RBC M&A (NYC)
Anyone have insight into RBC's M&A group located in NY? Any information about their hiring process (AN/ASO level), culture, hours, etc. would be greatly appreciated.
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Extremely sweaty, 90-95-hour work weeks are the average, and 100+ hour work weeks are commonplace as well. Heard a few of the analysts leave for some other firm in a year (maybe less now since the market sucks), and none stay longer than 2 years. Some toxic mid-levels, but I haven't heard anything particularly erroneous for the seniors directly. Exits are to MM firms with the possibility of a truly rare, smaller UMM firm. As for hiring, they are always hiring because of the aforementioned lack of retention; a few analysts also just burn out every year, so some leave even if no lateralizing. RBC PU&I and M&A are just horrible places to work culturally and WLB-wise, but you will get some deal experience.
https://www.wallstreetoasis.com/forum/investment-banking/do-not-believe-the-rbc-nice-lie I think this post by someone in one of those two groups seems pretty reflective of the culture there/why so many analysts seem to crash out while in that group.
Appreciate the insight! Not surprised seems M&A groups are pretty sweaty across the board
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