Royal Bank of Scotland
3.1 of 5 654 reviews
www.rbs.com Edinburgh, United Kingdom 5000+ Employees

Royal Bank of Scotland Reviews

Updated Jul 7, 2014
All Employees Current Employees Only

3.1 654 reviews

                             

69% Approve of the CEO

Royal Bank of Scotland Group Chief Executive Ross McEwan

Ross McEwan

(39 ratings)

54% of employees recommend this company to a friend
654 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Work-life balance is fair and constant monitoring of your growth as an individual here"
    in 151 reviews
  • "Nice work environment at Stamford CT, state of the art building and work spaces"
    in 33 reviews
Cons:
  • "Work life balance is pathetic for some departments"
    in 15 reviews
  • "Commute, Poorly managed areas and senior management constantly change gears"
    in 27 reviews
  • Show more review highlights

Reviews

    • Culture & Values
           
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    • Comp & Benefits
           
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    • Approves of CEO

     

    Change and more change.

    Vice President (Current Employee)
    Stamford, CT

    ProsThere's a lot of work to be done to put the business back on track, so there are plenty of opportunities for personal growth/development. Leadership is strong in certain areas.

    ConsLots of uncertainty for the future of the business. Press indicates significant downsizing is possible. Has been subject of negative press for the last 5 years and will no doubt be the subject of negative press for years to come. Hard company to be proud of working for.

    Advice to Senior ManagementEvery year it feels like the strategy is changing - make significant changes and get it right, instead of lots of small strategic shifts that have little/no overall impact.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    Bank that is not doing too well- lookong ahead to shave about a fourth of the workforce

    Anonymous Employee (Current Employee)

    ProsGood people, good buildings and facilities

    Consoutmoded technology, poorly run organization, constantly getting fined for legal and procedural violation, constantly bleeding money. threat from the parliment in UK, means bad bank with no pay increases, bonus or any acknowledgement of merit.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    Good comp ,vague leadership

    Anonymous Employee (Former Employee)

    Proscomp, benefits, hours, location, employees

    Consmanagers, workload, work vs life balance

    Advice to Senior Managementtake initiative, do not be so politically correct

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    Pass on this place if your motivated...

    Vice President (Current Employee)
    Stamford, CT

    Pros- vacation time; other benefits
    - office location if you live in conn or nearby in ny

    Cons- uk power centric and very political and bureaucratic. Change is not simple and voice from other regions is not heard or executed on.
    - separation of bonus compensation between have's(each business line and its staff, senior management across all lines) and have-nots (finance, operations, IT, etc..) which results in low morale and unmotivated people
    - people leaving and slots are not filled and responsibilities absorbed to already stretched staff or hiring more poorly skilled and unmotivated individuals.

    Advice to Senior ManagementPlease go ahead and break up the company and let investment bank actually be an investment bank so it can be competitive. Otherwise you will continue to see people leaving and no one talented coming back...

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Good place to start

    Anonymous Employee (Current Employee)

    ProsDay to day is good, work-life balance is a plus,

    ConsConstantly donwsizing, restructuring
    Commute to Stamford is not ideal

    Advice to Senior ManagementConsistency and stability would go a long way in satisfying employees

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    1 person found this helpful  

    Disappointing experience

    Anonymous Employee (Current Employee)
    Stamford, CT

    ProsOffice location and some of the people

    ConsNo room for advancement. People are not encouraged to grow. Not a good place for someone who is motivated.

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    Sinking Ship

    Anonymous Employee (Current Employee)
    Salt Lake City, UT

    ProsThe employee benefits are really good, but that is about all

    ConsManagement is terrible, no vision. The analogy of the Titanic sinking and the crew organizing the deck chairs is very fitting for this company. I have not received a raise or a bonus since I started.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    • Senior Management
           
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    • Career Opportunities
           
    • Disapproves of CEO

     

    Not a lot of room for growth. Most of the management is in Stamford and not a lot of promotion opportunities in SLC.

    Tax Operations Analyst (Former Employee)
    Salt Lake City, UT

    ProsGreat work-life balance. I never worked more than 40 hours per week. Good time off and new parent leave benefits.

    Consmanagement is all in stamford

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

     

    Not sure company knows their strategy, unless strategy is to be owned by British taxpayers forever

    Associate (Former Employee)
    Stamford, CT

    ProsCasual dress. Though if one is picking the bank they work at based on the dress code, are they sure they want to work at a bank?

    Consconcentration on personal fiefs instead of big picture.

    Poor management communication. For example, a firmwide communication on process improvement indicated stated goal was to reduce the size of the work force. Nothing like empowering employees to get rid of their jobs. I guess that could be considered a way to engender loyalty and get the most out of people.

    Advice to Senior ManagementIt is now six years post crisis, execute on a clear strategy to get out from under taxpayer ownership.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Work/Life Balance
           

     

    Good

    Anonymous Employee (Former Employee)

    ProsWork-life balance is really good.

    ConsThey moved to very congested location, which wasted a lot of commute time.

    Yes, I would recommend this company to a friend

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