Consensus opinion on RBC

I was curious as to what the general consensus on Wall Street is about RBC NY office. This is obviously a pretty big question to answer, but I'm more so interested in:

- Examples of comparable peers

- Analyst comp 

- Exit opps

- Any other general comments about reputation

I'd greatly appreciate any insight anyone may have on this, thanks in advance!

13 Comments
 

MM PE is typically the exit just to varying tiers of MM firms. Very few people will get UMM/MF seats, maybe 1 for each analyst class, and at most 2. Pretty good corp dev exits and stuff. It's ultimately still a top tier MM, but not a BB/EB.

 

Could you elaborate on the DEI thing and how you lateraled? Salary based off diversity status is crazy lmao

 
Most Helpful

To answer your questions:

  • Tough to actually give you a peer set in terms of how similar the work is when compared to other banks. RBC is very group dependent with some groups working on larger deals and others more focused on the middle market. Note that it's most likely similar to other large banks that win business with their balance sheet, but haven't historically been a heavyweight in pure M&A advisory (TD, Wells, HSBC are just a few that come to mind)
  • Analyst base comp for AN1 / AN2 / AN3 is $110k / $125k / $135k; bonuses have been fairly flat between buckets at the analyst level over the last few years. 
  • Exit opps are group dependent. Notably, people within the M&A and PU&I groups have had solid exits historically. You can exit from other groups as well, you may just need to be a bit more proactive about your search process.
 

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