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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 for 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

Other Reviews for Royal Bank of Scotland

  1.  

    Nice area to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Analyst  in  Salt Lake City, UT
    Current Employee - IT Analyst in Salt Lake City, UT

    I have been working at Royal Bank of Scotland as an intern for less than a year

    Pros

    Good Environment
    Nice people
    Smart people

    Cons

    Career Advancement/ Salary Advancement
    Low salary

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Lack of clear direction

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

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

    Pros

    Good name to have on your resume
    Good professionals, coworkers

    Cons

    Dwindling bonuses
    Dependency on UK Tax Payers' sensitivity
    The bank is driving talented people and key SMEs away

    Advice to ManagementAdvice

    If I say this, I could be identified, so I won't say it until I am somewhere else.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
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