First Republic (CA) Reviews

Updated February 8, 2015
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3.0
29 Reviews
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First Republic (CA) Chairman and CEO James H. Herbert II
James H. Herbert II
68 Ratings

29 Employee Reviews

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  1. 1 person found this helpful

    Okay for a growing bank

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

    I worked at First Republic (CA)

    Pros

    Employee cafeteria, decent benefits, nice SF location, most associates very nice

    Cons

    No shared strategic vision, double and triple work inefficiencies, management frustration, bottlenecking middle management, IT and roadmap issues

    Advice to ManagementAdvice

    Use an enterprise change methodology once you've figured out your overall strategy.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 2 people found this helpful

    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
  3. 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
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  5. 4 people found this helpful

    Trying to hold on to the good things

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA) (more than 8 years)

    Pros

    Great locations, some amazing people, great client relationships, solid brand, excellent markets, history of being nimble and flexible. Really great company values.

    Cons

    Silos, infighting, politics, distrust, and apathy. Individuals in very senior positions are "checked out" and it has been allowed to languish and hasn't been addressed. We've lost that "start-up" feel as we have hired more and more people from long established banks and large companies who expect a very different work pace and balance.

    Advice to ManagementAdvice

    Your vision is not being shared equally across the company. You are relying on your senior managers to spread your message but it is not happening. You need to be in closer contact to ALL of the employees here at the bank, spend time on every floor and with every team. We need to pry open the closed office doors and you need to lead by example.

  6. data analyst

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA)

    Pros

    people are nice. Cheat meal.

    Cons

    high work load, and overtime

  7. 2 people found this helpful

    Very successful and rewarding bank, wonderful and great team, however poor management.

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

    I worked at First Republic (CA) full-time (more than 10 years)

    Pros

    The people who work in this department are hard working, smart, and the employees share a common goal to provide excellent service among their colleagues, PBO, and always assisting the bankers/branches. There is always opportunity to set yourself apart and take initiative, management will never stop you from doing good work just because its not part of your responsibility. Also, knowledgealbe co-workers and great team that always support you.

    In addition, employees are extremely grateful that lunches are subsidized at the Eagle Cafe.

    Cons

    I been with the bank for 10 years plus and there is not really a set career path for most employees. For example, for someone who is looking for a career progression or to climb a career ladder will not be satisfied to work here. You are responsible to always create your own opportunities and pave your own way to not care about titles in your department.

    Also, adjusting to growth and maintaining the desired culture fit can be a struggle. For example, if you are someone that is willing to put on a mask at work on a daily basis and spend the time in office politics and complaining, this isn't a culture fit for you. Micro-management is very strict in this department which makes you wonder why there are so many turnovers this year. Hours are not as flexible because being on time at work is strictly enforced. Exempt employees have to meet the 8 hours shift on time on a daily basis and sometimes you have stayed over time depending on the workload.

    Advice to ManagementAdvice

    Please trust your team and stop micro-management style environment. It makes it difficult for peers to approach management for questions or even for a quick chat. Hope that management will focus more on career development for the team than their personal business.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful

    Only my second day

    Current Contractor - Deposit Operations in San Francisco, CA
    Current Contractor - Deposit Operations in San Francisco, CA

    I have been working at First Republic (CA) as a contractor (less than a year)

    Pros

    too new to figure out the pros but the "managers" are super chill and the kitchen has a keurig machine so its cool if you are a coffee drinker. The cafe is subsidized which is nice, only $3.50 for a nice lunch.

    Cons

    new position in deposit operations and it is VERY unorganized. I have a lot of input to improve the training.

    Advice to ManagementAdvice

    I have a lot of input to improve the training.

    No opinion of CEO
  9. 2 people 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
  10. 3 people found this helpful

    A good place to work, plenty of room for growth.

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

    I worked at First Republic (CA) full-time (more than 5 years)

    Pros

    This company supports it's employees very well. During the time I was at this company every issue I took to managers and the HR team was dealt with care and diligence. The working environment is up beat and invigorating. As far as benefits, for the time I was there, salaries were competitive, time-off standard and the perks kept getting better and better (in house cafe, commuter program, etc.)

    Cons

    During my time I saw many instances of nepotism. Family members and friends seemed to race from intern to loan officer amazingly quickly.

    Recommends
    Positive Outlook
    No opinion of CEO
  11. Administrator

    • 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

    Relaxed environment, good resources, strong culture, good customer service, caring customer front.

    Cons

    Not a lot of communication, doesn't seem very easy to grow.

    Recommends
    Positive Outlook
    Approves of CEO

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