Royal Bank of Scotland
3.1 of 5 656 reviews
www.rbs.com Edinburgh, United Kingdom 5000+ Employees

Royal Bank of Scotland Reviews in United States

Updated May 19, 2014
All Employees Current Employees Only

2.6 82 reviews

                             

33% Approve of the CEO

Royal Bank of Scotland Group Chief Executive Ross McEwan

Ross McEwan

(3 ratings)

34% of employees recommend this company to a friend
17 Employee Reviews Back to all reviews
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    I would stay away from this company

    Anonymous Employee (Current Employee)
    Stamford, CT

    ProsStamford office is state of the art and the staff is very friendly.

    ConsCommute, Poorly managed areas and senior management constantly change gears...hard to see the direction of the company because of this.

    Advice to Senior ManagementLearn how to manage and not micro manage employees and put into place options Work from home flexibility.

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

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    Not the perfect place to work for

    Anonymous Employee (Current Employee)

    ProsYou are given some freedom

    ConsThe managers do whatever they want do, and they sweet talk you, but will never protect you..they will do illegal stuff, but will clip you if you do it because it benefits them

    Advice to Senior ManagementCare more about existing clients service, not just signing up new PREYs

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    Supplier Manager

    Contract Manager (Current Employee)
    Edinburgh, SC

    ProsNice Surroundings
    Flexible working
    Flexible benefits can be taken as cash

    ConsToo much focus on cost and not enough on service. Employees and Customers are not listened to - how can a bank be restored without the people and customers to do it.

    Advice to Senior ManagementEvery person working at RBS are also customers - this fact is overlooked!

    Yes, I would recommend this company to a friend

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    Making the best of a bad situation

    Anonymous Employee (Current Employee)
    Stamford, CT

    Pros1. The people are generally quite friendly.
    2. Management makes an effort to keep staff informed of new business strategies and developments.
    3. Bank has a commitment to diversity and respect for others.

    Cons1. After 5-6 years of losses, layoffs, a constant stream of bad press, and being forced to "do more with less", the staff are demoralized and exhausted - and looking for other opportunities elsewhere.
    2. Business strategy keeps changing and nothing ever seems to work.
    3. Compensation levels (especially bonuses) are far below those of its competitors.
    4. Organization is too bureacratic and unwieldy.
    5. Too many policies and procedures to keep track of and comply with.
    6. Too many computer tools and applications to keep track of and learn how to use.
    7. Perks and benefits are below par (e.g., the company match on the 401-K doesn't kick in until after one full year of employment).
    8. Bank is more reactive than proactive and always seems to be in damage-control mode.

    Advice to Senior ManagementFind a strategy that will work and keep this ship from sinking...

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

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    Pass on this place if your motivated...

    Vice President (Current Employee)
    Stamford, CT

    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 Senior ManagementPlease 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...

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

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

    Associate (Former Employee)
    Stamford, CT

    ProsCasual 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?

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

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

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    Software Associate

    Anonymous Employee (Former Employee)

    ProsGood salaries and benefits, good work life balance

    ConsLow hikes, too much bureaucracy

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

    Summer Analyst (Former Employee)
    Stamford, CT

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

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

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    I wouldn't work here again

    Analyst (Current Employee)
    Salt Lake City, UT

    ProsGreat work/life balance. For the most part, very nice people in the Salt Lake City office.

    ConsIncompetent 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 Senior ManagementDon'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.

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

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

    Client Service Manager (Former Employee)
    Chicago, IL

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

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

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

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Glassdoor is your free inside look at Royal Bank of Scotland reviews and ratings in United States — including employee satisfaction and approval rating for Royal Bank of Scotland CEO Ross McEwan. All 17 reviews posted anonymously by Royal Bank of Scotland employees.