MINNEAPOLIS, Minnesota (May 17, 2017) – This summer, when RBC Wealth Management-U.S. welcomes nearly two-dozen interns to the firm, executives will have a unique ask: Work side-by-side with us to re-imagine how we work and how we can continue to meet clients’ needs in an ever-changing environment.
“Our industry, like most others, is constantly adapting to the rapid pace of change brought on by new technology, new kinds of competitors and a new kind of client that consumes our services differently than any other generation we’ve served,” said Tom Sagissor, president of RBC Wealth Management-U.S. “By re-designing our summer internship program to really tap into the talent, unique perspectives and brainpower of the young people who participate, we think we can not only give them a better experience, but gain valuable insights for our business.”
Modeled after reverse mentoring, RBC Wealth Management’s Reverse Internship Program will group interns into small teams, which, in addition to their day-to-day responsibilities, will work collectively on maximizing a specific business opportunity for the firm or solving a particular business challenge.
Interns, who will work across multiple departments at the firm, will be given direct access to senior leaders throughout the summer and will have the opportunity to present their ideas directly to senior executives at the end of the program.
“Most internships are a one-way learning experience designed to give college students exposure to their chosen industry or career,” said Lisa Sorenson, head of human resources at RBC Wealth Management-U.S. “This year, we’ve turned our program on its head, opening up the lines of communication between our interns and our executives so we can learn from each other.”
The redesigned program will also keep interns connected throughout the upcoming school year, offering participants a stipend to keep tabs on their project or idea and, potentially, to see it through to inception.
“Today’s college students are incredibly technologically savvy, globally-minded and creative,” Sagissor said. “I can’t wait to see how their fresh perspectives impact our business.”
In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Capital Markets, LLC is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $289 billion in total client assets with approximately 1,800 financial advisors operating in 200 locations in 40 states.
Nicole Garrison, RBC Wealth Management612-371-2999, nicole.garrison@rbc.com
Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.