There are newer employer reviews for First Republic (CA)
There are newer employer reviews for First Republic (CA)

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Helpful (2)

Outstanding company but no oversight for department leadership

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee
Recommends
Neutral Outlook
Approves of CEO

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 Management

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.

Other Employee Reviews for First Republic (CA)

  1. Helpful (1)

    Horrible people.

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

    I worked at First Republic (CA) full-time

    Pros

    You are on your own.

    Cons

    You are on your own.

    Advice to Management

    Pay decent wages to rookies.


  2. Helpful (3)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Collateral Specialist in San Francisco, CA
    Former Employee - Collateral Specialist in San Francisco, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    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.


There are newer employer reviews for First Republic (CA)
There are newer employer reviews for First Republic (CA)

See Most Recent

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