Folks - my baby brother studying in London is deciding between 3 energy shops in Calgary (TPH, TD and RBC). Any recent insights on their culture will be appreciated?
Trending Content - Investment Banking Forum
| +130 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 5h |
| +102 | Americas M&A League Table Q2 Updated | 49 | 6m |
| +73 | Wealthy Parents / Jaded | 24 | 1d |
| +58 | How are hours rn for SA (interns) | 31 | 20h |
| +54 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 11 | 19h |
| +49 | Venezuela Debt Restructuring - LAZ vs CVP | 22 | 1d |
| +42 | Boutique firm wants access to my LinkedIn? | 34 | 17h |
| +33 | Investment Banking in Mexico | 9 | 21h |
| +28 | MM bottom bucket bonus | 9 | 4d |
| +26 | Investment Banking is Hard | 11 | 15m |
Career Resources
I had IB offers from a few shops in Calgary but am working in Toronto due to family reasons so perhaps I can provide some brief insight. RBC is king in Calgary in terms of experience and deal flow, but the culture is horrible. There's literally a 300 comment thread on here that you can read about all the stuff that goes down there but some of the first/second hand stories I've heard are even worse. However, I also heard that they are now trying to clean up the culture but its still a major sweatshop.
TD is more chill but still has decent deal flow. Seems to have one of the best work life balances of all Canadian banks. Also heard good things about TPH given that they are now under the PWP umbrella and I know they recruit super early.
The culture at RBC has not changed and it will never change until there is a complete overhaul/restructuring of leadership. Any “attempts” to change the culture are for optics only. The level of turnover by experienced staff over the last 3-4 years has been astronomical because the culture remains toxic/abusive, seniors are fucking insane and the hours are 24/7. Things just keep on getting worse because the office is now filled with a bunch of inexperienced juniors who don’t know what the fuck is going on with no one experienced to teach them. It’s a shit show. Everyone is just trying to survive until they can exit after bonus season or the job market shifts. Tell your bro to apply to TD or TPH. Both are good options.
Pretty long way for RBC to go from 'we're hiring to replace our associate who's in prison for sexual assault' to 'this is a great place to work'
Good point. The sexual assault charges were completely hushed. Staff were told not to talk about it whatsoever with anyone including family. The matter was not handled well. A VP was also fired related to the charges and staff were told not to talk.
the classic 'sweeping bad culture under the rug is the same thing as having good culture'
Inventore corrupti consectetur ducimus eum ea quas. Eveniet ad assumenda et veniam et.
Ratione dolorem fugit rerum nobis aspernatur laudantium. Suscipit numquam illo delectus dolores non nobis. Et perspiciatis dolorum et eos omnis. Omnis ut id quo est non. Vero recusandae omnis tempore nisi.
Est unde iure soluta sed non culpa hic id. Excepturi ipsam et voluptatem non. Error ex sit expedita quis ad dicta quis est. Ipsa ut corporis quae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...