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RBC Reviews

Updated April 21, 2017
552 reviews

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3.0
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RBC President/CEO David I. McKay
David I. McKay
78 Ratings

552 Employee Reviews

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Pros
Cons
  • Work-Life Balance can be an issue (in 39 reviews)

  • Long hours like any other investment banking job, but better considering the strong culture (in 48 reviews)

More Pros and Cons

  1. "Associate"

    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
    Approves of CEO

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

    Pros

    Great company to get your foot in the door to learn the business, then move on.

    Cons

    A lot of favoritism.


  2. "Better than bulge bracket life"

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

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

    Pros

    Resources are limited but that means that you get to do more and step up your responsibilities.

    Cons

    still building out brand in the U.S.

    Advice to Management

    Work harder on talent retention. Pay needs to be commensurate with street.


  3. "Excellent place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Administrative Assistant in New York, NY
    Current Contractor - Administrative Assistant in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at RBC as a contractor (Less than a year)

    Pros

    Friendly, Fast paced environment.

    Cons

    I have no negative things to say about RBC


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  5. "Decent Company to Work For"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at RBC full-time (More than 5 years)

    Pros

    Company culture and good work/life balance

    Cons

    Very large company, yet tend to run teams very lean in some areas. It makes it difficult to step into a new role or make a lateral move within the firm without the right experience.


  6. Helpful (3)

    "Sexist, but it's investment banking"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in San Francisco, CA
    Former Employee - Administrative Assistant in San Francisco, CA

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

    Pros

    The pay was fair, the admin staff is good people, the admin program is well managed.

    Cons

    It's sexist. But if you have to get through, you'll manage.


  7. Helpful (2)

    "Good but not great"

    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
    Recommends
    Positive Outlook

    I have been working at RBC full-time (More than 8 years)

    Pros

    Great people and good work life balance.

    Cons

    Lack of career growth for existing employees. At best you see lateral moves.

    Advice to Management

    Invest in your people


  8. Helpful (1)

    "Culture needs some work"

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

    I worked at RBC as an intern (Less than a year)

    Pros

    The money was good obviously. The give you enough work to keep you busy for a lifetime, so a fear of idleness is unfounded here.

    Cons

    The culture, however, is absolutely dismal. From the surface, it appears they are good ol canadian boys but don't be fooled. They are as bad as the other guys on the Street, and it's immensely disappointing.

    Advice to Management

    Fire the MDs and VPs that operate in a manner antithetical to your goals of collective ambition and always doing the right thing.


  9. "The highs are high and the lows are very low"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Wealth Management in New York, NY
    Current Employee - Wealth Management in New York, NY
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    The company provides it's employees with numerous opportunities for interdepartmental and interdepartmental growth, depending on the available opportunities at that given time.

    Cons

    Cons come from lack of communication between multiple departments, different RBC entities and upper management. Departments acts like completely different entities rather than a cohesive bank reaching for the same goals. This lack of communication results in hiccups for client facing roles as they are unable to set proper expectations with clients.

    Advice to Management

    Upper management should proactively try to be more transparent with their managers so information can trickle down to the rest of employees. Right now changes are happening at the top of the house but they are not always communicated efficiently to the rest of the departments.


  10. "Supportive Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Margins Technical Team Lead in Minneapolis, MN
    Current Employee - Margins Technical Team Lead in Minneapolis, MN
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good benefits besides salary. You can learn about the finance industry but there aren't many roles to transition to after you've gained a basic knowledge.

    Cons

    They use industry average as a benchmark for their salaries which means they are always behind it then playing catchup the next year.


  11. Helpful (3)

    "Good people but too much head office"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

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

    Pros

    Got to work with some very smart, hardworking people, and on interesting projects.

    Cons

    All policies and practices were dictated by head-office. Very limited opportunity for advancement outside Canada.

    Advice to Management

    Recognize talent in other geographies.



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