RBC Reviews | Glassdoor

RBC Reviews

Updated September 19, 2017
2,363 reviews

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3.7
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RBC President/CEO David I. McKay
David I. McKay
575 Ratings

2,363 Employee Reviews

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Pros
Cons
  • Work-Life Balance can be an issue (in 48 reviews)

  • Sometimes long hours are required (in 52 reviews)

More Pros and Cons

  1. "Good place to work."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Investment Associate in New York, NY
    Current Employee - Senior Investment Associate in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at RBC full-time (More than a year)

    Pros

    Company culture is unlike wirehouse culture. Since RBC is an amalgam of smaller boutique shops, and much of senior management is from those boutique shops, the firm feels more like a very large boutique than a regional. It is pretty easy to speak with people further up the chain, and everyone is pretty friendly. Friendly; not simply cordial.

    Cons

    The technology is a little challenging, but there are signs of potential improvements. Paid time off policy is terrible, inflexible, limited and makes work/life balance difficult to manage. Not unique to RBC, but way too much time and effort on things like "diversity" and "inclusion", which really don't mean anything to most employees,

    Advice to Management

    Don't try to be a wirehouse. There are enough of them. Keep being what you are. But please, look at comparable firms and try to move your paid time off policies to be more in line with other similar firms.


  2. "Great company to work at"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at RBC full-time

    Pros

    Fantastic company for a first time employee.

    Cons

    Large and difficult to manage change.

  3. "Quant Analyst Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good company, nice and well located offices

    Cons

    Not much interactions during the internship


  4. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at RBC full-time (More than 10 years)

    Pros

    very good employer, great benefits

    Cons

    do not know about any

    Advice to Management

    get rid off risk teams, waste of money


  5. "Another happy former employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at RBC full-time

    Pros

    I was able to work with a lot of great people during my tenure at RBC.

    Cons

    RBC (US) has gone through quite a bit of growth in the last few years, and has not been able to keep up with relevant technology orprovide enough support staff. Based on contacts with current employees, morale is low as RBC culled a large percentile of US staff, leaving remaining employees to struggle to keep up even as they're wondering if they'll be eliminated next. I have yet to meet an individual who regrets leaving RBC.


  6. "Wonderful wonderful wonderful"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great people that make the place such a wonderful place to work at I mean it is such a great place it is so wonde4ful and so amazing

    Cons

    Very formal environment that makes it hard to break out of your she'll but you do have to dress up everyday


  7. "RBC Bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - CSST Advisor in Raleigh, NC
    Former Employee - CSST Advisor in Raleigh, NC
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at RBC full-time (More than 3 years)

    Pros

    RBC Bank (GA) N.A. is a wholly owned subsidiary of RBC. As such it has most of the advantages of the large parent company as well as some of the advantages of a small company. PTO is generous with an employee moving to 20 days per year at year 3 and up to 5 days roll over year to year. Benefits are industry standard for large companies (extensive health, dental, vision, life insurance choices). The company offers a volunteer grant that you can apply for volunteer time in 5 hour increments up to 40 hours and $500 per year. Their maternity/paternity leave is well above US average - I believe it is currently 12 weeks paid.

    As a small bank, you can know everyone in the organization and have lots of access to senior management. Each person wears many hats and jobs at the company tend to have more breadth than similar titles at larger companies.

    Employees live the company values for the most part. Many employees have over 20 years of experience with the company and are very willing to help new employees. They are dedicated to the success of the company and the servicing of our clients.

    Cons

    There are not enough bodies to cover the workload. Employees are encouraged to raise their hand if they are falling behind, but this mainly results in micromanagement and second guessing of the employee's ability to manage time. Pay is either right at or right below industry and local standard for Raises are minimal if at all and often measure 1% or less. STI does not vary much from year to year regardless of performance.

    Career advancement generally meant waiting for someone to retire, although this is improving.

    Senior management is drawn mainly from Canada. Middle management is mostly legacy from a rural operations center that was closed when PNC bought RBC USA. These two groups form the main cliques in the company and a new employee would need to successfully navigate them to thrive. The company is making a concerted effort to remove silos and convert the culture to one that is more proactive on the client's behalf and less about passing the buck. This is causing workplace stress.

    Flexible work arrangements like work from home and non-standard hours are disappearing. They are still official policy but are unlikely to get manager approval.

    Advice to Management

    RBC Bank would benefit from more transparency. The job market will not allow you to continue to take average pay with industry standard benefits and attract above average employees. Many employees are discouraged by the work load and what is perceived as management indifference or disregard of employee concerns in this area. There is also a perception that favorite employees get

  8. "Investment Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at RBC full-time (More than 3 years)

    Pros

    Great management and work environment

    Cons

    Lack of technology, minimum growth within company

    Advice to Management

    none


  9. "RBC"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at RBC full-time

    Pros

    RBC has talented and hard working employees. They have great employee benefits along with exceptional learning and development opportunities.

    Cons

    Large company with many business segments which makes communication at the organization a challenge. Its a matrix reporting environment which makes the decision process slow and its hard to deliver results on time as a whole. As a result there is a lot of confusion and frustration in the organization.

    Advice to Management

    Practice what you preach and stay true to your collective ambition beliefs ( vision and values).


  10. "Great Technology"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at RBC full-time

    Pros

    Forward looking bank looking at new technology

    Cons

    No cons with my position


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