Royal Bank of Canada Reviews

Updated July 7, 2015
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605 Employee Reviews

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  1. Great place to work.

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

    I have been working at Royal Bank of Canada

    Recommends
    Recommends

    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 Management

    Be more open with the direction of the company.


  2. Helpful (1)

    Poor Management

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

    Doesn't Recommend
    Doesn't Recommend

    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 Management

    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.


  3. Helpful (2)

    Weak management in the US

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

    I have been working at Royal Bank of Canada

    No opinion of CEO
    No opinion of CEO

    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 Management

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


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  5. Helpful (1)

    Strong company with few hiccups is worth working for.

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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    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 Management

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


  6. Helpful (3)

    Good place to work

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

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    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 Management

    No significant feedback for senior management.


  7. Exciting Place to Work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Advisor in Vancouver, BC (Canada)
    Current Employee - Client Advisor in Vancouver, BC (Canada)

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Total Rewards which includes RRSP package and Benefits as well as 3 Weeks of Paid Vacation even when working part time

    Cons

    The stress which comes with constantly having to deal with money

    Advice to Management

    Perhaps considering making it possible for Clients to pay their U.S. Bills and expenses through RBC if possible.


  8. Public Affairs intern

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Public Affairs Assistant in Halifax, NS (Canada)
    Former Employee - Public Affairs Assistant in Halifax, NS (Canada)

    I worked at Royal Bank of Canada

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

    Pros

    Fast-paced environment; Opportunity for professional growth; high level of employee engagement; an opportunity to collaborate with senior management; made to feel like a team member and not 'just' an intern

    Cons

    Small room for growth due to smaller communications teams outside of head office in Toronto


  9. programmer

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Canada full-time

    Pros

    stable, benefit, location, comfortable, big bank

    Cons

    pay, career path, management,


  10. Great company!

    • 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

    Approves of CEO
    Approves of CEO

    Pros

    The management is supportive, all you have to do is ask. Great compensation package and lots of opportunities to move around within the organization.

    Cons

    Sometimes it takes too long to make decisions, could move faster.


  11. great place to work

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

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Like any other large company, it's full of bureaucracy. However company is going through major changes to adopt a more agile system.

    Cons

    Lots of politics especially for those trying to move up the corporate ladder. Depending on the department, work can be overwhelming.



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