RBC Global Capital Markets Rotional SA

Applications opened, I'm wondering if anyone knows anything about what to expect in an interview, i.e, what kind of questions? How many rounds? What kind of candidates would they want etc

Mostly interested in the interview process, if anyone's been through it I'd more than love to hear about your experiences, TO or NY.

 
Best Response

My experience was for FT. The process should be two rounds -- two half-hour interviews for the first round and then a superday.

First round should be mostly fit type questions. They will dive into your resume, so make sure you are able to speak intelligently and thoughtfully about your experiences. The superday will be a mix of both technical and fit questions.

Prepare for the interview as if you were preparing for any other banking interview; however, also do research on what makes RBC unique. The best way to do that would be to actually speak to current RBC employees.

Hope this helps and good luck.

"Rage, rage against the dying of the light." - DT
 

It's fucking competitive. Last years class was full of MBAs and MFEs with significant prior work experience (at least a year of ibd, s&t or energy trading). I'm certain that a PWM internship at RBC Dominion Securities, TD Waterhouse or having your parents set you up for a boutique freshman ibd summer gig at an obscure middle east nation won't suffice.

 
Macro Arbitrage:
It's fucking competitive. Last years class was full of MBAs and MFEs with significant prior work experience (at least a year of ibd, s&t or energy trading). I'm certain that a PWM internship at RBC Dominion Securities, TD Waterhouse or having your parents set you up for a boutique freshman ibd summer gig at an obscure middle east nation won't suffice.

They weren't boutiques, and the one in my sophomore year was a $350 MM PE fund. In addition, I launched a new investment club at school that has over 26k in capital. Every capital markets job is very competitive, especially right now. Thanks for the post, but I'd like your take on the interview process, which is where every candidate has to sell them selves adequately, regardless of their backgrounds..

 
Macro Arbitrage:
It's fucking competitive. Last years class was full of MBAs and MFEs with significant prior work experience (at least a year of ibd, s&t or energy trading). I'm certain that a PWM internship at RBC Dominion Securities, TD Waterhouse or having your parents set you up for a boutique freshman ibd summer gig at an obscure middle east nation won't suffice.

Know some friends there. And others. Its competitive but not impossible. You just need to actually know how to trade, be personable and hold down a good gpa and ec's. Granted most of them had 2-3 trading/equity research/banking front office internships under their belt.

 
Macro Arbitrage:
It's fucking competitive. Last years class was full of MBAs and MFEs with significant prior work experience (at least a year of ibd, s&t or energy trading). I'm certain that a PWM internship at RBC Dominion Securities, TD Waterhouse or having your parents set you up for a boutique freshman ibd summer gig at an obscure middle east nation won't suffice.

Wait, i thought that summer analyst internship positions are for college juniors? Am I missing something here?

 
kwang2311:
Macro Arbitrage:
It's fucking competitive. Last years class was full of MBAs and MFEs with significant prior work experience (at least a year of ibd, s&t or energy trading). I'm certain that a PWM internship at RBC Dominion Securities, TD Waterhouse or having your parents set you up for a boutique freshman ibd summer gig at an obscure middle east nation won't suffice.

Wait, i thought that summer analyst internship positions are for college juniors? Am I missing something here?

It is a summer internship, however as far as I'm aware last year's class was full of graduate students, mostly MBAs (Ivey and Rotman) and a few MFEs (WSO user manbearpig also confirmed this in a prior post). All of them had FO experience prior to pursuing their grad degree. I guess RBC CM can afford to be picky.

 

Scoita possibly? Is the only shop in Toronto who looks at Grads vs Undergrads different. Including how they pay them. Most other shops don't give a shit. Everyone begins as an analyst/associate, paid the same, same program.

So yes for Summer and FT, be it TD/RBC/BMO/Deutsche/National/GMP as a undergrad you will be competing with older folks. That said not like an MFE is going to be way better than any undergrad anyways, maybe for a couple specific desks in general though star undergrads beat out the older people.

 
marcellus_wallace:
Scoita possibly? Is the only shop in Toronto who looks at Grads vs Undergrads different. Including how they pay them. Most other shops don't give a shit. Everyone begins as an analyst/associate, paid the same, same program.

So yes for Summer and FT, be it TD/RBC/BMO/Deutsche/National/GMP as a undergrad you will be competing with older folks. That said not like an MFE is going to be way better than any undergrad anyways, maybe for a couple specific desks in general though star undergrads beat out the older people.

Would you happen to have any info on Scotia Mocatta's prop desk? It seems they shut the entire desk down last year, which seems unusual given that Scotia Mocatta is one of the largest players in the precious metals market.

 

this is completely inaccurate for NY. My friend interviewed for Global Markets SA last summer.

Said interview was 100% fit, no technicals, nothing. More like a bunch of casual conversations. And yes he got an offer. Also NY does NOT take MFEs or MBAs, only juniors.

 
TheGPAPolice:
this is completely inaccurate for NY. My friend interviewed for Global Markets SA last summer.

Said interview was 100% fit, no technicals, nothing. More like a bunch of casual conversations. And yes he got an offer. Also NY does NOT take MFEs or MBAs, only juniors.

My bad, I forgot to specify that this was exclusively for Toronto. RBC NY is even better because you have the Global Arbitrage prop desk (doesn't exist in TO).

 
Macro Arbitrage:
TheGPAPolice:
this is completely inaccurate for NY. My friend interviewed for Global Markets SA last summer.

Said interview was 100% fit, no technicals, nothing. More like a bunch of casual conversations. And yes he got an offer. Also NY does NOT take MFEs or MBAs, only juniors.

My bad, I forgot to specify that this was exclusively for Toronto. RBC NY is even better because you have the Global Arbitrage prop desk (doesn't exist in TO).

that's good to hear, now i can somewhat sleep better at night.

 
Macro <span class=keyword_link><a href=/resources/skills/trading-investing/arbitrage target=_blank>Arbitrage</a></span>:
My bad, I forgot to specify that this was exclusively for Toronto. RBC NY is even better because you have the Global Arbitrage prop desk (doesn't exist in TO).

for new york, their prop desk is extremely legit, and obviously hard to get into (would be surprised if they even take out of undergrad)

don't know anything about typical (non-prop) s&t though, can't imagine its nearly as selective as in canada

 
futuretrader1999:
provide some color

this makes me want to rip out my eye balls and trow them in a tar pit.

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