Royal Bank of Canada

  www.rbc.com
  www.rbc.com
Work in HR? Unlock Free Profile

Royal Bank of Canada Reviews

Updated September 18, 2014
Updated September 18, 2014
448 Reviews
3.5
448 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
267 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. 1 person found this helpful  

    Rank Amateurs

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Project Manager  in  New York, NY
    Former Employee - Project Manager in New York, NY

    I worked at Royal Bank of Canada

    Pros

    RBC has a sound balance sheet and is growing in a down market.

    Cons

    Management (especially atthe functional and operational level) a joke. Latest strategy has resulted in a cadre of outsiders being brought in who are firing incumbents and replacing with their friends.

    Advice to ManagementAdvice

    Management should realize that they fell into this current growth/opportunity phase due to the financial meltdown in 2008. Had that not occurred, they would still be a mid level player in NY. Mgmt in NY is out of control, they laugh at Toronto.

    No opinion of CEO
  2.  

    Grwoing Company with Oportunity

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

    I have been working at Royal Bank of Canada

    Pros

    The bank is doing extremely well as canadian banks have been insulated from the US real estate market
    The is alot of opportunity for movement within the bank

    Cons

    Hours can be long as RBC attempts to compete with the top tier with some ground to make up in systems and initiatives that need to be implemented

    Advice to ManagementAdvice

    Focus should be given to those who make real chnage and should be supported by their management team as opposed to making political plays

    Recommends
    Approves of CEO
  3.  

    RBC NY

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    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

    stable financials, significant growth and opportunity if culture can be navigated successfully.

    Cons

    no cohesive culture in the US and regions operate in silos, which can be frustrating. ambition and drive not highly valued attributes.

    Advice to ManagementAdvice

    more communication with employees - formal and informal.
    develop a core cultural message to deliver for new hires outside of canada.

    No opinion of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    Great place to work.

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

    I have been working at Royal Bank of Canada

    Pros

    RBC is a great place to meet life long friends. Teamwork is always there and management has a great open door policy.

    Cons

    I would like management to be more open with the direction of the company.

    Advice to ManagementAdvice

    Be more open with the direction of the company.

    Recommends
  6. 1 person found this helpful  

    Canadian Goldman Sachs is irrelevant since there is no competitiion in Canada

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

    I worked at Royal Bank of Canada

    Pros

    Compensation was okay but performance metrics always changed. Generally a user friendly work environment.

    Cons

    Canadians in senior US positions rarely understood US market. Promotions were arbitrary and had little to do with performance. Politics got in the way of common sense.

    Advice to ManagementAdvice

    Hire more competetent managers. Have more transparent compensation and promotion policies. Replace Canadians that don't add value in the US.

    Doesn't Recommend
    Disapproves of CEO
  7. 1 person found this helpful  

    Poor Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - IT Project Manager  in  Rocky Mount, NC
    Former Employee - IT Project Manager in Rocky Mount, NC

    I worked at Royal Bank of Canada

    Pros

    Money was good/ competitive because they were so close to Raleigh but still in a small city. Decent bonus structure, too.

    Cons

    About 80% of USA IT staff were contractors. Very high turnover of regular staff. People constantly moving around because nowhere was good for settling. Management was the reason, poor management all around. Highly political and they expected you to work the same hours as contractors who were getting paid hundreds by the hour.

    Advice to ManagementAdvice

    I would recommend that RBC management look closely at where the talent is and work very hard to keep it. Also recognize the need for a work life balance.

    Doesn't Recommend
  8. 2 people found this helpful  

    Weak management in the US

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

    I have been working at Royal Bank of Canada

    Pros

    Not a bad place in the current environment on
    Wall Street

    Cons

    Weak management. Management does not effectively communicate performance measures and changes them to suit the need at bonus. Management does not effectively communicate financial details of the business but focuses on the good news of 1 or 2 good thing- not the entire picture. Feel like management is more interested in protecting their job than anything else. Very political. If you are not part of the club you can expect nothing good.

    Advice to ManagementAdvice

    Communicate honestly and openly. Listen to everyone and not the chosen 2-3.

    No opinion of CEO
  9. 1 person found this helpful  

    Strong company with few hiccups is worth working for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Relationship Banker  in  Southern Pines, NC
    Current Employee - Relationship Banker in Southern Pines, NC

    I have been working at Royal Bank of Canada

    Pros

    RBC is a very sound financial institution with many different products to offer. This lends itself to also having many job growth opportunities. The people are generally friendly and very helpful. I find that, for the most part, clients leave happy and are starting to spread the word in our area about our service. There is a very strong emphasis on placing the goals of the client as a number one priority. As with all sales roles, there are minimum expectations for mystery shops. Beyond that, there is an open door we can walk through to make each client interaction unique. All-in-all, RBC Bank is poised to be a strong choice when seeking employment.

    Cons

    some miscommunications about expectations, frustrations when researching items that were more easily found when worked with competitor bank

    Advice to ManagementAdvice

    Please advise with a clear, consistent message on what needs to be accomplished and continue to coach openly with employees

    Recommends
    Approves of CEO
  10. 2 people found this helpful  

    Good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Banking Vice President  in  New York, NY
    Former Employee - Investment Banking Vice President in New York, NY

    I worked at Royal Bank of Canada

    Pros

    Best place I've ever worked. Enjoyed most of the people I worked with. Compensation and benefits were good. Company affords people the opportunity to demonstrate their capabilities, particularly compared to many other investment banks.

    Cons

    Brand recognition is not what it is for other firms or what it could/should be. It is unfortunate, because I've worked at more "name brand" banks where the people were highly incompetent and where the work was poor - at RBC the brand recognition isn't as good, but I felt the people and the work we did was significantly better than at other "name brand" banks.

    Advice to ManagementAdvice

    No significant feedback for senior management.

    Recommends
    No opinion of CEO
  11.  

    Good

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Canada

    Pros

    Good place to work. very nice.

    Cons

    Some people are crazy and can't work with

Worked for Royal Bank of Canada? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.