Royal Bank of Scotland

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Royal Bank of Scotland Reviews

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

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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  

    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
  2. 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
  3.  

    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
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  5.  

    Unusual

    • 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

    Pros

    Friendly staff members and good benefits including free drinks. Pay slightly above average but otherwise not many pros of the job.

    Cons

    limited breaks, only 20 mins per shift. Management were generally unaware of the needs to their staff. Very tight security giving the feeling of lack of trust.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Manager Driven Company

    • 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

    Pros

    Some of the project does not have any work

    Cons

    Manager Driven Company
    HR has no role if you are are not comfortable with your manager

    Doesn't Recommend
    Neutral Outlook
  7.  

    Challenging culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

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

    Pros

    Lots of opportunities to move about and try different areas of the business

    Cons

    Not a collaborative culture, although trying to improve

    Doesn't Recommend
    No opinion of CEO
  8.  

    Career Progression

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Manager in London, England (UK)
    Current Employee - Assistant Manager in London, England (UK)

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

    Pros

    compensation is very good for the work that is done. Good place to break into banking, you can make mistakes at work and no one really batters an eye lid

    Cons

    bad training. no culture for progression. a static and stale environment which wont build leaders. I have been here 4 years and moved around the bank. Each department is as stale as the other. if you want to be a high flier, this isnt the place

    Advice to ManagementAdvice

    Take lessons from the Big Four accountancy firm on how to foster a progressive culture

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Sad the downward spiral that this organisation has taken

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in Edinburgh, Scotland (UK)
    Current Employee - Project Manager in Edinburgh, Scotland (UK)

    I have been working at Royal Bank of Scotland full-time (more than 10 years)

    Pros

    Flexible working patterns are now policy, to save office space and associated infrastructure costs it is now possible to work from home using your own devices.

    There are still some great people who are working in this organisation.

    The new corporate values.

    Some of the office accommodation (Gogarburn) is of high quality.

    Cons

    Since the financial crash this organisation has changed from the best place I have worked when I really felt valued and appreciated and was able to do a good job to a place where there is bullying and obstacles are put in the way of getting a good job done - this is partly due to governance (fear driven) and also the lack of experienced staff.

    A lot of good staff have left over the last few years and the clean brooms at the top level do not have the corporate knowledge to implement their ideas.

    There have been a number of new ways of working, operating models and structures, each time the person who brings this new idea then leaves the organisation before the model gets a chance to become embedded.

    The increasing movement of jobs from the UK to India in order to cut costs has resulted in a number of third party companies in the sub-continent making a lot of money from the Bank. Within technology the net effect has been lowering of morale in onshore staff, lower quality and increased timescales.

    The organisation is now very much smaller but in some areas the workload has increased, with redundancies and attrition there is now a real shortage of managers in some areas. The remaining managers have too large a workload to do their job effectively and the stress is palpable.

    Political interference has been extremely damaging to the Bank. In particular the EU requirement to divest a part of the UK business. This has swallowed up people and money and has prevented the Bank investing in its technology to serve the organisation and its customers.

    Advice to ManagementAdvice

    Start living the values - think long term, encourage working together, respect and value your staff. Provide clear vision and direction - not just a strategy which is then left to be implemented by each area in its own way and leads to confusion and argument.

    Stop bringing in expensive consultants to tell you what your staff could tell you if they were given opportunities.

    Staff appropriately to enable people to have space in their schedules for creative thinking and continuous improvement. You will be surprised what can happen when you leverage the strengths of your workforce.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    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
  11.  

    Cost cutting

    • 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 (less than an year)

    Pros

    Good environment, friendly culture, high tolerance for mistakes

    Cons

    constant cost cutting.
    no bonuses

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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