Royal Bank of Scotland Reviews

Updated March 24, 2015
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3.1
138 Reviews
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Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
140 Ratings

138 Employee Reviews

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  1. Senior Business Analyst working in Treasury

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

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

    Pros

    Let you get on with your work with great training program.

    Cons

    Constant change in management, re-organisation going on every few months but starting to see the light at the end of the tunnel!

    Recommends
    Positive Outlook
    Approves of CEO
  2. in house legal role

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

    I worked at Royal Bank of Scotland as a contractor (less than a year)

    Pros

    general regulatory experience and good variety

    Cons

    not consistent on work front

    Advice to ManagementAdvice

    organisation

    Doesn't Recommend
    Negative Outlook
  3. 1 person found this helpful

    Good employer but struggling with past baggage, large restructure and retraction to being UK centric.

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

    I have been working at Royal Bank of Scotland

    Pros

    Pay is OK, flexible working and work from home, generally nice people.

    Cons

    Staff are too thinly spread, reliance on offshore resources of varying quality, management - PMs and delivery managers are overworked and imo struggle to do devote enough time to important stuff like people management and career development of their staff, the senior ones are generally invisible.

    Would not really recommend people starting out in IT to come to RBS. Compensation isn't high enough at the managerial level vs senior a/p or tech specialist to justify the extra responsibility. Also, if you want to advance to management and are in the final salary pension, there's a huge disincentive due to the capping in place - you'd need to look at money purchase I believe

    Advice to ManagementAdvice

    See my comments above. Reshuffling jobs and liberal use of buzzwords doesn't impress me ;-)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful

    Great work life balance

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

    I worked at Royal Bank of Scotland

    Pros

    A lot of experience, very quickly, as a lot of people have recently left. Great work life balance

    Cons

    Constant restructuring, some amount of red tape, job constantly at risk.

    Advice to ManagementAdvice

    Fire some of the sales heads who can't even use excel

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. Performance related pay

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

    I have been working at Royal Bank of Scotland

    Pros

    Good organisation to work for

    Cons

    Reduction in Investment banking operations demonstrates lack of ambition by the senior executive

    Recommends
    Neutral Outlook
    Disapproves of CEO
  7. Good work-life balance, great colleagues

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

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

    Pros

    Work life balance is good and most teams work well together rather than be competitive and hinder others work.

    Cons

    To much red tape and upper management are indecisive, often changing strategy and leaving projects half finished.

    Recommends
    Negative Outlook
    No opinion of CEO
  8. 2 people found this helpful

    Some good people to work with, but far too much talk and not enough action.

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

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

    Pros

    Learn how to 'play the game' and you can go far.
    Work life balance is good if you can convince your manager that you work hard.
    Easy to stand out from the crowd if you are skilled.
    Pay is good if you are hired externally.
    Flexible working good if your manager isn't old school.

    Cons

    Recent restructure is very bad news. New management claims that the organisation is to become more horizontal, but it has gone the complete opposite direction. Extremely top heavy, and it's getting worse.
    Way too many new managers who love to spend all day "discussing" and "having a think about...", but ultimately don't have a clue how to execute and play it all by ear. When things succeed, they take the credit, when they don't, they will happily shift blame to their more junior staff.
    Managers are terrible at differentiating between the fakers vs people with real talent.
    Pay is extremely inconsistent within grade bands, and will take a very long time to rectify naturally due to HR policies.
    If you get promoted, expect a very disappointing pay rise (if at all).
    The old "retail banking" culture is starting to take over the whole bank. Very narrow minded way of thinking with little common sense, blindly establishing and following procedures with no appetite for creative thinking.

    Advice to ManagementAdvice

    Stop restructuring every 2 years to cover up ineptitude and indecisiveness. Stop putting your personal objectives before the well-being of the bank & customers.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. Poor leadership, survival of the weakest

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

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

    Pros

    adequate competitive position in its domestic UK core market with good structured finance capabilities and good relationships with corporates across selected sectors

    Cons

    unclear strategy, one day management want to focus on A, the other day on B and then back to A. Low mood among staff and poor compensation

    Advice to ManagementAdvice

    clarity as to what they want to do with the investment banking division. It will help staff focus on what's important

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10. summer internship

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

    I worked at Royal Bank of Scotland

    Pros

    relaxed culture, bank going under a lot of changes and cuts, but the company is still very keen to keep the best talents they could attract

    Cons

    a lot of reputation damage, both from the media and within different markets. Doesn't offer the best compensation or training experience, but they are some very good teams to join

    Recommends
    Neutral Outlook
    Approves of CEO
  11. Over 2 years

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

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

    Pros

    Same as for every large organisation: lots of various jobs available, and as professionalisation of functions is not high, it is often easy to get into something you have never done before. Current restructuring although a negative force in general is still creating new teams and opportunities.
    Agile working ie people working from home Friday or more often is also a positive

    Cons

    Restructuring = Massive layoffs. That says it all. Good people left through voluntary and sometimes not redundancy.
    The chaos this was designed to eliminate continues though

    Advice to ManagementAdvice

    Now that the old structure has been streamlined, these are the same people who now started to create new layers of bureaucracy - watch out for that.
    Did not see a single person promoted in 2 years at any level. Time to change?

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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