RBC reviews

3.9

76% would recommend to a friend

(16,005 total reviews)
avatar

David I. McKay

84% approve of CEO

74% positive business outlook

RBC has an employee rating of 3.9 out of 5 stars, based on 16,005 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 Financeiro industry (3.7 stars).

Reviews by job title

16K reviews
2.0
Jul 11, 2021
Recommend
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.

1.0
Apr 5, 2019
Recommend
Business Outlook

Pros

-Good office location in NYC -Monopoly in Canada -The company has made some headway on the Street but held back by various reasons -I don’t know why people state that 401K is great when it is very standard- it fully vests after a few years -Some teams have good work/life balance

Cons

-Too much nepotism and culture of sponsorship as opposed to talent recognition - Strong favoritism towards Canadian nationals and too much meddling from the headquarters -Subtle sexism in the way of men are judged on potential and women on past performance -The company is trying to promote diversity and inclusion but these initiatives do not seem to work and have no specific goals in place (at least they have not been communicated to the employees) -Unprofessional and disorganized HR -Lack of promotion and career progression although there are some efforts to move people laterally but, due to the small size of the company, it’s fairly limited -Old and inefficient legacy systems -Increased cost cutting

1.0
Dec 16, 2018
Recommend
Business Outlook

Pros

Nothing comes to mind. Full review below:

Cons

The company’s moderately interested to upgrade and streamline functions for future expansion. Nowhere near the forefront with programs and procedures outdated by decades and little impetus for change. They mold the employee to act like a jack-of-all trades and multitask using tools and job aids created in the Middle Ages. The amount of laws and regulation (government and insurance boards) regularly breached in this department is astounding and their MO is to cover up. An official or external auditor would fine them 5 to 6 figure penalties if they assessed the level of negligence. Poor forecast - business is on steady decline and every year they lose more contracts. Nothing’s covered 100% in the benefits package and your plan is supported by deductions made to each pay cheque. Only miserable penny-pinching organizations force employees to pay for benefits. A low below market salary + benefits deductions + incomplete insurance coverage puts you in an unfavourable financial position. Numerous insurance companies offer higher pay for an identical role. You’re worked hard, expected to abide by rigid standards and what get back is simply nowhere close to work/effort put in. If your aim is to advance in the company you’ll quickly realize the difficulties as it’s a top reason why most leave. There’s false perception you get first consideration as an internal candidate. RBC prioritizes existing employees in higher-up positions, everyone else is disposable. The work environment is overwhelmed with low morale and excessive turnover. Many tenured workers left in 2017. The social climate is toxic; cattiness, cliques, intimidation, harassment, discrimination, schoolyard bullying, physical provocation and even assault - yes, assault - are reality. Street rules when you come to work. Confidential information is freely distributed. No enforcement with the code of conduct. The one that exists is about as useful as toilet paper to wipe your rear with nothing more. Organizational hierarchy is built from undereducated leadership, tenured workers with (maybe) high school diplomas and certified and experienced professionals working at the bottom. Someone with a doctorate was hired to work at this call centre. Think about the rift that causes. You’re provided little opportunity to demonstrate your professional capacity and deal with insufferable idiots from the top who treat you like a cockroach. Managerial staff are from third world countries and use primitive behaviours on subordinates. These people are the lowest of the low and their slave-driving mentality, however un-Canadian, is promoted. The two trainers who will train you if you're foolish enough to accept this role base their existence on gossip and bootlicking to wedge their way up. They collect personal information on new hires that is then distributed to management. Idiots like these two support a cycle of caustic behaviour and are prime examples of the lacking job focus and petty antics that dominate the workplace. Stay away from this department. 

 RBC Insurance is widely known as the armpit of the company. If for whatever reason you’re still keen to work at RBC the bank offers slightly better employment options. I suggest to avoid altogether.

Viewing 34 - 36 of 16,005 Reviews

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