Royal Bank of Scotland Reviews in United States

Updated October 14, 2014
Updated October 14, 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

91 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Making the best of a bad situation

    • 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

    Pros

    1. The people are generally quite friendly.
    2. Management makes an effort to keep staff informed of new business strategies and developments.
    3. Bank has a commitment to diversity and respect for others.

    Cons

    1. After 5-6 years of losses, layoffs, a constant stream of bad press, and being forced to "do more with less", the staff are demoralized and exhausted - and looking for other opportunities elsewhere.
    2. Business strategy keeps changing and nothing ever seems to work.
    3. Compensation levels (especially bonuses) are far below those of its competitors.
    4. Organization is too bureacratic and unwieldy.
    5. Too many policies and procedures to keep track of and comply with.
    6. Too many computer tools and applications to keep track of and learn how to use.
    7. Perks and benefits are below par (e.g., the company match on the 401-K doesn't kick in until after one full year of employment).
    8. Bank is more reactive than proactive and always seems to be in damage-control mode.

    Advice to ManagementAdvice

    Find a strategy that will work and keep this ship from sinking...

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Change and more change.

    • 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 5 years)

    Pros

    There's a lot of work to be done to put the business back on track, so there are plenty of opportunities for personal growth/development. Leadership is strong in certain areas.

    Cons

    Lots of uncertainty for the future of the business. Press indicates significant downsizing is possible. Has been subject of negative press for the last 5 years and will no doubt be the subject of negative press for years to come. Hard company to be proud of working for.

    Advice to ManagementAdvice

    Every year it feels like the strategy is changing - make significant changes and get it right, instead of lots of small strategic shifts that have little/no overall impact.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3.  

    Bank that is not doing too well- lookong ahead to shave about a fourth of the workforce

    • 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 full-time (more than 3 years)

    Pros

    Good people, good buildings and facilities

    Cons

    outmoded technology, poorly run organization, constantly getting fined for legal and procedural violation, constantly bleeding money. threat from the parliment in UK, means bad bank with no pay increases, bonus or any acknowledgement of merit.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Pass on this place if your motivated...

    • 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

    - vacation time; other benefits
    - office location if you live in conn or nearby in ny

    Cons

    - uk power centric and very political and bureaucratic. Change is not simple and voice from other regions is not heard or executed on.
    - separation of bonus compensation between have's(each business line and its staff, senior management across all lines) and have-nots (finance, operations, IT, etc..) which results in low morale and unmotivated people
    - people leaving and slots are not filled and responsibilities absorbed to already stretched staff or hiring more poorly skilled and unmotivated individuals.

    Advice to ManagementAdvice

    Please go ahead and break up the company and let investment bank actually be an investment bank so it can be competitive. Otherwise you will continue to see people leaving and no one talented coming back...

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

    Good comp ,vague leadership

    • 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

    comp, benefits, hours, location, employees

    Cons

    managers, workload, work vs life balance

    Advice to ManagementAdvice

    take initiative, do not be so politically correct

    Recommends
    Negative Outlook
  7.  

    Not a lot of room for growth. Most of the management is in Stamford and not a lot of promotion opportunities in SLC.

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

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

    Pros

    Great work-life balance. I never worked more than 40 hours per week. Good time off and new parent leave benefits.

    Cons

    management is all in stamford

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    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

  9.  

    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
  10. 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
  11. 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

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