RBC Wealth Management

  www.rbccm.com
  www.rbccm.com

RBC Wealth Management Reviews

Updated October 16, 2014
Updated October 16, 2014
103 Reviews
3.3
103 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 8 reviews)

  • Some of the people are nice to work with/for (in 4 reviews)


Cons
  • Long hours and high pressure environment (in 4 reviews)

  • Technologically, in terms of the back office systems, they are somewhat lagging behind (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 (less than an 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.  

    Definitely not a leading edge company. Very good benefits. Limited growth opportunities for employees

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Benefits are very good. Work/life balance very good but declining.

    Cons

    One of the most politically motivated organizations I've been a part of over 25 years of industry experience. Lack of vision (maybe local level?).

    Advice to ManagementAdvice

    N/A

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Missing the boat

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

    I have been working at RBC Wealth Management full-time (more than an year)

    Pros

    Generally good people, decent benefits, organizational growth underway in US which opens the possibility of positive change. Financially strong parent provides a degree of security during bad times.

    Cons

    Parent company is very bureaucratic, slow to react, lacks sense of urgency, misunderstands US market. Pinches pennies in all the wrong places - e.g. Technology platform is antiquated (quite literally, obsolete - IE 7, Microsoft Office 2003, major latency issues....make day to day activities daunting) and the organization is seemingly unwilling to fix it. Notable gender bias, although that is unfortunately not unusual for the industry. Mentally exhausting place to work.

    Advice to ManagementAdvice

    Eventually you're going to have to invest in technology infrastructure. The longer you put it off, the harder and more expensive it will be. We will not be competitive in our industry and will have a very hard time retaining employees otherwise.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    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

  6.  

    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 (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
  7.  

    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 (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
  8.  

    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 (more than an 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
  9.  

    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 (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
  10.  

    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 (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
  11.  

    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 (less than an 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

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