Apply Online
Royal Bank of Canada
Employees meeting at one of RBC's offices  

Recognized as one of Canada's Top 100 Employers (2021) and Greater Toronto's Top Employers (2021):

Here are some of the reasons why Royal Bank of Canada was selected as one of Canada's Top 100 Employers (2021) and Greater Toronto's Top Employers (2021):

  • RBC committed to no job losses in 2020 due to the pandemic, quickly moving thousands of employees to work-from-home arrangements and introducing a special daily compensation program of $50 per day for day-in, day-out support for those employees who were needed to work onsite during the early months of the pandemic
  • Through RBC's in-house "Wellness+" program, the bank encourages employees to adopt healthy habits, rewarding healthy behaviour with credits for a personal wellness account -- additionally, the bank published the "RBC Blueprint for Well-being and Mental Health," which outlines its vision for promoting the mental health and well-being of all employees
RBC employees meet at the organization's Toronto office   (Photo credit: Tim Fraser)

Employer Background

Industry Banking
Established in Canada 1869
Publicly traded yes
Major Canadian hiring locations Mississauga ON, Ottawa ON, Halifax NS, Calgary AB, Toronto ON, Montréal QC, Vancouver BC
Full-time employees in Canada 57,242
Part-time employees in Canada 4,041
Full-time employees worldwide 80,456
Average age of employees in Canada 42 years
Longest serving employee 70 years

COVID-19

Pandemic response numerous support resources, and the first Canadian bank to commit to no job losses due to COVID-19 in 2020, introduced a special daily compensation program of $50 CAD per day to help support employees working on-site during the pandemic, covering all employees working at locations where working from home is not an option

Physical Workplace Rating: A

Commuter amenities transit subsidies, online carpool sign-up, secure/sheltered bicycle parking
Workplace features new workplace model updated in 2019, transforming much of its office space to reflect changing work styles and to increase collaboration, socialization and innovation, the bank occupies a number of properties in the downtown business district and over 70% of RBC's major offices worldwide are green-certified (including LEED, BREEAM and other certification programs), inside, the workplace features lockers for personal storage, wellness rooms (can be used for nursing, insulin intake, meditation, etc.), beginning in 2017 the bank's landmark gold towers were renovated inside, including updated inclusive washrooms, wellness rooms and a multi-faith prayer room, telecommuter workstations, sit-stand workstations, private phone booth, nap room, religious observance room, self-serve lunchroom, employee focus groups are established to capture feedback on renovations and new space designs
Employee lounge amenities comfortable seating, fireplace, music, television, foosball table, table tennis, each floor of the head office features an Oasis lounge with televisions and self-serve kitchens
Other food options at main location all-weather access to the underground PATH walking network leading to a variety of shops, cafés and restaurants throughout the downtown core
Onsite fitness facility shared-use facility, (fully equipped fitness facility onsite at RBC WaterPark Place)
Other nearby amenities St. Lawrence Community Recreation Centre, Waterfront Trail, Royal Alexandra Theatre, Rogers Centre, Scotiabank Arena

Work Atmosphere & Communications Rating: A

Employee social committee name a number of employee-led social committees across the bank
Past social events reward and recognition dinners (including an annual convention and 7-day Caribbean adventure for top winners and their guests), friends and family events in the spring, departmental and branch socials including barbecues, employee appreciation days, golf tournaments, baby showers and holiday parties, special events to celebrate important dates related to diversity and inclusion, such as Black History Month, International Day of Pink, and International Women's Day, ongoing Living Well campaigns to encourage employee activities, from yoga classes to walking clubs
Cultural aspects business-casual dress daily, dress-for-your-day policy, casual dress (e.g. jeans) daily, casual dress Fridays, music while working, concierge services available, employee sports teams, organized social activities for retirees
Employee communications intranet site, company newsletter, internal social media
Other in-house communications town hall meetings, employee roundtables and market visits with senior leadership (hosted at various key locations across Canada), RBC Connect social business platform (allows employees to ask and answer questions, share tips, suggest and vote on ideas, and get quick feedback), the RBC Disrupters speakers series (moderated sessions to talk about macro shifts in the world), new "Ask Me Anything" (virtual and in-person sessions with senior personnel)

Financial Benefits & Compensation Rating: A+

Financial benefits note RBC has multiple employee groups, financial benefits may vary by position
Outside salary surveys participates in outside salary surveys every 12 months
Employee salary reviews individual salaries are reviewed every 12 months
Long-term savings defined-contribution (DC) pension, matching RSP
Long-term planning retirement planning assistance, phased-in retirement work options, life & disability insurance
Share purchase plan available to all employees
Year-end bonuses available to all employees
Referral bonuses (max) new employee referral bonuses (up to $5,000) for some positions
Signing bonuses available for some positions
Additional financial benefits low-interest home loans, employees are automatically enrolled in the defined contribution pension program and can choose to participate in the employee savings and share ownership plan (the plan includes employer contributions and is flexible, enabling employees to select their contribution levels, as well as stopping and withdrawing from the plan at any time), reduced home and auto insurance fees, financial planning initiatives include MyAdvisor for RBC Employees (to help employees make informed financial decisions)

Health & Family-Friendly Benefits Rating: B+

Health plan note RBC has multiple employee groups, health plans may vary by position
Health plan premium as part of the health plan, the employer pays up to 100% of the premiums
Flexible coverage health plan is flexible with adjustable premiums and coverage levels
Minimum hours worked for coverage 15 hours per week
Waiting period there is no waiting period for coverage
Family coverage option yes
Retiree coverage with no age limit yes
Dental coverage routine, restorative, orthodontics
Paid sick days employees receive 7 days off each year
Health plan includes traditional coverage (e.g. prescription drugs), employee assistance (EAP) plan, semi-private hospital room, physiotherapy, medical travel insurance, homecare, medical equipment and supplies, massage therapy, nutrition planning, podiatrist, osteopathy, chiropractor, alternative coverage (e.g. acupuncture, naturopathy)
Mental health practitioner benefit up to $3,000 each year
Health spending account up to $870 each year
Wellness spending account up to $870 each year
Fitness club subsidy up to $300 each year
Additional health plan information fertility drug treatments (to a lifetime maximum of $6,000), the bank also offers a separate plan for retirees with contributions based on years of service ($50 per year of service to a maximum of 35 years)
Wellness initiatives formal "Wellness+" program focuses on 4 elements: physical activity; eating well; mental well-being; and financial literacy, LifeSpeak on Demand program provides advice and tip to employees and their families, launched the RBC Blueprint for Well-being in 2017 and hosts live events to recognize World Mental Health Day to help raise awareness about the importance of good mental health, introduced company-wide corporate rate memberships for GoodLife Fitness centres across Canada (with over 250 locations)
Family-friendly benefits note RBC has multiple employee groups, family-friendly policies may vary by position
Maternity top-up (mothers) up to 100% of salary for 6 weeks
Parental top-up (fathers) up to 100% of salary for 6 weeks
Adoption top-up up to 100% of salary for 6 weeks
Additional family-friendly benefits extended parental leave to unpaid leave, phased-in return to work for new parents, academic scholarships of up to $2,500 per child
Flexible work options flexible work hours, shortened work week (fewer hours with less pay), compressed work week, telecommuting, reduced summer hours
Additional family-friendly information job-sharing (between 2 colleagues), emergency backup child and elder care

Vacation & Personal Time-Off Rating: B

Vacation note RBC has multiple employee groups, vacation policies may vary by position
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Vacation jump vacation increases after 10 years of employment
Maximum vacation allowance employees move to a maximum of 5 weeks of vacation over their career
Personal paid days off employees can schedule 1 personal day off each year, as needed
Unpaid leave maximum 12 months
Additional time-off information starting vacation allowance ranges from 2 to 3 weeks across the company's businesses, and can increase to a maximum of 5 weeks depending on position level, option to purchase additional vacation time (up to 20 unpaid days), employees can also apply for short family responsibility and personal leave if needed as well as up to 3 paid days for religious leave

Employee Engagement & Performance Rating: A

Employee performance reviews employees receive individual performance reviews every 12 months
Managers receive performance review training yes
360° feedback option as part of the review process, performance feedback is also solicited from co-workers and other managers familiar with each employee's work
Confidential employee feedback employees can also provide confidential feedback on their manager's performance
Exit interview exit interview option is available for departing employees
Performance recognition online recognition platform, individual performance bonuses, on-the-spot rewards, peer-to-peer recognition awards, long-service awards, recently introduced an ongoing Employee Well-Being Pulse survey that is running over consecutive months (to be reviewed in real-time over the course of the pandemic) with the objective to properly understand employee needs and provide essential employee support, over the past year, new online instant thanks program lets employees send e-cards and recognize their colleagues for work accomplished, achievements and milestones
In-house survey period in-house surveys are conducted every 1 month
Outside survey period outside consultant surveys are held every 12 months

Training & Skills Development Rating: A

Career planning in-house career planning services, online employee skills inventory
In-house training initiatives mentoring, in-house training, online training, leadership training, paid internships, subsidies for professional accreditation
Tuition subsidies (related to job) yes
Tuition subsidies (unrelated to job) yes
Unique training & development programs extensive leadership and management development programs, peer networking through the in-house CareerConnect platform, new Job Exploration site (offers greater level of transparency of internal job postings that are available to employees), dedicated "Grow and Develop" in-house career planning newsletter, numerous diversity and inclusion training initiatives

Community Involvement Rating: A+

Scope of charitable involvement national, international
Total employee volunteer hours (on company time) over 17,852 hours last year
Total number of charities supported last year approximately 5,000 charitable and community organizations were supported last year
Some of the community organizations supported Boys and Girls Clubs of Canada, Swim Drink Fish (freshwater initiative), Academy of Canadian Cinema and Television, RBC Emerging Artists Project
Charitable giving matches employee volunteer hours with company donations
Community highlight RBC is one of Canada's largest corporate donors, building upon a tradition of corporate philanthropy that dates back to 1891 -- donating $130-million in cash donations and community investments last year. Ongoing major initiatives include RBC Future Launch (a 10-year, $500-million commitment to work with community organizations and help young people access meaningful employment through practical work experiences, skills development opportunities, networking solutions and mental well-being services) and RBC Tech for Nature (a $10-million commitment to support universities and charities that are developing technology solutions to address climate change).

Recognized as one of Canada's Top Employers for Young People (2021):

Here are some of the reasons why Royal Bank of Canada was selected as one of Canada's Top Employers for Young People (2021):

  • RBC established a dedicated Indigenous student awards program, providing $4,000 annually to recipients for a maximum of four years, and also manages an Indigenous student internship program to provide first hand experience in various areas of operation including finance, sales and services, IT, and marketing (to name a few)
  • RBC created a unique Amplify program, a summer internship that allows students to work in creative, agile environments to solve business and industry challenges -- students pitch their work to executives and employees at Amp Expo and successful ideas may be green-lit for further exploration with additional resources and the possibility of future implementation
  • Recent university and college graduates can acquire career-level experience through RBC's Career Launch Program, a one-year paid internship for graduates under the age of 24 -- the program features rotations in retail branches and corporate offices, mentorship, professional networking and community experience via a short-term placement with a registered Canadian charity -- program participants may also participate in the Next Great Social Innovator Challenge, an annual competition inviting associates to find a solution to a specific business need
RBC employees during a brainstorming session  

Highlights

Industry Banking
Major Canadian hiring locations Mississauga ON, Ottawa ON, Halifax NS, Calgary AB, Toronto ON, Montréal QC, Vancouver BC
Full-time employees in Canada 57,242
Student opportunities summer jobs, co-op opportunities, paid internships
In-house training programs orientation program, in-house training, online training, in-house career planning services, online employee skills inventory, mentoring, leadership training
Tuition subsidies (related to job) yes
Unique training and development opportunities new graduate banking programs in various roles (commercial account manager, client service representative, analyst and global investment banking analyst, to name a few), MBA and master's graduate programs (examples include global investment banking associate, manager of business architecture and wealth management), technology and operations program for post-secondary students in various roles (developer, data scientist, business analyst, cyber security analyst), Indigenous peoples development for early-in-career talent (2-year rotational program combines practical, hands-on business and community experience with learning, mentorship and professional networking opportunities)
Additional highlights virtual onboarding for 1,400 summer students as a result of the pandemic, pre-onboarding platform to allow students to engage, connect, get informed and ask questions, Welcome to RBC onboarding assistance (online access to checklists and tools to help new employees have a strong start), Backpack app to help students track their professional development goals, a founding member of the Major League Hacking Fellowship program, which was created to provide virtual internships to those who last their initial internship due to the pandemic, partnership with Career Edge (paid internships ranging from 6 to 12 months), RBC Capital Markets diversity scholarships ($5,000 scholarship, summer employment, and mentorship and coaching from a senior professional), technology and operations program for high school students (work experience opportunities)
Dedicated employee resource group NextGen to empower young professionals (7,500 members nationally that focus on developing capabilities, connections and community)
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

Recognized as one of Canada's Best Diversity Employers (2021):

Here are some of the reasons why Royal Bank of Canada was selected as one of Canada's Best Diversity Employers (2021):

  • RBC provides real-time American Sign Language video support to its clients through a language interpretation app -- the app was introduced to branch locations across Canada and allows clients and employees to communicate through a professional interpreter
  • RBC is committed to developing Indigenous talent pipelines, launching a dedicated Indigenous summer internship program to provide on-the-job learning and training to post-secondary students (the program employed 32 interns in 2019) -- additionally, the bank manages a two-year Indigenous peoples development program for recent graduates, providing exposure to finance, auditing, risk management, technology, marketing or human resources
  • RBC offers a 10-month Ignite leadership development program for high-performing, culturally diverse talent, aimed at accelerating their trajectory to senior management -- the program provides opportunities to develop and practice leadership behaviours and enable cross-enterprise networking with peers and senior leaders -- program also features formal coaching by an external executive coach and the opportunity to partner with a charity to help solve business challenges
RBC employees work together  

Highlights

Industry Banking
Major Canadian hiring locations Mississauga ON, Ottawa ON, Halifax NS, Calgary AB, Toronto ON, Montréal QC, Vancouver BC
Full-time employees in Canada 57,242
Senior executive who oversees diversity initiatives Chief Human Resources Officer
Formal commitment diversity leadership council, Diversity & Inclusion Blueprint 2020
Recruitment initiatives Diversity Works Here events (recruiters and hiring managers met over 200 professionals and students with disabilities in 2019), Pursue Your Potential (provides persons with disabilities and Indigenous peoples access to a recruitment coordinator who assists with resume and interview coaching), Indigenous summer internship program (hired over 300 interns since the program's inception), Indigenous peoples development program for recent graduates (2-year learning program with exposure to different disciplines), hosted and participated in 16 newcomer events in 2019, offering mentorship, coaching and career development advice to over 1,500 new Canadians, online recruitment system has option for LGBT+ candidates to self-identify to receive more targeted recruitment assistance where necessary
Retention and development programs IGNITE (10-month leadership development program for high-performing, culturally diverse talent), Indigenous mentoring initiative (to provide dedicated support and safe for Indigenous employees as well as enable non-Indigenous employees to increase their knowledge and understanding), Early in Career Women's Dialogues (interactive workshop with 100 women featuring candid stories from female executives), women in leadership program (10-month initiative with accelerated training to enhance leadership capabilities), women's peer coaching network, over 50% of promotions in the past year were for women, Diversity Dialogues reciprocal mentoring program (partners senior leaders with diverse employees, program has had 4,500 participants since its inception), dedicated Proud Partnership mentorship program for LGBT+ employees
Employee resource groups 10 national employee resource groups with over 19,000 members, including: Women in Technology and Operations, RWomen (women in Capital Markets), Women's Advisory Board, REACH (persons with disabilities), MOSAIC (visible minorities and new Canadians), Royal Eagles (Indigenous peoples), NextGen, PRIDE
Training and awareness global diversity and inclusion essentials learning program (includes modules such as unconscious bias, gender diversity, generational diversity, cross cultural communications and LGBT+), Destination Diversity intranet with self-study materials and resources, Aboriginal awareness e-learning program, web-based training on accessibility, is piloting an immersive workshop called Men Advocating for Real Change in partnership with Catalyst (to increase awareness of gender inequality)
Diversity highlights workforce diversity census to encourage employees to self-identify, quarterly diversity scorecard for each of RBC's business and functional units (tracks representation and statistics for hires, promotions, development moves, and departures), Project Beacon initiative to support Black professionals at RBC (mentorship, sponsorship), advocate for Black youth and professionals who are interested in working with RBC, and supporting youth from marginalized communities, Indigenous student scholarship program ($4,000 annually for a maximum of 4 years), workplace gender transition guidelines (includes checklists, transition plan guidance, and other suggested resources for transgender employees), offers clients real-time video American Sign Language support through a language interpretation app in branches across Canada, introduced WayFinder in over 200 branches to help those visually impaired navigate the branch
Some of the diversity-focused partnerships extensive partnerships with community organizations to recruit diverse candidates including ACCES (new Canadians), Start Proud, Aboriginal Human Council, Career Edge (paid internships for new Canadians and persons with disabilities), Specialisterne, Spinal Cord Injury Ontario, Rupertsland Institute, Siksika Employment and Training Services, and Abilocity (to name a few), sponsors Bridge School, a not-for-profit organization that provides free advanced education to women, non-binary and agender professionals in the tech industry
Supplier diversity programs partners with WEConnect to host supplier diversity mentorship workshops (participants network directly with RBC leaders)

Recognized as one of Canada's Greenest Employers (2021):

Here are some of the reasons why Royal Bank of Canada was selected as one of Canada's Greenest Employers (2021):

  • Along with dedicated financial products and services for clients in the renewable energy, cleantech and low carbon sectors, RBC has introduced a number of green building features at locations across the bank, including green roofs, solar electricity panel installations, rainwater collection, LED lighting retrofits -- and as part of its formal environmental blueprint, the bank continues to increase the amount of LEED-certified office space it occupies
  • Across RBC, over 500 employees act as Green Champions to create awareness and encourage sustainable behaviours through numerous employee-led initiatives such as monthly car-free days, weekly organic produce deliveries, sustainability-themed lunch and learns, and environmentally themed volunteer initiatives
  • As part of its environmental blueprint, RBC has maintained a steady focus on waste reduction and recycling initiatives (setting a goal of zero electronic waste to the landfill), maintaining organic and recycling programs at all locations, finding ways to reuse or donate slightly used furniture, and properly disposing of carpets and demolition waste in new renovations and construction
RBC employees volunteered at a beach clean-up in Toronto, ON  

Highlights

Industry Banking
Major Canadian hiring locations Mississauga ON, Ottawa ON, Halifax NS, Calgary AB, Toronto ON, Montréal QC, Vancouver BC
Full-time employees in Canada 57,242
Part-time employees in Canada 4,041
Employee green team RBC Green Champions (est. 2016 with over 500 employee members), RBC Environmental Advisory Committee (est. 2011), Enterprise Climate Change Roundtable (est. 2018)
Senior executive who oversees initiatives Vice President, Corporate Citizenship
Formal strategy/policy name RBC Climate Change Position and Disclosure Statement (est. 2017), formal environmental management system (designed to the ISO 14000 standard)
Publishes sustainability report yes
Green highlights numerous employee-led initiatives (monthly car-free days, weekly organic produce deliveries, sustainability-themed lunch and learns and environmentally themed volunteer events), ongoing programs to reduce its greenhouse gas emissions from all operational areas (new targets to reduce emission by 15% by 2023 over the baseline year of 2018), regular environmental (EMS) audits across all properties, addressing everything from hazardous waste to water management
Noteworthy initiatives socially responsible (SRI) mutual fund products (over $7.7-billion in assets under management), leader in the carbon trading market worldwide (trading nearly 2 billion tonnes of carbon credits), active in the development of the green bond market (underwriting over $4.8-billion in new issuances last year), Smart Prosperity (a cross-sectoral initiative focused on accelerating Canada’s transition to a cleaner economy), dedicated financial support for clients in the renewable energy, cleantech and low carbon sectors
Building footprint includes PV solar panels, rainwater collection, green roof, LED lighting upgrades, numerous green building features at various building locations across the bank, as part of its formal environmental blueprint, the bank continues to increase the amount of LEED-certified office space occupied (by over 417% since the baseline year of 2012)
Extended recycling e-waste (goal to send zero to landfill), new construction and renovations ensure waste diversion plans for carpets, furniture, initiatives across the bank to eliminate single-use plastics, reached a 99% diversion rate for e-waste and an overall waste diversion rate of 75% (all North American major offices have formal waste diversion programs)
Commuter amenities walk to public transit, secure/sheltered bicycle parking, online carpool sign-up, transit subsidies
Community partnerships Carbon Pricing Leadership Coalition (member of a global initiative that supports the principle of carbon pricing), Smart Prosperity (member and funds initiatives in support of Canada's cleantech sector and government initiatives; donated over $9.3-million environmental charities worldwide), Bullfrog Power (has purchased certified green power since 2005), Earth Day (past e-waste collection days)

The Career Directory

Royal Bank of Canada has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.
RBC employees in a meeting

Highlights for New Grads

Industry Banking
Full-time employees in Canada 50,000+
Major Canadian hiring locations Mississauga ON, Ottawa ON, Halifax NS, Calgary AB, Toronto ON, Montréal QC, Vancouver BC
Student opportunities paid internships, summer jobs, co-op opportunities
Training subsidies for professional accreditation, orientation program, online training, in-house training, mentoring, in-house career planning services, leadership training
Other info for new grads offers a variety of entry-level recruitment programs, as well as scholarships and high school programs such as RBC Academy (in capital markets) and Summer Tech Labs
Typical new grad positions Associate
Starting salary $55K to $60K
Work benefits health benefits for new employees, flexible work hours, telecommuting, transit subsidies
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

Academic fields recruited

Recruits at these schools


Search all jobs from Royal Bank of Canada Live search powered by Eluta.ca