Royal Bank of Canada (RBC) Assessments

Prepare for the Royal Bank of Canada (RBC) recruitment process with tailor-made practice materials.

Careers at Royal Bank of Canada

The RBC (Royal Bank of Canada) is a 150-year-old global financial institution expanding across Canada, the United States, and 27 other countries. They are one of Canada's biggest banks with over 88,000+ employees and 17 million clients.

RBC's purpose is to inspire its employees to build a better future for their clients and communities.

The bank has a strong value-driven culture. Understanding these values is an important step in the application process. The 5 core values are:

  • Client First
  • Collaboration
  • Accountability
  • Diversity & Inclusion
  • Integrity

In Canada, the RBC's main goal is to be the number one leader in financial services. In the U.S RBC aims to be the preferred partner to corporate, institutional and high-net-worth clients and their businesses. In other global markets, they wish to be the first choice for financial service partnerships and expertise.

Royal Bank of Canada Application Process

RBC is an international employer - applying for RBC needs to be a well-planned and prepared process. The application involves the following stages:

  • Online application
  • Online assessment
  • Interview

Understanding the format of the application process can give you an edge over other candidates as it will allow you to prepare as much as possible.

Royal Bank of Canada Online Application

Once you have decided the division and role you'd like to apply for, you will be required to submit an application on RBC's careers website.

The core divisions to apply for are:

  • Personal & commercial banking
  • Wealth management
  • Capital markets
  • Investor & treasury services
  • Technology & operations
  • Insurance
  • Corporate functions
  • RBC ventures

The typical standard information is required as well as a resume/CV and cover letter.

You will also be asked job-specific questions. For these questions, you should reflect on the job description and try to use keywords from it to make your application stand out.

Royal Bank of Canada Aptitude Tests

Once you have submitted your online application, you will be required to complete a series of online assessments (also known as aptitude tests).

Aptitude tests will help RBC assess if you have the required skills to succeed in the position you've applied for. The assessments test your numerical and verbal reasoning skills as well as your situational judgement.

In order to do well in the online assessments, it is important to practice under timed conditions. This will allow you to build confidence and prepare for the format of the tests. To be considered for shortlisting it is important to try and achieve the top 50% of test-taker marks, but the scores for each job will vary. This is why practice is very essential.

Royal Bank of Canada Numerical Reasoning Test

A numerical reasoning test assesses your ability to work with numerical data under pressure. Although there are elements of high school-level math involved, the test is not so much focused on examining your math skills (although sharpening your math is a good first step when practicing), the assessors are looking at how well you can answer mathematical questions under pressure.

Numerical reasoning tests replicate what it's like to work at RBC - having to answer math questions and work out quick calculations on the spot. For this reason, you are typically given a minute to answer each question and they get progressively more challenging.

Royal Bank of Canada Verbal Reasoning Test

A verbal reasoning test assesses your ability to read, evaluate and interpret written information - you will need to identify things like assumptions, facts, inferences and be able to draw conclusions for text passages. Answers are multiple-choice and the test is also timed.

Verbal reasoning is an important skill at RBC as they are looking for employees who can interpret information well. The test replicates workplace scenarios such as if you were given a business report to read and summarize for a team - this would often require verbal reasoning, and so it is a useful skill across many divisions.

Royal Bank of Canada Situational Judgement Test

A situational judgement test assesses your choices when given business situations and scenarios similar to your role. It's a good indicator for RBC to judge your choices if you were placed in that situation at work and how you would respond.

Emotional intelligence, your ability to rationalize and communicate are just a few of the important skills being tested. Although in some cases there are no obvious right or wrong answers, it's important to be strategic and remember the values of RBC.

Other aptitude tests at Royal Bank of Canada

You might be asked to take part in a few other aptitude tests depending on the role you apply for. These could be an abstract reasoning test, personality assessment or EDPT test.

Abstract Reasoning Test: For this test, you are asked to work out the pattern from various shapes or images and asked to spot the trend.

Personality Assessment: You might be given a personality test that assesses your responses to statements based on how much you agree or disagree.

EDPT Test (programming roles only): for computer and IT-based roles, you may be asked to take part in an EDPT test that examines your ability to use computing logic.

Royal Bank of Canada Interview

If you are successful and pass the online assessments, the next stage of the process is several interview rounds. This involves meeting various managers and answering questions in a formal interview style setup. The questions will be based on motivations, behaviours, and situations you might experience in the role.

You'll likely be given a brief phone interview and then asked to attend one or multiple in-person interviews.

The interviews will be behavioural-based interview questions. RBC recommend following this framework to answer the questions:

  • Describe the situation, the action you took and what the outcome was
  • Listen carefully and ensure you are answering the question
  • Explain using examples from previous jobs or life experience

If successful, you will likely meet with your manager and other potential members of the team.

Sample Royal Bank of Canada (RBC) Assessments question Test your knowledge!

Score: /5

Which option demonstrates an ability to synthesize complex information effectively?

An employee receives a report detailing numerous financial transactions. Each transaction has associated risks and potential rewards. The most advantageous transactions must deliver a balance of low risk and high reward while fitting into the client's overall financial strategy.

  • Identifying the transaction with the highest potential reward, regardless of risk
  • Evaluating each transaction individually without considering the client's financial strategy
  • Choosing a transaction based solely on its low risk
  • Assessing transactions for their balance of risk and reward in the context of the client's financial strategy

If a savings account has an annual interest rate of 2% and the current balance is $25,000, what will be the account balance after one year, assuming no additional deposits or withdrawals?

  • $25,500
  • $26,000
  • $25,250
  • $25,500.00

During a client meeting, a financial advisor states that diversifying investments can reduce risk. Which of the below best captures the underlying principle of this advice?

  • To increase the portfolio's overall return.
  • To maximize the return on a single investment.
  • To spread potential risks across various investment vehicles.
  • To reduce the complexity of managing a portfolio.

A client's portfolio is divided into 4 different stocks. If at least 3 out of these 4 stocks need to rise in value for the portfolio to experience overall growth, what is this an example of?

  • Low portfolio diversification
  • A balanced investment strategy
  • Risk aversion
  • High liquidity preference

A sequence of interest rates over the last five years for a conservative investment product was reported as follows: 5%, 4.75%, 4.5%, 4.25%, and 4%. What can be inferred about the trend of risk associated with this investment product?

  • The risk has increased over time.
  • The risk has fluctuated unpredictably.
  • The risk has stayed the same over time.
  • The risk has decreased over time.

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Royal Bank of Canada (RBC) Assessments Tips

Get Familiar with Financial Concepts

Stepping into an exam without a grasp of the core concepts is a bit like walking into a storm without an umbrella—you're going to get soaked. For the Royal Bank of Canada's hiring process, familiarize yourself with basic and advanced financial concepts that the company deals with regularly. Fintest's practice tests offer a comprehensive overview that mimics what you might encounter, giving you that edge to stand out.

Simulate Test Conditions

Like a successful dress rehearsal before the big show, simulating test conditions is crucial. Set aside dedicated time without distractions to take Fintest's practice exams, mimicking the real test environment. This will not only prime your focus but also manage any exam-time anxiety, ensuring you're cool as a cucumber on the actual test day.

Understand the Question Styles

Every financial institution, including RBC, has a different testing style, from multiple-choice questions to complex problem-solving tasks. Using Fintest, examine different question types and learn the best strategies to approach them. Knowing what to expect means you won't be caught off guard. It's like knowing the punches before stepping into the ring.

Review and Reflect

After taking a practice test, don't just move on. Reflect and review your answers thoroughly. Fintest helps you identify where you went right and, more importantly, where you went wrong. Developing an understanding of your weaknesses offers you a chance to improve and turn potential stumbling blocks into stepping stones.

Time Management Skills

Time is of the essence during these exams. Hone your time management skills with Fintest's timed practice tests, which emulate the pacing of the real RBC exam. Learn to allocate your time efficiently across questions and sections to ensure you're not left scrambling when the clock is ticking down.

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Royal Bank of Canada (RBC) Assessments FAQs

What interview questions can I expect at RBC?

Expect interview questions at RBC to focus on your experience, problem-solving abilities, communication skills, and knowledge of the financial industry.

How many interview rounds are at RBC?

RBC generally has 2-3 interview rounds, including phone screenings, video or in-person interviews, and a final interview with a hiring manager or senior leadership.

Is RBC a good employer?

RBC is considered a good employer, known for its inclusive culture, growth opportunities, and competitive benefits.

Where can I practice RBC test questions for the assessment?

You can practice free RBC test questions to get familiar with the format and improve your test score using our online platform - no credit card required.