Royal Bank of Canada

  www.rbc.com
  www.rbc.com
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Royal Bank of Canada Reviews

Updated September 19, 2014
Updated September 19, 2014
451 Reviews
3.5
451 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
268 Ratings

Review Highlights

Pros
  • Work/life balance- Flexibility in terms of taking time off and family emergency (in 21 reviews)

  • Good work environment here -many of the staff are career focused and want to move up (in 22 reviews)


Cons
  • Senior Management can be all over the place sometimes (in 10 reviews)

  • Culture terrible, Capital markets management very much old boys club with no consideration for work life balance or listening to their staff (in 5 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good overall

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Canada

    Pros

    Not bad pay rate, being a big bank

    Cons

    Sometimes long hour, but it happens all over the places

  2.  

    great company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Mortgage Specialist  in  Fredericton, NB (Canada)
    Current Employee - Mortgage Specialist in Fredericton, NB (Canada)

    I have been working at Royal Bank of Canada full-time for more than 8 years

    Pros

    flexibility with great benefits and compensation is good

    Cons

    hours can be long at certain times of year

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    a good place to work lean a lot

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Driver  in  Port of Spain (Trinidad and Tobago)
    Former Employee - Driver in Port of Spain (Trinidad and Tobago)

    I worked at Royal Bank of Canada full-time for more than 8 years

    Pros

    rbc has a good benefits package joy security and multiculturalism

    Cons

    difficult to manage out problem employees

    Neutral Outlook
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  5. 1 person found this helpful  

    Great company, great culture and great benefits overall

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Financial Analyst  in  Toronto, ON (Canada)
    Current Employee - Senior Financial Analyst in Toronto, ON (Canada)

    I have been working at Royal Bank of Canada full-time for more than 8 years

    Pros

    Large company with a lot of opportunity to work in different areas and at different functions.
    Great benefits and senior management is engaged and wants to see the organization do well. There is work life balance as well.
    Company is focused on taking care of the customer which is always a good sign.

    Cons

    Its difficult to sometimes get your career progressing due to the size of the organization.

    Advice to ManagementAdvice

    Provide more management courses or seminars for your managers as they sometimes play favorites at the detriment of the organization as a whole. There are no obvious checks and balances in place to control against playing favorites at performance appraisals.

    Recommends
    Approves of CEO
  6.  

    Great Internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Marketing Intern  in  Hamilton, ON (Canada)
    Former Employee - Marketing Intern in Hamilton, ON (Canada)

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

    Pros

    Fantastic work environment. Lots of opportunity to be exposed to different projects.

    Cons

    Can sometimes get dull, but that depends on whether you're interested in the products/services offered.

    Advice to ManagementAdvice

    Keep up the good work

    Recommends
    Positive Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    The people make the difference!

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

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

    Pros

    When I began looking for a job in banking, with the ultimate goal of becoming a financial planner, I literally walked into branches of the 5 major banks to pick up brochures, check things out. I came away with the impression that all of the banks are pretty much the same. After working at RBC for 10 years, I can tell you that there is a difference that RBC has, and it's that the overall quality of people working there is just that one level higher than those of other banks. Many times I've met new co-workers that came to us from various competitors and I always ask what the other bank's culture is like, why'd they change, etc....almost without fail the other person, after working at RBC for a while, believes they are in a much better organization that where they came from. I remember speaking to one individual that left RBC to take a promotion at another bank, and he told me that "If you're average at RBC, you're a superstar here." That pretty much says it all!

    Cons

    I find a very low level of engagement amongst probably the single largest employee group, our front-line customer service team (tellers). Turnover is constant which I guess is expected for an entry-level position, but I often wonder is a serious attempt was made to pay top $ to really outstanding people for those roles, if you wouldn't get a more engaged group that would opportunity-spot like crazy and make referrals to partners....they have such a huge opportunity to contribute to the success of our clients that goes far beyond what I perceive is happening now.

    Advice to ManagementAdvice

    Computer systems are behind the times compared to what I've heard elsewhere....the ability to track referrals and for our account managers to get credit for them is ridiculous, and while the sales pipeline tool introduced a few years back is good, it doesn't go nearly far enough and unfortunately changing these systems moves ahead at glacial speed.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    yes ok

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IRP Royal Bank  in  Calgary, AB (Canada)
    Former Employee - IRP Royal Bank in Calgary, AB (Canada)

    I worked at Royal Bank of Canada full-time for more than 10 years

    Pros

    well clean company good to have a longterm

    Cons

    not so flexble on shcedule

    Advice to ManagementAdvice

    good teamwork and share

    Recommends
    Neutral Outlook
    Approves 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 for 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.  

    Solid company to work for, provides good benefits, options to work from home and flexible schedule (depending on mgr)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Business Analyst  in  Toronto, ON (Canada)
    Current Employee - Senior Business Analyst in Toronto, ON (Canada)

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

    Pros

    Well known, stable, career options, various banking perks

    Cons

    Bureaucratic, raises are hard to come by, Semi-annual layoffs, Training budget isn't available unless you push

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Awesome!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Service Agent  in  Montreal, QC (Canada)
    Current Employee - Account Service Agent in Montreal, QC (Canada)

    I have been working at Royal Bank of Canada part-time for more than a year

    Pros

    Salary, people, office culture, opportunities

    Cons

    Pressure, changes in some software

    Advice to ManagementAdvice

    Continue doing that great job

    Recommends
    Positive Outlook
    Approves of CEO

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