Royal Bank of Canada
3.6 of 5 417 reviews
www.rbc.com Toronto, Canada 5000+ Employees

Royal Bank of Canada Reviews

Updated Apr 20, 2014
All Employees Current Employees Only

3.6 417 reviews

                             

90% Approve of the CEO

Royal Bank of Canada President and Chief Executive Officer Gordon M. Nixon

Gordon M. Nixon

(256 ratings)

75% of employees recommend this company to a friend
26 Employee Reviews Back to all reviews
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    Revolving door of personnel, always trying to upgrade but usually end up downgrading (NY OFFICE)

    Anonymous Employee (Current Employee)
    New York, NY

    ProsDecent work-life balance, not that competitive which allowed trading staff to punch out like the flintstones at 5:00 on the dot. Great domestic/canadian bank. Most of the revenue comes from the canadian banking operations, which is the core business and the most successful.

    ConsNo direction in capital markets, confused about what they were trying to accomplish (NY YORK). Mission statement is un-compatible with risk tolerance/risk appetite.
    Goals are to be in the #9 or 10 player in the market....who sets goals so low??
    Very limited reputation in the US, limited visibility.

    Advice to Senior ManagementMake a much more informed decision vs constantly trying to seek out the "new thing". Recognize that the best talent at other firms would likely not leave as they are considered key employees and the best talent is usually home grown (organic).

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Senior management under cfo not up to mark compared to the top banks I have worked for in Wall Street

    Senior Controller (Current Employee)
    New York, NY

    ProsGood pay
    Decent work hours
    Good work life balance

    ConsPoorly managed place in the controlling side. Senior management is clueless in the controlling side so there is no motivation for anyone to excel. Worse they are transitioning jobs in controlling to Canada. So beware before joining here. Layoffs even though the bank is making money. Layoffs even for folks rated outstanding. Not because the bank is not making money. But because Toronto is cheaper. Problem I see folks in Toronto can't compete with folks in Wall Street. Management doesn't see that way though. Hope the us government makes them aware that there is a cost of doing business in us.

    Advice to Senior ManagementPlease hire good people in controlling from top banks here in the capital markets space after doing a proper peer review. Hire controllers in controlling not management reporting folks who has no clue what controlling is about. Please treat your employees in New York as an investment and not as head counts.

    No, I would not recommend this company to a friend

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    Horrible and uncomfortable place to work.

    Associate Director (Former Employee)
    New York, NY

    ProsCompany pays well and has a good reputation.

    ConsThey are obsessed with appearances, and really don't care about the quality of your work. For example, if you are at your desk at 7am and you don't get any work done, you are fine. If you come in at 9am and get all your work done, you will be berated for not being in earlier

    Advice to Senior ManagementStop hiring the "popular kids" and hire people who know what they are doing.

    No, I would not recommend this company to a friend

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    long hours, conflict-ridden environment

    Valuation Manager (Former Employee)
    New York, NY

    Prosgood financial position of the company

    Consvery poor work / life balance
    poor treatment of employees
    sick days coming out of vacation

    No, I would not recommend this company to a friend

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    Poor Management

    IT Project Manager (Former Employee)
    Rocky Mount, NC

    ProsMoney was good/ competitive because they were so close to Raleigh but still in a small city. Decent bonus structure, too.

    ConsAbout 80% of USA IT staff were contractors. Very high turnover of regular staff. People constantly moving around because nowhere was good for settling. Management was the reason, poor management all around. Highly political and they expected you to work the same hours as contractors who were getting paid hundreds by the hour.

    Advice to Senior ManagementI would recommend that RBC management look closely at where the talent is and work very hard to keep it. Also recognize the need for a work life balance.

    No, I would not recommend this company to a friend

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    Structure

    Customer Service Representative (Current Employee)
    Vancouver, BC (Canada)

    ProsMost people working at RBC are older professionals so you can learn from their experience.

    ConsVery conservative and unfair in promotions. Doesn't matter about your performance.. it's about if your manager likes you or not. I would not recommend this place to young professionals.

    Advice to Senior ManagementProvide better career opportunities to the university recent graduates.

    No, I would not recommend this company to a friend

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    horrible

    Anonymous Employee (Current Employee)

    Prosnone, just the fact that i have a job

    Consbenefits arent good enough; work hours suck

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    My experience with RBC was overall awful. They tend to be friendly to clients but treat their employees poorly

    Customer Service Representative (Former Employee)
    Montreal, QC (Canada)

    Prossalary was above average about 40k per year but trust me it is not worth it

    ConsHostile environment , Managers do not appreciate employees and treat like robots

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    If you like working 80hrs a week, RBC is for you

    Financial Planner (Current Employee)
    Vancouver, BC (Canada)

    ProsBenefits, RBC on your resume

    ConsEverything else. If you want to work like a dog for a company that in the end couldn't care less about you....this is the right place.

    Advice to Senior ManagementThere's more to life than doing what ever it takes to get your bonus.

    No, I would not recommend this company to a friend

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    Not good

    Anonymous Employee (Former Employee)

    ProsSalary is not bad to start

    ConsManagement and upper management offer no support

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Glassdoor is your free inside look at Royal Bank of Canada reviews and ratings — including employee satisfaction and approval rating for Royal Bank of Canada CEO Gordon M. Nixon. All 26 reviews posted anonymously by Royal Bank of Canada employees.