Royal Bank of Canada

www.rbc.com

Royal Bank of Canada Reviews

Updated January 26, 2015
Updated January 26, 2015
540 Reviews
3.5
540 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
311 Ratings

Review Highlights

Pros
  • Adequate work/life balance relative to other large investment banks (in 30 reviews)

  • The culture and work environment is very motivating and inspiring for creativity (in 24 reviews)


Cons
  • The bank is fast paced making work/life balance tough (in 10 reviews)

  • Senior Management can be all over the place sometimes (in 11 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    great 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

    Pros

    start with lots of PTO; the company is pretty good to the employees

    Cons

    my manager was difficult. I felt locked down in my department with no room to grow.

    Advice to ManagementAdvice

    don't micromanage so much...

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Office conditions

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Branch Service Manager, Senior Registered Client Associate in Bellevue, WA
    Current Employee - Branch Service Manager, Senior Registered Client Associate in Bellevue, WA

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

    Pros

    Not many good things to say.

    Cons

    Small offices, extreme favoritism towards a part time employee. This person basically refuses to cover vacations. Weird how a part time employee can dictate to the branch director what she will or won't do and what hours she will or won't work. Last I checked, the Branch Director is the boss.

    Advice to ManagementAdvice

    Grow a pair and quit playing favorites.

    Recommends
    Negative Outlook
  3.  

    Burn out in operations

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

    I worked at Royal Bank of Canada

    Pros

    good pay, great benefits and work schedule

    Cons

    no work-life balance, no time for training or personal development; unreasonable workload demands

    Recommends
    Negative Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    ok

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

    I have been working at Royal Bank of Canada full-time (more than 5 years)

    Pros

    great place to work in the finance space

    Cons

    not much room to grow - beaurocratic

    Recommends
    Approves of CEO
  6. 2 people found this helpful  

    Okay place to work

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

    I worked at Royal Bank of Canada as a contractor (less than a year)

    Pros

    Worked as a temporary contract recruiter, the location and office space was great, employees were friendly

    Cons

    long hours, there is a substantial difference between permanent and temporary employees

    Recommends
    No opinion of CEO
  7.  

    No corporate culture - Some groups worse than others

    • 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

    Pros

    Good office location with great views and great walking paths along the river for when you need to clear your mind

    Cons

    Abusive bosses seem to be tolerated and bad managers keep getting rewarded.

    Advice to ManagementAdvice

    Weed out the VPs who were hired before the bank had a good reputation in the US. They are insecure when new more highly educated and accomplished talent comes in. They are destructive to the learning process of your new talent. Also, work on building a corporate culture in your NYC office. Seems each group has its own and some groups tolerate abuse of employees.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Undesirable Salaries

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

    I have been working at Royal Bank of Canada full-time (more than 5 years)

    Pros

    Great people, great culture. The workplace is like a family environment. The people here truly care about you and make this a comforting place to work at.

    Cons

    The salaries provided are on the extreme low end. Not a lot of room for career advancement within the company.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    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 a 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
  10.  

    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 a 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
  11. 3 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 a 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

Royal Bank of Canada Photos

Work at Royal Bank of Canada? Share Your Experiences

Royal Bank of Canada

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.