There are newer employer reviews for First Republic (CA)

3 people found this helpful

Company in flux, moving from small bank to large, not handling growing pains well

  • 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) full-time (more than a year)

Pros

Subsidized cafeteria, central BART SFO location, decent offices, average pay and above average benefits. Some very good people to work with in the right departments. Typical problems in any smaller sized company.

Cons

Unusual (negative) culture, lack of diversity in problem solving and collective unwillingness to address obvious problems, like very high turnover, lack of budgets or poor systems performance. High reliance on temporary workers, which creates its own set of challenges.

Advice to ManagementAdvice

Hire Bain & Co. to perform a wholescale change management exercise across the entire company. This will include setting and fixing to a strategy, sharing that with the employees, and measuring everyone against the success measures. It will improve your non-interest expense ratio too, which will begin to deteriorate as you approach higher FDIC scrutiny. Its a multi-year process.

Doesn't Recommend
Neutral Outlook
No opinion of CEO
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