Royal Bank of Canada

  www.rbc.com
  www.rbc.com

Royal Bank of Canada Reviews

Updated December 12, 2014
Updated December 12, 2014
521 Reviews
3.5
521 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
304 Ratings

Review Highlights

Pros
  • Adequate work/life balance relative to other large investment banks (in 30 reviews)

  • The culture and work environment is very motivating and inspiring for creativity (in 24 reviews)


Cons
  • The bank is fast paced making work/life balance tough (in 10 reviews)

  • Senior Management can be all over the place sometimes (in 11 reviews)

More Highlights

52 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Undesirable Salaries

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technical Systems Analyst in Minneapolis, MN
    Current Employee - Technical Systems Analyst in Minneapolis, MN

    I have been working at Royal Bank of Canada full-time (more than 5 years)

    Pros

    Great people, great culture. The workplace is like a family environment. The people here truly care about you and make this a comforting place to work at.

    Cons

    The salaries provided are on the extreme low end. Not a lot of room for career advancement within the company.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 3 people found this helpful  

    Solid Place to Start Your Career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate
    Current Employee - Associate

    I have been working at Royal Bank of Canada full-time (more than an year)

    Pros

    Satisfactory Reputation on the Street

    Adequate work/life balance relative to other large investment banks

    Bonus are above average as well as base salary.

    Cons

    Very toxic culture and work environment.

    Antiquated systems and limited investment in junior employees.

    Refusal to investment in real professional development.

    As a major investment bank that is trying to compete with other firms in terms of recruiting top talent, HR thanked our summer interns with a going away lunch of cold cuts. It was almost embarrassing to say I worked here.

    No real commitment to fostering an environment of collaboration or team work.

    Inadequate training for employees.

    Advice to ManagementAdvice

    Listen to employees more. Why solicit so many surveys if none of the action items are acted upon.

    Not every good analyst needs to be a manager.

    The lack of resources for analysts to associate directors ensures that RBC is just a pit stop and not a destination.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    2nd tier US Investment Bank

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

    I worked at Royal Bank of Canada full-time (more than an year)

    Pros

    -Base compensation is in-line with the industry.
    -Equity Sales force is excellent at getting analysts in front of investors

    Cons

    -Ibankers are terrible and lack basic knowledge of their industry, at least in the sector I covered
    -Due to the above the firm is left out of deals with companies where research has a good relationship
    -Given the weakness in banking, bonus pool is subpar
    -Technology investment is abysmal and the lack of investment reduces the productivity of the work force. For example, I still had Excel 2003 in 2013 and my job was to model in Excel. I had clients who couldn't open my models because our software was so old. I had another client poke fun at how ancient my laptop was. Its a broker/dealer, the aim is to impress the buy side.
    -Small US employee pool has lead to unsatisfactory employee health care benefits

    Advice to ManagementAdvice

    -Ibanking is the profit driver of the business, get bankers who are worthwhile or don't bother

    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 1 person found this helpful  

    Poor management in NY office

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

    I worked at Royal Bank of Canada

    Pros

    Very large, successful organization. Canadian division is a great place to work and Canadian colleagues are talented and upbeat. NY offices are in Manhattan. Pay is ok, on par with other financial institutions, better than other industries.

    Cons

    Note - this applies to NY office only!
    Poor senior management style and poor hiring of junior management. Very negative attitude and fear trickles down to staff. No promotions & no rewards for good performance. Over-hiring then firing demonstrates poor planning. Revolving door environment - good people leave.

    Advice to ManagementAdvice

    Note - this applies to NY office only!
    Treat staff with more respect. Nurture talents and allow people to use them. Maintain a more positive attitude and reward good performance and share in company achievements.

    Doesn't Recommend
    Approves of CEO
  6. 1 person found this helpful  

    Rank Amateurs

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

    I worked at Royal Bank of Canada

    Pros

    RBC has a sound balance sheet and is growing in a down market.

    Cons

    Management (especially atthe functional and operational level) a joke. Latest strategy has resulted in a cadre of outsiders being brought in who are firing incumbents and replacing with their friends.

    Advice to ManagementAdvice

    Management should realize that they fell into this current growth/opportunity phase due to the financial meltdown in 2008. Had that not occurred, they would still be a mid level player in NY. Mgmt in NY is out of control, they laugh at Toronto.

    No opinion of CEO
  7. 1 person found this helpful  

    Canadian Goldman Sachs is irrelevant since there is no competitiion in Canada

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

    I worked at Royal Bank of Canada

    Pros

    Compensation was okay but performance metrics always changed. Generally a user friendly work environment.

    Cons

    Canadians in senior US positions rarely understood US market. Promotions were arbitrary and had little to do with performance. Politics got in the way of common sense.

    Advice to ManagementAdvice

    Hire more competetent managers. Have more transparent compensation and promotion policies. Replace Canadians that don't add value in the US.

    Doesn't Recommend
    Disapproves of CEO
  8. 2 people found this helpful  

    Weak management in the US

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

    I have been working at Royal Bank of Canada

    Pros

    Not a bad place in the current environment on
    Wall Street

    Cons

    Weak management. Management does not effectively communicate performance measures and changes them to suit the need at bonus. Management does not effectively communicate financial details of the business but focuses on the good news of 1 or 2 good thing- not the entire picture. Feel like management is more interested in protecting their job than anything else. Very political. If you are not part of the club you can expect nothing good.

    Advice to ManagementAdvice

    Communicate honestly and openly. Listen to everyone and not the chosen 2-3.

    No opinion of CEO
  9.  

    AB ICA

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Claims Adjuster in Mississauga, ON (Canada)
    Current Employee - Claims Adjuster in Mississauga, ON (Canada)

    I have been working at Royal Bank of Canada full-time (more than 5 years)

    Pros

    dedication, sincerity, team work, punctuality, hardwork

    Cons

    carried away, too much involvement,

    Advice to ManagementAdvice

    increase

    Doesn't Recommend
    Neutral Outlook
  10.  

    Bad corporate culture and poor performance in Europe

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in London, England (UK)
    Former Employee - Analyst in London, England (UK)

    I worked at Royal Bank of Canada full-time (more than an year)

    Pros

    Training in Canada for new associates and analysts

    Cons

    Long hours, no deal experience as bank is not competitive across most of its sectors

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Excellent team environment working on Finance Projects

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Project Manager in Toronto, ON (Canada)
    Former Employee - IT Project Manager in Toronto, ON (Canada)

    I worked at Royal Bank of Canada as a contractor (more than an year)

    Pros

    location - on the subway line
    office culture - collaborative easy going
    office hours - no need for overtime
    Steady secure work

    Cons

    Isolated and does not allow contribution to overall strategy of division
    easy to show up and get paid without too much effort

    Advice to ManagementAdvice

    There is not enough work to keep everyone busy. Most people are overqualified for what they are doing. They could be doing much more if organised better and intensives were valued

    Recommends

Royal Bank of Canada Photos

Work at Royal Bank of Canada? Share Your Experiences

Royal Bank of Canada

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.