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 RBC Dexia, Royal Bank of Canada & Dexia

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adio
post Oct 4 2014, 02:07 AM

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I agree and disagree with some of the posts here.

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 shocking.gif . Some say younger generations hard to cope with the business, some say other issues. But it all depends on the person, if you like challenges and work smart, this is the place for you. Do not expect to be spoon-fed here whistling.gif

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" brows.gif . Fund accounting turnover is waaayy higher compared to other departments.

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.


adio
post Oct 4 2014, 02:16 AM

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QUOTE(SY CHUA @ Jul 4 2014, 03:38 PM)
Btw anyone have any experience that hw long will they take to call and offer u if u success in the previous interview session? Recently went for interview for fund acc position. They told me will get reply in two weeks times, but still no respond at all after that. So I think most probably I failed, but still called them for asking the status to get confirmation. They told me will call me up after checking it, but still no respond. Well, any similar situation here?
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When I passed my resume, it took them 2 hours to get back to me an arranged my 1st interview shocking.gif . The next day I went for the HR interview and then with the specific department a week after. Then after 1 month they called me and confirmed my position. Not sure why they are taking sometime for you maybe the put you under KIV first. Fund accountants are hot position and they need a lot of it.

 

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