Royal Bank of Canada Reviews

Updated April 22, 2015
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  1. My review of RBC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director & Head Market & Trading Credit Risk in New York, NY
    Former Employee - Director & Head Market & Trading Credit Risk in New York, NY

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    While at RBC there was significant potential to contribute, so long you don't care about recognition.

    Cons

    Company favors Canadians with much less accomplishments over non-canadians

  2. Strong, growing internship program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Investment Banking Summer Analyst in New York, NY
    Former Intern - Investment Banking Summer Analyst in New York, NY

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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    given a lot of responsibility, exposed to a variety of different deals, work with senior bankers

    Cons

    program is still being developed, not as organized as hoped, sweat shop

  3. Good job

    • 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
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good Employer to work for.

    Cons

    None that I can think of

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  5. Friendly, middle of the road

    • 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

    No opinion of CEO
    No opinion of CEO

    Pros

    The "Goldman" of Canada. Strong bank who avoided the problem of others. Second tier in terms of getting larger investment banking deals. People are friendly.

    Cons

    Base salary and bonuses are below the street. Perhaps too risk adverse. Employees are not very interactive. Management oftent content and lacks innovation.

  6. Helpful (2)

    Revolving door of personnel, always trying to upgrade but usually end up downgrading (NY OFFICE)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • 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 full-time (More than 5 years)

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

    Pros

    Decent work-life balance, not that competitive which allowed trading staff to punch out like the flintstones at 5:00 on the dot. Great domestic/canadian bank. Most of the revenue comes from the canadian banking operations, which is the core business and the most successful.

    Cons

    No direction in capital markets, confused about what they were trying to accomplish (NY YORK). Mission statement is un-compatible with risk tolerance/risk appetite.
    Goals are to be in the #9 or 10 player in the market....who sets goals so low??
    Very limited reputation in the US, limited visibility.

    Advice to Management

    Make a much more informed decision vs constantly trying to seek out the "new thing". Recognize that the best talent at other firms would likely not leave as they are considered key employees and the best talent is usually home grown (organic).

  7. Great Company to Work For

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

    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

    Excellent people, lots of opportunities to learn

    Cons

    Enjoyed all of my time there

  8. Helpful (2)

    Senior management under cfo not up to mark compared to the top banks I have worked for in Wall Street

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

    I have been working at Royal Bank of Canada full-time (More than 3 years)

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

    Pros

    Good pay
    Decent work hours
    Good work life balance

    Cons

    Poorly managed place in the controlling side. Senior management is clueless in the controlling side so there is no motivation for anyone to excel. Worse they are transitioning jobs in controlling to Canada. So beware before joining here. Layoffs even though the bank is making money. Layoffs even for folks rated outstanding. Not because the bank is not making money. But because Toronto is cheaper. Problem I see folks in Toronto can't compete with folks in Wall Street. Management doesn't see that way though. Hope the us government makes them aware that there is a cost of doing business in us.

    Advice to Management

    Please hire good people in controlling from top banks here in the capital markets space after doing a proper peer review. Hire controllers in controlling not management reporting folks who has no clue what controlling is about. Please treat your employees in New York as an investment and not as head counts.

  9. Helpful (2)

    Horrible and uncomfortable place to work.

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

    I worked at Royal Bank of Canada full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Company pays well and has a good reputation.

    Cons

    They are obsessed with appearances, and really don't care about the quality of your work. For example, if you are at your desk at 7am and you don't get any work done, you are fine. If you come in at 9am and get all your work done, you will be berated for not being in earlier

    Advice to Management

    Stop hiring the "popular kids" and hire people who know what they are doing.

  10. Great place to work at

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

    I worked at Royal Bank of Canada part-time (More than a year)

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

    Pros

    Great environment,professional attitudes it is a great organization to work and grow within

    Cons

    A little boring at times monotony

  11. RBC Capital Markets

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Summer Analyst in New York, NY
    Former Intern - Summer Analyst in New York, NY

    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 place to work with a lot of benefits.

    Cons

    Well from my summer intern position, I did not find any cons with this company.

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