Through the first round at RBC Capital Markets? Here is how the final round works, who you meet, what RBC selects for, the questions to prepare and how fast you hear back.
Key facts
- Before it: A 30-minute first round by phone or in person. In recent US processes it has been a phone call with two associates (Dallas, Dec 2025, summer 2027) or a virtual round (Houston, Feb 2025, summer 2026).1,10,5
- Interviews: RBC says two to three interviews. Houston has run six in person: back to back in Feb 2025 (summer 2026), and six short ones in two hours in May 2022. San Francisco ran four back-to-back 30-minute interviews (Apr 2021).1,5,6,7
- Who you meet: Various professionals who work in the business you applied to. A New York Sales & Trading superday (Jun 2021) had three fairly senior interviewers.1,9
- Where: RBC says that in certain cases it invites finalists back to its offices, and the Houston superdays in 2022 and 2025 were in person.1,5,6
- What it tests: A Houston superday was five behavioral interviews and one technical (2022). RBC selects for collaboration, relationship building, communication, integrity and a diverse and inclusive mindset.6,2
- Timing: For summer 2027, one invite came five days after a Feb 11, 2026 first round. A New York generalist was invited back a week after a phone first round (Mar 2020).4,8
- Hearing back: One offer call came two hours after the superday (Feb 2026, summer 2027).4
RBC also uses the final round to tell you about itself so you can judge whether it is the right fit, so bring questions about the group and the office.1
What the RBC Capital Markets superday looks like
The first round first
If you are selected after applying, RBC sets up a 30-minute first round by phone or in person, reviewing your technical abilities, interpersonal skills, long-term potential and fit. Recent US first rounds have been mostly behavioral, with a few minutes of market questions.1,10
The invite
Superday invites have come within days to a week of the first round. For summer 2027, one first round on Feb 11, 2026 led to a superday call on Feb 16. Interviews go out in waves, and early-ID superdays in New York were expected in February and March 2026.4,8
The rounds
RBC describes a final round of two to three interviews with professionals from the business you want, in certain cases at its offices. Some offices run more: Houston has held six short interviews in person, back to back in 2025, and San Francisco four of 30 minutes.1,5,6,7
What they test
Expect fit to weigh as heavily as technicals. A Houston superday was five behavioral interviews and one technical. RBC's posting names the behaviors it selects for and asks for a well-rounded set of interests beyond academics, so your stories and your interests will get time.6,2
What the job asks for
Summer analysts build and maintain financial models, create pitch books and client materials, research market trends and support live deals. Show the interviewers you know what the 10 weeks involve.2
The rounds, by office
- Investment Banking, Houston (Feb 2025, summer 2026) R1, then 6 interviews
- A virtual first round, then six back-to-back interviews in person. The whole process took under a month.
- Investment Banking, Houston (May 2022) 6 short, 2 hours
- A 45-minute video first round with an analyst and an associate; superday of five behavioral interviews and one technical.
- Investment Banking, San Francisco (Apr 2021) 4 x 30 min
- First round with a Director, then four back-to-back interviews.
- Generalist, New York (Mar 2020) R1, then superday
- A phone first round, then a superday invite a week later.
- Sales & Trading, New York (Jun 2021) 3 interviewers
- A first round with a junior member, then three fairly senior interviewers.
Each row is one office's process, with the month it ran; the older rows are for shape only. RBC itself describes two to three final-round interviews.1,5,6,7,8,9
Before your superday
- Every line of your resume, told without looking at it.
- Five or six short stories, one for each behavior RBC selects for: collaboration, relationship building, communication, integrity and an inclusive mindset.
- A deal you have followed in the group you want, with the buyer, the price and your view.
- A sector view you can defend for two minutes; real estate has come up in Dallas.
- The basics cold: the three statements, a DCF and the main multiples.
- Why RBC, why this group and why this office, in one minute.
- Questions for each interviewer about the group, since RBC uses the day to show you the firm.
- Energy for six short rounds in a row if you are in Houston.
The questions
RBC describes its first round as a competency-based review of technical ability, interpersonal skills, long-term potential and fit. In US reports, behavioral and motivation questions take most of the time in both rounds, with market and deal questions alongside.1,10,6
- Behavioral: Leadership, teamwork and mentoring stories, matched to the behaviors RBC selects for.
- Fit and motivation: Why RBC, why capital markets, why this group and office.
- Markets and deals: A deal you have followed; a sector you would invest in.
- Technical: Expect at least one technical round in the day: the three statements, valuation and multiples.
Which division question you get
- Investment Banking, Houston
- Feb 2025 (summer 2026): a virtual first round, then six interviews back to back in person. May 2022 (Oil & Gas): six short interviews in two hours, five behavioral and one technical.5,6
- Investment Banking, Dallas
- Dec 2025 (summer 2027): a phone first round with two associates, mostly behavioral with a little market knowledge. What sector of real estate would you invest in right now?10
- Investment Banking, San Francisco
- Apr 2021: a first round with a Director, then four back-to-back 30-minute interviews.7
- Public Finance, New York
- Aug 2026 (summer 2027): straight from the application to a first round, behavioral with about five minutes of market questions. Tell me about a deal you have been following.10
- Sales & Trading, New York
- Jun 2021: a first round with a junior member, then a superday with three fairly senior interviewers.9
- Municipal Finance and Corporate BankingBest guess
- Expect the Public Finance pattern: mostly behavioral, plus questions on a recent bond or loan deal and on rates.
The Municipal Finance and Corporate Banking line is our best guess from the Public Finance and investment banking processes above.
Using RBC Capital Markets's values in your answers
RBC says it is guided by five shared values, and its 2028 summer analyst posting names the behaviors it selects for: collaboration, relationship building, communication, integrity and a diverse and inclusive mindset.2
- Client First
“Client First”2
Why this group, and any story where you put someone else's goal ahead of your own.
- Integrity
“Integrity”2
Judgment questions about a rule, a shortcut or a mistake you owned.
- Collaboration
“Collaboration”2
Teamwork stories, especially across groups or with people who disagreed.
- Respect
“Respect”2
Mentoring and inclusion stories, like the mentor question above.
- Excellence
“Excellence”2
Leadership and results stories, with a number in them.
The value names are RBC's own, from its posting. Matching them to questions is Intervyo's advice: let one value carry each story rather than reciting the list.
Example questions and how to answer them
Markets and deals"Tell me about a deal you have been following."10
- 1Name the deal: buyer, target, size and when it was announced.
- 2Give the logic: why the buyer wanted it, strategic or financial.
- 3Give one number: the multiple, the premium or the financing.
- 4Close on your view and the main risk.
Tip: Asked in a New York Public Finance first round in August 2026. Pick a deal in the group you applied to, and if RBC advised on it, know which side.
Example answer, written by Intervyo (not a real candidate)
Written by Intervyo as an example. I have been following a utility's acquisition of a regional gas distributor, announced this spring at about $4 billion including debt. The logic is rate base growth: the buyer gets a regulated business with steady returns and room to invest in pipe replacement. It paid around 11 times EBITDA, a premium to recent utility deals, and funded it with new debt and a forward equity sale. I think it works if regulators approve the rate cases on time; the risk is that a delayed approval leaves the buyer carrying the extra debt without the earnings.
Markets and deals"What sector of real estate would you invest in right now?"10
- 1Pick one sector and say it first.
- 2Give two reasons: demand, supply and where rates are.
- 3Name one number you watch: vacancy, rent growth or cap rates.
- 4Give the risk and what would change your mind.
Tip: Asked in a Dallas investment banking first round in December 2025. Expect a sector question like it at the superday for whichever group you name.
Example answer, written by Intervyo (not a real candidate)
Written by Intervyo as an example. Industrial, and specifically smaller warehouses close to big cities. Demand from e-commerce and same-day delivery keeps growing, while new supply near city centers is hard to build because land is scarce and zoning is slow. I watch vacancy rates in those submarkets, which have stayed low even as big-box warehouse vacancy has risen. The risk is that higher rates keep cap rates up and values flat for longer, so I would want assets where rents can be reset soon.
Behavioral"Tell me about a time you acted as a mentor."10,2
- 1Situation: who you mentored and what they needed.
- 2What you did, over time, not once.
- 3The result for them, with a sign you can point to.
- 4What you learned about working with people.
Tip: The most unexpected question in a New York early-ID interview (Oct 2025, summer 2027). It maps to the relationship building RBC selects for.
Example answer, written by Intervyo (not a real candidate)
Written by Intervyo as an example. When I joined my school's investment club as a junior, I was paired with two first-years who had no finance background. I set up a weekly half-hour session where we read one earnings release together and built a simple comps table. After a semester, one of them pitched a stock to the club for the first time and the other joined our consumer team. I learned that people stick with something when they have a small, regular win, and I now try to give new team members one early task they can own.
Fit and motivation"Why RBC, and why capital markets?"10,3
- 1Start with the work: what you want to do in the group you applied to.
- 2Give one reason that is RBC's: a group, a deal, a person you spoke with.
- 3Link it to something you have already done.
- 4Close on why this office.
Tip: Asked in a New York Advisory Program interview in October 2026, beside questions on a finance club and a leadership experience. RBC uses the final round to sell itself too, so show you have done your homework.
Example answer, written by Intervyo (not a real candidate)
Written by Intervyo as an example. I want to work on energy deals, and RBC's Houston office recruits its summer analysts straight into the Energy group, so I would be on the deals I have studied since my internship at an oil and gas operator. RBC also pairs a big balance sheet with an advisory team, which matters for capital-intensive energy clients. When I spoke with an analyst in the group, what stood out was how much client contact juniors get, and that fits how I like to work.
Behavioral"Tell me about a leadership experience."10,2
- 1Pick a role where you were responsible for a result, not only a title.
- 2Say what was hard: a deadline, a disagreement, a gap in the team.
- 3Say what you did, and how you brought people with you.
- 4Give the result in a number, and what you would do differently.
Tip: Asked in the same New York Advisory Program interview (Oct 2026, summer 2028). Collaboration and communication are both on RBC's list, so show how you led with the team, not over it.
More RBC Capital Markets superday questions
Fit and motivation
Markets and deals
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How long to hear back after the superday
The superday has followed the first round within days to a week, and decisions come fast. Houston moved first for summer 2027, and New York interviews went out in waves through February and March.4,8
Mar 2020
Generalist, New York
A phone first round, then an invite back to the superday a week later; two to three months in all.8
May 2022
Investment banking, Houston (Oil & Gas)
A video first round, then a two-hour in-person superday and an offer, in less than a month.6
Feb 2025 (summer 2026)
Investment banking, Houston
A virtual first round and an in-person superday of six interviews back to back, in less than a month.5
Dec 2025 (summer 2027)
Investment banking, Houston
Houston offers were out by Dec 22, 2025, while New York early-ID applicants were told superdays would come in February and March.4
Feb 2026 (summer 2027)
Investment banking, US
First round on Feb 11, a superday call on Feb 16, and an offer call two hours after the superday.4
Feb 2026 (summer 2027)
Investment banking, US
First-round feedback was due on a set day, so non-target superday invites followed the next week; later waves were still running.4
A "thank you for interviewing" email may not say whether you have moved on. Ask your recruiter if the next step is unclear.4
Best guessExpect a call within a day or two of the superday. If a week passes, send your recruiter one short, polite note.
What happens after the superday
Online application
Resume and the online form on RBC's Workday board, one posting per office.1,2
Online assessment
Online tests before the first round. In the summer 2025 cycle one sitting held numerical and logical reasoning, verbal reasoning and a behavioral test, and Houston (Feb 2025, summer 2026) and Dallas (Dec 2025, summer 2027) investment banking processes included a personality test.10,5
First round
Done. A 30-minute phone or in-person interview reviewing technical ability, interpersonal skills, potential and fit.1
SuperdayYou are here
This page. Two to three interviews with people from your business, often at RBC's offices; more in some offices.1,5,7
Offer
RBC asks you to weigh your options once an offer comes. For one summer 2027 candidate it came by phone two hours after the superday.1,4
First round vs superday
The first round is short and mostly behavioral; the superday is longer, often in person, with people from the business you applied to.
FAQ
How many interviews are in an RBC Capital Markets superday?
RBC describes two to three. Some offices run more: Houston held six short interviews in person in 2022 and 2025 (back to back in 2025), and San Francisco four of 30 minutes in 2021.1,5,6,7
Is there a first round before the RBC superday?
Yes. RBC sets up a 30-minute first round by phone or in person, which reviews your technical ability, interpersonal skills, potential and fit, before inviting you back for the final round.1
How technical is the RBC Capital Markets superday?
Mostly behavioral, going by US reports. A Houston superday was five behavioral interviews and one technical (2022), and recent US first rounds were mostly behavioral with some market questions. Still know the three statements, a DCF and the main multiples.6,10
Is the RBC superday virtual or in person?
RBC says that in certain cases it invites finalists back to its offices, and Houston superdays in 2022 and 2025 were in person. Ask your recruiter when the invite comes.1,5,6
When do you hear back after an RBC superday?
Fast. For summer 2027, one offer call came two hours after the superday in February 2026. Interviews and offers go out in waves.4
What does RBC Capital Markets look for in a superday?
Its posting names collaboration, relationship building, communication, integrity and a diverse and inclusive mindset, plus a well-rounded set of interests beyond academics. Its interviews review technical ability, interpersonal skills, long-term potential and fit.2,1
Superday at other firms
Sources
Firm pages first, then dated candidate reports. Last checked Nov 4, 2026.
- 1RBC Capital Markets: Working Here
- 2RBC (early-talent job board): 2028 Capital Markets, Global Investment Banking Summer Analyst (New York)
- 3RBC (early-talent job board): 2028 Capital Markets, Global Investment Banking Summer Analyst (Houston)
- 4Candidate discussion on a public forum: RBC 2027 SA Mega Thread (from Nov 2025)
- 5Candidate report on a public forum: Investment Banking Summer Analyst interview, Houston (Feb 2025)
- 6Candidate report on a public forum: Summer Analyst interview, Oil & Gas, Houston (May 2022)
- 7Candidate report on a public forum: Summer Analyst interview, Generalist, San Francisco (Apr 2021)
- 8Candidate report on a public forum: Summer Analyst interview, Generalist, New York (Mar 2020)
- 9Candidate report on a public forum: Sales and Trading Summer Analyst interview, New York (Jun 2021)
- 10Candidate reports on a public forum: RBC Capital Markets Interview Questions (2026)
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