Royal Bank of Scotland Reviews

Updated July 2, 2015
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2.9
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Recommend to a friend
Approve of CEO
Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
31 Ratings

Pros
  • The work life balance here is very good (in 194 reviews)

  • I found the work environment to be very friendly and encouraging (in 40 reviews)

Cons
  • No work/life balance Long hours (in 19 reviews)

  • Senior management need to be reviewed (in 30 reviews)

More Pros and Cons

154 Employee Reviews

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  1. Good place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technical Lead in London, England (UK)
    Former Employee - Technical Lead in London, England (UK)

    I worked at Royal Bank of Scotland (More than 3 years)

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

    Pros

    Good people to work with

    Cons

    Salary is lower , especially the Basic pay
    That needs to be improved

    Advice to Management

    Try par with Salary


  2. A good place to work, not so much to advance.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    I have been working at Royal Bank of Scotland (More than 5 years)

    Pros

    A friendly if somewhat laid back place with good fixed compensation and benefits and a pretty good work/life balance including occasional working from home and reasonable hours. There are some ambitious plans but these are either still obscure or badly communicated.

    Cons

    Senior management preoccupied with fines and regulatory issues, there is little communication down to the operational levels and what there is consists of mission statements. Not a huge amount of scope for personal development.

    Advice to Management

    Communicate the direction the company should be moving in clearer, be honest with the work force about the challenges ahead.


  3. Great people and relatively relaxed for a City bank but still infected with bad management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    I have been working at Royal Bank of Scotland full-time (More than 8 years)

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

    Pros

    Relatively relaxed for a City bank when compared to JPMC, Citi etc.
    Many great people many of whom have stayed with RBS for many years.
    Flexible working.

    Cons

    Awful brand image and working for a bailed out bank that generally gets negative media attention.
    Hugely bureaucratic (like all major banks?) and can be very hierarchical with power mad executive level management who are nearly all white middle aged men and out of touch with those on the floor.

    Advice to Management

    The RBS culture is that executives should be feared and obeyed, remember that when you communicate with people because people will be too scared to tell you the reality and disagree.


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  5. Helpful (1)

    good firm

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Risk Analyst in London, England (UK)
    Current Employee - Risk Analyst in London, England (UK)

    I have been working at Royal Bank of Scotland (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    it is a very good place to work. Pay scale is not leading the industry. no things I had an issue with. But there were issue with IT which slowed down my work.

    Cons

    no things I had an issue with. But there were issue with IT which slowed down my work. Pay scale is not leading the industry.


  6. Spring Intern

    Former Intern - Spring Intern in London, England (UK)
    Former Intern - Spring Intern in London, England (UK)

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

    Pros

    Had the opportunity to shadow some associated in various IBD roles also we got given Navigating the Maze, a really good introductory book

    Cons

    personally I did not like the bank culture the environment and atmosphere as not particularly stimulating.


  7. Like everything there are pros and cons

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Asset Manager in London, England (UK)
    Current Employee - Asset Manager in London, England (UK)

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Flexible working, reasonably secure, good colleagues

    Cons

    Opportunities for progression are limited at this moment in time but I have a job so it could be worse

    Advice to Management

    Create opportunities for progression


  8. Getting better

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    I have been working at Royal Bank of Scotland full-time (More than 8 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    The culture is pleasant with flat hierarchy in the most part. Hours are decent and senior management generally do care about staff needs.

    Cons

    Pay is weak outside the investment bank, though they will pay new joiners market rate you will barely increase afterwards. In a shrinking bank promotion chances are tight and development opportunities in some areas are hard to come by. Systems are very weak.
    The biggest issue is many staff have been through such tough years the feeling is jaded and flat in many areas, weary resignation rather than annoyance at issues faced and constant restructuring and down sizing.

    Advice to Management

    Get some structural stability quickly, decide the business areas you want to keep and show the staff some real pay increases and optimism to convince the good ones to stay and rejuvenate the weary


  9. What could have been

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)

    I worked at Royal Bank of Scotland

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

    Pros

    There are some really people left who really want to make a positive difference.

    Cons

    - With any shrinking organisation there will be bitter and desperate people, struggling to keep their jobs Or to keep draining the money as consultants and contractors (not employees) with no care about the future of the bank.
    - Divisional infighting still occuring
    - Weak, indecisive, manipulative upper middle management, keeping the wool over the eyes of the chaps at the top,
    - The banks was constantly pilloried by lazy press.

    Advice to Management

    - Invest in the modern practices and technology, its mandatory for survival.
    - Incentivise cooperation - true cooperation between all is desperately needed, there is still perceived bad blood, and that is killing efficiency
    - Get rid of the internal PR & Comms machines - the staff are not stupid and its insulting to treat them that way
    - India, offshoring/ outsourcing will not solve problems, yes, it will make them go away, as far away as the subcontinent!


  10. Helpful (2)

    Dissapointing

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)

    I worked at Royal Bank of Scotland full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Generally good working conditions, flexible and well supported home-working options.

    Cons

    Management are thick as thieves - if you're not in the clique, then don't expect to be heard. They pay lip-service to whatever is the latest coorporate buzzword, but it's all hot-air. Expect the usual politicing and box-ticking that passes for management these days.

    Advice to Management

    Decide what you want to focus on, and focus on it. Stop coming up with new initiatives that everyone knows will be replaced by the next initiative 6-months later - people are jumping through hoops just to stay still.


  11. IT project manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Project Manager in London, England (UK)
    Current Employee - IT Project Manager in London, England (UK)

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    fairly decent working hours, normally 5 to 6

    Cons

    Strenuous governance
    low salary
    Not enough training
    Not enough career opportunities



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