Royal Bank of Canada

  www.rbc.com
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Royal Bank of Canada Reviews

Updated April 20, 2014
Updated April 20, 2014
436 Reviews

3.5
436 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Royal Bank of Canada President and Chief Executive Officer Gordon M. Nixon
Gordon M. Nixon
264 Ratings

Review Highlights

Pros
  • Work/life balance- Flexibility in terms of taking time off and family emergency (in 21 reviews)

  • Good work environment here -many of the staff are career focused and want to move up (in 22 reviews)


Cons
  • Senior Management can be all over the place sometimes (in 10 reviews)

  • Culture terrible, Capital markets management very much old boys club with no consideration for work life balance or listening to their staff (in 5 reviews)

More Highlights

26 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Revolving door of personnel, always trying to upgrade but usually end up downgrading (NY OFFICE)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY
    Current Employee - Anonymous Employee in New York, NY

    Pros

    Decent 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.

    Cons

    No 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 ManagementAdvice

    Make 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).

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2. 1 person found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Controller  in  New York, NY
    Current Employee - Senior Controller in New York, NY

    Pros

    Good pay
    Decent work hours
    Good work life balance

    Cons

    Poorly 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 ManagementAdvice

    Please 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.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Horrible and uncomfortable place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Director  in  New York, NY
    Former Employee - Associate Director in New York, NY

    Pros

    Company pays well and has a good reputation.

    Cons

    They 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 ManagementAdvice

    Stop hiring the "popular kids" and hire people who know what they are doing.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    long hours, conflict-ridden environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Valuation Manager  in  New York, NY
    Former Employee - Valuation Manager in New York, NY

    Pros

    good financial position of the company

    Cons

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

    Doesn't Recommend
    No opinion of CEO
  6. 1 person found this helpful  

    Poor Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - IT Project Manager  in  Rocky Mount, NC
    Former Employee - IT Project Manager in Rocky Mount, NC

    Pros

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

    Cons

    About 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 ManagementAdvice

    I 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.

    Doesn't Recommend
  7.  

    Structure

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative  in  Vancouver, BC (Canada)
    Current Employee - Customer Service Representative in Vancouver, BC (Canada)

    Pros

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

    Cons

    Very 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 ManagementAdvice

    Provide better career opportunities to the university recent graduates.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    horrible

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    none, just the fact that i have a job

    Cons

    benefits arent good enough; work hours suck

  9.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative  in  Montreal, QC (Canada)
    Former Employee - Customer Service Representative in Montreal, QC (Canada)

    Pros

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

    Cons

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Planner  in  Vancouver, BC (Canada)
    Current Employee - Financial Planner in Vancouver, BC (Canada)

    Pros

    Benefits, RBC on your resume

    Cons

    Everything 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 ManagementAdvice

    There's more to life than doing what ever it takes to get your bonus.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Not good

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Salary is not bad to start

    Cons

    Management and upper management offer no support

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