Hi guys, does anyone have info on the Global Credit team in Toronto and what it is they specifically do vs trad Corporate Banking.
Also saw some posts from current freshmen announcing a summer internship there for 1st year summer with no relevant experience, what's up with that?
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Based on the most helpful WSO content, RBC Capital Markets' Global Credit team in Toronto likely focuses on providing credit solutions that go beyond traditional corporate banking. While corporate banking typically involves offering loans, revolvers, and other financing products to corporations, the Global Credit team may handle more complex credit structures, higher-yield debt products, and potentially support leveraged finance or other specialized credit solutions. RBC's strong corporate banking presence in the U.S. and Canada often complements their ability to extend financing and win deals.
As for the summer internships for freshmen with no relevant experience, RBC has been known to make significant recruiting pushes, often targeting candidates early in their academic careers. This strategy allows them to secure talent before other banks begin their processes. They may prioritize candidates who show strong potential, even if they lack direct experience, as part of their broader recruitment efforts.
Sources: RBC Capital Markets.. Real Opinions?, RBC IBD - What is it and where is this group headed?, BofA Wholsale Credit vs Credit Risk, RBC committed to keeping 1,400 student summer jobs, The rise of RBC Capital Markets
Global credit at RBC is like the closest division possible to FO Corp banking while not technically being FO. They get a great base (~90k ish) for a non FO role but I’ve heard they usually get way less bonus. Way more credit portfolio management and annual review of loans originated by the actual corp banking team. At some banks they’d even lump this in as CB (ie scotias CAG) but RBC seems to do whatever they can to not call people bankers to get away with paying them less.
Great role for internship and build credit fundamentals but probably seen as a stepping stone to FO by most
Interesting, thanks for the info. Do you know if its the pipeline for RBC CB similar to CAG at Scotia being a requirement before hopping to FO?
Would you have any numbers on comp as well for the Corporate Client Group Multinationals team and how that compares to Global Credit?
Hey, so with CAG, most people will still consider them “corporate bankers”, since it’s a required step to join the FO team. I would say only a small insignificant amount of people decide to stay in CAG.
With Global Credit, there are only like 1 or 2 teams out of around 10(?) that are directly applicable to become a corporate banker. It’s not a direct step to corporate banking and a lot of people tend to stay long term due to the work life balance. Most of the juniors dream of making it to corporate banking however.
I’m also pretty sure Global Credit pays more than CCG’s FO teams from what I’ve heard.
I interviewed with RBC global credit before and was told analyst base is $75k, this was in 2026 so I’m not sure if they were at $90k base before and somehow reduced it, but just wanted to get this data point out there
Interesting, thanks for the info
Better off going to commercial banking & stacking actual deal reps imo
That's what I was thinking, is Corporate Client Group 2nd year summer and then Cap Markets Corp Banking for 3rd year possible? I haven't seen a post by RBC for CB SA27?
RBC doesn’t hire Summer Analysts for Corporate Banking or off-cycle roles, only Global Credit Interns.
I’d suggest looking into other platforms
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