Royal Bank of Canada Reviews

Updated July 25, 2015
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3.8
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Recommend to a friend
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David I. McKay
13 Ratings

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

  • Diverse, inclusive, fun work environment (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 Pros and Cons

629 Employee Reviews

Sort: Popular Rating Date
  1. Rbc

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

    I have been working at Royal Bank of Canada

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good work environment. Very friendly staffs. RBC has good training and extensive development programs.

    Cons

    Lots of long hours and over time. Long commute for most staffs as there are not many location for my specific role.


  2. Conservative and stable

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

    I worked at Royal Bank of Canada full-time

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Conservative, stable financial institution that is extremely strong within the Canadian financial services market. Good environmental and diversity ethic. Despite being a large financial institution, it is possible to have a good work life balance. Whilst compensation is below many competitors, it has a good PTO policy with generous vacation days.

    Cons

    Conservative nature of institution leads to slow decision making which makes closing deals in competitive and fast moving markets very difficult. Despite its dominant brand position in Canada, this is not translated in the USA where brand recognition is very low.


  3. Ehhh

    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Royal Bank of Canada

    Pros

    Growing Generally pleasant people Well paid ok hours for the industry

    Cons

    Not the most sophisticated bank low brand recognition Some awful attitudes

    Advice to Management

    Keep striving for balance between growth and overexpansion. Purge the toxic people, they ruin an otherwise good culture.


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  5. RBC Review

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Very very nice people and work environment. Well paid and good benefit. Can esaily get exposed to different functions of the firm and many career opportunities.

    Cons

    There are really not much downside. Depends what kind of company culture/work environment you like, you do not usually get a lot of pressure working at RBC.

    Advice to Management

    It could potentially be nice to have more compeititve and fast-paced values added to the firm to inspire people improve/move forward in a faster pace.


  6. Account Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Manager in Ontario, CA
    Former Employee - Account Manager in Ontario, CA

    I worked at Royal Bank of Canada full-time (More than 5 years)

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

    Pros

    Great people to work with. Great information to provide to client with decent tools.

    Cons

    Work life balance not there. Expected to hit targets even if 60+hours were needed. For the pay the time put in was not worth it.

    Advice to Management

    Practice what is stated. Work life balance is a must. When there were problems outside of work I was given time off but then was given low quarter reviews when targets were not met. So it is great to give the quarter off without pay and still keep my job but than to be rated non-performing is a little much.


  7. Helpful (2)

    Great Place to Work

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

    I have been working at Royal Bank of Canada full-time

    Pros

    Great experience with my wealth management team. Highly efficient with revenue and continuing to grow. The partners made the work environment as comfortable as possible and the hours were not bad. I personally stayed an hour after my leaving time in order to keep a leg up on my work.

    Cons

    I cannot really comment on a poor experience with my time at RBC. The pay is pretty standard for the position I was in, however, one may look for a bit more compensation depending on the level of experience a person has within the given position. I was straight out of school, therefore had very little experience.


  8. Great Company

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great people. Respectful workplace and low turnover rate. Puts focus on clients first. Always strive to open communication and listen to employees feedback.

    Cons

    Not much room for career growth or slow progression. Stagnant salary improvement.


  9. Not Good

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

    I worked at Royal Bank of Canada full-time

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

    Pros

    Sustainability. Same day in and day out activities.

    Cons

    Can be repetitive. Staff wasn't pleasant. Rude Management

    Advice to Management

    Need to be more people friendly.


  10. grwate

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

    I worked at Royal Bank of Canada part-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Come back! Professional, great brand rwcognition

    Cons

    None! Except for leaving the Florida market

    Advice to Management

    Florida foot print


  11. Okay

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

    I worked at Royal Bank of Canada full-time (More than 3 years)

    Pros

    Greet staff Great team work Great customer service experience

    Cons

    Low Pay Blame customer service representatives for all mistakes Cheap

    Advice to Management

    Should treat your employees better. It's shameful to hear what has been happening recently. No one should be showing up to work everyday with no indication of when it will be their last day.



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