What is the reputation of RBC Capital Markets in the U.S. for banking and s&t? It seems like they are actively trying to grow their capital markets business through the use of a strong balance sheet. Any thoughts on what sort of position they will be in 3-5 years from now?
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I would have to agree. While I don't have any answers, I do have additional questions that pertain to this thread? 1) What are the "best" groups at RBC ? My guess: Industry - Mining and Metal, Product - No clue, maybe M&A
2) RBC CM website doesn't seem to have a DCM group. They do have a High Yield Capital Markets group. Is this their LevFin group? If so, then what's their LevFin group (see links below). I'm just trying to separate their DCM (average investment grade stuff) from their High Yield. Can someone checkout the links and provide some thoughts? https://www.rbccm.com/highyieldcapitalmarkets/cid-204658.html https://www.rbccm.com/syndicatedfinance/cid-206915.html
they definitely have a dcm group, but at the analyst level i know they hire into it through their global markets program vs their global banking program. lev fin on the other hand is in global banking.
https://www.rbccm.com/bondorigination/cid-202840.html
dont know enough about the firm to give answers to the other q's though
RBC used to be pretty weak, I think it will develop into a decent middle market in the future. From what I gather, its main focus is still Canada.
They have hired a lot of bankers. Their intention is to become the leading MM player in the US market. Analysts are generalists for the first year and then assigned to industry or product groups. They have done well last year and were at least top 20 (maybe even 15) in the US league tables last year. Check Thomson as this is based off memory.
Actually, they are not even top 25 in US leagues. #15 is CS, and the rest of the 15-25 are rounded out by Centerview, Perella, RBS, Macq, Jefferies, HLHZ, etc.
http://online.thomsonreuters.com/DealsIntelligence/ReviewsAndAnalysis/R…
Is having analysts work as generalists normal in Investment Banking? Do any other BB, MM, or Boutiques do it this way? Does RBC not have a "sell day" like other banks?
i thought the generalist program at RBC is less than a year (a few months i think), though i could be wrong.
I know jefferies also does it the same way, though jef is planning on phasing it out as the firm grows (recently shortened the length of time as generalist).
RBC is, without a doubt, the No. 1 bank in Canada for M&A, ECM and DCM.
As for NY, they're growing their business and are a solid, albeit not great, MM player in the IBD space. They've made a lot of hires but are reluctant to leverage their balance sheet to chase larger deals. But as the name "RBC Capital Markets" would imply, their trading operations are much stronger -- in the U.S. they are very good at algo/program trading and FX (particularly CAD, obviously).
This may change in the future and they seem pretty committed to devoting capital to us business: "Canada's biggest bank plans to expand the balance sheet of its U.S. capital-markets business by 50% within the next 18 months" from http://online.wsj.com/article/SB100014240527487045410045750114515228436…
That said, dont look for them to compete with the bb's anytime soon. Right now they are a solid mm that looks to become the best mm, and have a realistic shot at obtaining that. They consider jefferies their main competitor.
Agree with the last two post, they did relatively well in last year's league table (not sure if I was looking at gloabl or U.S. but I know I saw them within the top 20).
Random but is it true that Wall Street 2 was filmed in their new HQ which are floors in ML's old building before Bryant Park.
cant believe i just took to the time to check this...
from thomson, 22 us involvement completed, 19 us involvement announced, 19 us target announced, and behind only hlhz and jefferies among mid-market banks in us target mid-market rankings (deal volume & # fees).
so, obviously league tables are shit but seems to support the idea that they are a solid, maybe even a top, middle market firm which also has the ability to do a lot of bigger cross-border stuff (this is why us involvement is bigger than us target).
So you ignored the most important U.S. Target completed and looked at "any involvement" along with "announced". The latter of which is known to be useless.
wtf, i just posted everything they were listed on in the league tables then explained significance. I looked at involvement to see cross-border stuff, and posted us target completed values from mm rankings, where they are behind just jefferies and houlihan (obviously couldnt post these for non-mm since they aren't on them).
Ok, I didn't mean to offend you. I see what you did now. I was looking at non-MM.
RBC Capital Markets S&T Prestige? (Originally Posted: 02/09/2015)
What is the prestige of RBC Capital Markets S&T? Specifically, its footprint in the US. What firms would it be on par with, above/below?
Those boys sure are flash, mistah.
Those boys sure are flash, mistah.
Does anybody here work in RBC Capital Markets (NYC) IBD? (Originally Posted: 08/06/2013)
Hello,
As the title states, I was wondering if anyone here works in the NYC office, investment banking division, at RBC Capital Markets? If so, I would highly appreciate it if you could take some time to answer questions via PM.
Thank you
Lol calm down there bud..this is just the internet
Is your question on RBS or RBC?
lol anyone? To the poster above: this is about RBC Capital Markets, as stated...
I have bumped into those guys once or twice. They seem on top of things. Obviously there are better places to be, but they are decent.
bump...
Stop bumping and get grinding.
.
so i guess no one huh? sigh
Guessing you haven't seen Glengarry Glen Ross.
did u get in RBC capital Markets NYC? If so, let us know, I have few questions
Throughts on RBC Capital Markets.... (Originally Posted: 09/25/2007)
Looking for thoughts & input on RBC-CM.....
Thanks
looking to move north or the NY offices?
Given the user name, I'm guessing he's asking about the Houston satellite...
The top Ibanks in Canada are RBC CM and CIBC WM. So you're going somewhere well-reputed if you're moving north of the border.
RBC Capital Markets S&T (Originally Posted: 09/06/2010)
I am thinking about applying to RBC Capital Markets in NYC for S&T. I am hoping to get more info about them, specifically:
Which groups are the best? Compensation? Advancement opportunities?
Any info is greatly appreciated.
whats stopping you from applying?
he needs the internet's approval first. without that he's screwed.
If you its for Toronto or Canadian program. Any desk, RBC hires and keeps rock stars. They have a very specific culture though.
Could you please rephrase this post for clarity. Thanks.
Can you elaborate on "a very specific culture"?
Being the largest bank in Canada has its advantages. They are very strong in various areas. They also have like CIBC less fratty culture than you would see at other banks.
So RBC CM isn't fratty? Nice.
RBC is the goldman of Canada. They have a very big Prop group and Fixed income group. The compensation is the same compare to most other banks on Wall street.
And...."Trailer Park Boys" is the "Lost" of the US.
Super super competitive. Had a first round there last year for the global markets program. I heard something retarded like 4K resumes, 100 first rounds, 20 superdays, 8 offers.
Was this for undergrad or MBA?
Pretty sure everyone was in the same pool. It's basically S&T so they don't really care about MBA. I applied out of my MFE.
Thanks for the reply, I have actually wondered, do MBA grads have an advantage over undergrads for these positions. I am starting my MBA in september and the RBC Global Markets rotation would definately be one of my top choices.
Considering that the applicant pool for the S&T jobs is so large, and there are generally less positions available (according to info i got from the site) does that imply that M&A associate recruiting would be a little easier as it only involves primarily MBA grads?
Yeah Canada is not like the US in this way. IBD is wayyy easier to get into here than S&T. One of my cousins was a M&A VP at RBC before he left 2 years ago, and he confirmed this.
Decent research product to sell.
Can only speak for Canada, but pay is excellent (at least at the junior level -- better than any BB U.S. firm, as far as I know) and so are advancement opportunities (excellent bankers and traders can make VP well before 5yrs).
RBC Capital Markets, US Offices - Opinions? (Originally Posted: 10/08/2012)
Have an interview with the SF office at the end of this week , wanted to get some opinions on them.
bump, anyone?
RBC Capital Markets - General perception of the company? (Originally Posted: 10/22/2009)
What's the general perception of RBC in the US? While I truly know that they're not even close to a BB or the boutiques, how do they stack up among the MM banks after HL, Jeffries, etc?
I have an interview coming up and curious as to what groups are strongest and what the 2nd rounds in the office are like? Can anyone help?
They are below JEF and HL. I honestly don't know enough about the MM to say much. I went to their superday in the Houston office and it was mostly fit with some technicals in there. All the technical questions were basic though.
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