First Republic (CA) Reviews

Updated June 24, 2015
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4.0
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First Republic (CA) Chairman and CEO James H. Herbert II
James H. Herbert II
25 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

29 Employee Reviews

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  1. Opportunity for Growth

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    -Opportunities for growth if you work hard
    -Strong Tenured (10+ years) Management Team
    -Caring People
    -Subsidized Cafe

    Cons

    -Growing pain struggles. The rapid growth of the Bank has caused more bureaucracy, but I suppose this is normal for a large bank.
    -At times there can be so much focus on the "new" rather then the "old," which cause priorities to shift to frequently
    -Inability to have a life (if you're successful at the bank)

    Advice to Management

    -Spend more time investing in the growth and development of your employees.
    -Continue to ensure that we do not turn into another large bank like Wells Fargo, BlackRock, Charles Schwab, Goldman, etc.


  2. Helpful (2)

    Great company with a strong culture and values

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

    I have been working at First Republic (CA) full-time (More than 10 years)

    Pros

    Great company to work for, good benefits, & talented people.

    Cons

    I was turned down for my request of education reimbursement.


  3. Helpful (1)

    Good company to work for.

    • Work/Life Balance
    • Culture & Values
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Exponential growth. Good time to be in this company

    Cons

    Work life balance. Not enough workforce on hand to support the growth of the bank.

    Advice to Management

    Hire more people to align with the growth.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Stimulating environment; was never bored.

    Former Contractor - Credit Analyst in San Francisco, CA
    Former Contractor - Credit Analyst in San Francisco, CA

    I worked at First Republic (CA) as a contractor (Less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    First Republic is a leader among the banks targeting high income and high net worth consumers. Latest technology is available to the employee for getting his/her job done. Pay rates are competitive. Lots of energy, as is typical of a growing company

    Cons

    The work force is especially young. The company would benefit from tapping a broader and deeper range of age and experience.

    Advice to Management

    Be open to the value of insights that mature employees would be able to provide. Mature employees might cost a little more, but the returns would be worth the additional expense.


  6. Helpful (3)

    Great company to work for who truly believes in corporate values and culture.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Fast paced and energetic; opportunities for career growth if you seek it; thoughtful and caring co-workers; executive management shares their vision and makes employees feel included; compensation is competitive and fair.

    Cons

    Need to maintain your trading accounts with them even though retail brokerage not their space.
    Nepotism at certain executive levels
    Infrastructure of technology and operations behind which leads to many inefficiencies
    Overall, great company culture but certain staff allowed to treat others badly with no repurcussions

    Advice to Management

    Continue to share your vision with your employees on the direction of the company. Invest in technology and operations to maintain growth. Enforce your company culture throughout and ensure that certain employees not exempt from it.


  7. Helpful (2)

    Great Bank for employees and clients

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    - Work life balance is generally good (depends on department)
    - Salary is good, raises are ok, end of year bonuses are great (from what I've heard)
    - Work environment is friendly and building is nice...not a big sea of cubicles
    - Accommodate training opportunities
    - Great leadership...Bank strategy is simple to understand and maintain unlike "big banks"
    - Bank is growing and has room for more growth
    - Eagle Cafe is subsidized food; few other perks ($65 cell reimbursement)

    Cons

    - Financial Industry comes with high-scrutiny from regulators, which can mean putting out last minute fire drills
    - Have to hold all discretionary trading accounts with the Bank and their fees are high for the average person who likes to do some moderate trading.

    Advice to Management

    - Continue to focus on quality of life for employees (add perks like wellness plans, higher salary raises...even though bonuses are great)
    - Focus on data infrastructure to support growth of bank


  8. Helpful (1)

    Great people, lagging technology

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

    I have been working at First Republic (CA)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

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

    Cons

    -lagging technology
    -can be prone to death by consensus

    Advice to Management

    -invest in younger talent
    -make career paths clear


  9. Helpful (1)

    Good place to work

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

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

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    If your willing to build your client base, the compensation can be very good.

    Cons

    Management is very insecure and not open to change.


  10. Helpful (5)

    Enjoyed working for a forward-looking, fast-growing, entrepreneurial-minded organization that rewards contributors.

    • 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

    I worked at First Republic (CA) full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Compensation was above average; culture was generally supportive of a healthy work-life balance.

    Cons

    Organizational structure and multiple layers of systems contributed to inefficiencies and strained working relationships between groups.

    Advice to Management

    Support employees' requests and need for professional development regardless of their level of employment.


  11. Helpful (2)

    Entrepreneurial spirit

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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 Management

    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.



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