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  • Writer's pictureJosh Rovner

Why RBC Capital Markets for Investment Banking? / Overview of RBC Capital Markets

If you're interested in breaking into finance, check out our Private Equity Course and Investment Banking Course, which help thousands of candidates land top jobs every year.



Overview


RBC Capital Markets is one of the top Canadian investment banks and has a long history as part of the Big 6 Canadian banks. Royal Bank of Canada, the parent company, has several divisions and operates as a full-service investment bank in Canada.


RBC Capital Markets has meaningfully grown its global investment banking presence over the last several years. RBC is arguably the Canadian bank with the largest presence in the U.S., and was a top 10 M&A advisor in the U.S. in 2019.


In September 2022, Royal Bank of Canada closed a C$2.6B acquisition of Brewin Dolphin, a London-based wealth management firm. The deal expands RBC’s presence in the U.K. and Ireland.


In March 2024, Royal Bank of Canada completed its acquisition of HSBC Canada, a Hong Kong-based banking and financial services organization. The deal will allow RBC to continue to expand its presence in the Canadian commercial banking industry.


RBC Capital Markets Overview


Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with RBC Capital Markets, you should make sure you know:

  • 1 deal that the investment banking group has done

  • 1 person at the firm (ideally someone who would have influence over your recruiting process)

  • 1 business model-specific detail to mention


We articulate how you can answer this question thoughtfully in our Investment Banking Course. We also cover all technical and qualitative information you need to get a top investment banking offer.



Big 3 Qualitative Questions


Selected Transaction


RBC Capital Markets operates across every sector, with a focus on Power, Utilities, and Infrastructure (PU&I). A significant example of this is RBC Capital Markets' advisory role to Oasis Petroleum Inc. on its merger with Whiting Petroleum Corporation.


  • Transaction Description: Oasis Petroleum Inc. and Whiting Petroleum Corporation (formerly NYSE:WLL) combined in a merger of equals to become Chord Energy Corporation (NASDAQ:CHRD). These companies operate across the southwestern United States and merged to become a leader in petroleum production.

  • Transaction Value: US$6.0B post-merger enterprise value

  • Transaction Date: Announced March 2022


Fact Sheet


RBC Capital Markets Logo


  • Company Name: RBC Capital Markets (part of Royal Bank of Canada)

  • Description: RBC Capital Markets is a global investment bank providing services in banking, finance, and capital markets to corporations, institutional investors, asset managers, and governments internationally

  • Bank Category: Canadian bulge bracket

  • Ticker: NYSE:RY and TSE:RY

  • Founded: 2000 (for RBC Capital Markets)

  • Employees: 6,500 (for RBC Capital Markets)

  • Chief Executive Officer: Derek Neldner

  • Headquarters: Toronto, Canada


Resources

RBC Capital Markets Glassdoor



RBC Capital Markets Salary


Based on the H1B Database, the average base salary for an Investment Banking Analyst at RBC is $85k - $95k.

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