Royal Bank of Canada

  www.rbc.com
  www.rbc.com

Royal Bank of Canada Reviews

Updated October 16, 2014
Updated October 16, 2014
468 Reviews
3.4
468 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Royal Bank of Canada President and Chief Executive Officer Gordon M. Nixon
Gordon M. Nixon
278 Ratings

Review Highlights

Pros
  • Work/life balance- Flexibility in terms of taking time off and family emergency (in 25 reviews)

  • Good work environment here -many of the staff are career focused and want to move up (in 23 reviews)


Cons
  • The bank is fast paced making work/life balance tough (in 8 reviews)

  • Very difficult to move up if you do not have any connections (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good culture, ok hours and interesting work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Quantitative Summer Analyst in New York, NY
    Former Employee - Quantitative Summer Analyst in New York, NY

    I worked at Royal Bank of Canada as an intern (less than an year)

    Pros

    If you like a more relaxed culture and want to work for a growing investment bank. Company value is great and the people there are very friendly to each other

    Cons

    The company doesn't give you the sense of prestige like some other banks like Goldman or Morgan Stanley.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Summer Analyst -Finance

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

    I have been working at Royal Bank of Canada as an intern (less than an year)

    Pros

    Great compensation for an intern.

    Cons

    Many people of my division complained about the culture of front office which was not very motivating.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  3. 2 people found this helpful  

    Solid Place to Start Your Career

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

    I have been working at Royal Bank of Canada full-time (more than an year)

    Pros

    Satisfactory Reputation on the Street

    Adequate work/life balance relative to other large investment banks

    Bonus are above average as well as base salary.

    Cons

    Very toxic culture and work environment.

    Antiquated systems and limited investment in junior employees.

    Refusal to investment in real professional development.

    As a major investment bank that is trying to compete with other firms in terms of recruiting top talent, HR thanked our summer interns with a going away lunch of cold cuts. It was almost embarrassing to say I worked here.

    No real commitment to fostering an environment of collaboration or team work.

    Inadequate training for employees.

    Advice to ManagementAdvice

    Listen to employees more. Why solicit so many surveys if none of the action items are acted upon.

    Not every good analyst needs to be a manager.

    The lack of resources for analysts to associate directors ensures that RBC is just a pit stop and not a destination.

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

    Worked 8 and half years retired in January 2014. You did not have that year in your files

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Private Banker Officer in Miami, FL
    Former Employee - Private Banker Officer in Miami, FL

    I worked at Royal Bank of Canada part-time (more than 8 years)

    Pros

    It is a very solid bank. Worked in private banking for a period fo 20 years with same executive. Would like to go back to work but not in private banking. My immediate superior can be contacted any time for references. Presently in Europe will return June 6, 2014.

    Cons

    There is always training and I love the personal contact with the client. Have developed beautifu relatonships with them. You become part of a family.

    Advice to ManagementAdvice

    None to make a comment. They know exactly what they have to do.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Seriously get better management

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Canada

    Pros

    Great benefits and ok pay.

    Cons

    Management on the Capital Markets side is terrible. Backstabbing is very common.

  7.  

    Would recommend RBC

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Royal Bank of Canada full-time (more than 10 years)

    Pros

    RBC continues to grow, not only in business, but in the community - helping children with their education, mentoring them and providing guidance to help prepare them for their futures; playing a part in the process of protecting our water supply; and in various other ways. Also, RBC encourages and supports work-life balance.

    Cons

    Depending on the manager, career advancement can be challenging.

    Recommends
  8. 1 person found this helpful  

    2nd tier US Investment Bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Equity Research Associate in New York, NY
    Former Employee - Equity Research Associate in New York, NY

    I worked at Royal Bank of Canada full-time (more than an year)

    Pros

    -Base compensation is in-line with the industry.
    -Equity Sales force is excellent at getting analysts in front of investors

    Cons

    -Ibankers are terrible and lack basic knowledge of their industry, at least in the sector I covered
    -Due to the above the firm is left out of deals with companies where research has a good relationship
    -Given the weakness in banking, bonus pool is subpar
    -Technology investment is abysmal and the lack of investment reduces the productivity of the work force. For example, I still had Excel 2003 in 2013 and my job was to model in Excel. I had clients who couldn't open my models because our software was so old. I had another client poke fun at how ancient my laptop was. Its a broker/dealer, the aim is to impress the buy side.
    -Small US employee pool has lead to unsatisfactory employee health care benefits

    Advice to ManagementAdvice

    -Ibanking is the profit driver of the business, get bankers who are worthwhile or don't bother

    No opinion of CEO
  9.  

    good company

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

    I have been working at Royal Bank of Canada as a contractor

    Pros

    people are nice at the company

    Cons

    usually you have to work late, leave after 6pm

  10.  

    Summer Internship

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

    I worked at Royal Bank of Canada as an intern (less than an year)

    Pros

    Very laid back environment and extremely helpful colleagues.

    Cons

    Tech internships should be more structured

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Intern in Alternative Assets Group

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

    I worked at Royal Bank of Canada as an intern (less than an year)

    Pros

    Friendly environment. Very relaxed office. Good work load. Mediocre teaching

    Cons

    Post-Intern recruiting process was not ideal. Did not have solid structure, you must find additional projects to work on.

    Recommends
    Neutral Outlook
    Approves of CEO

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