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Royal Bank of Canada salaries
Royal Bank of Canada salary estimate
$88,958yearly
Royal Bank of Canada Salaries Overview
The Royal Bank of Canada (RBC) offers a wide range of salaries depending on job roles, locations, and departments. The average annual salary across the organization is $88,958, but this figure reflects significant variability. For example, top positions like managing director earn an average of $214,712, while vice presidents in fixed income earn approximately $173,058.
Salary Variations by Role
On the lower end of the scale, positions such as data entry clerks receive around $31,144 annually. The stark contrast in salaries emphasizes the diverse career opportunities available within the bank. Notably, the corporate management department offers the highest average salary at $155,701, compared to the customer service department's average of $41,790.
Impact of Location
Location greatly influences compensation at RBC. Salaries in New York are notably higher, reflecting the city's elevated cost of living and competitive job market. Competitor analysis reveals that First Republic Bank leads with the highest average salary of $108,055, closely followed by AllianceBernstein at $106,474.
Understanding these salary dynamics can aid job seekers in making informed career choices within the banking sector.
Highest paying jobs at Royal Bank of Canada
The highest paying jobs at Royal Bank of Canada are managing director, vice president, fixed income, director of sales, and credit officer. Managing director jobs at Royal Bank of Canada earn an average yearly salary of $214,712, Royal Bank of Canada vice president, fixed income jobs average $173,058, and Royal Bank of Canada director of sales jobs average $150,316.
The lowest paying Royal Bank of Canada roles include data entry clerk and teller. Royal Bank of Canada data entry clerk average salary is $31,144 per year. So while the average Royal Bank of Canada salary is $88,958 there is a big variation in pay depending on the role.
Highest paying jobs at Royal Bank of Canada
| Rank | Job title | Average Royal Bank of Canada salary | Hourly rate |
|---|---|---|---|
| 1 | Managing Director | $214,712 | $103.23 |
| 2 | Vice President, Fixed Income | $173,058 | $83.20 |
| 3 | Director Of Sales | $150,316 | $72.27 |
| 4 | Credit Officer | $134,835 | $64.82 |
| 5 | Lead Technician | $134,232 | $64.53 |
| 6 | Sales Person | $126,302 | $60.72 |
| 7 | Senior Software Engineer | $126,122 | $60.64 |
| 8 | Client Advisor | $122,483 | $58.89 |
| 9 | Trader | $114,250 | $54.93 |
| 10 | Quality Assurance Engineer | $114,230 | $54.92 |
| 11 | Project Manager | $111,801 | $53.75 |
| 12 | Java/J2ee Developer | $110,003 | $52.89 |
| 13 | Banking Associate | $109,592 | $52.69 |
| 14 | Business Analyst | $109,041 | $52.42 |
| 15 | Senior Underwriter | $107,257 | $51.57 |
| 16 | Team Leader | $105,775 | $50.85 |
| 17 | SAS Programmer | $96,963 | $46.62 |
| 18 | Quality Assurance Analyst | $93,990 | $45.19 |
| 19 | Consultant | $93,408 | $44.91 |
| 20 | SQL Server Developer | $92,187 | $44.32 |
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Average Royal Bank of Canada salary by state
Royal Bank of Canada pays the highest salaries in New York due to higher costs of living and competition in the state.
| Rank | State | Average Royal Bank of Canada salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $103,239 | $49.63 |
| 2 | New Jersey | $99,170 | $47.68 |
| 3 | Massachusetts | $98,141 | $47.18 |
| 4 | California | $98,120 | $47.17 |
| 5 | Washington | $95,297 | $45.82 |
| 6 | Delaware | $91,714 | $44.09 |
| 7 | Maryland | $91,644 | $44.06 |
| 8 | Virginia | $89,968 | $43.25 |
| 9 | Pennsylvania | $89,281 | $42.92 |
| 10 | Maine | $87,939 | $42.28 |
| 11 | Minnesota | $86,514 | $41.59 |
| 12 | Illinois | $86,199 | $41.44 |
| 13 | North Carolina | $84,445 | $40.60 |
| 14 | Ohio | $84,381 | $40.57 |
| 15 | Colorado | $83,259 | $40.03 |
| 16 | Arizona | $83,058 | $39.93 |
| 17 | Texas | $81,659 | $39.26 |
| 18 | Florida | $73,868 | $35.51 |
How much does Royal Bank of Canada pay by location?
Highest paying Royal Bank of Canada locations
| Rank | Location | Average Royal Bank of Canada salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $103,504 | $49.76 |
| 2 | Jersey City, NJ | $99,432 | $47.80 |
| 3 | Baltimore, MD | $91,946 | $44.20 |
| 4 | Minneapolis, MN | $86,404 | $41.54 |
| 5 | Raleigh, NC | $85,602 | $41.15 |
| 6 | Denver, CO | $83,036 | $39.92 |
| 7 | Houston, TX | $81,137 | $39.01 |
| 8 | Eagle, ID | $78,999 | $37.98 |
| 9 | Orlando, FL | $74,583 | $35.86 |
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Royal Bank of Canada salaries by department
Salaries at Royal Bank of Canada vary depending on the department you work in. Royal Bank of Canada salaries in the corporate management department are the highest with an average salary of $155,701. Employees in the business development department at Royal Bank of Canada receive relatively high salaries as well, with an average salary of $121,250 per year. Departments that don't pay as well at Royal Bank of Canada include the customer service and the administrative organizational functions, with employees earning average salaries of $41,790 and $46,083, respectively.
Average Royal Bank of Canada salary by department
| Rank | Department | Average Royal Bank of Canada salary | Hourly rate |
|---|---|---|---|
| 1 | Corporate Management | $155,701 | $74.86 |
| 2 | Business Development | $121,250 | $58.29 |
| 3 | Engineering | $109,248 | $52.52 |
| 4 | Marketing | $108,269 | $52.05 |
| 5 | IT | $105,811 | $50.87 |
| 6 | Plant/Manufacturing | $105,652 | $50.79 |
| 7 | Finance | $88,685 | $42.64 |
| 8 | Sales | $87,304 | $41.97 |
| 9 | Accounting | $79,526 | $38.23 |
| 10 | Retail | $51,217 | $24.62 |
| 11 | Administrative | $46,083 | $22.16 |
| 12 | Customer Service | $41,790 | $20.09 |
How much does Royal Bank of Canada pay by department?
Best paying Royal Bank of Canada finance salaries
| Rank | Position | Average Royal Bank of Canada salary | Hourly rate |
|---|---|---|---|
| 1 | Vice President, Fixed Income | $173,058 | $83.20 |
| 2 | Portfolio Manager | $157,579 | $75.76 |
| 3 | Risk Manager | $128,493 | $61.78 |
| 4 | Associate Director | $128,179 | $61.62 |
| 5 | Client Advisor | $122,483 | $58.89 |
| 6 | Quantitative Analyst | $118,853 | $57.14 |
| 7 | Trader | $114,250 | $54.93 |
| 8 | Banking Associate | $109,592 | $52.69 |
| 9 | Contracts Administrator | $107,384 | $51.63 |
| 10 | Senior Underwriter | $107,257 | $51.57 |
| 11 | Finance Analyst | $100,706 | $48.42 |
| 12 | Consultant | $93,408 | $44.91 |
| 13 | Finance Advisor | $91,878 | $44.17 |
| 14 | Wealth Management Internship | $87,224 | $41.93 |
| 15 | Registered Representative | $84,146 | $40.45 |
| 16 | Investment Banking Internship | $78,920 | $37.94 |
| 17 | Bank Officer | $70,254 | $33.78 |
| 18 | Loan Administrator | $48,855 | $23.49 |
| 19 | Mortgage Banker | $45,838 | $22.04 |
| 20 | Blood Bank Assistant | $45,739 | $21.99 |
Best paying Royal Bank of Canada engineering salaries
| Rank | Position | Average Royal Bank of Canada salary | Hourly rate |
|---|---|---|---|
| 1 | Vice President, Software Development | $143,283 | $68.89 |
| 2 | Data Architect | $131,401 | $63.17 |
| 3 | Senior Software Engineer | $126,122 | $60.64 |
| 4 | Database Administrator | $122,775 | $59.03 |
| 5 | Project Leader | $121,500 | $58.41 |
| 6 | SAP Basis Consultant | $113,450 | $54.54 |
| 7 | ETL Lead | $112,725 | $54.19 |
| 8 | Java/J2ee Developer | $110,003 | $52.89 |
| 9 | Web Sphere Administrator | $109,654 | $52.72 |
| 10 | Senior Technical Analyst | $107,766 | $51.81 |
| 11 | SAS Programmer | $96,963 | $46.62 |
| 12 | Clinical Statistical Programmer | $96,050 | $46.18 |
| 13 | Test Engineer | $95,405 | $45.87 |
| 14 | SQL Server Developer | $92,187 | $44.32 |
| 15 | ETL Tester | $89,433 | $43.00 |
| 16 | Technical System Analyst | $89,137 | $42.85 |
Best paying Royal Bank of Canada IT salaries
| Rank | Position | Average Royal Bank of Canada salary | Hourly rate |
|---|---|---|---|
| 1 | Information Technology Director | $152,309 | $73.23 |
| 2 | Accelerator Systems Director | $145,678 | $70.04 |
| 3 | Infrastructure Manager | $136,105 | $65.44 |
| 4 | Credit Officer | $134,835 | $64.82 |
| 5 | Information Technology Project Manager | $131,970 | $63.45 |
| 6 | Enterprise Architect | $129,923 | $62.46 |
| 7 | Solutions Architect | $127,198 | $61.15 |
| 8 | Senior Linux Engineer | $124,345 | $59.78 |
| 9 | Security Engineer | $124,248 | $59.73 |
| 10 | Project Leader | $121,500 | $58.41 |
| 11 | Unix Administrator | $110,868 | $53.30 |
| 12 | Internal Audit Internship | $103,891 | $49.95 |
| 13 | Senior Data Analyst- | $101,825 | $48.95 |
| 14 | Credit Analyst | $98,723 | $47.46 |
| 15 | Network Technician | $92,802 | $44.62 |
| 16 | Technical System Analyst | $89,137 | $42.85 |
| 17 | Associate System Administrator | $85,220 | $40.97 |
| 18 | Technical Support Specialist | $81,753 | $39.30 |
| 19 | Computer Operator | $39,158 | $18.83 |
| 20 | Deposit Clerk | $33,859 | $16.28 |
Royal Bank of Canada competitors’ average salaries
Average salaries at Royal Bank of Canada competitors, like First Republic Bank, AllianceBernstein, and Wellington Management, vary. First Republic Bank employees earn the highest salaries, with an average yearly salary of $108,055. The average salary at AllianceBernstein is $106,474 per year, and the average salary at Wellington Management is $100,217 per year.
Highest paying Royal Bank of Canada competitors
| Rank | Company name | Zippia score | Average salary |
|---|---|---|---|
| 1 | First Republic Bank | 4.6 | $108,055 |
| 2 | AllianceBernstein | 4.3 | $106,474 |
| 3 | Wellington Management | 4.9 | $100,217 |
| 4 | Westpac | 4.9 | $99,041 |
| 5 | Mark-It | 4.7 | $98,072 |
| 6 | Credit Agricole CIB | 4.9 | $96,783 |
| 7 | Invesco | 4.6 | $96,202 |
| 8 | Western Asset Management | 4.8 | $96,201 |
| 9 | ABN AMRO Chicago Corporation | 4.4 | $92,764 |
| 10 | Standard Chartered | 4.8 | $85,592 |
| 11 | Brandes Investment Partners | 4.7 | $84,191 |
| 12 | Polaris Partners | 4.4 | $77,228 |
| 13 | bepress | 4.2 | $76,327 |
| 14 | Federated Investors | 4.6 | $74,932 |
| 15 | The Vanguard Group | 4.6 | $71,689 |
| 16 | Bernstein Private Wealth Management | 4.5 | $71,501 |
| 17 | Banking | 4.1 | $68,832 |
| 18 | Signature Bank | 3.9 | $65,722 |
| 19 | Cetera Financial Group | 4.8 | $63,159 |
| 20 | Wilmington Trust | 4.4 | $59,621 |
Recently added Royal Bank of Canada salaries
| Job | Location | Date added | Salary |
|---|---|---|---|
| Senior Auditor-Compliance & Risk Management, RBC Bank | Raleigh, NC | 06/28/2025 | $80,000 |
| Risk Manager-Trade Support | Minneapolis, MN | 06/28/2025 | $65,000 |
| Client Associate/Registered Client Associate | Los Angeles, CA | 06/27/2025 | $45,000 |
| Client Associate/Registered Client Associate | Syracuse, NY | 06/27/2025 | $35,000 |
| Operations Initiative Manager | Minneapolis, MN | 06/27/2025 | $65,000 |
What employees say about salary at Royal Bank of Canada
It was a great experience and I learned a lot and was able to move up the ladder
It was a small company and there was limited opportunities to get a managerial position
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Frequently asked questions about Royal Bank of Canada salaries
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Zippia gives an in-depth look into the details of Royal Bank of Canada, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Royal Bank of Canada. The employee data is based on information from people who have self-reported their past or current employments at Royal Bank of Canada. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Royal Bank of Canada. The data presented on this page does not represent the view of Royal Bank of Canada and its employees or that of Zippia.
Royal Bank of Canada may also be known as or be related to ROYAL BANK OF CANADA, Royal Bank Of Canada and Royal Bank of Canada.