RBC Real Estate IB (NY)
Does anyone know anything about this group? Why are they always hiring? Heard they layed off people in their team recently too.
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Based on the most helpful WSO content, RBC's Real Estate Investment Banking (IB) group in New York has been a topic of discussion. While specific details about recent layoffs or constant hiring aren't explicitly mentioned, RBC has faced challenges in certain areas. For example, RBC Calgary has been criticized for its culture, leading to a mass exodus of talent. Similarly, RBC's broader efforts to establish itself as a top-tier player in investment banking have been met with mixed results, with some volatility in earnings and high costs associated with their push.
If the New York Real Estate IB group is frequently hiring, it could be due to turnover, team restructuring, or efforts to expand their presence in the U.S. market. However, without direct confirmation of layoffs or specific reasons for hiring, it's hard to pinpoint the exact cause.
Sources: RBC Capital Markets.. Real Opinions?, RBC Calgary Mass Exodus, The rise of RBC Capital Markets, Real Estate Investment Banking, RBC committed to keeping 1,400 student summer jobs
Avoid like the plague, extremely high turnover for a reason.
What is wrong with the group? I thought Canadians are nice and friendly?
The group barely has Canadians lol. Toxic culture carried by many in the group makes it insufferable
Is there any news on the layoffs? Also is the team Americans then?
There's maybe a handful of Canadians but mostly Americans. Heard recent round of layoffs included H1Bs across the firm, not sure about this group tho.
I worked at RBC - not a good group tbh. Healthcare, RE, PU&I, and M&A had INSANE turnover, but the former 2 didn't even have great deal flow, at least in the latter 2 you'll get some good deal reps.
Aboid toxic culture all around. Highest face time culture at the bank (more than industrials).
Is the toxicity from the MDs or VPs? I thought this team did deals from what has been announced
Toxic culture and no deal flow, take if it’s your only option.
Only go here if you have no other option or want to kys
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