First Republic (CA) Reviews

Updated August 27, 2015
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First Republic (CA) Chairman and CEO James H. Herbert II
James H. Herbert II
18 Ratings

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

  • The subsidized cafe is a fun perk (in 6 reviews)

Cons
  • can be difficult to manage a work/life balance (in 5 reviews)

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

More Pros and Cons

33 Employee Reviews

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  1. Helpful (1)

    Salary

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

    Pros

    They pay out quarterly bonuses.

    Cons

    They are very cheap with their bonuses.

    Advice to Management

    If you want to keep employees happy, we need more perks that most of the Bay Area has.


  2. Helpful (1)

    crowded place to work

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

    Pros

    Strong and growing market share

    Cons

    Many areas seem over-hired, thus limiting career advancement potential. You might find yourself tripping over (literally and figuratively) your co-workers.


  3. Helpful (1)

    Who let Union Bank in?

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in San Francisco, CA
    Former Employee - Manager in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    A CEO with the best of intentions, top notch company cafe for those that work in headquarters, beer/wine Fridays for those that work in headquarters, a "small bank" feel where you can really connect with clients.

    Cons

    In Deposit Services you must deal with the aftermath of former Union Bank employees that were given control in 2007. At the time change was needed, however the change that was needed did not arrive with them. The overwhelmingly positive growth attributable to top notch front offices and relationship managers made it easy to hide the substantial shortcomings in this department. The change that arrived was one that played favorites, viewed competence with suspicion and envy, deflected all criticism, and simply does not "get it" when it comes to the values that First Republic Bank was built on. How this has been allowed to go on for so long is amazing, but until the next wave of change removes each and every one of this class of 2007 there is no working in this department without suffering the damaging toxic work environment that came with them.

    Advice to Management

    Gather everyone that was hired in 2007 with Union Bank as their most recent employer and all their friends that they subsequently hired and hand them their final paycheck. Have a truly anonymous assessment by an independent third party find the truth.


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  5. Helpful (1)

    At the time it was not a bad company overall

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

    I worked at First Republic (CA) (More than 5 years)

    Pros

    At the time they had great corporate culture, not bad compensation plan. They valued their customers and employees overall.

    Cons

    Difference in corporate culture in different markets. Some middle managers engage in favoritism. Also, there were poor coverage instances.

    Advice to Management

    The upper management should vet the middle management better in the remote from corporate headquarters markets. That would ensure a better employee retention.


  6. Helpful (4)

    Okay for a growing bank

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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 Management

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


  7. Helpful (4)

    opportunity killer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Servicing in San Francisco, CA
    Current Employee - Loan Servicing in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    cheap cafe food quarter / annual bonuses

    Cons

    poor management unhappy workers solution to every problem is overtime

    Advice to Management

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


  8. Helpful (2)

    Solid high growth company, mediocre career opportunities

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

    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.


  9. Helpful (6)

    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 Management

    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.


  10. Helpful (1)

    data analyst

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    people are nice. Cheat meal.

    Cons

    high work load, and overtime


  11. Helpful (2)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Accountant in San Francisco, CA
    Former Employee - Senior Accountant in San Francisco, CA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    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 Management

    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.



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