Royal Bank of Scotland

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Royal Bank of Scotland Reviews

Updated January 25, 2015
Updated January 25, 2015
825 Reviews
3.1
825 Reviews
Rating Trends

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Approve of CEO
Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
109 Ratings

Review Highlights

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 Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good place to start

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Royal Bank of Scotland

    Pros

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

    Cons

    Constantly donwsizing, restructuring
    Commute to Stamford is not ideal

    Advice to ManagementAdvice

    Consistency and stability would go a long way in satisfying employees

  2. 1 person found this helpful  

    Disappointing experience

    • 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 (more than an year)

    Pros

    Office location and some of the people

    Cons

    No room for advancement. People are not encouraged to grow. Not a good place for someone who is motivated.

    Neutral Outlook
    No opinion of CEO
  3.  

    Good

    • Work/Life Balance
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Work-life balance is really good.

    Cons

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

    Recommends
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 1 person found this helpful  

    Sinking Ship

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

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

    Pros

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

    Cons

    Management 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.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Career dead end

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

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

    Pros

    There are a lot of nice and quality people there.

    Cons

    Very depressing culture. Morale is awful and getting worse.

    Advice to ManagementAdvice

    Treat people like professionals and don't just offer bonuses to the few; this creates a dual class org structure - the haves and the have nots

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

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

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

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

    Pros

    Casual 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?

    Cons

    concentration 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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Risk Management

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

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

    Pros

    The Bank has a very good group of people, but it is losing them to the competition as it is failing to keep up with compensation. (4 Years without bonus and salary increase)

    Cons

    No Annual salary increase
    No bonus
    No promotions

    Advice to ManagementAdvice

    Reward your people or keep watching them walk out the door......

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Supportive culture

    • 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 full-time

    Pros

    Senior managers are approachable. There is mentoring program as well

    Cons

    Sometimes things are slow to be done. And you could not find the person you want.

  10. 1 person found this helpful  

    Government ownership affecting Morale and Comp and in fine it's a negative drag on personal dev. and quality of work

    • 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 full-time (more than 3 years)

    Pros

    Relatively High Base Salary. Good presence in the fixed income and wholesale markets which offers an edge in client relationships.

    Cons

    Low morale, teamwork or focus on developing junior members. Low to nonexistent bonus. Reverse commute to Stamford (total of 2hrs a day).

    Advice to ManagementAdvice

    Higher focus on personal and career development of Analysts, Associates and VPs. Break down of bureaucracy barriers. More morale boosting initiatives, and more focus on clients and revenue generation / synergy creation to balance out the flooding of new compliance initiatives.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Software Associate

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Scotland

    Pros

    Good salaries and benefits, good work life balance

    Cons

    Low hikes, too much bureaucracy

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