RBC Insurance Advisor Reviews | Glassdoor.ca

RBC Insurance Advisor Reviews

Updated 6 April, 2018
28 reviews

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Insurance Advisor

2.5
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RBC President/CEO David I. McKay
David I. McKay
5 Ratings

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  1. "Rico"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Advisor in Oakville, ON
    Current Employee - Insurance Advisor in Oakville, ON
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at RBC full-time (More than 10 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
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Advisor in Toronto, ON
    Current Employee - Insurance Advisor in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at RBC full-time (Less 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 (1)

    "Life License Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Life License Insurance Advisor in Toronto, ON
    Former Employee - Life License Insurance Advisor in Toronto, ON
    Recommends

    I worked at RBC full-time (More than a year)

    Pros

    Great Company, good benefits, good training.

    Cons

    Sales Target are High, lots of changes in RBC Insurance side

    Advice to Management

    Encouraged to go to the next level


  4. Helpful (2)

    "Horrible Employer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Advisor in Mississauga, ON
    Former Employee - Insurance Advisor in Mississauga, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at RBC full-time (More than 3 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.


  5. Helpful (2)

    "Pretty bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Licensed Insurance Advisor in Mississauga, ON
    Current Employee - Licensed Insurance Advisor in Mississauga, ON
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at RBC full-time (Less 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


  6. "Pretty good place to work"

    StarStarStarStarStar
    Former Employee - Licensed Travel Insurance Advisor
    Former Employee - Licensed Travel Insurance Advisor

    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


  7. Helpful (3)

    "Stay Away"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - RBC Licensed Insurance Advisor in Mississauga, ON
    Former Employee - RBC Licensed Insurance Advisor in Mississauga, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves 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 opportunities people have been doing this job for over a decade. RBC recently sold their insurance division to aviva and the executives spun it as a 'partnership' when all they are now is an agency for Aviva. The systems they give you to do your job are outdated and below industry standard. Managers are inept and useless to go to for information on how to do your job. Majority of people quit within one year. You are micromanaged to the minute. Senior management is no where to be seen there is literally no engagement with them whatsoever.

    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.

  8. Helpful (1)

    "Insurance Advisor P&C"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Advisor in Toronto, ON
    Former Employee - Insurance Advisor in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at RBC (Less 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.


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

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Advisor in Toronto, ON
    Current Employee - Insurance Advisor in Toronto, ON
    Doesn't Recommend

    I have been working at RBC full-time (More than a year)

    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


  10. "Employee"

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

    I worked at RBC full-time (More than a year)

    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.