RBC Capital Markets.. Real Opinions?

Been extremely impressed with them in recent years. I remember in college, RBC would always come on campus first and try to finish their interviews before many of other banks even started coffee chats. Much of that was to front run the process and exchange a "guarantee" for a broader selection of candidates. It's a unspoken truth that some people just want to get recruiting done with, even if they "could" wait and potentially do better. Perhaps that is paying off but I think a lot has to do with their ability to take on leverage and get on deals by their willingness to extend financing.

RBC has one of the largest and strongest corporate banking teams in the US. CB gets a lot of shit of they help the other teams get past the hump and win/get on deals. They extend out really low margin revolvers and can finance higher yield debt products at lower rates than traditional US banks which are subject to stress testing and thereby require more collateral or yield. As of now, RBC still isn't known to be "lead" on any deals but I can see that changing as they build a stronger network of clients over time, much like the traditional BB's. 

The one very notable downside will be pay. It's an inescapable reality that foreign banks (Japanese, Canadian, French) will pay lower than their American peers (and select European banks like Barclays, CS, etc).