Royal Bank of Canada

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

Updated September 9, 2014
Updated September 9, 2014
446 Reviews
3.5
446 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
266 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.  

    Great place for the experience it provided

    • 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 as a contractor for more than a year

    Pros

    Diversity is key and you can branch off into other lines of business

    Cons

    Going from contract to permanent is a very difficult and drawn out process, especially if you have been a long term contract worker.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Good place to grow your career

    Former Employee - Project Manager  in  Toronto, ON (Canada)
    Former Employee - Project Manager in Toronto, ON (Canada)

    I worked at Royal Bank of Canada as a contractor for more than a year

    Pros

    Dedication to push employees' careers forward. I worked with many people who have been at the bank for 20+ years, moving from one function to another. Good name to have on the resume, especially if you intend to work in the financial services sector.

    Cons

    Can be too bureaucratic whereby decisions have to go through so many levels to get approved. Slow to adapt to new technologies. Can be very political

  3.  

    Employer review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Services Representative  in  Mississauga, ON (Canada)
    Former Employee - Customer Services Representative in Mississauga, ON (Canada)

    I worked at Royal Bank of Canada part-time for more than 5 years

    Pros

    Fortune 500 employer with lots if opportunities. Flexible hours, many departments. Plenty of inter- departmental lateral transfers. Great benefits, including health, dental, drug plans. Employee stock options and pension

    Cons

    Difficult to move up if you do not know someone at the top. Managers use different yardsticks to evaluate employees. Low level managers move up people they like and not those deserving. Very low bonuses and pay not In line with a big bank line RBC.

    Advice to ManagementAdvice

    Evaluate employees using the same measurement stick and make uniform rules for all employees. Do not leave to managers to make their own rules as they go.

    Recommends
    Positive Outlook
    Approves of CEO
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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 company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Services Representative  in  Toronto, ON (Canada)
    Former Employee - Customer Services Representative in Toronto, ON (Canada)

    I worked at Royal Bank of Canada full-time for more than 3 years

    Pros

    Great benefits
    Lots of discounts
    Job security
    Lots of opportunities
    Very big company which allows internal transfers and offers great employee incentives

    Cons

    The salary is not very competitive. Could be better considering it's the biggest bank in canada. Management not consistent in decision making. It seems they make their rules and individual management policies as they go.

    Advice to ManagementAdvice

    Rbc can do much better in providing better salaries and bonuses considering the profits the bank is making. Huge huge gap between employees and management benefits.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Large organization

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

    I worked at Royal Bank of Canada as a contractor for more than a year

    Pros

    A lot of longtime employees with plenty of knowledge will be incline to share if you show interest. Very lenient in terms of remote work. Hotelling is starting to be implemented across entire organization

    Cons

    Politics is evident in an organization as big as this one; that just comes with the territory. Employees' role and responsibilities needs to be better defined in order to maximize resources

    Advice to ManagementAdvice

    Still waiting on Windows 7.......

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Good place to start your career

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

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

    Pros

    Nice people and great place to work. Excellent work/life balance

    Cons

    The job was a bit boring. That's the only con I can find

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    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
  10.  

    Just to make it look good on your resume

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales and Service Representative  in  Mississauga, ON (Canada)
    Current Employee - Sales and Service Representative in Mississauga, ON (Canada)

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

    Pros

    The only pro about this company is knowing to never work for a bank

    Cons

    Extremely hostile greedy environment. You are treated like a number and thats what you will always be. You want to move up better sell your soul to this company to move up

    Advice to ManagementAdvice

    Stop having childish incentives and provide better bonuses

    Doesn't Recommend
    Neutral Outlook
  11.  

    Organization plays games with employees. RE: Salary .20 cents per year for the last 15 years. Pathetic increases.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Expert Customer Service Representative  in  Niagara Falls, ON (Canada)
    Current Employee - Expert Customer Service Representative in Niagara Falls, ON (Canada)

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

    Pros

    Clean comfortable environment. Good people to work with

    Cons

    Game playing includes never being able to attain the top bonus because its unattainable. Unfair bonus structure due to miscalculations and changing goals constantly.

    Advice to ManagementAdvice

    Get a grip RBC 2.3 billion in profit and .20 cent raise per year. I know someone who worked for the RBC for 45 years as a teller and CAO and other capacities with a lot of responsibility and after 45 years is now finally making $20 dollars per hour. Shame on you Royal bank Shame on you!!!! She barely could keep her house running and is now retired and still working so she can finally afford to put on a new roof etc. Shame on you Royal bank Shame on you!!!!
    They also claim you can make more by gaining more experience but in reality they can supposedly only afford one CSR Expert so when you are in a branch and are an expert you don't get paid an expert salary. Pay bands are so wide that they claim you are within your range and ranges go from 12 per hour to 20 per hour. What a misleading way to treat employees. Complaints made are squashed or not addressed. What about the economy more than .20 cents an hour increases spending in the economy so look at what you are doing RBC. Branches are not funded properly and are constantly short staffed.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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