Royal Bank of Canada

  www.rbc.com
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Royal Bank of Canada Reviews

Updated Jul 7, 2014
All Employees Current Employees Only

3.6 422 reviews

90% Approve of the CEO

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

Gordon M. Nixon

(258 ratings)

75% of employees recommend this company to a friend

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 21 reviews)


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

  • Very difficult to move up if you do not have any connections(in 5 reviews)

46 Employee Reviews Back to all reviews
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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    2nd tier US Investment Bank

    Equity Research Associate (Former Employee) New York, NY

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

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Poor management in NY office

    Senior Financial Analyst (Former Employee) New York, NY

    ProsVery 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.

    ConsNote - 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 Senior ManagementNote - 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.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Rank Amateurs

    Project Manager (Former Employee) New York, NY

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

    ConsManagement (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 Senior ManagementManagement 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.

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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

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

    Anonymous Employee (Former Employee) New York, NY

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

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

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Weak management in the US

    Sales (Current Employee) New York, NY

    ProsNot a bad place in the current environment on
    Wall Street

    ConsWeak 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 Senior ManagementCommunicate honestly and openly. Listen to everyone and not the chosen 2-3.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Boring, non-exciting typical office job.

    Compensation Analyst (Current Employee) Toronto, ON (Canada)

    ProsLots of areas to move around in when it comes to financial services.

    ConsYou can't get into any decision making roles without more than a Undergrad degree. That's the minimum to get in. There are tellers who have undergrads making $20,000 CAD a year still trying to pay off thier degrees. anyone who is a decision maker has the certification or designation of their field. If you want to be, prepare to go back to school to get your CMA, CFA, CHRP, PMP, MBA etc...

    If you have an unsupporting manager which I do, you're screwed.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Account manager

    Account Manager (Current Employee) Toronto, ON (Canada)

    ProsGood training, brand is recognized worldwide, great resume builder to move on to another company...

    ConsManagers aren't competent and resort to micro managing. Pay is way too low for the amount if work required. You have to kiss butt- a lot.

    Advice to Senior ManagementNeed to pay attention to what is happening on the sales floor and please hire more competent branch managers...

     

    don't work in bank

    Anonymous Employee (Former Employee)

    Prosgood salary, very good benefit

    Consterrible working environment, not firendly co-workers

    Advice to Senior Managementlisten to empolyee

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Everything you'd expect of a huge bank.

    Software Developer (Current Employee) Toronto, ON (Canada)

    ProsGood benefits, ok if not stellar compensation, reasonable work/life balance, supportive HR policies.

    ConsAnte-deluvian technology, horrible, noisy, open plan offices, more bureaucracy than you can possibly imagine and a total lack of space for creativity of any type.

    Advice to Senior ManagementDump at least half the processes currently in place, admit that you have 20 years of technology debt to repay, at least to attempt to provide an environment that might attract a few talented people to join.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Overrun by administrators

    Senior Account Manager (Former Employee) Vancouver, BC (Canada)

    ProsThey have a lending program for virtually every industry and/or asset type.

    ConsCommercial lending is strictly 'paint-by-numbers'. Limited ability (or desire) to lend outside of policy regardless of borrower quality. The administration department is all-powerful.

    Advice to Senior ManagementReview the deals being declined or heavily-conditioned by GRM - you may be surprised by the quality of business that is being lost to competitors.

    No, I would not recommend this company to a friend

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