First Republic (CA)

  www.firstrepublic.com
  www.firstrepublic.com
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First Republic (CA) Reviews

Updated September 13, 2014
Updated September 13, 2014
67 Reviews
3.0
67 Reviews
Rating Trends

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

Review Highlights

Pros
  • Great location (if you're in SF), excellent customer service levels (in 5 reviews)

  • Great company, great people, great food at discounted price (in 4 reviews)


Cons
  • flat hierarchy but massive preference from upper management to workers that they "like" (in 4 reviews)

More Highlights

37 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Never a Dull Moment: High Growth, Fast Paced, Meritocracy

    • 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 for more than 10 years

    Pros

    The people. I am fortunate to work with some truly amazing people who are incredibly smart and experienced and who have high standards for themselves, work hard, enjoy what they do and know how to have fun. I get to work with people who have a passion for service, enjoy doing the right thing and have a desire to help others.

    The culture. There is a shared belief in the importance in and value of collaboration, the team, responsibility, trust, empowerment and accountability.

    The pace. One of our values is quite literally reflective of how we operate: move fast, move forward. This creates a work day filled with a lot of activity and I enjoy being busy, having a lot to do and working in a fast paced environment.

    Cons

    If you are looking for a job or a company that is focused on a 9 to 5 work day, this is not the place for you.

    Advice to ManagementAdvice

    Continue to maintain an ‘open-door’ policy.
    Further the efforts to visit other offices outside of SF.
    Promote the importance of the continued maintenance of the unique and collaborative service culture that is First Republic.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Best bank culture with authentic and intelligent people but stagnant career growth

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

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

    Pros

    Low stress environment, generous bonuses, most accomplished bankers from all big banks highly motivated to provide clients with a better experience than competitor banks.

    Cons

    Very slow at certain offices, can go an entire day helping only a handful of clients. Earning a promotion is very difficult even for consistently exceeding goals because the bank is growing much slower than other banks.

    Advice to ManagementAdvice

    Don't be afraid to move into the 21st century and innovate. Yes, the bank has grown tremendously mostly due to organic growth but it's time to take a few risks and explore other types of businesses rather than stick to what's worked for two and half decades. What happens is you begin to lose your most talented employees who are more ambitious than the bank can provide opportunities for.

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

    Corporation that cares about their employees

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

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

    Pros

    Great team hiring process. Incentives are great compared to other boutique banks.

    Cons

    Lack of career development unless you know one of the executives and/or their close team members

    Advice to ManagementAdvice

    Promotions, lack of career development is what puts this company behind compared to others.

    Recommends
    Negative Outlook
    Approves of CEO
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  5.  

    Stable, Rewarding, and Growing

    • 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 for more than 3 years

    Pros

    Everyone who comes to work at First Republic has their own experience. I personally feel like this is a place where you can get out of it what you put into it. If you come here and work hard and show effort and focus on your own work and not what other people are doing you can fit in and be noticed.

    In the 3 years I've been here I've felt that my efforts were noticed and rewarded. Do what it takes to get the job done.

    I've worked with staff at all levels of the organization and at every level there are people that believe in the culture they preach and sincerely care about living it.

    I love it here and hope that I can stay here a long time. I have plenty of opinions on things, but that being said below, what I've gotten and received with First Republic is a result of my own efforts and work ethic.

    Cons

    If you are someone that likes to fake their way through the work day, or spend time in office politics and complaining, this isn't the place for you. The reality is that low producing people will be replaced and that should motivate you to try harder. This his how it is at any company trying to improve and grow.

    No company on the planet has all if its ducks in a perfect row. This company has gone through a lot and is working out the kinks and working through the growing pains. But the future is solid and the organization is as stable as they come.

    Adjusting to the growth and maintaining the desired culture can be a struggle. Possibly a few misfires on the hiring side at a variety of levels. A bit of a disconnect between upper management and staff. Hopefully things to improve.

    The positive spin on these cons is that they are trying to become more self-aware of these issues and working to hopefully improve on them. I've seen some of these already happen and hopefully it will continue.

    Advice to ManagementAdvice

    Focus on team building. Make your staff care more and have more of a vested interest in the work they are doing. Manage with the bank's cultural goals in mind every day. Lead by example.

    Include all levels of your staff in the discussion leading up to changes that effect them. It makes them understand the changes that eventually happen to policy and procedures. Be more transparent at all levels and more specific.

    Communicate more and have more skip-level meetings. Close the gap between levels of management and workers.

    Put a greater emphasis on cross-department teamwork and reduce siloing.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    High Growth Company

    • 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 for more than a year

    Pros

    First Republic Bank is extremely focused on its corporate culture and stays true to its values. They host cultural off-site events for employees and offer subsidized cafes in most large locations.

    There are lots of opportunities for employees that take initiative. Co-workers are extremely competent and focused on customer service both internal and external. Benefits are average but the total compensation is higher than average.

    Cons

    The company runs lean which is great for broadening your skill set but can be challenging when you are trying to balance work and life.
    There is not a lot of flexibility to work from home or remotely which would be nice occasionally.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    No Communication

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

    I have been working at First Republic (CA) full-time

    Pros

    Employee Benefits, Food Discount, Get to Travel, Perks of getting an account opened.

    Cons

    Lack of communication from Management to Employees. The lack of communication makes it frustrating to work in such a tense and hostile environment that was created by upper management.

    Advice to ManagementAdvice

    How about writing items in your book? And just maybe discuss items that will occur to your employees. That's why the IT Infrastructure has went downhill.

    Recommends
    Negative Outlook
    Approves of CEO
  8. 2 people found this helpful  

    Create your own path

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA) full-time

    Pros

    Eagles cafe, good working environment, some great people to work with.

    Cons

    No clear path and training, sort of a create your own role situation.

  9. 1 person found this helpful  

    It's ok.

    • 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) for more than 3 years

    Pros

    the company consistently grows year after year, has great people, and does its best to keep the service culture.

    Cons

    it is a work-life balance job. Highly entrepreneurial environment. Systems are developed as needed with minimal bells and whistles funds employed in these systems are pegged for efficiency and massive changes are not pushed out prematurely.

    Advice to ManagementAdvice

    a lot of micro-managment.

    Disapproves of CEO
  10.  

    Outstanding company but no oversight for department leadership

    • 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

    This is outstanding company overall. They really deliver for their clients and Jim Herbert's vision has been phenomenal. If the leadership in your department is aligned with the values that Jim has worked so hard to establish at this company you will really enjoy working here and you will strive to provide an exceptional level of service for your clients.

    Cons

    In 2007 the company was sold to Merrill Lynch, which was then bought by Bank of America and did not return to brewing an independent bank until 2010. During this time a lot of effort was put into preserving the culture that Jim developed. Unfortunately so much attention was paid to this task that a few areas of the bank were taken over by leadership that to date only play lip service to Jim's vision and values. This is most pronounced in the IT and operations areas of the bank, although certainly not limited to just these two areas. Interacting with both areas has become a painful experience and turnover is such that you never know who you will be speaking to next to try to get issues resolved. It's clear that both areas have taken on a "big bank" view of how things should be and are no longer being led by people who are experts in their respective areas of control. There almost seems to be contempt for anyone that has subject matter expertise, as when you find someone knowledgable to help you they are either punished for actually helping or are fired (jealousy or making sure high level incompetence remains hidden?). It's amazing that lower level employees take the fall and the heads of these departments are allowed to sidestep any responsibility. Trying to have issues addressed makes it very clear where the problem actually lies.

    Advice to ManagementAdvice

    Hold your department leadership accountable. Take notice that responsibly is always passed down to lower level employees such as supervisors and managers that are not given the freedom to make decisions at all with no requirement for the heads of a department to explain how it is they allowed things to get to the point they are.

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

    Mismanagement of employees

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

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

    Pros

    Company subsidized cafe. Depending on the team, friendly co-workers

    Cons

    IT is considered as a cost center and there is no a center for innovation. When you point this out to the management , they just keep procrastinating for updating technologies. The goals are always cutting cost. Every 6 months there is a re-org and email sent out to employees to quit at will with a 1 month salary as bonus. There are no long term goals or strategy for the dept. The Director of Enterprise Architecture interviews new employees and then never has time to meet/greet/and discuss what the new hires goals and objectives are for the company. He will meet you again on your last day.

    There is no work life balance AT ALL for new hires. If you object, raise a question you will be gone soon.

    They keep saying we are in a technical debt but they have 50+ applications which even the IT dept doesn't support and know off. Whoever has the money gets what they want without consulting anyone.

    Advice to ManagementAdvice

    The Management needs to change and be present for their employees. Set some department and employee level goals.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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