First Republic (CA) Reviews

Updated August 19, 2014
Updated August 19, 2014
59 Reviews

2.9
59 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
First Republic (CA) Chairman and CEO James H. Herbert II
James H. Herbert II
40 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

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  1. 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
  2. 1 person 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
  3. 1 person found this helpful  

    Create your own path

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA) full-time

    Pros

    Eagles cafe, good working environment, some great people to work with.

    Cons

    No clear path and training, sort of a create your own role situation.

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  5. 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
  6. 1 person found this helpful  

    It's ok.

    • 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) for more than 3 years

    Pros

    the company consistently grows year after year, has great people, and does its best to keep the service culture.

    Cons

    it is a work-life balance job. Highly entrepreneurial environment. Systems are developed as needed with minimal bells and whistles funds employed in these systems are pegged for efficiency and massive changes are not pushed out prematurely.

    Advice to ManagementAdvice

    a lot of micro-managment.

    Disapproves of CEO
  7. 2 people found this helpful  

    A Big Company with a Small Company Mindset

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at First Republic (CA) full-time

    Pros

    - great learning experience on how to do things on your own
    - great company culture
    - invests in employees (schooling)
    - great benefits/salary

    Cons

    - leadership is lacking and no clear direction of where the company wants to go.
    - the HR department is ineffective, lots of learning to do.
    - teams do not feel supported, as long as the manager is an "earner" can get away with anything.
    - learn by trial and error, senior staff does not teach or show you the FRB way.
    -can be difficult to manage a work/life balance.

    Advice to ManagementAdvice

    Keep your eyes open to potential problems in teams and keep company values for employees as well, not just the customers. If you find good, intelligent people, make sure to keep them around - look at the larger picture of what a person is capable of instead of a shortsightedness of what is currently beneficial.

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 1 person 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 for 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
  9.  

    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
  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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