Royal Bank of Canada
3.6 of 5 417 reviews
www.rbc.com Toronto, Canada 5000+ Employees

Royal Bank of Canada Reviews

Updated Jul 7, 2014
All Employees Current Employees Only

3.6 417 reviews

                             

90% Approve of the CEO

Royal Bank of Canada President and Chief Executive Officer Gordon M. Nixon

Gordon M. Nixon

(256 ratings)

75% of employees recommend this company to a friend
417 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Work/life balance- Flexibility in terms of taking time off and family emergency"
    in 19 reviews
  • "Good work environment here -many of the staff are career focused and want to move up"
    in 19 reviews
Cons:
  • "Senior Management can be all over the place sometimes"
    in 10 reviews
  • "Very difficult to move up if you do not have any connections"
    in 5 reviews
  • Show more review highlights

Reviews

    • Culture & Values
           
    • Work/Life Balance
           
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    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Good place to start

    Intern (Former Employee)
    New York, NY

    Prosgood culture and a very safe place. I would recomend this place tothose who still want to have a life

    Conslow visability which hurts prestige and pay might not be as good as those top american firms on wall street

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    I liked it.

    Equity Trader (Current Employee)
    New York, NY

    ProsHigh payout. Access to capital. Good support. Good benefits. I liked working there was profitable every month I worked there.

    ConsManagement wanted to change my deal as soon as financial crisis hit. Was profitable every month, never took drawdowns, they didnt care. Raised commisions, lowered payout. So I left

    Advice to Senior ManagementDont change employees deals for no reason. Asses each person on their own merits and dont force profitable traders to subsidize unprofitable ones.

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Poor management in NY office

    Senior Financial Analyst (Former Employee)
    New York, NY

    ProsVery large, successful organization. Canadian division is a great place to work and Canadian colleagues are talented and upbeat. NY offices are in Manhattan. Pay is ok, on par with other financial institutions, better than other industries.

    ConsNote - this applies to NY office only!
    Poor senior management style and poor hiring of junior management. Very negative attitude and fear trickles down to staff. No promotions & no rewards for good performance. Over-hiring then firing demonstrates poor planning. Revolving door environment - good people leave.

    Advice to Senior ManagementNote - this applies to NY office only!
    Treat staff with more respect. Nurture talents and allow people to use them. Maintain a more positive attitude and reward good performance and share in company achievements.

    No, I would not recommend this company to a friend

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    • Work/Life Balance
           
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    1 person found this helpful  

    long hours, conflict-ridden environment

    Valuation Manager (Former Employee)
    New York, NY

    Prosgood financial position of the company

    Consvery poor work / life balance
    poor treatment of employees
    sick days coming out of vacation

    No, I would not recommend this company to a friend

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    Interesting, but need more challenges

    Anonymous Employee (Current Employee)
    New York, NY

    ProsGood working environment and nice coworkers

    ConsNot so flexible and lack of challenges

    Advice to Senior ManagementMore compact teams so that it is not necessary to put much time on communications among different groups.

    Yes, I would recommend this company to a friend

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    so far so good

    Director (Current Employee)
    New York, NY

    Prosprofitable, consistent making money, good equity trading business, both prop and market making.

    Consneed to diversity the business

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    Great place to work

    Director (Current Employee)
    New York, NY

    ProsIn growth mode, lots of opportunity

    ConsBureaucratic, process-heavy, should be more results-oriented

    Yes, I would recommend this company to a friend

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    2 people found this helpful  

    Has a lot of potential, but senior managment in NYC is very lazy and not very knowledgeable

    Compliance (Former Employee)
    New York, NY

    ProsName recognition
    Computer technology is pretty good

    ConsBonus sucks
    Takes forever to get promoted
    Cut-throat
    They hire smart people, so management can be lazy and collect big bonuses

    Advice to Senior ManagementSenior management needs to be managed and be held accountable when they do a poor job.

    No, I would not recommend this company to a friend

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    Great group of people, really knew how to work as a time

    Anonymous Employee (Former Employee)
    Boston, MA

    ProsThe energy and passion of the people I worked with

    ConsLong hours, waking up early isn't great.

    Yes, I would recommend this company to a friend

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    • Work/Life Balance
           
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    Grwoing Company with Oportunity

    Manager WFM (Current Employee)
    New York, NY

    ProsThe bank is doing extremely well as canadian banks have been insulated from the US real estate market
    The is alot of opportunity for movement within the bank

    ConsHours can be long as RBC attempts to compete with the top tier with some ground to make up in systems and initiatives that need to be implemented

    Advice to Senior ManagementFocus should be given to those who make real chnage and should be supported by their management team as opposed to making political plays

    Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at Royal Bank of Canada reviews and ratings — including employee satisfaction and approval rating for Royal Bank of Canada CEO Gordon M. Nixon. All 417 reviews posted anonymously by Royal Bank of Canada employees.