RBC Reviews | Glassdoor

RBC Reviews

Updated January 17, 2017
127 reviews

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RBC President/CEO David I. McKay
David I. McKay
19 Ratings

127 Employee Reviews

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Pros
Cons
  • work life balance difficult to manage (in 34 reviews)

  • Long hours, not a lot of guidance (in 46 reviews)

More Pros and Cons

  1. Helpful (2)

    "Registered Client Associate"

    Star Star Star Star Star
    Current Employee - Anonymous Employee in Pittsburgh, PA
    Current Employee - Anonymous Employee in Pittsburgh, PA
    Doesn't Recommend

    Pros

    None, they lead you to believe you are valuable and then display passive aggressive behaviors when they see what a hard worker you really are each day. They don't want to work as hard so choose to eliminate your position.

    Cons

    Support staff management is very controlling, OCD, and her way or the highway. No room for growth and threats of no bonus based on her mood that day.

    Advisors are fearful of management and not hard working.

    Advice to Management

    Take a look at who you have managing/controlling the puppets. It all comes from the top.


  2. "CMBA credit manager, loan specialist"

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

    I worked at RBC full-time

    Pros

    Great benefits, solid parent company , pay ok

    Cons

    Rbc Bank Ga does not have a mortgage process in place that works. The managers in sales and underwriting are clueless with no sales experience. They have very limited portfolio products and are a small boutique bank . If you are talented but not liked, you will continue to be harassed until you leave or quit.lots of turnover.

    Advice to Management

    Hire knowledgeable managers, diversify your staff


  3. "Poor culture and leadeship"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Doesn't Recommend
    Neutral Outlook

    I worked at RBC full-time (More than 5 years)

    Pros

    learned how to work hard and received good initial training as someone right out of college

    Cons

    Leadership in NYC in fixed income is horrible. Don't expect to be mentored or inspired or even feel like your manager is competent. Culture is for the most part very negative.

    Advice to Management

    Put more qualified leaders in place!


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  5. Helpful (3)

    "Sales-Trader Who Wouldn't Have His Worst Enemy Work Here"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    - there are some groups that are well run within the bank, unfortunately I was not in one of them
    - bank is investing in new businesses that they desperately need in an attempt to catch up to the bulge bracket
    - if you're a brown-noser type of worker, you may succeed here. unfortunately, if you're actually focused on serving clients, it's best to go elsewhere.

    Cons

    unfortunately this list will be much longer, so here we go

    - lots of turnover: i was at the bank for five years, much longer than most people last there. in my time, i saw my group almost completely turnover twice (i.e. they fired everyone in my group and then hired a new group)
    - distant management: you can certainly talk to your direct manager but try talking to a higher level manager and you'll be put in your place
    - incompetent management: lower management can fly under the radar for years (and i've witnessed it) without upper management doing much to stop them - they're mostly just concerned about keeping their own jobs. you see this trickle down as non-management also is mostly concerned with keeping their jobs/getting bonuses rather than actually doing their jobs well
    - low pay: not competitive pay - you do not get paid based on how much commission you made or your trade profits: you get paid based on how much you throw your coworkers under the bus - come bonus time (around the fall), you'll notice people trying to jockey for bigger parts of the bonus pool. instead of focusing on how they can serve their clients best, they try to complain to management about how everyone else is terrible

    if you're a brown-noser type of worker, you may succeed here. unfortunately, if you're actually focused on serving clients, it's best to go elsewhere.

    Advice to Management

    - listen to your minority workers: women and minorities often have advice for upper management which goes ignored
    - treat people better: RBC has a scorched earth kind of policy - if you're let go or fired, they go out of their way to put negative notes on workers' U5s (I know many former co-workers who have told me that RBC has done this to them), making it very difficult to find work in the industry - it's disgusting and it's borderline illegal.


  6. "Trading Floor Assistant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Executive Assistant in New York, NY
    Former Contractor - Executive Assistant in New York, NY
    Recommends
    Positive Outlook

    I worked at RBC as a contractor (More than 10 years)

    Pros

    Exciting, yet professional environment working along side educated, hardworking and successful traders that know how to enjoy their free time as well.

    Cons

    This particular location too about 1 hour and 30 to get to, but worth the trip.


  7. "RBC Capital Markets - Big Disappointment"

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

    I worked at RBC full-time

    Pros

    Great place to cut your teeth for 1 year.
    Nice people
    Professional environment

    Cons

    Salary and Benefits not competitive and very disappointing.
    Good percentage of bonus money has to be vested before you get it.
    Same with 401k matches - you need to stay a very long time ( read many years ) otherwise you forfeit the money. What kind of a reward is that ?

    Advice to Management

    Be competitive when you reward your people. Lots of firms out there that are beating you.


  8. "Clearance Associate"

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

    I worked at RBC full-time

    Pros

    Great if you have the right boss. Essentially your loyalty is to your immediate boss and not upper management. All upper management worries about is the bottom line and not the quality of the work This is especially true of Canadian management. Very cliquish. If they don't like you, you're out regardless of how well you do your job.

    Cons

    Treat valuable employees like crap, and love yes men at all levels of management.

    Advice to Management

    You're making a ton of money, you support a lot of worthwhile projects. Try treating ALL your employees as though they're a valuable commodity and stop listening to people who tell you what you want to hear.


  9. Helpful (5)

    "HR administrator"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Human Resources Operation Administrator in Jersey City, NJ
    Former Employee - Human Resources Operation Administrator in Jersey City, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Beautiful work area, nothing more.

    Cons

    Managers get feedback on how employees do from other favored employees. Too much favoritism for certain employees and no attention or guidance for others.

    Advice to Management

    Managers need to get real feedback from what they see,not word of mouth. I would not recommend to work within Ooerations in capital markets jersey city.


  10. Helpful (1)

    "Company doesn't care about employees."

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

    I worked at RBC full-time (More than 10 years)

    Pros

    Solid company with competitive salaries and benefits.

    Cons

    Revenue generating producers are disrespectful to employees and expect them to work long hours and they don't pay for overtime. Managing directors are aware and turn a blind eye. Management is afraid of the brokers leaving as it would cause loss in revenue. When complaints were elevated to Human Resources, the complaints were investigated. Although the investigation proved this was not a respectful work environment, and that the broker was abusive. The employees were told broker was going to have to take Anger Management classes. Also told employees, if broker retaliated, and it was reported to HR, they would lose their jobs. If broker left RBC, the employees would lose their jobs.

    Advice to Management

    John Taft needs to be made aware of what's going on under his leadership. Some of his Managing Directors, Human Resources Specialists, and some narcissistic revenue generating producers are not doing their jobs and abusing their power.
    Too much is swept under the rug.


  11. Helpful (1)

    "Client Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Associate in Phoenix, AZ
    Former Employee - Client Associate in Phoenix, AZ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at RBC full-time (Less than a year)

    Pros

    Good benefits and pay. Small office, some people are friendly and some are not. No training, could be good or bad depending on your desire to understand your role.

    Cons

    Managers treat employees unfairly. Micro managers. Provide no training, fellow co-workers do not assist. Sink or Swim kind of place.

    Advice to Management

    Treat employees fairly and be honest in the hiring process. A better on boarding process would give employees a chance to succeed.



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