I applied through an employee referral. The process took 4 weeks. I interviewed at RBC (Toronto, ON) in Aug 2014
Interview
I applied from another subsidiary of the bank, so I was considered an internal transfer, rather than a new applicant. I used the internal directory to my advantage and I was extremely tactful but persistent in contacting future team members, learning about the new job, and about my interviewers. I knew the industry I was going to cover in my new job, before going in to my first round, and made sure I could talk around anything that may be viewed as a shortcoming in my skills. My interview was more focused on fit than technical skills as I came with references and work experience from another part of the bank.
Interview questions [1]
Question 1
For the fit portion of the interview, be able to speak about:
1. Your greatest failures and proudest achievements
2. Current or past investments, if any
3. Specific bullet points on your resume and expand on them
4. Your interests and future career plans
Also, ask yourself if you would pass the airport test, as almost everyone I met at the junior level was relatively easy to talk to and had hobbies outside of finance
For the technical skills portion of the interview:
1. Know bootstrapping M&A and accretion / dilution down cold even if not applying to the M&A group
2. Know the metrics used to measure company performance in your industry
3. Know how to explain aspects of your job to someone outside of finance to show that you know your stuff well enough to teach it, especially concepts like DCF, and market comparables
I applied online. The process took 2 weeks. I interviewed at RBC (Toronto, ON)
Interview
Simple, more behavioral-based. Should definitely care more about your delivery when facing different kinds of directors. Important to perform your stock pitch and market trend ideas - they want to see you be in a place where you can sound creative.
Interview questions [1]
Question 1
Resume grill on past internship experience, more about your routine work.
Got referred for an entry level position, had a first round interview with the VP of FIG. Lasted 30 min. Asked me questions specifically about FIG, recent news, technicals, etc.
I applied online. The process took 4 weeks. I interviewed at RBC (New York, NY) in Nov 2024
Interview
Was pretty straightforward. Connected with two analysts and then had a technical interview and then a modeling case study which was a FIG company in the asset management space which was challenging
Investment Banking Analyst applicants have rated the interview process at RBC with 3.1 out of 5 (where 5 is the highest level of difficulty) and assessed their interview experience as 52% positive. To compare, the company-average is 64.9% positive. This is according to Glassdoor user ratings.
Candidates applying for Investment Banking Analyst roles take an average of 21 days to get hired, when considering 27 user submitted interviews for this role. To compare, the hiring process at RBC overall takes an average of 24 days.
Common stages of the interview process at RBC as a Investment Banking Analyst according to 27 Glassdoor interviews include:
Phone interview: 28%
One on one interview: 22%
Group panel interview: 15%
Presentation: 15%
Skills test: 7%
Personality test: 7%
Background check: 4%
IQ intelligence test: 2%
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