Royal Bank of Canada Reviews

Updated July 30, 2015
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3.8
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Recommend to a friend
Approve of CEO
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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

635 Employee Reviews

Sort: Popular Rating Date
  1. Good place to work

    • 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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Many opportunities, just wish they would hire qualified applicants.

    Cons

    Some managers need to be more personable.


  2. 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.


  3. Intern in IT

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

    I have been working at Royal Bank of Canada (Less than a year)

    Pros

    Everyone I spoke to was nice and willing to help me succeed

    Cons

    There wasn't a lot of exciting technical work being done.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. associate

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

    I have been working at Royal Bank of Canada

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Great company to work for

    Cons

    they moved operations to canaa

    Advice to Management

    do your research before you outsource


  6. 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.


  7. 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.


  8. 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.


  9. 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.


  10. 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.


  11. Helpful (1)

    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.



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