First Republic (CA)

  www.firstrepublic.com
  www.firstrepublic.com
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First Republic (CA) Reviews

Updated September 20, 2014
Updated September 20, 2014
69 Reviews
3.2
69 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
First Republic (CA) Chairman and CEO James H. Herbert II
James H. Herbert II
49 Ratings

Review Highlights

Pros
  • Great location (if you're in SF), excellent customer service levels (in 5 reviews)

  • Great company, great people, great food at discounted price (in 4 reviews)


Cons
  • flat hierarchy but massive preference from upper management to workers that they "like" (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Horrible people.

    • 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

    Pros

    You are on your own.

    Cons

    You are on your own.

    Advice to ManagementAdvice

    Pay decent wages to rookies.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 1 person 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 for less than a 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
  3. 2 people found this helpful  

    Abusive, micromanaging, and ineffective management. Nepotism apparent throughout the corporate office..”

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

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

    Pros

    Kaiser health plan is cheap as dirt
    3 weeks paid vacation after one year of work
    Discretionary bonuses approaching 6% of annual income
    Subsidized cafe with cheap meals

    Cons

    Abusive, threatening, and delusional management.
    HR is incapable of resolving issues.
    Many department heads are remnants of the small company that emerged in the 80s.
    Technology is far behind and bizarrely allocated.
    Lots of nepotism.
    Bureaucratic workplace.
    Promotions are often title based instead of income.
    Prepare for an annual wage increase that barely offsets inflation.
    Negative attitude and laziness of most employees.

    Advice to ManagementAdvice

    Accept advice of your junior employees

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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  5. 2 people found this helpful  

    A look back from a former analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Associate  in  San Francisco, CA
    Former Employee - Operations Associate in San Francisco, CA

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

    Pros

    Depending on your department, you could find nice people spread throughout. The Eagle Cafe was an affordable lunch.

    Cons

    -It may be the nature of financial institutions, but I always got the impression that you could get stabbed in the back or thrown under the bus by many, many sources in the company.

    -Serious separation of management from worker bees. You didn't know what was going to happen until it was happening.

    -Relentless demands with few resources and severely outdated technology.

    -Demands. Fire drills.

    Advice to ManagementAdvice

    Manage. Don't lock yourself away behind office doors and expect the ship to run smoothly without leadership

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    bank run by old boys and old ladies network

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

    I worked at First Republic (CA)

    Pros

    HQ is in FIDI SF

    Cons

    - constant need to brown nose mid level managers

    Doesn't Recommend
    Disapproves of CEO
  7. 1 person found this helpful  

    Management has a bad attitude

    • 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) full-time

    Pros

    The bank is full of good people, and the subsidized cafe is a nice thing to have. Benefits aren't too terrible, either.

    Cons

    There are LOTS of politics, and unless you're willing to drink the Kool-Aid you're going to be shut out. The company rarely has it's worker bees' best interests in mind and is always looking for ways to get double the work for low compensation. Bizarre managerial priorities make this a frustrating company to work for.

    Advice to ManagementAdvice

    Compensate your employees better and get their input before making drastic changes. Live up to the company values cited time and time again and make this a rewarding and fun place to work.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    DC

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at First Republic (CA)

    Pros

    Uhm. Well. If you like to strut your stuff, because you work for a big so called important place. This will be the place for you!

    Cons

    Very racist. Watch out if you are black! Lots of racist jokes and remarks.

    Advice to ManagementAdvice

    Try really know who are hiring. Know their likes, dislikes and interests ... si, you won't be surprised when they go to a different career direction.

    Doesn't Recommend
  9. 2 people found this helpful  

    A total mess

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Residential Loan Specialist  in  San Francisco, CA
    Former Employee - Residential Loan Specialist in San Francisco, CA

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

    Pros

    Eagle cafe prices and benefits

    Cons

    Bad communication between teams, incompetent managers. Nepotism nepotism nepotism. Especially in lending ops, very unmotivating.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10. 2 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 for 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
  11. 3 people found this helpful  

    Nepotism = Unqualified

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

    Pros

    Base salary and bonus opportunity are decent. Locations can be awesome depending on which office you work from. The CEO Jim Herbert is well-respected. If you're looking for a 9-5 job that won't be too challenging, this could be the place for you.

    Cons

    NEPOTISM: Many unqualified people here got internships, vendor contracts, even VP titles because of who they know or are related to.
    COMPLACENCY: Everyone around here has rose colored glasses, just assumes the best way to success is to stay exactly the same. Few people take any initiative to do new things to stir things up or take this company to the next level

    Advice to ManagementAdvice

    1.) Start hiring qualified people, not just your best friend's wife/daughter/nephew/etc. 2.) Offer better benefits. The best and the brightest talent require more than a paycheck. We want flexible work schedules, community giving programs, tuition reimbursement, and more. 3.) Understand that there are a lot of lazy people in the ranks who have no desire to take initiative to take this business to the next level.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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