Royal Bank of Scotland Reviews in United States

Updated 21 August 2014
Updated 21 August 2014
690 Reviews

3.0
690 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
48 Ratings

Review Highlights

Pros
  • Work-life balance is fair and constant monitoring of your growth as an individual here (in 163 reviews)

  • Nice work environment at Stamford CT, state of the art building and work spaces (in 33 reviews)


Cons
  • Work life balance is pathetic for some departments (in 16 reviews)

  • Commute, Poorly managed areas and senior management constantly change gears (in 27 reviews)

More Highlights

87 Employee Reviews Back to all reviews

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  1.  

    Days in RBS

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Good Facilities - cafeteria, work area, gym free cabs etc

    Cons

    Like any other captives RBS has an issue with the middle management and vendor population, In some areas Vendors are diluting the work culture.

    Advice to ManagementAdvice

    Managers should be more handon and connected to the employees. Role of HR is not there in RBS - HR should be more active

    Recommends
    Approves of CEO
  2.  

    Helpful employees but rigid structure

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Scotland as a contractor

    Pros

    I was pleased that when I wanted to learn about different departments around the bank, all employees I reached out to were happy to help. Training was good also.

    Cons

    The bank lacks the ability to think in novel and innovative ways, which is a problem given that the bank needs to reinvent itself following its restructure. Policies and processes are outdated and it is very difficult to get anything done.

    Negative Outlook
    No opinion of CEO
  3.  

    US presence is in shrink mode

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director  in  Stamford, CT (US)
    Former Employee - Director in Stamford, CT (US)

    I worked at Royal Bank of Scotland full-time

    Pros

    Many of the people in Stamford are very competent and diligent, There is very good Interactions between departments and you can learn new ideas from each area. Stamford has state of the art technology. Work-life balance is very good. There will be long days, but the trade off is management will allow you to work at home every now and then.

    Cons

    As of now the bank in the US overall is still shrinking, so an increase in compensation won't happen for most people. Unfortunately this is the same for career opportunities. Its not clear what plans Senior Management has for the US besides trying to IPO their largest US subsidiary, Citizensbank, and the reduction of personnel on the investment bank side. RBS is 84% owned by the UK Taxpayers, so UK management listens very closely to what the government wants the bank to do. In turn UK management tells the US management what the strategy of the day, month or year will be.

    Advice to ManagementAdvice

    Overall US management is doing everything they can do under the circumstances as their orders come from the UK.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Operations Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Analyst  in  Stamford, CT (US)
    Current Employee - Operations Analyst in Stamford, CT (US)

    I have been working at Royal Bank of Scotland full-time for more than a year

    Pros

    Good culture.. People are willing to help you out. Reasonable hours.

    Cons

    Compesnsation. Location is not in New York City. The firm's reputation in Europe is not good at all and not too much better in the US.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Has it's ups and down, but over all a good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Administrator  in  Salt Lake City, UT (US)
    Current Employee - Loan Administrator in Salt Lake City, UT (US)

    I have been working at Royal Bank of Scotland full-time for more than a year

    Pros

    Great work / life balance. From day one I had 20 days of PTO to use each year, plus all the banking holidays. A great starting wage. The company has a strong focus on volunteer work, which is good to give back

    Cons

    The banking industry is still going through a recovering faze after the '08 crash. RBS is majority owned by the UK government, and the raising level of auditors and regulators is staggering. Morale is low, as positions are being taken back east, or to India.

    Advice to ManagementAdvice

    Continue to keep the lines of communication open. It is good to receive communication from that perspective.

    Recommends
    Negative Outlook
    No opinion of CEO
  7.  

    Great Pay with Troubled Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst  in  Stamford, CT (US)
    Former Employee - Financial Analyst in Stamford, CT (US)

    I worked at Royal Bank of Scotland as a contractor for less than a year

    Pros

    Great pay, great office (North American HQ), most people are friendly and professional

    Cons

    The future of the Bank is unstable, especially in the US, and layoffs can happen without notice. Most contractors working there are overpaid and do less work than most other positions that pay a fraction of their pay rates. But that's the reality of big banks and why they're great if you have a secure job there

    Advice to ManagementAdvice

    Lighten up on the big spending and poor acquisitions and maybe so many jobs won't be cut

    Recommends
    Negative Outlook
    No opinion of CEO
  8.  

    RBS not good to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Stamford, CT (US)
    Former Employee - Anonymous Employee in Stamford, CT (US)

    I worked at Royal Bank of Scotland as an intern for less than a year

    Pros

    not a good employee at all!

    Cons

    management is extremely poor, 'clicky' department

    Advice to ManagementAdvice

    need to take more time to engagement and listen to employees

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    I would stay away from this company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Stamford, CT (US)
    Current Employee - Anonymous Employee in Stamford, CT (US)

    I have been working at Royal Bank of Scotland full-time for more than a year

    Pros

    Stamford office is state of the art and the staff is very friendly.

    Cons

    Commute, Poorly managed areas and senior management constantly change gears...hard to see the direction of the company because of this.

    Advice to ManagementAdvice

    Learn how to manage and not micro manage employees and put into place options Work from home flexibility.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    Decent pay with good people to work with depending on the department

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President  in  Stamford, CT (US)
    Current Employee - Vice President in Stamford, CT (US)

    I have been working at Royal Bank of Scotland full-time for more than 5 years

    Pros

    If you work hard, people will notice you and give you more responsibility to grow your career. Based pay are at market and great PTO policy. It is very hard to find another place with better PTO policy.

    Cons

    Bonus is limited by British Government (bad business combination when you are controlled by government). No communication between departments. Work in Solo. No horizontal movement to other department after reaching VP level.

    Advice to ManagementAdvice

    Allow more horizontal movement between department and raise base pay to compensate bonus restriction. Breakdown departmental solo and allow department to work together to create synergy.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Not the perfect place to work for

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Royal Bank of Scotland

    Pros

    You are given some freedom

    Cons

    The managers do whatever they want do, and they sweet talk you, but will never protect you..they will do illegal stuff, but will clip you if you do it because it benefits them

    Advice to ManagementAdvice

    Care more about existing clients service, not just signing up new PREYs

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