Royal Bank of Scotland Reviews

Updated October 31, 2014
Updated October 31, 2014
738 Reviews
3.1
738 Reviews
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Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
72 Ratings

Review Highlights

Pros
  • Work-life balance is fair and constant monitoring of your growth as an individual here (in 186 reviews)

  • I found the work environment to be very friendly and encouraging (in 41 reviews)


Cons
  • Work life balance is pathetic for some departments (in 18 reviews)

  • Commute, Poorly managed areas and senior management constantly change gears (in 29 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    10 Week Summer Internship in a Rotational Sales and Trading Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Markets Summer Analyst in Stamford, CT
    Former Employee - Markets Summer Analyst in Stamford, CT

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

    Pros

    Rotational
    Laid Back
    Self Directed
    Weekly Presentation
    Access to Upper Management
    Culture
    Must be proactive

    Cons

    Many hours (6am-6pm)
    Lack of Direction at times (very independent internship)
    Not much to do besides meeting with traders / miscellaneous projects

    Recommends
    Negative Outlook
    No opinion of CEO
  2.  

    COB Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Branch Management in Maumee, OH
    Former Employee - Branch Management in Maumee, OH

    I worked at Royal Bank of Scotland full-time (more than an year)

    Pros

    Pay and benefits were decent

    Cons

    Management has not vision of employee's needs either personal or work related. Staffing is too sparce

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3.  

    poor decision making by Senior managment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Analyst in Salt Lake City, UT
    Current Employee - Senior Analyst in Salt Lake City, UT

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

    Pros

    hours are not as long as other investment banks

    Cons

    Management is very poor. They do not care about the employees

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Great but not without faults

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Settlement Analyst in Taylorsville, UT
    Current Employee - Settlement Analyst in Taylorsville, UT

    I have been working at Royal Bank of Scotland full-time (less than an year)

    Pros

    Great work life balance and great work atmosphere.

    Cons

    No compensation or bonuses and not a lot of room for growth.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Demeaning

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Analyst in Salt Lake City, UT
    Former Employee - Operations Analyst in Salt Lake City, UT

    I worked at Royal Bank of Scotland full-time (more than an year)

    Pros

    The pay considering what you're doing is fine.

    Cons

    Low level management is sloppy and terrible.
    Pay is below industry average
    No chance of pay increase

    Advice to ManagementAdvice

    Compensation compensation compensation

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    If you want to grow, do not apply

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Stamford, CT
    Current Employee - Anonymous Employee in Stamford, CT

    I have been working at Royal Bank of Scotland full-time (more than 10 years)

    Pros

    Work life balance, still have a job and the check didn't bounce.

    Cons

    No raises, little to no promotion, HR is not engaged, overall morale, over abundance of red tape and approvals, chasing pennies while watching the dollars walk out the door. Everything will be UK focused going forward so the US operations will shrink.

    Advice to ManagementAdvice

    Breakup the company

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Days in RBS

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Royal Bank of Scotland full-time

    Pros

    Good Facilities - cafeteria, work area, gym free cabs etc

    Cons

    Like any other captives RBS has an issue with the middle management and vendor population, In some areas Vendors are diluting the work culture.

    Advice to ManagementAdvice

    Managers should be more handon and connected to the employees. Role of HR is not there in RBS - HR should be more active

    Recommends
    Approves of CEO
  9. 2 people found this helpful  

    US presence is in shrink mode

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director in Stamford, CT
    Former Employee - Director in Stamford, CT

    I worked at Royal Bank of Scotland full-time

    Pros

    Many of the people in Stamford are very competent and diligent, There is very good Interactions between departments and you can learn new ideas from each area. Stamford has state of the art technology. Work-life balance is very good. There will be long days, but the trade off is management will allow you to work at home every now and then.

    Cons

    As of now the bank in the US overall is still shrinking, so an increase in compensation won't happen for most people. Unfortunately this is the same for career opportunities. Its not clear what plans Senior Management has for the US besides trying to IPO their largest US subsidiary, Citizensbank, and the reduction of personnel on the investment bank side. RBS is 84% owned by the UK Taxpayers, so UK management listens very closely to what the government wants the bank to do. In turn UK management tells the US management what the strategy of the day, month or year will be.

    Advice to ManagementAdvice

    Overall US management is doing everything they can do under the circumstances as their orders come from the UK.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    Helpful employees but rigid structure

    • 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 Scotland as a contractor

    Pros

    I was pleased that when I wanted to learn about different departments around the bank, all employees I reached out to were happy to help. Training was good also.

    Cons

    The bank lacks the ability to think in novel and innovative ways, which is a problem given that the bank needs to reinvent itself following its restructure. Policies and processes are outdated and it is very difficult to get anything done.

    Negative Outlook
    No opinion of CEO
  11.  

    Operations Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Analyst in Stamford, CT
    Current Employee - Operations Analyst in Stamford, CT

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

    Pros

    Good culture.. People are willing to help you out. Reasonable hours.

    Cons

    Compesnsation. Location is not in New York City. The firm's reputation in Europe is not good at all and not too much better in the US.

    Recommends
    Neutral Outlook
    No opinion of CEO

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