RBC reviews

3.9

75% would recommend to a friend

(16,052 total reviews)
avatar

David I. McKay

84% approve of CEO

73% positive business outlook

RBC has an employee rating of 3.9 out of 5 stars, based on 16,052 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
1.0
Mar 24, 2017
Recommend
CEO approval
Business Outlook

Pros

A salary saves you from starvation. You learn how Banks make money off of clients so you know how to avoid being a victim of the clever sales tactics. Useful Perkopolis Discounts. Employee discount on Aviva Insurance for home/auto.

Cons

Lots of pressure to make sales despite clients not needing or wanting products, and despite products being potentially detrimental to clients' financial well-being. Failure to consistently meet sales goals is met with the threat of dismissal. "Perhaps you should consider whether you are the right fit for this role", is what managers say when sales performance is low. Management is not open to the concerns of lower level staff because the pressure is top-down and only profit matters. Little opportunity for growth as there is high competition for limited number of positions. Generally a miserable work environment where workers feel overworked, underpaid, disrespected and unappreciated. Also, insurance coverage for dental and vision is only available if you agree to additional salary deductions. Why have me sit at a computer all day, pay $14/hour and then expect me to pay more to get my eyes checked? Ridiculous.

3.0
Dec 15, 2016

Director

Recommend
CEO approval
Business Outlook

Pros

Excellent benefit plan. Competitive bonus structure for head office roles. Generally good at hiring and promoting diversity up to middle management levels. Extremely large company, which means that there are usually opportunities for lateral job changes even when advancement options are not currently available.

Cons

Some departments have a "lifer" culture, with average employee tenures of 15+ years. This makes effecting real change challenging at times. Diversity (of all types) declines above the Director level. For all that there are investments in new technology (e.g. mobile banking), the majority of the bank runs on VERY old software that is utterly unappealing to hires straight out of school.

4.0
Oct 28, 2016

Senior Director

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good amount of responsibility at the middle management layer and amazing opportunity to broaden your skillset and move around the bank or glove

Cons

Unless you are a female visible minority the cards are stacked against you progressing from middle management to VP and once you are there it is an incredibly political environment that has little regard for what you accomplish

Viewing 157 - 159 of 16,052 Reviews

Glassdoor has 19,977 RBC reviews submitted anonymously by RBC employees. Read employee reviews and ratings on Glassdoor to decide if RBC is right for you.