RBC Reviews | Glassdoor

RBC Reviews

Updated June 25, 2017
219 reviews

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2.0
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RBC President/CEO David I. McKay
David I. McKay
26 Ratings

219 Employee Reviews

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Pros
Cons
  • Work-Life Balance can be an issue (in 42 reviews)

  • Long hours like any other investment banking job, but better considering the strong culture (in 49 reviews)

More Pros and Cons

  1. "current employee"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Minneapolis, MN
    Current Employee - Anonymous Employee in Minneapolis, MN
    Doesn't Recommend
    Positive Outlook

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

    Pros

    good work life balance
    ethical company that treats its customers and employees well on balance
    benefits and vacation time are both good, bordering on generous
    the company is huge, your experience will depend largely on where you land.

    Cons

    Communication and collaboration are ongoing challenges.
    Advancement and development opportunities are rare. The company has no interest in anyone thinking or learning beyond their immediate position.

    Advice to Management

    Create an environment where employees can speak honestly about what they think and provide some latitude for them to make improvements. There is a lot of lip service to this idea currently but it needs to go further.


  2. Helpful (3)

    "Global Credit / Corporate Banking"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Corporate Banking in New York, NY
    Former Employee - Vice President Corporate Banking in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at RBC full-time (More than 8 years)

    Pros

    Relaxed office environment, exposure to other capital market desks and ability to build relationships across the bank. Constant deal flow which exposes you to a large part of midstream space.

    Cons

    Lack of promotion opportunities; top heavy office with no turnover at senior levels (who are almost exclusively Canadian); appalling lack of expertise and leadership at senior levels results in low to no business growth; complex or high involvement transactions are limited; palpable baseless favoritism; inundated with office politics that creates have and have-nots; annoying Canadian counterparts that think they are know-it-alls and consistently try to undermine work; compensation bears little correlation with work product, revenue or return metrics; corporate culture is annoyingly PC and run by airheads; limited growth opportunities, training or mentoring.

    Advice to Management

    Decide what kind of bank you want to be; promote better work habits, reward high performers and cut some of the senior execs that contribute zero $ in revenue.

  3. Helpful (5)

    "Corporate Banking, RBC Capital Markets"

    Star Star Star Star Star
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    Disapproves of CEO

    I worked at RBC full-time

    Pros

    Relaxed office with ability to build relationships with entire team; Well compensated but rest of the market is catching up; Constant deal-flow that exposes you to a large part of the upstream & midstream space; More than a participation bank but high involvement transactions are limited; Exposure to other capital market groups in the bank (IB coverage & product groups); engineers on staff which presents good learning opportunities for e&p space;

    Cons

    Lack of promotion opportunities, top heavy office with no turnover at senior levels; Low-to-no business growth; Palpable, baseless favoritism; Inundated with office politics that created haves & have-nots; Work is dumped on junior staff; Bad work habits by some in office; Annoying Canadian counterparts that consistently try to undermine your work; Compensation has minimal correlation with work product; personal business will be out in the open; throughout the whole organization nobody has your back even though you are told the opposite; corporate culture (Toronto/NY) is annoyingly PC

    Advice to Management

    Promote better work habits equally throughout the office. Not rewarding hard work is penalizing it - everyone isn't blind


  4. Helpful (2)

    "Credit Risk"

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

    I have been working at RBC full-time (More than 3 years)

    Pros

    Work life balance is good

    Cons

    RBC does not value non revenue generating departments.

    No career path

    Promotions and salary increases are non existent.

    Advice to Management

    Canadian management not in touch with US market.


  5. Helpful (1)

    "Company Culture"

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

    I worked at RBC (Less than a year)

    Pros

    high paying, fast-paced, stable, compensation and benefits provided

    Cons

    harsh work environment, lack of creativity


  6. Helpful (3)

    "Associate Director"

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

    I worked at RBC full-time

    Pros

    It used to be a great company.

    Cons

    All management positions are filled from the outside.

    Advice to Management

    Stop the nepotism.


  7. Helpful (2)

    "Don't expect to climb the corporate ladder"

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

    Pros

    Work-life balance was excellent. Management is very flexible.

    Cons

    Promotions are based on who you know. Do not over work yourself going above & beyond your normal tasks. You will not be rewarded with a great bonus or promotion.
    They seem to have it in their minds that a pat on the back & praise is what employees are looking for. That being said, advancement is unlikely.

    Advice to Management

    Speak to every level before you approve a promotion making sure it is based on merit & not fluff. Just learning a position that you are hired for is not justification for a promotion.
    Think about raising salaries & bonuses. Nobody cares about a hand shake & an "atta-boy". Remember where you came from.

  8. "Change is constant"

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

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

    Pros

    Excellent career development experience
    Worked on top experience-building projects
    Worked in a tight-knit Caribbean team and with very knowledgeable and friendly Toronto staff

    Cons

    Second boss did not fully understand the environment, preferring instead to impose Canadian approaches, whether they fit or not
    Change is constant in this organisation. While at one time there was a dedicated department to handle change, the company has never fully settled down since RBC bought RBTT in 2008, leading to discomfort for staff and many negative reviews from clients.


  9. Helpful (5)

    "No accountability"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in New York, NY
    Former Employee - Trader in New York, NY
    Disapproves of CEO

    I worked at RBC full-time (More than 8 years)

    Pros

    Stability and security. These folks were the safest place to weather the financial crisis--unfortunately that's because they were too slow to get involved in the parts of the market that exploded, not too smart.

    Cons

    The company culture is toxic and rewards people who quietly block forward motion as they are never held accountable. Many managers seem to feel the answer to any questions is "status quo." They don't recognize what makes a top performer and so they are never valued or rewarded.


  10. "untitled"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technical Systems Analyst in Minneapolis, MN
    Current Employee - Technical Systems Analyst in Minneapolis, MN
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at RBC full-time (More than 3 years)

    Pros

    Pleasant working environment with a focus on allowing self motivated individuals to achieve results. Nice art on the walls.

    Cons

    Little to no effort to to pay employees industry standard salaries or provide transparency to employees in regards to salary and compensation, and an increasing effort to offload clerical managerial tasks to the employees - creating an even larger burden on employees to pepper HR profiles with worthless buzzword fluff. They've hired approximately 4 POC and champion their values of diversity, but don't expect to see many brown faces beyond the Operations level. Just as white as any old guard mega-corp.

    Advice to Management

    pay your employees pay your employees pay your employees pay your employees pay your employees pay your employees pay your employees


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