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Career Resources
Based on the most helpful WSO content, the top FIG groups on the street include:
These groups are highly regarded for their deal flow, prestige, and exit opportunities. While RBC FIG is strong, these options are also worth considering.
Sources: Best Groups at BBs, Best Banks for certain Groups Ranking, Best Investment Banks for FIG (Financial Institutions Group), What are the best groups for JPM?, UPDATED (08/24/21) Top Groups on Wall Street, Working in FIG (Financial Institutions Group) - An Overview.
lol the group head is a dick and actually evil and has a penchant for screwing people over
How so?
thats messed up
Heard some horrendous stuff about RBC FIG. A lot of CS/UBS Insurance team left for RBC and have heard it's somehow even worse at RBC than CS when it was collapsing and UBS right after the merger, which is impressive given RBC isn't going through any similar kind of radical change. Heard the bank's team is full of terrible people, and the group culture is somehow even worse than the other two.
Not the entire UBS insurance team. Just two gullible juniors who left for RBC FIG. The group head has a reputation for being slimy so I he probably told them something untrue for them to go there. Banks is actually okay culture wise I heard just a lot of incompetent legacy people from DB. Apparently they haven’t done anything since 2019 and the whole group just evaporated recently and they tried to rebuild the group by poaching people from some LMM firms in Tier 3 cities. Across the board hours are terrible. Constant 3am 4 am on pitches and discussion materials.
Sorry, that was very badly worded. Edited to better reflect what I meant. More so, referring to ex-CS seniors who have left for RBC and comparing that to UBS people. Banks does not have an okay culture; some of the worst people who are/seemingly were, seniors on the street work there. 3 am - 4 am hours for non-live deals in banking are uniquely bad hours, FYI. I didn't even work 3 - 4 am that frequently when I worked at a top 3 BB and we had live deal flow, and it was back in the 2010s.
To be fair some of the CS / UBS laterals are not even that good. There are people who went to other worse Canadian banks like BMO and TD. There’s also a lateral to Piper although consider that to be a little better than RBC. The insurance MDs went to BofA and TD
This is true. I also heard the 2 gullible juniors regret their decision.
.
..
FIG is paradise
Tobin & Co FIG is top of the street. Than RBC FIG than Goldman
I heard they will even give you some goldfish crackers and a lacroix if a deal closes as a reward for your hard work.
I interviewed there a few years back and always got the vibe they were pretty desperate—like they'd take anyone they could get. Didn't really click with anyone I spoke to; they all seemed kinda off. They ended up offering me some stupid “Analyst 0” position, and I was just like, nah, I’m good. Peace.
Don’t really understand why you would expect to work on anything M&A related at RBC, but the group is very strong for DCM. They poached an MD from UBS DCM few years ago.
Congrats on RBC
Someone I know of used to work in that group. Apparently they got crushed as analysts and once they turn associate they would refuse to do any works and just kick the can down the road. It looks like a pretty chill life as an associate until things catch up to you
Created an account just to shit on this group. Heard some horrendous stories about the group from other RBC people and how the group is full of assholes
RBC is extremely good for energy and PUI but mediocre at best for FIG. If you want to do real FIG go to a bulge bracket bank or a specialized boutique like Ardea or KBW
Heard FIG interns always refuse to go back to FIG for full time and always do placement into other groups
Is this specific to RBC or to all banks in general?
PU&I have some crazy people at all levels! FIG might be the worse but PU&I isn’t far behind. Tho I see and overhear some funny things sometimes. Like one of the ANL sitting with a DOG at the desk or roaming around in the pit late at night…
I just want to say despite all the negative comments there are even crazier things I heard about this group. I just want to say those people are trash and soulless and karma will hit them back
What happened?
The only positive thing about RBC FIG is that it makes you're other friends doing IB feel better about themselves when they talk to you because at least they are not working at RBC FIG.
Can any interns chime in on their experience so far? I heard only 2 interns are returning full-time this year. Sounds concerning…
Jeez, 2 out of how many total interns?
11 in the last class. If I recall correctly, only 9 got offers. So only 2 accepted and returned.
RBC FIG is the only FIG group that isn’t paradise
If pulling all-nighters is expected, might as well be at GS. RBC may not have the flashiest pedigree, but it offers job safety and stability to a lot of people, especially compared to firms with frequent layoffs. Sometimes having room to grow without burning out matters more than just the name on the resume
Keep coping. RBC FIG may not be ‘paradise’—but at least it’s not built on false prestige and zero deal flow. Some of us came to build, not ride coattails
Sure, RBC isn’t the most prestigious name — yet. But you get room to build, real ownership, and for many at RBC, immigration flexibility matters too. Not everything’s about the brand name and deal flow
we all know how hard it is for non-targets to get offers, dw we're not blaming you for taking this offer over the fp&a role that was your next best option
RBC FIG is top of street for how salty the second years who get pushed out are!
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Didn’t 2 bank seniors here just quit and go to other firms, what happened???
In FIG? Or PU&I?
FIG RBC - one left for evercore and another left for UBS - MD/director level
RBC only compares itself to other Canadian banks, so by that score they are tops
Is this all in reference to RBC FIG Toronto office?
NY
Curious to know how RBC is perceived in the US
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