (Banking, Fintech, Investing)
Finance
International Student
Video Highlights
1. Working at Scotiabank allowed Veikko to see firsthand the positive societal impact of the bank's work, such as providing loans that significantly improved the lives of families in Peru. This highlights the purpose-driven aspect of working in the banking industry and challenges the common negative perception of banks.
2. Veikko emphasizes the positive internal culture at Scotiabank, describing it as a good place to work with many employee benefits. This underscores the importance of workplace culture and employee well-being in career satisfaction within the banking industry.
3. Veikko's work involved preparing presentations for the CEO showcasing the positive impacts of the bank's initiatives. This demonstrates the opportunities for strategic contributions and presentations to senior leadership within a large organization, offering valuable experience and career progression.
Transcript
What do you enjoy the most about your specific industry?
Banking's purpose is something most people don't see. For me, it's a struggle because people often view banks as evil creatures in the business world. They think banks only make profits, but many companies do that too.
Working at the bank, like I did at Scotia, showed me there are many projects that truly change people's lives. For example, a loan given to a humble family in a rural area in Peru allowed them to grow and start a business.
After three years, not only the owner's life, but their entire family's was completely changed. They moved from poverty to a much better situation where they could afford to educate their children.
This multiplier effect of what a bank does is remarkable. I saw many examples because I prepared presentations for the CEO where we asked across the bank for stories like loans that helped change people's lives.
So, purpose isn't just a word; it's the effect the bank has on society. People often overlook this, focusing only on profits and assuming banks don't care about society. I disagree with that.
The internal culture at Scotia was also very nice. Perhaps it's because it's a Canadian bank and Canadians are very nice people. It was a really good place to work, with a lot of benefits and a general care for employees.