Royal Bank of Scotland

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Royal Bank of Scotland Reviews

Updated December 15, 2014
Updated December 15, 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

274 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    So So. It was ok

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

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

    Pros

    nice and sweet people. Supportive co-workers

    Cons

    prefer outside talent. Limited opportunity

    Advice to ManagementAdvice

    n/a

    Recommends
    Negative Outlook
  2. 2 people found this helpful  

    OK overall but lacking in advancement and opportunity

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

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

    Pros

    Great medical benefits and vacation plans. Decent salary. Open floor plan. Good people working at the bank. 10 paid holidays a year with 3 weeks vacation.

    Cons

    Open floor plan. No bonuses for two years now. Instability in bank's prospects. Hesitant to allow use of vacation.

    Advice to ManagementAdvice

    Work hard to stabilize the bank and remember your employees need incentive to stay

    Recommends
    Neutral Outlook
    Disapproves of CEO
  3.  

    Possibly good for someone with patience, family and wanting a relaxed job.

    • 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

    Every place has its pros/cons, but having said that people are generally friendly/pleasant. Overall, firm culture is laid-back. Work hours aren't bad.

    Cons

    Uncertainty about medium or long term direction.

    Total Comp will be less than other banks. Some corporate title-inflation exists (e.g. VP's getting promoted unexpectedly to MD) to narrow pay differential.

    No sick leave, sick days come out of vacation leave.

    Advice to ManagementAdvice

    Any specific requests/guidance from them would be really appreciated and acted upon, quickly.

    Approves of CEO
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  5. 2 people found this helpful  

    A tough environment in a damaged company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Director in Jersey City, NJ
    Former Employee - Director in Jersey City, NJ

    I worked at Royal Bank of Scotland

    Pros

    Benefits are good, not great
    Company understands that it has failed its employees and makes an effort to treat them with respect to compensate
    Compensation was very good before Bank of England takeover for those that were non traders ad investment bankers.
    Interesting business challenges to work on
    A lot of smart experienced people for early career associates to learn form

    Cons

    Compensation for non traders and investment bankers has fallen for some staff by as much as 60% as a result of the unwillingness to pay bonuses
    Firm is in strategic downsizing mode in order to pay back the bank of England and rebuild their capital base and risk profile
    UK politics are very prominent driver of the bank's behavior
    If you are a US employee, you shouldn't get too comfortable
    Lost a lot of talent the past two years
    Looks like a big UK bank with a big trading and payments business, not very global in a world where the ability to succeed in EM is important
    Very political, very insular management culture

    Advice to ManagementAdvice

    Management's inability to complete integration and separation with ABN AMRO (2 + years) and get on with the process of building a growing business that people can be proud to work for is a significant barrier to building long term success. Too many legacy "comfort senior managers? in lines of business, move em out, hire some energy make some tough decisions and get on with it. This is an almost completely non differentiated bank.

    Doesn't Recommend
    No opinion of CEO
  6.  

    RBS Overview

    • 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

    Great people to work with, keeping you on your toes, teaching you new things and encouraging you to take on more challenging responsibilities.

    Cons

    Long hours and difficulty moving around the bank.

    Advice to ManagementAdvice

    Employees are working long hours and often completing more than one job. Flex-time when necessary would be a welcomed treat.

    Approves of CEO
  7.  

    RBS - It can be satisfying

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Infrastructure Project Manager in Edinburgh, IN
    Former Employee - Infrastructure Project Manager in Edinburgh, IN

    I worked at Royal Bank of Scotland

    Pros

    Focused Delivery. Good levels of technical skills. Nice offices and Edinburgh is the most beautiful city in the UK. People are very friendly.

    Cons

    Major process headaches. Average pay. Work\life balance difficult to achieve.The level of contractors the bank requires makes consistency very difficult to manage.

    Advice to ManagementAdvice

    Listen to the people who deliver. It should not be this hard most of the time!

    No opinion of CEO
  8.  

    Good to start with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate(Finance) in Gurgaon, Haryana (India)
    Former Employee - Senior Associate(Finance) in Gurgaon, Haryana (India)

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

    Pros

    Best training modules,programs.So much to explore withing different business units.

    Cons

    Growth tree kind of slow and not employee favoring.

    Advice to ManagementAdvice

    Promotion should be based on knowledge test and competencies and not on based on rating a manager give to every employee.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Royal Bank of Scotland Commercial and Private

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

    I worked at Royal Bank of Scotland full-time (more than 10 years)

    Pros

    Good work life balance
    Lots of very good people
    good flexible package

    Cons

    substantial structural change leading to some long term uncertainty

    Advice to ManagementAdvice

    be mindful of the volume of change over the last few years and allow people to consolidate and build to deliver the banks aims for excellence

    Recommends
    Positive Outlook
  10.  

    AM

    • 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

    Safe job,peaceful job , no work pressure

    Cons

    on bonus component HR lie, very little scope for learning new things, you should be good in buttering to get growth.

  11.  

    Part of marketing team in the investment banking division

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

    I have been working at Royal Bank of Scotland

    Pros

    The Blitz spirit amongst fellow workers.

    Cons

    Company disintegrating in the wake of the financial crisis.

    Advice to ManagementAdvice

    Find a way to think more like a small company. Stop talking in platitudes

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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