Royal Bank of Scotland Reviews

Updated October 31, 2014
Updated October 31, 2014
738 Reviews
3.1
738 Reviews
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Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
72 Ratings

Review Highlights

Pros
  • Work-life balance is fair and constant monitoring of your growth as an individual here (in 186 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 29 reviews)

More Highlights

141 Employee Reviews Back to all reviews

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  1. 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
  2.  

    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
  3. 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
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  5. 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
  6.  

    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
  7.  

    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
  8. 1 person found this helpful  

    It was okay, the company still has a lot of catching up to do technology wise.

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

    I worked at Royal Bank of Scotland

    Pros

    Good benefits, decent pay, new building

    Cons

    Managers don't support promoting employees, no work/life balance, people work like zombies there.

    Advice to ManagementAdvice

    Give your employees a break sometimes!

    Disapproves of CEO
  9. 1 person found this helpful  

    Low Morale

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

    I have been working at Royal Bank of Scotland

    Pros

    Excellent work life balance -- lots of vacation time and short hours for wall street (~60 hours week); Generally nice managers and coworkers; well respected energy banking group and traders

    Cons

    Commute to Stamford; All bonuses are deferred for 3 years; harder to win deals with mediocre bankers and a mid-tier name; focus on debt with very little M&A or equity capabilities

    Advice to ManagementAdvice

    People are unhappy about the commute, so reward them with other perks (and street level pay, which means not deferred)

    Doesn't Recommend
    No opinion of CEO
  10.  

    OK; would not recommend.

    • 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

    - OK work/life balance.
    - Fitness center in the building.
    - Ergonamically friendly work environment.

    Cons

    - Location, location, location!!! - Stamford, CT.
    - Management has no or very little leadership traits.
    - Compensation is not consistent accross orgnanization.
    - Motivation is low.

    Advice to ManagementAdvice

    Advice to Sr. Management: restructure management.

    Doesn't Recommend
    No opinion of CEO
  11.  

    Software Designer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Designer in Gurgaon, Haryana (India)
    Current Employee - Software Designer in Gurgaon, Haryana (India)

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

    Pros

    Good Work Life balance
    Good food
    Cool environment
    home to office and back cab facility

    The one and only reason to join is good work life balance.
    If you are joining at a senior position with a very good CTC, come and enjoy your life.
    Absolute NO to freshers and people with 3 to 5 years of experience. You will get frustrated when all your peers in other organisations will earn wayyyyy more than you.

    Cons

    Very poor HR dept
    poor Compensation
    no learning opportunities
    Manager is the boss

    There is a lot of politics. You end up playing more politics than any technical work.
    You will be rewarded only if you are a smoking or drinking buddy with your senior manager
    Absolutely no transparency on Bonus structure. 90% of the time you won't get it.

    Advice to ManagementAdvice

    Get your figures right and revise compensations as per real market standards

    Recommends
    Neutral Outlook
    No opinion of CEO

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