First Republic (CA)

www.firstrepublic.com

First Republic (CA) Reviews

Updated January 29, 2015
Updated January 29, 2015
97 Reviews
3.2
97 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
First Republic (CA) Chairman and CEO James H. Herbert II
James H. Herbert II
67 Ratings

Review Highlights

Pros
  • Co-workers are extremely competent and focused on customer service both internal and external (in 6 reviews)

  • The bank is full of good people, and the subsidized cafe is a nice thing to have (in 6 reviews)


Cons
  • No work life balance, it is almost frowned upon if you only work an 8 hour day (in 5 reviews)

  • Budget cuts interfere with department goals while upper management continues to pressure for results (in 7 reviews)

More Highlights

59 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Stable environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA) full-time (more than 3 years)

    Pros

    Great culture, excellent C level management.

    Cons

    Very limited growth opportunities for growth. Middle management is stagnant.

    Advice to ManagementAdvice

    Nurture growth, provide more opportunities to grow within the company.

    Recommends
    Positive Outlook
  2. 1 person found this helpful  

    Great people, lagging technology

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA)

    Pros

    -nimble,entrepreneurial feel
    -top tier talent
    -unique, collaborative culture

    Cons

    -lagging technology
    -can be prone to death by consensus

    Advice to ManagementAdvice

    -invest in younger talent
    -make career paths clear

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    A great place to learn and do fulfilling work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Data Manager in San Francisco, CA
    Current Employee - Data Manager in San Francisco, CA

    I have been working at First Republic (CA) full-time (more than 3 years)

    Pros

    I have been here for 4+ years. FRB is "not just another bank" - it is a very successful, greatly respected full service financial firm that has retained many positive qualities of a start-up or a family business.
    1. Our attention to customers and clients is off the chart
    2. Very, very flat organization - I can approach anyone with an idea or a contribution
    3. Cafe - from Wolfgang Puck
    4. Pay for performance
    5. You get your birthday off (I don't know of any other finance firm that offers something like that)
    6. I get to work every day with very smart, very committed, very focused people

    Cons

    1. The pain associated with growth - we have grown explosively since we became independent in 2010
    2. Management can trend too conservative sometimes, but I see it improving - they are becoming more open minded and aware what they need to do to be a competitive employer

    Advice to ManagementAdvice

    1. Maintain the relentless focus on the client and their experience - it is absolutely what distinguishes us
    2. As we grow, recognize we will need more and different structural tools (budgets, employee education opportunities)
    3. Continue to hold fast to the FRB Values (which are exemplary) and if a concept or situation does not pass Values scrutiny, move on

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    opportunity killer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Servicing in San Francisco, CA
    Current Employee - Loan Servicing in San Francisco, CA

    I have been working at First Republic (CA)

    Pros

    cheap cafe food
    quarter / annual bonuses

    Cons

    poor management
    unhappy workers
    solution to every problem is overtime

    Advice to ManagementAdvice

    know each employees job function and be ready to step in when needed

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Solid high growth company, mediocre career opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA) full-time (more than a year)

    Pros

    Friendly employees, solid benefits and a pleasant work environment

    Cons

    Classic big-bank hierarchy, impossible to work efficiently with increased compliance, lacking in internal growth potential

    Advice to ManagementAdvice

    Stay focused on the original vision of the bank and stop raising fees for Private Wealth--it detracts from the business model. Allow more opportunities for growth within the firm and better incentivize referrals/asset gathering. Make the company structure flatter.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Great People

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Information Systems
    Current Employee - Information Systems

    I have been working at First Republic (CA)

    Pros

    -Members of the management team do care about their employees and their well being
    -Subsidized Cafe
    -Co-workers can be wonderful to work with and can be collaborative
    -There can be growth if you work hard
    -Company has great values, but not necessarily always followed.

    Cons

    -Some senior managers do not care at all about the well being of their employees
    -We are a fast paced environment and often hire individuals who may get the job done, but are not the right personality fit. Recently, we have been hiring people who get around by cutting corners and stepping on people, which does not fit with the values of the company
    -The company does a bad job on promoting people based on how hard they work or skill set.
    -Our company strives to be the best in customer service, which is wonderful, but at the same time it causes there to be a minimal work life balance for those who do their jobs well. There is a work life balance for some jobs in the company and for those who do not do their job well.

    Advice to ManagementAdvice

    Take the time to really look at the new management you are bringing into the group. You will continuously lose your strongest employees if you hire managers who are only concerned with metrics, numbers, or how they look to their bosses and above. Your people are your strongest assets.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Mixed bag

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA) full-time (more than a year)

    Pros

    Puts clients first
    [Most] employees are friendly
    Tries to be unlike typical banks

    Cons

    Culture is not consistent across all departments
    Not all employees are treated the same - there is a clear hierarchy and bankers reign supreme
    Employee benefits are not in keeping with the market

    Advice to ManagementAdvice

    Follow the example set by leaders like Gary Kelly and treat ALL of your employees better than your clients (instead of the other way around) and your employees will return the favor and take care of the clients.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Entrepreneurial spirit

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA) full-time (more than 5 years)

    Pros

    Great employees, fun atmosphere, limited bureaucracy. Make what you want of your career here - you aren't placed into a box and can only stay put or move up on that one track, you can make the most of your career and do whatever you want to do.

    Cons

    Basically no work-life balance. Needs to start to be more competitive with the rest of the job industry in allowing flex-time/personal days/work from home benefits/etc.

    Advice to ManagementAdvice

    If you want First Republic to act like a start-up an attract entrepreneurial individuals, you need to offer the same perks that those other companies offer.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Entrepreneurial, independent yet collaborative work environment!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA

    I have been working at First Republic (CA) full-time (more than 5 years)

    Pros

    If you are ready to work hard and really care about the work you put out, this is a great place to work. If you are looking for a 9 AM to 5 PM job, this isn't the place for you. I am empowered and encouraged to represent the Bank to the best of my ability each and every day. I am trusted to bestow the Bank's vision upon our new hires. My career path is what I make of it and I am happy.

    Cons

    Some internal systems are outdated.
    New hire onboarding process is cumbersome and delayed.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Politics, politics, politics!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA)

    Pros

    Occasional company/department gatherings with free food and drinks.

    Excellent work schedule..you can come in anytime before 9 to work your 8 hrs.

    Cons

    Very cut throat and lots of politics. I've seen a manager get their department taken away from them while they were on vacation. You never know who's really your friend or is really there to sabotage your career.
    You can't voice your concerns or ask questions--you will face consequences if you do.

    Advice to ManagementAdvice

    No one ever seems to really know the policies and procedures. Everything is in the "gray area" and everyone seems to do things differently. They need to implement actual policies and procedures--so employees can finally stop playing the blame game when things go down.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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