Royal Bank of Scotland

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  1. 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
  2.  

    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
  3.  

    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.

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  5.  

    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

  6. 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
  7.  

    I worked with a great group of professionals

    • 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 (more than 3 years)

    Pros

    Great opportunity to be exposed to new projects and new ideas. Easy to take a leadership role and get feedback on performance.

    Cons

    The culture does not encourage decision making. There are far too many hoops and processes to jump through for the simplest of decisions.

  8.  

    I was a summer analyst in corporate finance/capital markets area in their U.S. headquarters.

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

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

    Pros

    Can make descent money, great hours compared to other investment banks,

    Cons

    In stamford ct., don't do much advising pretty much just provide financing, not terribly interesting people

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Excellent US operation hampered by financially troubled parent

    • 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 (more than a year)

    Pros

    Global name recognition, great benefits, top rated employees

    Cons

    Limited US footprint, not much innovation going on.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 5 people found this helpful  

    Worst Work Experience of My Life!!! Possible Employees Beware!!!

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

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

    Pros

    Good starting base pay, and work life balance. That's about it.

    Cons

    Horrible Management, Culture (i.e. Nobody cares about their job). Very petty work environment. No direction from Upper Management.

    Advice to ManagementAdvice

    Hires more competent Directors, V.P.s, etc.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Challenging

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

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

    Pros

    High turnover therefore opportunities to step up and learn abound. Easy access to senior management if you are willing to put in work.

    Cons

    Poor pay, no raises or bonuses. Terrible commute from NYC. Bureaucracy.

    Advice to ManagementAdvice

    Compensation needs to be improved.

    Doesn't Recommend
    Negative Outlook

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