Royal Bank of Scotland

  www.rbs.com
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2 people found this helpful  

A tough environment in a damaged company

Director (Former Employee) Jersey City, NJ

ProsBenefits 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

ConsCompensation 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 Senior ManagementManagement'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.

No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    OK; would not recommend.

    Anonymous Employee (Current Employee) Stamford, CT

    I have been working at Royal Bank of Scotland


    Pros: - OK work/life balance. - Fitness center in the building. - Ergonamically… Cons: - Location, location, location!!! - Stamford, CT. - Management has no or very little… Advice to Senior Management: Advice to Sr. Management: restructure management. No, I would not recommend this company to a friend More
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    RBS Overview

    Anonymous Employee (Current Employee) Stamford, CT

    I have been working at Royal Bank of Scotland


    Pros: Great people to work with, keeping you on your toes, teaching… Cons: Long hours and difficulty moving around the bank. Advice to Senior Management: Employees are working long hours and often completing more than… More
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