RBC Royal Bank of Canada Salaries

10 total salary submissions

3.3
Avg. Hours Worked (94%)

The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company.

The number you see in the middle of the doughnut pie chart is the adjusted average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each workload given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

58.7
  • 10-20 Hours
  • 20-30 Hours
  • 30-40 Hours
  • 40-50 Hours
  • 50-60 Hours
  • 60-70 Hours
  • 70-80 Hours
  • 80-90 Hours
  • Over 90 Hours
Relative Compensation (93%)

The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay.

The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

3.2
  • 1 Star
  • 2 Stars
  • 3 Stars
  • 4 Stars
  • 5 Stars

Average RBC Royal Bank of Canada Salary

Total Median Pay

$85,000

Median Base Pay

$85,000

Median Bonus Pay

$0

How much does RBC Royal Bank of Canada pay?

Base range: $49,000 - $128,989

For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.

Bonus range: $0 - $0

RBC Royal Bank of Canada pays an average salary of $85,000 per year. This base compensation is the equivalent of $43 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at RBC Royal Bank of Canada based on our data is actually 59 hours, which would bring down the true effective hourly rate to $30 on average. If you include the average bonus of $0, then the total average pay at RBC Royal Bank of Canada would be $85,000 per year or $30 per hour at the 59 hour work week.

There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. RBC Royal Bank of Canada pays the highest-paid employees over $170,000 a year, while the lowest-paid employees are paid less than $70,000. RBC Royal Bank of Canada employees in different groups or divisions tend to have different salaries as well.For example, employees in the Financial Services sector earn an average yearly salary of $150,000.While employees in the Operations sector earn an average yearly salary of $55,000. Additionally, geographic location can impact the compensation for employees at RBC Royal Bank of Canada as well. Based on the WSO data, RBC Royal Bank of Canada employees in New York and Toronto get paid the most.

Filter RBC Royal Bank of Canada Compensation by Position, Location and/or Division

Highest Paying Jobs at RBC Royal Bank of Canada

YearPositionLocationGroup/DivisionPay Rate/TypeBonus
2022DirectorNew YorkCapital Markets
2010Associate (3rd Year)New YorkGlobal Investment Banking
2019Associate New YorkTechnology, Media and Telecom (TMT)
2011DirectorNew YorkFixed Income and Currencies (FICC)
2020VpNew yorkDebt Capital Markets
2015Vice PresidentNew YorkRisk Management
2017AssociateNew YorkHealthcare
2018AssociateNew YorkInvestment Banking
2013Investment Banking - Associate 1HoustonOil and Gas
2012AssociateNew YorkInvestment Banking

Average Pay by City for RBC Royal Bank of Canada

Below we use 10 salary submissions to order the is the total average compensation by city for RBC Royal Bank of Canada. Cost of living across the world varies a lot, so this data gives you a sense if there are significant adjustments for higher cost of living. Looking at the WSO data, the city with the highest average salary is New York, where employees earn an average salary of $126,000.

Salaries by Location at RBC Royal Bank of Canada

RankCityTotal pay RangeRange of $/hr
1New York$80,000 - $155,000$40/hr - $78/hr
2Toronto$56,500 - $104,000$28/hr - $52/hr
Average rate per hour is calculated based on 40hr week or 2,000hr year.

RBC Royal Bank of Canada Salaries by Department

Salaries at RBC Royal Bank of Canada depend on the group, division, department or function. Employees who work in the Financial Services group tend to get paid the most at at RBC Royal Bank of Canada, earning an average yearly salary of $150,000. Employees in the Technology receive relatively high salaries as well, where wages average $135,000 per year. A division that does not pay as well at RBC Royal Bank of Canada includes the Operations group, with employees earning $55,000 on average.

RankDepartmentAverage PayAverage Hourly Pay
1Financial Services$150,000$75/hr
2Technology$135,000$68/hr
3Investment Banking$132,500$66/hr
4Na$121,233$61/hr
5Capital Markets$120,000$60/hr
6Public Finance$100,000$50/hr
7Debt Capital Markets$95,000$48/hr
8Equity Research$92,500$46/hr
9Generalist$90,000$45/hr
10Commercial Banking$87,500$44/hr
Average rate per hour is calculated based on 40hr week or 2,000hr year.

Recently Added RBC Royal Bank of Canada Salaries

YearPositionLocationGroup/DivisionPay Rate/TypeBonus
2022Summer AnalystDallasMergers and Acquisitions
2023Investment Banking Summer AnalystNew YorkGeneralist
2022DirectorNew YorkCapital Markets
2021Trading InternNew YorkQuantitative Research
2022AssociateNew YorkMergers and Acquisitions

Total Avg Compensation

June 2023 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (52) $265
  • Vice President (46) $244
  • Engagement Manager (92) $222
  • Manager (147) $168
  • 2nd Year Associate (152) $139
  • 3rd+ Year Associate (108) $130
  • Senior Consultant (317) $129
  • Consultant (571) $119
  • 1st Year Associate (522) $118
  • Engineer (6) $114
  • 3rd+ Year Analyst (139) $113
  • NA (13) $110
  • 2nd Year Analyst (311) $101
  • Associate Consultant (161) $97
  • 1st Year Analyst (994) $86
  • Intern/Summer Associate (175) $85
  • Intern/Summer Analyst (490) $67