Royal Bank of Scotland Reviews

Updated April 18, 2015
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Employee Reviews

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  1. 10 Week Summer Internship in a Rotational Sales and Trading Program

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

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

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    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

  2. compliance analyst

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

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

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

    Pros

    Stable group - Compliance will never be cut due to current financial laws and regulations.

    Cons

    Repeats itself, not much room for advancement,

    Advice to Management

    more incentives

  3. 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 a year)

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

    Pros

    Pay and benefits were decent

    Cons

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

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  5. 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 a year)

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

    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 Management

    Compensation compensation compensation

  6. Helpful (1)

    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 a year)

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

    Pros

    hours are not as long as other investment banks

    Cons

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

  7. Helpful (2)

    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)

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

    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 Management

    Breakup the company

  8. Days in RBS

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    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 Management

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

  9. Helpful (4)

    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

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

    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 Management

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

  10. Helpful employees but rigid structure

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

    I worked at Royal Bank of Scotland as a contractor

    Negative Outlook
    No opinion of CEO
    Negative Outlook
    No opinion of CEO

    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.

  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 a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    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.

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