Royal Bank of Scotland Reviews | Glassdoor

Royal Bank of Scotland Reviews

Updated July 14, 2017
209 reviews

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Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
75 Ratings

209 Employee Reviews

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More Pros and Cons

  1. "Temporary Assignment HR department"

    StarStarStarStarStar
    • Culture & Values
    • Senior Management
    Former Employee - Anonymous Employee in Stamford, CT
    Former Employee - Anonymous Employee in Stamford, CT
    Doesn't Recommend
    Disapproves of CEO

    I worked at Royal Bank of Scotland (Less than a year)

    Pros

    Pay Rate for a temporary assignment was above minimum wage.

    Cons

    Renege on job offer on a Friday night at 5PM

    Advice to Management

    Step Down


  2. "The worst environment I have ever seen"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Information Security Engineer in Stamford, CT
    Former Employee - Information Security Engineer in Stamford, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Royal Bank of Scotland full-time (More than a year)

    Pros

    - PTO (22 days);
    - Cafeteria;
    - If you live in CT, you don't have to commute to NYC.

    Cons

    The whole corporate culture. Very few people care about what they do there. Very slow processes, what can be done in 2-3 weeks at another company will take months at RBS. Very low discipline. I was shocked when one of the departments (IT networking and telecom) confirmed 4 meetings in a row and just ignored them, nobody showed up. It is a very "political" environment, some teams pursue their own interests only and sabotage initiatives, back-stabbing happens. As the company is (mis)managed from the UK, you won't be empowered and won't have professional opportunities at the US office.
    If you like getting things done, if you expect peers to be responsive and responsible, this is NOT the right environment for you. Beware.

    Advice to Management

    No advice. We all know you don't care.

  3. "Tax VP"

    StarStarStarStarStar
    • 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 Royal Bank of Scotland full-time

    Pros

    I worked at RBS (in 2009) when they moved into the new building. That's as good as it gets.

    Cons

    Working at RBS was the worst experience of my career.
    Arrogant attitude for a company in trouble.

    Advice to Management

    You're not all that.


  4. "Developer and Business Analyst **NO NJ**"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Stamford, CT
    Current Employee - Business Analyst in Stamford, CT
    Doesn't Recommend
    Negative Outlook

    I have been working at Royal Bank of Scotland full-time (More than 8 years)

    Pros

    Extra vacation days and rugby sponsorship.

    Cons

    Shockingly poor management and repeated blunders.

    Advice to Management

    Spend money on quality people and keep them.


  5. "Nationalisted British Bank"

    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 Royal Bank of Scotland full-time

    Pros

    Nice building facilities. Gym is super nice.

    Cons

    Political influence in business decisions.


  6. "A Company to Avoid"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Program Manager in Chicago, IL
    Former Contractor - Program Manager in Chicago, IL
    Doesn't Recommend
    Negative Outlook

    I worked at Royal Bank of Scotland as a contractor (More than 5 years)

    Pros

    Large company with global opportunities

    Cons

    With multiple lines of reporting, the values and direction from management are often conflicting. There are multiple levels of bureaucracy and unnecessary complexity built into everyday processes to to point where nothing gets accomplished. The corporate culture is one that places value on covering your butt instead of working together to get anything done.


  7. "Project manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Project Manager in Danbury, CT
    Former Contractor - Project Manager in Danbury, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Royal Bank of Scotland as a contractor (Less than a year)

    Pros

    cafeteria food was pretty good

    Cons

    Bank was in deep trouble with regulatory entities. Bank is losing copious amounts of money. Layoffs are extensive. Morale is poor. Remaining employees are working 10-12 hours a day

    Advice to Management

    Give up, sink the ship

  8. "Executive Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New Canaan, CT
    Current Employee - Anonymous Employee in New Canaan, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Royal Bank of Scotland (More than 3 years)

    Pros

    There is nothing worthwhile about working at this firm. Do NOT apply for a position.

    Cons

    Scary place to work. You can't trust a soul here. Their greatest skill is telling half-truths.

    Advice to Management

    close the bank and return all assets to Her Majesty's Treasury.


  9. Helpful (1)

    "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Risk Analyst in Stamford, CT
    Current Employee - Risk Analyst in Stamford, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Royal Bank of Scotland full-time

    Pros

    Vacation package is extremely generous compared to other banks and 401K is at least on par with the industry. . .

    Cons

    Where to start... When they recruited me for the analyst role I was promised a lot. However, I ended up doing the work meant for two people because so many people have left the bank. This would normally be fine but then after working extremely hard and getting an excellent end of year review, I got no raise or bonus due to "cost cutting measures", but I was already being paid below the industry norm (This happened to everyone I spoke to). Definitely working 9 to 5 from now on.

    Furthermore, there are senior level employees who are given senior level compensation in roles that the bank doesn't need anymore. However, this isn't surprising because it seems those who underperform, or are a huge distraction and nuisance to other workers, get the same treatment as value added, hardworking employees.

    Everyone here is just counting down the days until they can find a new job - except for the overpaid senior execs who get awarded all of the bonus money for the hard work everyone below them does.

    Advice to Management

    Stop cutting costs by not giving yearly raises and taking away employee benefits, and instead focus on getting rid of all the dead weight at the senior level.

    If you want to keep your young employees, reward them and acknowledge their performance. Stop paying for expensive training courses that don't help our jobs, and instead put the money you would save towards our compensation.


  10. "What a joke...."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Manager in Chicago, IL
    Current Employee - IT Manager in Chicago, IL
    Doesn't Recommend
    Disapproves of CEO

    I have been working at Royal Bank of Scotland full-time (More than 10 years)

    Pros

    The less you work the better you will be compensated.
    Plenty of opportunities to take on new roles since everyone is leaving.

    Cons

    NO growth opportunities even though the senior management team keep pushing people priorities.
    No transparency on pay or bonus determination.
    Everyone is leaving or thinking about leaving.

    Advice to Management

    Be upfront with your employees who have committed to help save a sinking ship.


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