I've been with RBC for 1 1/2 years now, a lot of my close friends have been here for almost 5 years, all from different departments. So they were the ones who told me stories of RBC from the beginning till now.
1. RBC USED to offer high salary, this was when they were still developing; normal for new establishments to build up their company. Now fresh grads are offered around RM2600-2800 basic, allowances up to RM750 depending on shift. Still considered OK for fresh grads.
2. Agreed the turnover is high. The trend now is higher for employees who has been here for <1 year. I knew a person who's been here for 1 month and resigned
3. Fund Administration/Accounting is torturing. I pity my friends who are fund accountants. They work long hours, tight datelines, sometimes no time for lunch/dinner, heavy workload, etc2. But this depends on which Fund Accounting you are in, some are OK, some are hell. The tough ones are usually the Luxembourg teams. My girlfriend is also a fund accountant, she lost 8kg in her first 5 months. Then she moved to a more stable team, and is much happier there. A wise colleague told me once, "If you want to work in RBC and still have a life, don't be a fund accountant"
4. Career progression totally depends on the person. There are managers here as young as 25-27 years old. Some have been working here for 4-5 years and are still in the same position. I've been here for 1 1/2 years and recently promoted to a senior position. If you do your job properly and excel, its not impossible to be promoted within a year.
5. RBC is still new here in Malaysia compared to other big banks and MNCs. So its totally normal for the company to have a few hiccups here and there. There are times I feel like leaving the company, but there are more times I feel happy and satisfied. If you are a fresh grad, RBC is a good place to start up and build up your resume.
Oct 4 2014, 02:07 AM
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