Royal Bank of Canada

www.rbc.com

Royal Bank of Canada Reviews in Vancouver, BC

Updated November 3, 2014
Updated November 3, 2014
546 Reviews
3.5
546 Reviews
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Royal Bank of Canada President and Chief Executive Officer Gordon M. Nixon
Gordon M. Nixon
314 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

12 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    RBC Review

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

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

    Pros

    Great organizational culture and work life balance.

    Cons

    career progression may take some time.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 3 people found this helpful  

    Successful company, solid HR practices, absolute sales orientation.

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

    I worked at Royal Bank of Canada full-time (more than 3 years)

    Pros

    Opportunities to grow and succeed in your field, company has a clearly understood focus for each division and department. Salary and Benefits clearly defined, with annual bonus. Employees are treated with respect and work in a comfortable environment.

    Cons

    Dominant focus for nearly every job is increased sales targets and cost reduction - employees are constantly asked to do more, with no corresponding increase in resources or salary. Increased sales or production in one year simply leads to additional demands for the following year.

    Advice to ManagementAdvice

    The average worker probably feels that although they have contributed their fair share to the remarkable success of the company in recent years (as in record profits), they have not really been adequately compensated for the additional workload and pressure.

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Room to grow and develop

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

    I have been working at Royal Bank of Canada full-time (more than 3 years)

    Pros

    The company offers many opportunities for internal growth and development. Possibilities to expand and branch out in your career are endless since RBC has well developed in all financial sectors.

    Cons

    Salaries are relatively in line with those of the competitors, however the financial "add on" benefits that could be offered by a financial institution to its own employees could be bettered.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    make sure you always sell $1 million/month in investments and loans. credit cards and bank accounts only count as a unit

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

    I have been working at Royal Bank of Canada full-time (more than 3 years)

    Pros

    stable if you know how to sell, sell , sell. you will grow fast if you are good at sales. they do not care about your educational background as much, they do care about your Canadian Securities Courses more than anything else. If you know how to make management happy, you will grow! If you have a micromanager style, you will grow! If you are submissive, you will stay as a receptionist-forever and retire with a guaranteed base salary of $1800 monthly

    Cons

    you will not grow as an internally candidate if you do not sell; even if your dream job is not sales related. It's better to apply as an external candidate if you want a very specific position that is not sales related. Once you are in retail, you will stay in retail.

    Advice to ManagementAdvice

    Don't judge an employee based soley on their sales numbers. Not all employees are sales producers. some are better off in certain admin positions. And don't just promote the children of "high up" executives. give the little people a chance as well.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Good benefits package

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Manager in Vancouver, BC (Canada)
    Former Employee - Account Manager in Vancouver, BC (Canada)

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

    Pros

    Good health benefits, retirement planning matching scheme as well as savings plan with a matching scheme (up to 3% of your contributions and must be vested for 2 years before you can redeem).

    Cons

    Can be quite structured in that you have to fulfill a year or more before you can apply for another position. Must ask your current manager's permission to apply for a new position which I found for some colleagues was a huge obstacle as they were so integral in their current team the management would not allow them to apply and discouraged them for years.

    Recommends
    Negative Outlook
    No opinion of CEO
  7.  

    A good entry level position

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

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

    Pros

    Excellent training program (although I have heard they cut back on this recently)
    A higher range competitive wage & benefits with regards to CSRs/Tellers in the banking industry.
    A young, enjoyable team to work with (depends on area, but usually the workbase when I was there was young, and the culture evolved from there).
    Gives great experience with regards to problem resolution situations and general interaction professionally with the public, generally good support and development from your managers (although YMMV once again).

    Cons

    Little room to move up; it was difficult to apply for better positions as the competition was fierce, and people didn't tend to leave (Account Managers).
    Wage growth potential wasn't great.
    Seen cuts to benefits programs.

    Advice to ManagementAdvice

    Stop being greedy. Share the wealth of the dividends of a well-run Canadian banking system with your employees! Bring back some more benefits.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Customer Services Representative in New Westminster, BC (Canada)
    Current Employee - Customer Services Representative in New Westminster, BC (Canada)

    I have been working at Royal Bank of Canada

    Pros

    Lots if room to move up

    Cons

    Not enough employees to be efficient

    Advice to ManagementAdvice

    Hire more ppl so the bank can run more efficiently

    Recommends
    Approves of CEO
  9. 1 person found this helpful  

    Satisfied with company policies

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Client Service Representative in Vancouver, BC (Canada)
    Former Employee - Client Service Representative in Vancouver, BC (Canada)

    I worked at Royal Bank of Canada

    Pros

    Good learning skills, and reputed company.. Amazing core values and corporate culture, client always comes first, you never have to lie to be the best at your job, they always look at the customers needs before anything else.

    Cons

    salary is usually lower compared to other banks.

    Recommends
    Approves of CEO
  10. 1 person found this helpful  

    great place to work if you can push sales

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

    I have been working at Royal Bank of Canada

    Pros

    great training program
    wonderful staff
    room for advancement
    well-known financial institution

    Cons

    too much push for sales
    uncompetitive wage

    Advice to ManagementAdvice

    management must present a way of encouraging employees to enjoy their jobs other than constantly pushing for more and more sales

    No opinion of CEO
  11.  

    A great training ground.

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

    I have been working at Royal Bank of Canada

    Pros

    Good reputation and highly regarded. A lot of talents within the network. Fantastic support from management. Lot of resources to keep you informed of what is happening outside your franchise.

    Cons

    Career movement depends on who you are working with. They think they own their clients. Motto "Client First" is a lie.

    Advice to ManagementAdvice

    Don't trash your staffs. They are resourceful with great discipline. You could have the best system in the Canadian world. Let's keep it that way.

    Recommends
    Approves of CEO

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