Is RBC barely even a MM bank?
Looking at the types of deals they do, pretty much everything is capital raises with almost no actual M&A. Does RBC even classify as a MM bank? Couple buddies and I were debating this, most would rather pick Jefferies or William Blair over RBC. Exits from RBC are supposed to be incredibly crappy as well
Nobody:
Absolutely No one:
Not a single individual in the finance industry:
Prospect: Here is what I think about RBC...
dude still out here with the No one: memes
And?
Not even your grandmother who doesn't know anything about finance and is unsure about what you do:
lmao
Literally talked to a guy at Barclays the other day and he said RBC was a great bank. Get offers before being incredibly picky
Update: talked to a guy at Lazard too the other day and he likewise said RBC was a great bank.
.
Another day at WSO another prospect talking shit about a bank they don't have an offer for
Stop it with this RBC nonsense already!!!!!! This is the only thing I’ve seen in the past 2 months!!
Patrick, please these restrict kids from posting!!!
RBC is a good bank. However, I'd definitely choose Jefferies (and probably WB) over RBC. This forum hypes up RBC way too much; in reality, bonuses are low (even non-existent for associates) and the M&A mandates are deceiving. RBC will only be included on a deal for financing or to provide a fairness opinion. It will always be accompanied by a boutique
I'm not sure the MM wants to be associated with RBC...
...in all seriousness, it's quite a reputable platform as others have said
Yes, RBC is not a MM bank.
RBC is a BB
RB is a BBC
Is DB a BB? Is UBS a BB? Is WF a BB?
Such discussions are way too toxic and stupid.
Facts. Just look it up if you're curious.
No Yes Of course - without a doubt
As Ole Anderson says, the only thing that matters is if you draw money. A bulge bracket Bank was labeled as such in the old days because those lead lefts drew the most money based on the way the economics of the industry worked in the old days. Now a bulge bracket means someone who lends money at libor plus 15 basis points in exchange for pretending they give mergers and acquisitions advice.
If you are earning money without whoring out the shareholders money, you will make money as an individual. That’s what important, not league tables or bullshit.
A bank isn’t considered MM because a bunch of college students want to work there, it’s based on deal size only! And with that RBC is easily a MM firm and competes with BBs on some deals. RBC advised on the BB&T Suntrust merger. That’s the biggest bank deal since the crisis and bigger than anything WB works on.
This was a stupid post but for some reason I felt inclined to bite.
I'm more concerned about the fact that OP is talking about this stuff in real life
RBC is the only canadian bank with any power
Is that what makes them Royal?
OP 3 years ago: tries to recruit at RBC and fails to convert an offer OP today: yeah haha RBC sucks anyways haha
A story as old as time. However I do respect people who worked there and say its shit.
I don't think RBC is a good career choice for anyone looking to go into finance at all, from what I've heard. With the lack of deal flow they have, it's probably likely they go bankrupt in the coming recession.
Also, I think your point about exit ops is true too. My brother's girlfriend knows someone working at RBC who got blacklisted from every PE firm across the street. I would stay as far away from that bank as possible
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