Rbc hate
Why do ppl hate on RBC? I am seeings how it may be the worst investment bank to work for. Just curious.
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Not sure where you are seeing this hate. Most people on WSO consider RBC a top BB alongside the likes of GS, MS, and JPM.
del
no no he has claibre catlents oftr the big
one day we will all see and you will be like why is this happening to us 
but no no no you keep it going with the big banks like rbc, itis top bank
Congrats on GS/MS
RBC M&A > POTUS in my humble opinion
RBC M&A > Seal Team 6 in my also humble opinion. Unparalleled experience.
horrible shitpost
RBC is a great bank. They've poached a ton of rainmakers recently and it really punches above its weight and manages to compete with the likes of Natixis/BMO/Credit Agricole
great observation. i believe thats why they are known as an "elite bulge bracket boutique"
The only metrics on which RBC is close to being a BB is that its office is right next to GS.
RBC will never be a BB
They got top exits to cvp
RBC is the first ever Elite Bulge Bracket Boutique (EBBB) that revolutionized using its balance sheet in RX transactions which allowed to wipe the floor against PJT RSSG all while maintaining a monster M&A group. It competes with the likes of only the top EBBBS (BNP Paribas, MUFG, Credit Agricole Miller Buckfire (RX side)).
The hatred is coming from a place of jealousy and fear. Last year, RBC launched their Elite Boutique Bulge Bracket (“EBBB”) strategy. Ever since they’ve been punching up to the detriment of financial services competitors, with the poaching of major rainmakers enabling them to advise on selected marquee transactions including sell-side advisor on the sale of Royal Bank Plaza and buy-side on the sale of HSBC’s Canadian operations.
Pretty sure TD has surpassed RBC in the US with Cowen now. The days are dark for RBC’s future.
Congrats on TD Cowen. They acquired them a while ago and are still stuck at around number 25 on league tables, RBC is roughly number 10
Imagine stumbling on this thread day 1 of downloading this app
yeah it be a crazy experience
For you young bucks, important to know the only firm that could compete with RBC way back in the day was RBA (Royal Bank of America). Unfortunately they were over levered and exposed too much during the war of 1812 (in 1812). At that point, RBC bought their assets for pennies on the dollar (Rothschild’s sovereign and debt advisory teams advised on this - my great great great uncle, Mayer Amschel Rothschild was an MD on this) and RBC has since emerged as an EBBB over the centuries, along the likes of BMO M&M, MUFG, Credit Agricole, PJT RSSG and Left Lane Associates.
I used to live on the 18th floor of a building, in an apartment 1812. The whole time I lived there, my dark side secretly hoped that the couple on the other side of the wall would have some big blowout argument so that I could make “War of 1812” jokes. For better or worse, it never happened.
Side note people should stop hyping up their banks on here otherwise they'll get turned into a meme (see RBC/Natixis)
Did they shut down their LA office?
RBC is the only bank that FTP truly fears. ($140k as an1 btw)
When we bake off against RBC you could easily compare it to Tyson vs Holyfield, Mayweather vs Pacquiao, or Ali vs Frazier - you get the picture. Two industry juggernauts plowing through everything in their path, making the competition cower in terror as they rake in M&A (def not mostly financing) fees.
RBC is a force to be reckoned with and I would literally kneel on the street to anyone who works there.
I work at RBC and HSBC was a terrible acquisition.
I've worked for RBC a lot longer than you have and have hundreds of K in deferred revenue from both the US and Canada platforms. RBC had a solid beat this quarter, in part based on the HSBC acquisition - which most analysts laud - so what's your basis again? or are you just reading the tea leaves of your upcoming year-end review in advance?
Mainly internally watching how things play out. I can't say more here obviously but I worked on the deal. Also, CM is mainly run out Canada still, especially with the management restructuring.
Its not because they overpaid it was a bad deal... You clearly haven't talked to the right people
not sure who the 'right people' are - apparently the bank research analysts aren't - but I'm a pretty simple guy and I've seen my RY stock beat the S&P by a double-digit percentage over the last year and YTD so that works for me.
i work at rbc and it sucks here for most people. the politics are far more than a BB
Can you elaborate please? Is this the NY office?
What group?
RBC —> CVP is the biggest reason to hate
As long as you're not in the Calgary office RBC is great! ifykyk......
care to elaborate?
No
Toronto is slowly becoming Calgary but NY is protected by a border.
wdym its becoming calgary
Alot of teams are becoming toxic these days. And Hsbc people hate it at rbc and prefer their culture and how things were before the acquisition
harvard --> gs --> blackatone --> rbc as you see not many accomplish to do the jump from BX to RBC, so assume that 70% of BX guys failed to move to rbc
At what point can we just blame Canada?
I work at RBC and nowhere near as bad as ppl say. Are we a BB? No. Do I care? Not really. At this point prob better place to be than Barclays & DB.
Keep telling yourself that, rookie
I do not think so it is a nice place to work
***
RBC Calgary I heard is a super place to work
Coming out of school I had various compelling full-time offers on the table, including but not limited to 1) crown prince of middle eastern nation, 2) NFL player, and 3) investment banking analyst at RBC. It was a hard decision but at the end of the day joining RBC as it built out its Elite Bulge Bracket Boutique (“EBBB”) strategy was too good to pass up. After 2 weeks on the desk I can confidently say I made the right decision. I’ve already been staffed on a $50-100M (you read that right, it’s 50-100 *million*) sellside where I handle all investor outreach call scheduling, and I’ve had the chance to open checking accounts and credit cards at comparable prestigious bulge brackets including JP Morgan Chase and Goldman Sachs Apple Card. It feels good to be a winner.
Still waiting for the schmuck to write RBC is paradise
It doesn’t get more prestigious than being a Royal Bank. Royal Bank of Scotland is another Super Bulge Bracket.
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