First Republic (CA)

  www.firstrepublic.com
  www.firstrepublic.com
There are newer employer reviews for First Republic (CA)

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

88 Other Employee Reviews for First Republic (CA) (View Most Recent)

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  1. 2 people found this helpful  

    Outstanding company but no oversight for department leadership

    • 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

    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 ManagementAdvice

    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.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Mismanagement of employees

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

    I have been working at First Republic (CA) full-time (less than an year)

    Pros

    Company subsidized cafe. Depending on the team, friendly co-workers

    Cons

    IT is considered as a cost center and there is no a center for innovation. When you point this out to the management , they just keep procrastinating for updating technologies. The goals are always cutting cost. Every 6 months there is a re-org and email sent out to employees to quit at will with a 1 month salary as bonus. There are no long term goals or strategy for the dept. The Director of Enterprise Architecture interviews new employees and then never has time to meet/greet/and discuss what the new hires goals and objectives are for the company. He will meet you again on your last day.

    There is no work life balance AT ALL for new hires. If you object, raise a question you will be gone soon.

    They keep saying we are in a technical debt but they have 50+ applications which even the IT dept doesn't support and know off. Whoever has the money gets what they want without consulting anyone.

    Advice to ManagementAdvice

    The Management needs to change and be present for their employees. Set some department and employee level goals.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
There are newer employer reviews for First Republic (CA)

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