RBC NYC M&A Group culture/exits?

Sorry another RBC thread.

Saw a posting that RBC M&A group was looking a lateral analyst  hire so wanted to know if anyone knew of the hours (assuming bad cause wfh) as well as exit opps /deal flow.

A lot of the information was back in 2018 so wanted to see if there has been anything different past 2-3 years.

Thanks!

Comments (11)

 
Most Helpful
Feb 23, 2021 - 10:58pm

Handles all of the modeling (unless it's FIG/PU&I) and only works live deals. The good news with that it's an immersive experience and best exit opps at RBC unless you want something RE/FIG/PU&I specific. Bad news is that they have the worst hours at the firm, and since they only work on live deals, work most weekends.

 

The two heads of M&As are both chillers, most VPs are fine but a lot of the MDs and associates suck. Most of the group is from target schools but some BC level and nyc colleges sprinkled in. Like any M&A group at a bank, a lot of hardo / type A personalities.

 
  • Analyst 2 in IB-M&A
Feb 24, 2021 - 1:47am

A lot of good information, thank you.

 

Would you happen to know what type of exits? Im assuming MF isnt happening from RBC but any idea on UMM? Or is it pretty much only MM/LMM

 
  • Analyst 2 in IB - Ind
Feb 24, 2021 - 3:21am

RBC analyst here. Junior turnover in M&A has been crazy. The hours are brutal right now and the constant bleeding of experienced juniors doesn't help.

Also in regards to the pay, it is terrible because all analysts at RBC get paid the same buckets. So an overworked analyst in M&A/FIG/PU&I can get paid exactly the same bonus as the analysts who are in groups that go home at 8PM sometimes. Sometimes even less. Ask me how I know. 

 
  • VP in IB - Gen
Feb 24, 2021 - 9:44am

can confirm hours are tough and there are some hardo type personalities which is even more apparent because it's RBC and most people are 'Canadian friendly' even if there aren't that many Canadians in the NYC office.  They definitely do good work though and it's a competent platform for sure.  I've seen a variety of exits but not to MF - definitely some solid shops though. 

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