RBC S&T 2025

Based on the most helpful WSO content, here are some insights and tips for preparing for RBC's 2025 Sales & Trading (S&T) in the Toronto office:

Insights:

1. RBC Global Arbitrage & Trading (GAT) Unit:

   • RBC's prop trading desk, known as the Global Arbitrage & Trading (GAT) unit, is highly impressive and profitable.
   • Despite pressures during the financial crisis, RBC retained this group while other Canadian banks offloaded their prop desks.
   • The GAT unit employs a significant number of personnel in Toronto and NYC, possibly in other satellite locations as well.

2. Recruitment and Strategy:

   • RBC has been making a significant recruiting push, especially at top MBA business schools.
   • The bank has a favorable balance sheet compared to its US peers and has seen an upswing in deal activity in sectors like mining and energy.

Tips and Tricks:

1. Understand the Group's Strategies:

   • Familiarize yourself with the types of strategies run by the GAT unit. This could include arbitrage, trading, and other proprietary strategies.

2. Networking:

   • Leverage your network to get insights from current or former employees. This can provide you with a better understanding of the culture and expectations.

3. Technical Preparation:

   • Brush up on your financial modeling skills, especially those relevant to sales and trading.
   • Utilize resources like the WSO Financial Modeling & Valuation Bootcamp to enhance your technical skills.

4. Behavioral Techniques:

   • Prepare for behavioral interview questions by practicing common scenarios and responses.
   • Highlight your ability to work under pressure, your analytical skills, and your teamwork experiences.

5. Stay Updated:

   • Keep abreast of current market trends and news, particularly those affecting RBC and the sectors they target.

Resources:

• WSO Financial Modeling Resources: Enhance your technical skills with templates and lessons.
• Mock Interviews with Pros: Practice with professionals to get real-time feedback.
• Resume Reviews by Professionals: Ensure your resume stands out by getting it reviewed by experts.

By focusing on these areas, you'll be well-prepared for your interview and potential role at RBC's Sales & Trading Toronto office. Good luck!

Sources: RBC Global Arbitrage & Trading, The rise of RBC Capital Markets, Toronto BB IB Offices, RBC SA 2020 Update, How good are Scotiabank, CIBC and RBC Mining Groups in Toronto?