Royal Bank of Canada Reviews

Updated April 18, 2015
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3.7
598 Reviews
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Royal Bank of Canada President and Chief Executive Officer Gordon M. Nixon
Gordon M. Nixon
333 Ratings

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 Pros and Cons

Employee Reviews

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  1. Summer Intern

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

    I worked at Royal Bank of Canada as an intern

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

    Pros

    One on one mentoring with Manager
    Learned all parts of the company
    Great excel experience

    Cons

    Lack of work at times
    Technology was a little dated

    Advice to Management

    Accumulate work to be done during the spring for summer interns

  2. Helpful (1)

    This is a company that compensates employees well with a good work/life balance.

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

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

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

    Pros

    Work/life balance, competitive compensation, company values, high integrity within the financial services industry, opportunity for personal growth, accessible corporate structure

    Cons

    While pay is competitive, RBC is very slow to promote employees. There are not title promotions. Additionally, RBC is very slow to adapt to the changing market environment.

    Advice to Management

    I would advise them to adapt more quickly to changes in the market environment and allocate more resources to slower growing business units.

  3. Vice President

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    general relaxed environment, working hours not bad

    Cons

    system infrastructures aren't centralized and well developed

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


  5. Good first step to industry experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Private Client Group in Minneapolis, MN
    Former Intern - Private Client Group in Minneapolis, MN

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

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

    Pros

    Great experience to break into the industry as an intern. Make sure to take advantage of downtime and read as many articles as you can to learn about financial services.

    Cons

    Lots of client preparation tasks that can seem tedious at times

    Advice to Management

    Give beginning interns more independent projects

  6. Business banking

    • 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 full-time (more than 5 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Excellent opportunity to excel in business banking.

    Cons

    Too much administration and paperwork

    Advice to Management

    Keep up the good work

  7. Was a great place to work

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Royal Bank of Canada

    Pros

    Good people - particularly in Toronto. Bank treats some long time employees very well. Keep doing this. They are the best part of RBC

    Cons

    The culture has become more cutthroat in NY. RBCCM hired a lot of high priced talent from the Street over the last several years. What was once a collegial place to work has become much more stressful with that change

    Advice to Management

    Don't try to run NY from TO - it will end badly for the bank

  8. RBC is a very professional, well run company.

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

    I have been working at Royal Bank of Canada

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

    Pros

    Laid back atmosphere, great location in downtown Manhattan.

    Cons

    Sometimes deadlines can be stressful.

  9. awesome

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Royal Bank of Canada

    Pros

    very very good and very very dynamic

    Cons

    no at all so far so good

  10. Helpful (2)

    Dig DEEP to clear the Smoke and Mirrors and decipher what you're truly getting yourself into

    • 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 full-time (more than 8 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Global brand with recognition. People on the outside will respect you work for them.

    Cons

    They really don't care about their employees.

    Advice to Management

    Perhaps telling your employees the truth will yield better results as opposed to feeding them PR Statements.

  11. Helpful (1)

    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)

    Recommends
    Negative Outlook
    Recommends
    Negative Outlook

    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 Management

    Grow a pair and quit playing favorites.

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