Royal Bank of Canada (RBC) Capital Markets
What are your thoughts of RBC in London? How is there deal flow? How is there healthcare team? What were some of the recent transactions they did? What is 1st year Analyst salaries? How is the life - work balance?
Any information would help.
Anyone?
Monkeys!
Doesn't anyone have any take on this?
I used to work with Tomasic, who now runs their Healthcare team (I wasn't in healthcare though)
He is awesome. Great guy, clients loved, my team loved him.
Know at analyst level they pay in line with the street, not sure about Associate & above (assume it's more dependent on strength of the team for levels above Analyst).
Does anybody have any other thoughts on RBC London? I've heard they have solid deal-flow in Healthcare? Are deals still won on a Balance Sheet basis?
RBC Capital Markets - What does this mean? (Originally Posted: 12/07/2012)
When people say that one of RBC's (as top Canadian i-bank in the US) strengths is that they go by their balance sheet and can support large financing in the IBD, what does this exactly mean?
ie.: they can lend money to a specific buyer to finance an acquisition
You can also bring in a ton future ECM/DCM business by providing a company with a credit facility.
More strength to underwrite equity transactions such as for initial and secondary offerings (very popular in Canada for MLPs and REITs as MLPs have no tax deductible advantage so they do more secondary offerings). Ability to participate in leveraged finance transaction such as recapitalizations for extraordinary dividends and issue of high yields. If you do not have a Fortress balance sheet like RBC underwriting below investment grade bonds are obviously too risky.
Gotcha-- thanks man. Had a couple of questions:
So, what is SO GOOD in RBC's balance sheet, that they can support larger financing, high yield issuance, overall leveraged finance deals, etc. (basically what you have mentioned in the above) as oppose to their competitors like Jefferies for example. Thanks!
For what you're talking about, it's not necessarily that RBC's balance sheet is SO GOOD, it's that it's big. Quick look on Yahoo shows RBC's balance sheet last year was at $756B while JEF was at $35B. The bigger you are, the more money you have to throw around and the less damage a single risky transaction could have on your BS.
RBC Capital Markets - Best groups and opps? (Originally Posted: 03/08/2013)
Does any1 know how RBC CM stacks up up with the BBs in the US? What are their best groups, exit opportunities, hours, culture?
Interested as well.
Bump, no one?
Their Lev Fin is fairly strong. I don't know much about industry groups but we see them frequently as a bookrunner...
strong mining i believe
they're doing the Dell financing
Thanks everyone for the insight
its not considered a BB but they are strong in lev fin or with big financings because of their hefty balance sheet capabilities
Bump for upcoming superday
A lot of build-out the last 5 yrs or so - helped their rise to now a top 20 bank (league tables). Your work will be financing heavy b/c of their balance sheet
Very good culture - work hard, play hard, down to earth people - but still group/people dependent
Hours are standard banking but a little less and more efficient throughout groups (less BS and useless work)
Exit opps- not great. Lots of analysts do their third year and also get promoted to associate. You'll have to do a lot of work on your own to get into a PE shop
I'd suggest you put a lot of emphasis on why RBC and why you want to work there over other banks. Emphasize its MM experience in a BB atmosphere/deals
Their energy ER team is pretty good
bump for more info
Anyone know about their tech coverage group in NY?
Heard from a PE recruiter that their aerospace/defense is on the up due to a recent MD addition
Anyone hear back from 2/7 superday?
RBC Capital Markets Programme (Originally Posted: 03/04/2012)
Did anyone apply for the RBC Captial Markets Programme 2012 and know details about the recruitment process? I applied for the programme in Asia and finished a numerical online test a couple days ago. Wondering how long I have to wait for any news, whether a rejection msg or steps to the next stage.
Thanks
Pretty sure they're done recruiting.
Might be different for Asia
I did the numerical test for DB Hong-Kong (Wealth Management) in mid-february and also have not heard back yet.. So looks like you're not alone bud! :)
The verbal invite finally came and I had the 1st phone-in with hr as well.And now..back to waiting...
Waiting no more..that's the end
RBC Capital Market - Considering a summer analyst position (Originally Posted: 04/20/2007)
I have a friend who is considering a summer analyst position at this bank (trust me, this friend is NOT me. Thank god). Any opinions on this bank? Are they even a player in the U.S.? And any specific information on their San Francisco office?
Your "friend" might want to have someone with a little more tact seek advice on his/her behalf.
Best in Canada, but they are in the same boat as the rest of the Canadian banks south of the border. Actually, it's more of a dingy or a raft than a boat.
explain what you mean by dingy....do you really have any idea on this topic being a first year? or are you just saying that because you pretend to know.
I'm asking not to jab at you, just want to know if you really know the type of business canadian firms do in the U.S.
I am a Canadian working at a boutique in the US. I'm actually a second-year now too, I should change my profile. I know a lot of guys who work at BBs in the US. I also know a lot of Canadians who work in Canadian banks in the US (my brother included). So, yes, I would say that I have 'some idea' on this topic.
Basically what needed to be said re. Canadian banks in the US has been covered in this thread, so I'm not going to bother repeating. Just thought I would justify my previous position.
Canadian firms are mid-market at best in the US...and generally don't do anything too outstanding.
For example, CIBC used to have relatively large operations in Manhattan, but cut way back and now has a small office (not sure if they've actually moved to NJ). It's just not as profitable down there for the Canada banks-don't have the capital of US firms.
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