Royal Bank of Scotland Reviews

Updated March 30, 2015
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3.1
914 Reviews
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Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
144 Ratings

Pros
  • Potential to give excellent working oppurtunities and help main the work-life balance (in 194 reviews)

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

Cons
  • Work life balance used to be good here but now it's extremely demanding (in 19 reviews)

  • Senior management never follows thru with ideas or current business plan (in 30 reviews)

More Pros and Cons

Employee Reviews

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  1. Overall good, and one of the best place to work for once surely.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Software Designer in India, MS
    Current Employee - Senior Software Designer in India, MS

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

    Pros

    1- Good environment
    2- Financial Domain
    3- Exposure with business
    4- Technical strong interview, so you get chance to work with good people.
    5- Junior to Senior experience level developers, pretty much every one is individual contributor.

    Cons

    - Non technical management / Manager
    - Many level of managers, spoils gist of technology.
    - Appraisals, and promotions not easy.
    - Too many changes, in management hierarchy .
    - constant loss of business.

    Advice to ManagementAdvice

    To keep organization, sustainable for long term...right people should be promoted rather than personal relationships.

    Recommends
    Neutral Outlook
  2. Company in significant worldwide consolidation.

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

    I have been working at Royal Bank of Scotland

    Pros

    Great team environment and work life balance. Also great 401k match as well as base starting salary. Office is a great location and nice.

    Cons

    Company is consolidating on worldwide basis to the UK. There has been significant voluntary and involuntary turnover which has had a large impact on general morale. Not a place to start a new career in the US as the company future is in the UK

    Advice to ManagementAdvice

    Be honest with employees and retain them by giving adequate raises/promotions/bonuses especially to analysts/associates.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. People and culture are great.

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

    I have been working at Royal Bank of Scotland

    Pros

    Great culture. Great people and work environment. You are able to move internally and solid work life balance.

    Cons

    Not good pay and barely any bonus and lowest compared to other banks. Slowly exiting US and Asia. Exiting many businesses so learning is not the greatest.

    Advice to ManagementAdvice

    Not much they can do. Really just try to keep people happy which I found is done in most groups.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. RBS Securities

    Former Employee - Director in Stamford, CT
    Former Employee - Director in Stamford, CT

    I worked at Royal Bank of Scotland

    Pros

    Work-life balance is great, benefits are average. Stamford location is great if you live in Connecticut. They have their own duty-free shop on the 8th floor, which is nice.

    Cons

    Uncertain future, never try to park your car in the garage after 9:30am, although that might be getting better with all the lay offs.

    Advice to ManagementAdvice

    Make up your mind on the US Investment Bank strategy, clearly convey it to the employees and move on!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. Poorly run, going out of business

    • 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

    Pros

    nice office, smart coworkers, good benefits

    Cons

    the worst run of all the major investment banks. pay is at the lower end of the range as well

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. Associate in Trading technology

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

    I have been working at Royal Bank of Scotland

    Pros

    * Great work life balance
    * Few banks where you can easily get done with 40-45 hours per week
    * Good benefits and good office facilities

    Cons

    * No scope for growth
    * company on a downward spiral
    * Stagnant workforce who have been around for too long

    Advice to ManagementAdvice

    * Hold onto your best people. If not, they will move on.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. So So

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

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

    Pros

    Was given lots of opportunities

    Cons

    They are shrinking there investment bank globally

    Recommends
    Negative Outlook
  9. Good company. but future is uncertain

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Royal Bank of Scotland

    Pros

    good benefits, good work life balance. it is not sweat shop like other wall st companies.

    Cons

    lots of uncertainties on the future of the company, at least for US operations/presence. things does not happen quickly.

    Advice to ManagementAdvice

    need to be more proactive.

  10. Good place to work

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

    I have been working at Royal Bank of Scotland

    Pros

    Great place to work with great clients

    Cons

    Business longevity and job security

    Recommends
    Negative Outlook
  11. Summer IT Intern

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

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

    Pros

    Great networking opportunities. Team was fantastic and fun to work with. They went out of their way to make me feel welcome

    Cons

    The work was really boring and not that exciting. It didn't seem like any of my co-workers enjoyed their jobs

    Doesn't Recommend
    Neutral Outlook

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