RBC Wealth Management

  www.rbccm.com
  www.rbccm.com
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RBC Wealth Management Reviews

Updated September 10, 2014
Updated September 10, 2014
101 Reviews
3.3
101 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
RBC Wealth Management President and Co-CEO Mark Standish
Mark Standish
22 Ratings

Review Highlights

Pros
  • The Work Life Balance is very respected here (in 4 reviews)

  • Great benefits, understanding of work/life - given options of work schedules to meet my needs (in 4 reviews)


Cons
  • Long hours and high pressure environment (in 3 reviews)

  • No room to advance or express ideas to change (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Summer Intern

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

    I have been working at RBC Wealth Management as an intern for less than a year

    Pros

    Well structured internship program with comprehensive training and after work events. Paid well hourly and included overtime.

    Cons

    My department was quite small and wasn't hiring for full time

    Recommends
    No opinion of CEO
  2.  

    Great company to work for - great people.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at RBC Wealth Management

    Pros

    Great people who truly care about clients and employees

    Cons

    Dependent upon your role - too much work with not enough employees

  3.  

    Flexible, Low Stress, Fast Paced Environment.

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

    I have been working at RBC Wealth Management as a contractor for more than a year

    Pros

    The Work Life Balance is very respected here. People's time is respected and you aren't asked to work long hours unless there's some urgent business which usually isn't the case.
    Compensation and Benefits are good and they have a generous tuition reimbursment program.
    Little micro-management and lots of room for growth. If you're willing to grow your role, you will be allowed to.
    Upper management makes a real effort at listening to employee needs i.e. doubling their efforts to encourage peer driven awards and recognition.

    Cons

    Not the BEST employee discounts offerings
    Project/budget approval process can be lengthy.
    There really isn't much to complain about here.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Excellent Benefits, Low Recognition, Generic Vision

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at RBC Wealth Management full-time for more than 10 years

    Pros

    Experienced good work/life balance, inclusive and diverse mindset, supervisors and managers very kind. Great twin cities presence with a wannabe national presence.

    Cons

    Most support departments have reporting to Canadian HQ, which creates a lot of wait and see for budgets and projects. CEO John Taft primarily out for his own legacy, although he is well-liked in the field and a media darling.

    Advice to ManagementAdvice

    Get a vision, support projects with discipline

    Recommends
    Negative Outlook
    No opinion of CEO
  6.  

    A lot of work with no reward.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate  in  Minneapolis, MN
    Former Employee - Senior Associate in Minneapolis, MN

    I worked at RBC Wealth Management full-time for more than 3 years

    Pros

    Great customer service experience. Very high paced and demanding of high organization skills. If you don't have organization, you will learn it quickly.

    Cons

    Repetitious, fast paced customer service with many upset brokers that yell at you over the phone. High stress industry, Low base salaries compared to industry standards, and no growth potential.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7.  

    Fast growing organization with great people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at RBC Wealth Management full-time for more than 5 years

    Pros

    Intelligent, hard-working, results-driven, yet unusually caring group of Investment Bankers.

    Cons

    While the organization successfully took advantage of the opportunities left by larger IBanks in the past few years, there were some understandable "growing pains" felt administratively and culturally.

    Advice to ManagementAdvice

    Retain the valuable knowledge Analysts and Associates gain in their initial >80 hr/week over the course of 2 years out of school, versus seeing them go to competitors for the next step in their career.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Go to another financial firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Minneapolis, MN
    Former Employee - Anonymous Employee in Minneapolis, MN

    I worked at RBC Wealth Management full-time for more than 5 years

    Pros

    Some of the people are nice to work with/for.

    Cons

    The Management/Supervisors care more about liking you on a personal level than how hard of a worker you are. Also, every 2 years the employees take a survey about the management, but the last survey was so bad that it took management almost a year to tell us the reviews. Also, the branches take a review on the back office employees (which that is what I did) and even though the reviews were very good.....management said it could be better. It is like a compliment on one hand and a slap in the face on the other.

    Doesn't Recommend
    Disapproves of CEO
  9.  

    Colleagues were very nice however I believe staff was underutilized.

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

    I have been working at RBC Wealth Management full-time for less than a year

    Pros

    Staff was great and never had issues with scheduling time off.

    Cons

    Compensation was lacking and felt that the talents of a lot of the staff members were underutilized which limited any growth potential for employees.

    Advice to ManagementAdvice

    I feel that most of the staff has been there for a very long time, which their loyalty is great, however I think they may want to realize the importance of fresh faces and ideas and utilize differing viewpoints. I think when you are hiring someone new it may be a good idea to use their previous experience to RBC's benefit by looking at what things are different and what things work better/worse.

    Doesn't Recommend
    No opinion of CEO
  10.  

    Decent

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

    I have been working at RBC Wealth Management full-time for more than 10 years

    Pros

    Decent benefits, lots of opportunity for the right people. No significant raises, 3 is the highest review score they will allow out of 5.

    Cons

    Geared toward women and new college grads. A lot of the good jobs go to kids of the financial advisors. They do layoffs frequently.

    Advice to ManagementAdvice

    Give decent raises more frequently.

    No opinion of CEO
  11.  

    It's a good place - would definitely recommend it

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

    I have been working at RBC Wealth Management full-time

    Pros

    No proprietary investments. Access to all management. Not too many layers of managers.

    Cons

    Good old socialist mentality that "if we did this for you, then we'd have to do it for EVERYONE so then we can't do it for you".

    Recommends
    Positive Outlook
    Approves of CEO

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