Royal Bank of Scotland Reviews

Updated October 12, 2014
Updated October 12, 2014
732 Reviews
3.1
732 Reviews
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Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
70 Ratings

Review Highlights

Pros
  • Work-life balance is fair and constant monitoring of your growth as an individual here (in 185 reviews)

  • I found the work environment to be very friendly and encouraging (in 41 reviews)


Cons
  • Work life balance is pathetic for some departments (in 18 reviews)

  • Commute, Poorly managed areas and senior management constantly change gears (in 28 reviews)

More Highlights

260 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great but not without faults

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Settlement Analyst in Taylorsville, UT
    Current Employee - Settlement Analyst in Taylorsville, UT

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

    Pros

    Great work life balance and great work atmosphere.

    Cons

    No compensation or bonuses and not a lot of room for growth.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Days in RBS

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Royal Bank of Scotland full-time

    Pros

    Good Facilities - cafeteria, work area, gym free cabs etc

    Cons

    Like any other captives RBS has an issue with the middle management and vendor population, In some areas Vendors are diluting the work culture.

    Advice to ManagementAdvice

    Managers should be more handon and connected to the employees. Role of HR is not there in RBS - HR should be more active

    Recommends
    Approves of CEO
  3. 2 people found this helpful  

    US presence is in shrink mode

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director in Stamford, CT
    Former Employee - Director in Stamford, CT

    I worked at Royal Bank of Scotland full-time

    Pros

    Many of the people in Stamford are very competent and diligent, There is very good Interactions between departments and you can learn new ideas from each area. Stamford has state of the art technology. Work-life balance is very good. There will be long days, but the trade off is management will allow you to work at home every now and then.

    Cons

    As of now the bank in the US overall is still shrinking, so an increase in compensation won't happen for most people. Unfortunately this is the same for career opportunities. Its not clear what plans Senior Management has for the US besides trying to IPO their largest US subsidiary, Citizensbank, and the reduction of personnel on the investment bank side. RBS is 84% owned by the UK Taxpayers, so UK management listens very closely to what the government wants the bank to do. In turn UK management tells the US management what the strategy of the day, month or year will be.

    Advice to ManagementAdvice

    Overall US management is doing everything they can do under the circumstances as their orders come from the UK.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Helpful employees but rigid structure

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

    I worked at Royal Bank of Scotland as a contractor

    Pros

    I was pleased that when I wanted to learn about different departments around the bank, all employees I reached out to were happy to help. Training was good also.

    Cons

    The bank lacks the ability to think in novel and innovative ways, which is a problem given that the bank needs to reinvent itself following its restructure. Policies and processes are outdated and it is very difficult to get anything done.

    Negative Outlook
    No opinion of CEO
  6.  

    Has it's ups and down, but over all a good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Administrator in Salt Lake City, UT
    Current Employee - Loan Administrator in Salt Lake City, UT

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

    Pros

    Great work / life balance. From day one I had 20 days of PTO to use each year, plus all the banking holidays. A great starting wage. The company has a strong focus on volunteer work, which is good to give back

    Cons

    The banking industry is still going through a recovering faze after the '08 crash. RBS is majority owned by the UK government, and the raising level of auditors and regulators is staggering. Morale is low, as positions are being taken back east, or to India.

    Advice to ManagementAdvice

    Continue to keep the lines of communication open. It is good to receive communication from that perspective.

    Recommends
    Negative Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Decent pay with good people to work with depending on the department

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Stamford, CT
    Current Employee - Vice President in Stamford, CT

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

    Pros

    If you work hard, people will notice you and give you more responsibility to grow your career. Based pay are at market and great PTO policy. It is very hard to find another place with better PTO policy.

    Cons

    Bonus is limited by British Government (bad business combination when you are controlled by government). No communication between departments. Work in Solo. No horizontal movement to other department after reaching VP level.

    Advice to ManagementAdvice

    Allow more horizontal movement between department and raise base pay to compensate bonus restriction. Breakdown departmental solo and allow department to work together to create synergy.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Shrinking US presense

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consultant in Stamford, CT
    Current Employee - Consultant in Stamford, CT

    I have been working at Royal Bank of Scotland as a contractor (more than 5 years)

    Pros

    Great headquarter building. Young management team.

    Cons

    Location, work life balance, company in transition

    Doesn't Recommend
    Neutral Outlook
  9.  

    Change and more change.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Stamford, CT
    Current Employee - Vice President in Stamford, CT

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

    Pros

    There's a lot of work to be done to put the business back on track, so there are plenty of opportunities for personal growth/development. Leadership is strong in certain areas.

    Cons

    Lots of uncertainty for the future of the business. Press indicates significant downsizing is possible. Has been subject of negative press for the last 5 years and will no doubt be the subject of negative press for years to come. Hard company to be proud of working for.

    Advice to ManagementAdvice

    Every year it feels like the strategy is changing - make significant changes and get it right, instead of lots of small strategic shifts that have little/no overall impact.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10.  

    Bank that is not doing too well- lookong ahead to shave about a fourth of the workforce

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

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

    Pros

    Good people, good buildings and facilities

    Cons

    outmoded technology, poorly run organization, constantly getting fined for legal and procedural violation, constantly bleeding money. threat from the parliment in UK, means bad bank with no pay increases, bonus or any acknowledgement of merit.

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

    Good comp ,vague leadership

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

    I worked at Royal Bank of Scotland

    Pros

    comp, benefits, hours, location, employees

    Cons

    managers, workload, work vs life balance

    Advice to ManagementAdvice

    take initiative, do not be so politically correct

    Recommends
    Negative Outlook

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