The Royal Bank of Canada, commonly known as RBC, was founded in the 1800s. It’s a multinational financial services company headquartered in Toronto, Canada. Today, RBC has grown to become the largest bank in Canada based on market capitalization or market cap.
RBC currently provides services in five divisions. When applying to them for a finance role, you’ll likely have to choose one of these divisions when completing the application. The divisions are as follows:
- Personal and Commercial Banking
- Wealth Management
- Investor and Treasury Services
- Capital Markets
- Insurance
The hiring process at RBC is similar to other financial services companies. There are three stages in the process:
1. Application
Here you’ll upload your resumé and a cover letter, which is optional.
2. Online Assessments
These are a series of numerical and verbal tests to determine your strengths.
3. Interview
This can be done in person or on the phone, consisting of technical and behavioral questions.
How do I Prepare for an RBC interview?
Ideally, the best way to prepare for any interview is to practice and brush up on your skills and abilities. However, some other things can be done, which don’t include studying.
RBC has shared some of their best interview tips, including the following. If you want, you can read more on their website here.
- Don’t feel you have to keep your resume to just one page.
- Do your research.
- Bring more than just your resume.
- Keep the job description handy.
- Be clear and concise with your answers.
- Always overdress for your interview.
- Don’t forget to smile.
- Ask your questions.
- Put a positive spin on your “biggest weakness.”
- End on a strong note.
In addition to the advice given by RBC, the following sections will discuss some other things you can do to increase your hiring potential and stand out during the interview process.
Research The Company
An important factor for the interviewer is that the candidate fits the corporate environment and aligns with the firm’s values. They want to see that the candidate is someone who represents these traits.
To stand out, you should present yourself as RBC’s ideal candidate. The best way to do this is by researching the company to know what they’re looking for. This information can best be found in the website's Purpose, Vision, and Values section.
Additionally, knowing this information about RBC can help you when asked questions about the firm. Some questions you can expect are:
1. Why do you want to work at RBC?
2. Tell us about a recent achievement of RBC.
3. What else do you know about our company?
4. How will you provide value to the firm?
5. Are you comfortable working with the corporate culture at RBC?
Be Prepared To Ask Questions
The final stage at RBC is the interview round, where the interviewer gets to know you better. Also, it’s where you get to know the company better and determine what they offer.
Be prepared to ask some questions at the end of the interview. Your questions can range from a variety of topics. This includes the company, the position you’re applying for, and the work environment. Some examples of questions that you can ask are:
1. How is success measured in this role?
2. What are the primary responsibilities of this role?
3. How would you describe the ideal candidate?
4. If hired, what tasks would I be working on?
5. Can you describe a typical day working in this position?
Your interviewer will be impressed by showing up to the interview prepared with some questions to ask. This is because asking questions shows interest in the role and the company.
Practice Interviews and Study
In theory, the behavioral interview sounds pretty simple; the interviewer asks you a series of questions about yourself. It seems simple enough. But it’s not.
The answers to the behavioral questions require significant thought behind them, and you should always try to prepare for future questions. Try reading the behavioral questions with a friend to help build your confidence when answering.
While practicing for the behavioral questions is important, you should also prepare for the technical ones. In most cases, you won’t be given a lot of time to provide the answers and so it is advised that you study and practice.
For the technical questions, you’re going to have to do the following:
- Give a formula
- Solve for an unknown
- Provide a definition
Since you don’t have endless time to answer, you should have a study plan to answer these questions accurately and swiftly.
Royal Bank Of Canada RBC Interview Questions And Answers
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