Royal Bank of Canada

  www.rbc.com
  www.rbc.com

Royal Bank of Canada Reviews

Updated November 24, 2014
Updated November 24, 2014
507 Reviews
3.5
507 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
299 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. 1 person 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 an 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
  2.  

    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
  3.  

    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
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  5.  

    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
  6.  

    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
  7.  

    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
  8. 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 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
  9.  

    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
  10. 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.

  11.  

    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

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