RBC Financial Group Reviews in Toronto, ON Area

Pros

-Large institution, so stable environment and good benefit
-Suppose one can expect high income

Cons

-Internal Transfer is not easy, so as other large corps.
-Promotion is not usual

Advice to Senior Management

Need to constant discover new talent.

Pros

Large institution with challenging positions available

Cons

Slow to adopt change and too conservative some times

Advice to Senior Management

Be more agile

Pros

Supportive management, room for advancement

Cons

Unrealistic goals at times, Year end bonus based on ridiculous survey results

Advice to Senior Management

Education of potential career paths

Pros

Reputation, market dominance in Canada

Cons

Glass ceiling at Sr. Manager level for most

Advice to Senior Management

Retain good talent

Pros

Helpful learning environment. Managers encourage employees to try new avenues and also keep updated with various courses. Gives a great insight into the backend working of the bank.

Cons

Compensation was on the lower side, however the bonus is quite generous and partly makes up for the lack of base salary.

Pros

Large corporate entity with diverse set of businesses that can allow growth in knowledge and some advancement career wise depending on the unit

Cons

Laid back and complacent corporate culture, mediocre skillset of employees, technologically dragging 5-7 behind US competitor, and large overhead in internal services due to overstaffed departments reflecting the level of late 90s.

Advice to Senior Management

The focus on advisory services and other value added services like insurance and IB without having at the same time banking branch penetration is limiting the growth of this company. It's well reflected in the share price and the inability to leverage opportunities that competitors like TD, BMO, and Scotiabank are creating for themselves.

Pros

Very good Stock options for staff

Cons

It can be difficult to move up in the company

Advice to Senior Management

Having knowledgable employess is great, but don't forget to look at internal hires.

Pros

Recognition for work done. Great team building / team sports / golf tournament events. Dinner and a cab when you work late.

Cons

Demanding hours during busy periods. Office space is not as glamourous as it could be. Free coffee is not that great.

Advice to Senior Management

I like the fact that RBC likes to develop within. Team building events do a great job in making us better.

Pros

Opportunity to work in one of the most admired financial institutions in the world
Fair treatment, merit-based hiring process with no bias against newcomers to Canada
Work-life balance

Cons

Difficulty in navigating through such a big organization can be overwhelming
Too much weight on titles/accreditation
Slow employee/management turnover, hence limited opportunities to move up

Advice to Senior Management

Make orientation mandatory among new employees to ensure that everyone in the organization gets a wholistic view of the bank & its vision as a Group

Pros

Teamwork, internal courses, managment support, really good for people with disabilities such as myself.

Cons

low wages- but this year they have added bonus incentives that are much better than previous years.

Advice to Senior Management

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