Royal Bank of Scotland

  jobs.rbs.com
  jobs.rbs.com

Royal Bank of Scotland Reviews

Updated December 16, 2014
Updated December 16, 2014
788 Reviews
3.1
788 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
92 Ratings

Review Highlights

Pros
  • Potential to give excellent working oppurtunities and help main the work-life balance (in 194 reviews)

  • I found the work environment to be very friendly and encouraging (in 40 reviews)


Cons
  • Work life balance used to be good here but now it's extremely demanding (in 19 reviews)

  • Senior management never follows thru with ideas or current business plan (in 30 reviews)

More Highlights

149 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Pass on this place if your motivated...

    • 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 3 years)

    Pros

    - vacation time; other benefits
    - office location if you live in conn or nearby in ny

    Cons

    - uk power centric and very political and bureaucratic. Change is not simple and voice from other regions is not heard or executed on.
    - separation of bonus compensation between have's(each business line and its staff, senior management across all lines) and have-nots (finance, operations, IT, etc..) which results in low morale and unmotivated people
    - people leaving and slots are not filled and responsibilities absorbed to already stretched staff or hiring more poorly skilled and unmotivated individuals.

    Advice to ManagementAdvice

    Please go ahead and break up the company and let investment bank actually be an investment bank so it can be competitive. Otherwise you will continue to see people leaving and no one talented coming back...

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

    Not sure company knows their strategy, unless strategy is to be owned by British taxpayers forever

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

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

    Pros

    Casual dress. Though if one is picking the bank they work at based on the dress code, are they sure they want to work at a bank?

    Cons

    concentration on personal fiefs instead of big picture.

    Poor management communication. For example, a firmwide communication on process improvement indicated stated goal was to reduce the size of the work force. Nothing like empowering employees to get rid of their jobs. I guess that could be considered a way to engender loyalty and get the most out of people.

    Advice to ManagementAdvice

    It is now six years post crisis, execute on a clear strategy to get out from under taxpayer ownership.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Software Associate

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Scotland

    Pros

    Good salaries and benefits, good work life balance

    Cons

    Low hikes, too much bureaucracy

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    I was a summer analyst in corporate finance/capital markets area in their U.S. headquarters.

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

    I worked at Royal Bank of Scotland as an intern (less than an year)

    Pros

    Can make descent money, great hours compared to other investment banks,

    Cons

    In stamford ct., don't do much advising pretty much just provide financing, not terribly interesting people

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    I wouldn't work here again

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in Salt Lake City, UT
    Current Employee - Analyst 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. For the most part, very nice people in the Salt Lake City office.

    Cons

    Incompetent and impotent management that spawns from the very top. They do an excellent job a creating anxiety in the workplace and encouraging you to wonder if you'll loose your job - though not because of performance but because of consolidation or cutting or because they believe in patronizing their employees. If one outperforms, outpaces and outlearns colleagues, upper management will not do anything about it. No meritocratic structure.

    Advice to ManagementAdvice

    Don't breath anxiety into your employees and when you promise raises, make sure you can deliver. You need to find a better way to keep and promote top talent. Your rats are jumping ship.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Good entry IB role, but poor career advancement opportunities leading to exodus of good young talent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Service Manager in Chicago, IL
    Former Employee - Client Service Manager in Chicago, IL

    I worked at Royal Bank of Scotland full-time (more than 5 years)

    Pros

    It was a good entry role into Investment Banking, and the work-life balance is one of the best around (probably too good!)

    Cons

    Poor career advancement opportunities led to an exodus of good young talent and has led to an ageing workforce. Still struggling to break out of banking crisis.

    Advice to ManagementAdvice

    Less changes in the hierarchy and a reduction in the number of levels - too many chiefs, not enough Indians couldn't be more appropriately used.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  8. 2 people found this helpful  

    Great place if you have a family and not a need to advance

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

    I have been working at Royal Bank of Scotland

    Pros

    Work-Life balance is great, great cafeteria!

    Cons

    Financial crisis hit this place hard and there is no longer much room to go upward. Good people are slowly leaving.

    Advice to ManagementAdvice

    If you can't pay them better, give them more flexibility.

    Doesn't Recommend
    Disapproves of CEO
  9. 1 person found this helpful  

    Was happy to leave

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

    I worked at Royal Bank of Scotland

    Pros

    Initially the money was good, as was the reputation. Most of the people I worked with directly were actually quite nice.

    Cons

    But things went downhill very quickly. It was a rudderless ship, and you felt it all the way down the lines. I found that those in the US were treated as secondary citizens in many ways. We rarely got information from management in a timely manner and our benefits were far from comparable to our UK colleagues. Maternity benefits were laughable as were the almost constant employee satisfaction questionnaires. I'm confident no one paid any attention to those.

    Advice to ManagementAdvice

    Perhaps the now trimmed down RBS will be more manageable. Remember your employees are there at will. Some will leave a poor working environment even if they have no where else to go.

    Doesn't Recommend
    No opinion of CEO
  10.  

    very very very UK centric

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • 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

    Pros

    benefit packages(outside of compensation)
    new building and facilities in US
    few very bright and competent people

    Cons

    business is centred around UK decision makers. There global businesses who do not have empowerment locally to take advantage of local economies.

    bad leadership results in bad attitude with subordinates and thus we have bad business results and thus being the mess they are in.

    no bonus 2 years running for non-money makers (finance,IT,operations,etc)

    Advice to ManagementAdvice

    reward all who sacrifice they're personal time for sake of good of company.

    Doesn't Recommend
    Disapproves of CEO
  11.  

    Lot of learning experience, no clear job growth plan.

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

    I have been working at Royal Bank of Scotland

    Pros

    Lot of learning opportunity. Lot of new projects going on.

    Cons

    Long hour of work. No clear growth plan.

    Doesn't Recommend
    No opinion of CEO

Royal Bank of Scotland Photos

Work at Royal Bank of Scotland? Share Your Experiences

Royal Bank of Scotland

 
Click to Rate
or

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