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RBC Insurance Advisor Reviews

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Found 27 reviews

2.5
StarStarStarStarStar
Rating TrendsRating Trends
51%
Recommend to a Friend
79%
Approve of CEO
RBC CEO David I. McKay
David I. McKay
5 Ratings
Pros
Cons
More Pros and Cons
  1. "Rico"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Advisor in Oakville, ON
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at RBC full-time for more than 20 years

    Pros

    Benefits and compensation. RBC is a reputable company with great brand recognition. There are opportunities to have an entire career with one company and experience many different positions.

    Cons

    Constant change, you must be very adaptable to succeed. Things are constantly changing and if you do not handle change well I would consider something else.

  2. "Insurance Advisor"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Insurance Advisor in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at RBC full-time for more than a year

    Pros

    Excellent OTL Training. Aggressive Growth Strategy

    Cons

    Long Hours - Late Shifts Very little Work-life balance

    Advice to Management

    Keep up the Good Work

  3. Helpful (3)

    "Horrible Employer"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Insurance Advisor in Mississauga, ON
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at RBC full-time for more than 4 years

    Pros

    RESSOP (Employee stock purchase program. Bonuses were pretty good

    Cons

    They treat you like garbage. There's too many stats. There was stats within stats within stats. Micromanaged to death. I hated working here. I hated my life. Constantly monitor you and nit pick everything you did wrong. Sell, Sell, Sell at all costs

    Advice to Management

    Stop micromanaging and maybe people will stay. You have a revolving door of people leaving constantly. I bet this drains a lot of company resources having to constantly hire new employees, train them for a year then only for them to leave because you are constantly monitoring every single little thing.

  4. Helpful (2)

    "Pretty bad"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Licensed Insurance Advisor in Mississauga, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at RBC full-time for more than a year

    Pros

    - Pay is decent but does seem like should be getting more for amount of work and stress - Building is nice -

    Cons

    - Call Centre - Every move you make is monitored. Even for going to the washroom - Lots of abuse taken from clients - Management expects you to know everything after 1 month of taking calls

    Advice to Management

    - Be easier on new hires make the training on the actual floor longer product training can be shorter - Give longer breaks if we are constantly going to be working overtime and taking call after call

  5. "Pretty good place to work"

    StarStarStarStarStar
      Former Employee - Licensed Travel Insurance Advisor 

      I worked at RBC

      Pros

      Great benefits, flexibility, good work culture and good way to get valuable experience

      Cons

      Very difficult to move around, in the sense that it takes a long time to move internally, especially to a level up

    • Helpful (3)

      "Stay Away"

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - RBC Licensed Insurance Advisor in Mississauga, ON
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

      I worked at RBC full-time

      Pros

      They occasionaly drop off chocolate bars in your cubicle for the abuse you take from clients

      Cons

      Every aspect about this employer is horrible. Where do I start... it was a sham since day 1. The salary is below market level, It is rigged so that most advisers do not get a material raise at the end of the year. Basically in order to receive a decent base salary raise you need to be meeting/exceeding at least 10 stats which targets are set at unattainable levels and the majority of LIA's do not hit it. No advancement...

      Show More

      Advice to Management

      Fix your comp structure, do not give your LIA's false hope that they can advance their career at your company when there are ZERO opportunities.

    • Helpful (1)

      "Insurance Advisor P&C"

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Insurance Advisor in Toronto, ON
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

      I worked at RBC for more than a year

      Pros

      Great potential to earn modest base salary plus bonuses.

      Cons

      Unrealistic target goal of $1million per year.

      Advice to Management

      Set realistic quota and not to push your staff to the corners.

    • "Employee"

      StarStarStarStarStar
      • Career Opportunities
      Former Employee - Insurance Advisor in Mississauga, ON
      Doesn't Recommend

      I worked at RBC full-time for more than 2 years

      Pros

      Good pay, great banking benefits. low interest rates

      Cons

      Discrimination, you are treated like a number, no care or concern for you as an individual. extreme pressure. Too much favourtism

      Advice to Management

      Learn how to be flexible and treat individuals like humans and not numbers.

    • "Kids out of school should not be hired on 100% commission"

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Insurance Advisor in Toronto, ON
      Doesn't Recommend

      I have been working at RBC full-time for more than 2 years

      Pros

      - Solid experience working for one of the largest banks in Canada. - Fast paced environment with a diverse employee base - Paid for certifications and accreditations - Global brand

      Cons

      - No training provided for junior employees expected to sell a complicated financial product - No support while training or studying for licensing exams or accreditations

      Advice to Management

      Do not hire kids out of school with 0 base salary and 100% commission

    • "Insurance Advisor"

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Insurance Advisor 
      Doesn't Recommend
      Neutral Outlook
      No opinion of CEO

      I have been working at RBC full-time for more than 9 years

      Pros

      RBC Insurance offers a comprehensive benefits package and a competitive salary and bonus structure within the industry. Training is thorough and extensive.

      Cons

      RBC Insurance is an extraordinarily demanding workplace. The company requires a certain personality type. If you are of this type you will thrive and be successful. Otherwise you will be left to flounder. The company has a history of dispensing with, not encouraging such employees. The turnover is historically horrific. In the last 5 years the compensation structure has changed 4 times.

      Advice to Management

      Understand that people resist change. And often a more gentle touch Is often more successful in eliciting a buy-in than than the hammer. People need and deserve a modicum of stability and respect from their employer which is definitely lacking.

    Found 27 reviews