RBC exits?
What do exits look like for the top groups? For the more average groups? Would love to gain any insight on this.
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I'm an intern so take this with a grain of salt but Linkedin shows a good amount of solid MMs like Accel-KKR and H.I.G and several others. There seems to be some UMMs and an occasional MF especially in some of the stronger groups.
Mostly MM with a rare UMM. No MF's unless very rare case, you don't get HH MF outreach and the people who get it either have connections or get strong MD or partner referrals to enter those processes. Even for UMM you barely get interviews and most analysts even at the top groups get none. RBC is doing well as a firm but unfortunately, headhunters seemingly don't care much and would just rather recruit out of BB/EB's. Source : Was at RBC at a "top group"
Thank you for your input. What are you doing now that you’ve exited?
MM PE at a firm that I found interesting/was interested in their strategy in. The nice part of going for MM's is that more exist so you can be more picky (if you're in a group that gets basically all MM looks, which RBC top groups are).
do most analysts in a cohort tend to stay 2 years for UMM?
in the past - a large part of the cohort would lateral out to good BBs / EBs
How far in the past? The firm is growing and getting more traction now so I’m wondering if headhunters will start looking closer? Could be wrong idk
Building has many exits, use stairs for emergency
Not great. If you do decide to waste your time here, be sure to end up at a good group (M&A, Pu&I) so you can lateral.
Most people here are looking to leave.
Wouldn’t recommend.
What group r u in
Not going to dox myself. But if you aren’t in one of those two groups (maybe with the exception of Industrials) it’s rlly not worth it.
Look at other banks. Most of the time RBC ends up on a mega deal they don’t do anything on it.
Not going to RBC, but aren't their FSG and LevFin very strong as well?
Ignore the title, I work at RBC as an analyst, and am going through PE recruiting right now with other analysts at RBC.
No, RBC LevFin and FSG are not particularly strong. The clear top groups at the firm are M&A and PU&I, though both are known for brutal culture, poor work-life balance, and long hours. FIG and Industrials follow closely behind, but they also come with intense workloads and almost equally challenging team dynamics.
When it comes to exits, everything at RBC is some variation of MM PE or lateraling, except for PU&I, which can be placed into UMM infrastructure funds. The real difference in exits comes down to the caliber of MM firms you get outreach from, the top groups get outreach and opportunities across the full MM spectrum, while the average or weaker groups mainly see interest from smaller MM firms. This is on average, but think like top groups = outreach from the $1-5Bn fund size MM firms whilst the worse groups do not get that and only get $1-3Bn fund size outreach.
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