First Republic (CA)

  www.firstrepublic.com
  www.firstrepublic.com

First Republic (CA) Reviews

Updated November 21, 2014
Updated November 21, 2014
86 Reviews
3.3
86 Reviews
Rating Trends

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

Review Highlights

Pros
  • Co-workers are extremely competent and focused on customer service both internal and external (in 6 reviews)

  • Eagles cafe, good working environment, some great people to work with (in 5 reviews)


Cons
  • No work life balance, it is almost frowned upon if you only work an 8 hour day (in 4 reviews)

  • Budget cuts interfere with department goals while upper management continues to pressure for results (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 2 people found this helpful  

    The mismanagement of the Deposit Services area.

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

    I have been working at First Republic (CA) full-time (more than 3 years)

    Pros

    First Republic has a great 401K retirement plan. The subsidized cafe is a fun perk. The company's intranet is a great resource for both researching polices and locating staff.

    Cons

    Deposit services function was to support various departments, branches, and clients. Those days are over. There is no team work as that is discouraged. If you did not come from Union Bank, then there will be no room for advancement. The accountability program implemented by the upper management is a sham. It is a very unhealthy place to work.

    Advice to ManagementAdvice

    Please look into why upper management needs to continually hire consultants and temps. They are constantly adding layers under themselves to try to protect themselves. As they get rid of staff who understood their jobs and the First Republic philosophy, the amount of fines will increase in dollar amounts as they disregard governmental regulations. I see a cease and desist order coming soon.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 3 people found this helpful  

    Incompetence is tolerated

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

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

    Pros

    Subsidized cafe
    Decent health and retirement benefits
    Excellent vacation and sick time

    Cons

    Middle managers are incompetent, and senior managers are in denial or choose to ignore the incompetence.
    Senior managers do not communicate with staff to get feedback on middle managers.
    Even though there are many complaints about an employee, the incompetence is tolerated and staff members suffer.
    There is always power struggles between middle managers between departments. As a result, staff operations are very chaotic.
    Org charts are not publicized per the CEO's mandate because he believes everyone should have an open door policy. Unfortunately, the organization has grown too much, and this policy is not realistic. Every department has an org chart anyway, and as mentioned, there is no open door policy. Senior Managers are not approachable to staff members.
    Sales people are king! Support staff (IT, operations, etc.) are not valued. There's always cost cutting efforts every 6 months to a year, and the support staff is always the focus of these efforts. In the meantime, sales people get ridiculous sales incentives on top of their already huge bonuses. The sales retreat is allotted hundreds of thousands of dollars annually, normally at a posh hotel for at least 2-3 days. Support staff retreat is a dinner and a show. Support staff bonuses are about half a percent at best. Not based on performance, but who the middle managers favor.
    Morale is very low among staff members, and nothing is being done.

    Advice to ManagementAdvice

    Please start having reviews for middle managers (Directors and VPs) from their directs and business partners. There is one particular VP and project manager (contractor), who are causing so much headache and grief to support staff (IT, Deposit Operations, their own business unit, etc). They are being tolerated, and everyone is suffering.
    Base bonuses on reviews and a standard scale, instead of the managers' discretion.
    Increase efforts on health initiatives. Offer discounted gym memberships, relaxation and stress reducing activities, promote a balanced work-family atmosphere. Happy employees are productive employees!

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3. 3 people found this helpful  

    Credit Analyst

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

    I worked at First Republic (CA) full-time (less than an year)

    Pros

    Hard to admit, but none whatsoever.

    Cons

    Where do I begin: management is incompetent and does business based on some magical political formula. This of course creates an ugly environment at work in which in if you are bright and like to think and analyze matters, you will be shunned for those talents immediately.

    Advice to ManagementAdvice

    I couldn't possibly give any advice.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 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
  6. 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
  7. 3 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 (more than an 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
  8. 3 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 (more than an 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
  9.  

    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
  10. 1 person found this helpful  

    horrible management in deposit operations

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

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

    Pros

    Peers and co-workers can be really wonderful, cheap cafe, great benefits

    Cons

    management in deposit services is terrible. They sweep problems away instead of addressing them. They have hire individuals into management roles who only do their bidding instead of helping the folks on the team. If you're going to work for this team stay on the client facing team not the other as the management is stronger on that side. The golden child of current BSA/AML functions is condescending and rude AND is dating one of the individuals within her purview. There is no concern for the well being of the staff and when complaints are made they are quickly squashed. The team plays favorites while the majority of the team takes the brunt of the work and verbal abuse.

    Advice to ManagementAdvice

    Don't hide problems. Take care of your people. People from top really need to really spend time with the people below. Don't hide your issues, take care of them! Really look at the line managers on your teams and the bosses that seem to protect or hide their inadequacies.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  11. 3 people found this helpful  

    This company is experiencing a lot of changes and do not have the systems in place to support the new regulations.

    • 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)

    Pros

    Benefits associated to referrals programs.

    Cons

    Challenges are systems, processes, lack of leadership

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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