RBC PU&I Review?

Hi Everyone, 

Just wondering if anyone has any insight on RBC's PU&I group? I have heard they are pretty good, but also see them posting the analyst role literally every 30 days...What is going on over there? Are people lateralling to better opps after a couple months or are they just flat out quitting?

Any insight into the group (exits, hours, pay, culture) would be much appreciated.

Thank you

Comments (9)

  • Analyst 1 in PE - Other
Dec 1, 2021 - 2:18pm

Bump, I've heard they're one of the best groups on the street but from what I've gathered it seems like everyone is getting slammed that stayed.

Would be curious to hear from someone who knows more!

  • Analyst 1 in IB - Gen
Dec 1, 2021 - 2:25pm

Yeah absolutely - definitely want to hear from someone in the bank or who was there. I spoke with an analyst in the industrials group and he told me that the PU&I team is really good, but the problem is compensation. 

I also have the feeling since the RE team has a strong relationship with Brookfield, the PU&I guys get some room do do deals with BAM's Infra arm. Doing a quick LinkedIn search, some people (M&A, RE) have gone to GIP, BX, BAM. Still can't find particular PU&I exits though... It seems like culture may be an issue or people just getting worked to the bone. 

  • Analyst 1 in PE - Other
Dec 1, 2021 - 2:32pm

I read from somewhere else on WSO that PUI might just lack analysts right now. I wonder if that'll ever change. Exit OPs for PUI are Infra funds normally. Same here though I haven't seen any news on where these analysts have gone after leaving. I've heard the comp was good, both bases and bonuses were decent, definitely want to know because I was considering hoping over, but if they're being underpaid for the amount of work then it probably isn't worth it

  • Analyst 1 in IB - Gen
Dec 1, 2021 - 2:38pm

From my conversation with an analyst there, he said "I don't get paid enough for what I do, it's Sunday at 9pm and I just finished, this is pretty normal". I have also heard that bonuses are paid in the same buckets, i.e the healthcare people who get off a lot earlier are paid the same as PUI, M&A, RE etc... 

  • Analyst 1 in PE - Other
Dec 1, 2021 - 5:52pm

Ooof fair point. I think they recently gave out bonuses has the analyst you know said anything about it? Hopefully, someone responds to this thread soon it seems like there are mixed sentiments at the firm.

  • Analyst 1 in IB - Gen
Dec 1, 2021 - 6:51pm

It's honestly a pretty good spot, especially if you want to jump ship in a couple months and go to a bigger bank. Or you can stay for a year and try your hand at a solid fund. One guy from M&A went to Pine Island Capital Partners (Elite - started by former CEO of BofA), 2 people at BX, a bunch at BAM, 1 a GIP, Point72 etc... The opportunity is there, I've also heard that PUI consistently places at mega funds.

  • Analyst 1 in PE - Other
Dec 1, 2021 - 7:55pm

I wonder how many people stay to be career bankers from the group

  • Analyst 1 in IB - Gen
Dec 1, 2021 - 7:56pm

They're attracting some really solid leadership, it will be a great franchise in the future. 

Mar 27, 2022 - 10:09am
investrenew, what's your opinion? Comment below:

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