RBC reviews

3.9

76% would recommend to a friend

(16,034 total reviews)
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David I. McKay

85% approve of CEO

73% positive business outlook

RBC has an employee rating of 3.9 out of 5 stars, based on 16,034 company reviews on Glassdoor which indicates that most employees have a good working experience there. The RBC employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzen industry (3.7 stars).

Reviews by job title

16K reviews
4.0
Oct 25, 2023
Recommend
CEO approval
Business Outlook

Pros

RBCs benefits are very good. Their health insurance is the best I've heard of. During the pandemic they gave 2 cost of living adjustments in addition to yearly raises to help offset rising costs. The corporate culture is very friendly and un-eliteist. C level execs who have no idea who I am have casually talked to me on on elevators or while walking out the door, asking how work is going, where to go get food, or anything. And many of them are only visiting from Toronto, so it's not like they're trying to build a ground up community. I think they actually are interested in their employees.

Cons

They seem to only train for the position you are in. If any sort of movement would require licensing, degrees, or so on, you only can get it once you're in that position. People in many levels seem set at their position and rarely move up, making it hard for people to get out of entry level jobs without leaving the company and coming back years later. (This is a VERY normal occurrence at RBC.) HR and internal recruiting seem very slow or overworked. I would think they would go find experienced workers internally and try to bring them into new roles, but I have never heard of anyone having this experience at RBC. (If I apply sure, but they never seen out existing talent, even when they say things like "I'll keep your resume on file.")

2.0
Mar 3, 2023
Recommend
CEO approval
Business Outlook

Pros

- Pay is okay, not the best but given work life balance can't complain much - Work can be interesting if lucky enough to be on a good project, probably 50/50 in terms of good vs boring projects

Cons

- Very hierarchical team structure - Team is full of ex-consultants from BCG, Deloitte, etc. and they bring that culture with them - Opinions don't feel valued if you are below director level - Get cut out of, or am not even told about, some major meetings with stakeholders until after the meetings are done since they were "director and above" meetings. Doesn't make sense because it's a remote meeting anyway, and the time spent needing to translate what happened so I can get my work done is like playing broken telephone

2.0
Jul 11, 2021
Recommend
CEO approval
Business Outlook

Pros

You're best off working as a contractor at RBC for a year or two. The compensation is fairly good, and if you leave your own ambitions and strategic sense aside and just focus on the work they give you - no matter how petty some of it may be - you can enjoy the money for a little while, then move on.

Cons

There is a self-congratulatory culture inside Canada's largest bank, repeating statements about the bank's superiority over its competitors while the employee experience is poor. Moreover, RBC is one of the world's top bankers to the fossil fuel industry, pouring billions into oil, gas, and mining every year and violating Indigenous rights. Managers are often insecure, confused and left without proper support. They then leave their reports without support. There is a culture of secrecy, compensation for full-time employees is below the industry average, and bonuses left unpaid for any reason while the bank rakes in billions in profit every quarter. Annual reviews at RBC work like the comments section on a media site: there are often no meaningful touchpoints through the year, but at the end of the year other employees (and sometimes your manager, too, without disclosure) leave anonymous comments on your performance. This has led to a culture of malicious competition among employees, the opposite of "Radical Candor" which it's been advertised as.

Viewing 31 - 33 of 16,034 Reviews

Glassdoor has 19,957 RBC reviews submitted anonymously by RBC employees. Read employee reviews and ratings on Glassdoor to decide if RBC is right for you.