Royal Bank of Scotland Reviews

I worked at Royal Bank of Scotland full-time for more than 7 years

Pros – RBS is an internaltional bank that offers opportunities around the world. The bank itself has been through a great deal, but has still committed itself to its products. The working environment there was funa dn friendly. The people at RBS were tremendous.

Cons – RBS has been around the industry for many years. Prior to the ABN merger it was regarded as one of the safest banks. However, due to its history many bankers have grown up with the company. Therefore, many bankers have been there for years, and the bank is not top heavy. With the downturn of the economy these bankers have decided to stay on longer. The growth opp at RBS is limited.

Advice to Senior Management – Give a better path to your junior staff.

Yes, I would recommend this company to a friend

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

Pros – Work life balance is better than most big banks in the industry

Cons – Being in the region means that often your the last to know, since the UK doesn't like to collaborate.

Advice to Senior Management – Promote from within, don't always just go to the market you have great talent in the bank.

Yes, I would recommend this company to a friend

I worked at Royal Bank of Scotland as an intern for less than a year

Pros – there is a great environment and culture

Cons – not the best to commute from NYC

Advice to Senior Management – n/a

Yes, I would recommend this company to a friend

I have been working at Royal Bank of Scotland

Pros – Opportunity to work independently, interesting projects, and generally good co-workers.
Definitely a firm where you have to be on your toes and be able to work with minimum supervision and still deliver results.
Overall I found people to be very competent.

Cons – Industry is hitting a rough patch, changing priorities are difficult to manage, and flexibility is a must.
Shifting priorities can be difficult to manage, company seems ocasionally reactive rather than proactive.

Advice to Senior Management – Overall pretty good.

Yes, I would recommend this company to a friend

I have been working at Royal Bank of Scotland

Pros – Usually a good work-life balance
New building
Not a ton of work, nothing seems incredibly rushed
Decent gym on site
22 vacation days at an Analyst level, VPs get 27 days, additional days with tenor (a former Greenwch employee with 10+ years would have 39 days off)....it seems like people are always on vacation

Cons – In Stamford, a major reason people quit is they cant stand the commute
Deferred bonuses
Wide range of personalities...some people act like they're working for Goldman Sachs, others could care less because it's RBS.
Lots of turnover
Very little employee loyality to RBS
Except for the mortgage trading business, everything else is below average.

Advice to Senior Management – Pay more
Move to NYC
Spread out the work. Some groups work a ton, other people only have a consistent workload half the time
Make employees want to stay, there's a ton of turnover

No, I would not recommend this company to a friend

I have been working at Royal Bank of Scotland

Pros – Great systems, lots of investing in new processes and systems.
Great building
Lots of opportunity to move around with BUC
Great, laid back culture

Cons – Deferred payment, 50% stocks in YR1, 25% bond YR2, 25% bond YR3
Bad commute from NYC
Strange, Flat hierarchy

Yes, I would recommend this company to a friend

I have been working at Royal Bank of Scotland

Pros – Very good group of people
Good mix of drive/respect for others career choices.
Opportunities to influence change within organization.
Opportunities to advance career - you must drive this though.

Cons – All bonuses awarded as deferred compensation
Inconvenient location for many (Stamford, CT - especially not good if you are young)
Insufficient training for new hires - pretty much a "throw you in, see if you swim" mentality.

Advice to Senior Management – Management is decent but would become great if more emphasis was placed on bringing new hires up to speed .

Yes, I would recommend this company to a friend

I have been working at Royal Bank of Scotland

Pros – RBS WorldPay remains a growing company, so while every job is challenging, I find it more rewarding to deal with those challenges during times of growth, rather than when a company is stagnant or declining. It's a medium sized division within a huge multi-national corporation. Therefore, employees enjoy the benefits of a strong global brand and balance sheet (in spite of the challenges of the macro enviromnent of the banking sector), with the opportunities to impact the organization seen only in smaller, more nimble operations.

Cons – Weakness in global financial markets result in less funding for investment in new products and services than would otherwise be available.

Advice to Senior Management – Continue to invest in services and support as the client base grows.

Yes, I would recommend this company to a friend

I worked at Royal Bank of Scotland

Pros – Hours are reasonable and the employees are engaging. Work/ Life balance at RBS was encouraged at all levels. I took part in many company sponsored road races and other charity events that were looked highly upon by upper management. The actual offices at RBS were quite nice with great views of the Sound.

Cons – Felt I was working for no clear purpose. My manger did little in showing an interest in my growth as a professional. Work was dealt to me on an ad hoc basis without any indication of how it would be used in the future. Internal politics can get a little tiresome after a while, in addition to to typical bank bureaucracy.

Advice to Senior Management – Proper internship training program is needed

I have been working at Royal Bank of Scotland full-time for more than 7 years

Pros – work life balance is good

Cons – Old technology stack, management heavy, politics, bad appraisal policy

Advice to Senior Management – Reduce management over head, let people work.

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