First Republic (CA)

  www.firstrepublic.com
  www.firstrepublic.com

First Republic (CA) Reviews

Updated December 4, 2014
Updated December 4, 2014
88 Reviews
3.2
88 Reviews
Rating Trends

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

Review Highlights

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

  • The bank is full of good people, and the subsidized cafe is a nice thing to have (in 6 reviews)


Cons
  • No work life balance, it is almost frowned upon if you only work an 8 hour day (in 5 reviews)

  • Budget cuts interfere with department goals while upper management continues to pressure for results (in 7 reviews)

More Highlights

Employee Reviews

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

    Best bank culture with authentic and intelligent people but stagnant career growth

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

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

    Pros

    Low stress environment, generous bonuses, most accomplished bankers from all big banks highly motivated to provide clients with a better experience than competitor banks.

    Cons

    Very slow at certain offices, can go an entire day helping only a handful of clients. Earning a promotion is very difficult even for consistently exceeding goals because the bank is growing much slower than other banks.

    Advice to ManagementAdvice

    Don't be afraid to move into the 21st century and innovate. Yes, the bank has grown tremendously mostly due to organic growth but it's time to take a few risks and explore other types of businesses rather than stick to what's worked for two and half decades. What happens is you begin to lose your most talented employees who are more ambitious than the bank can provide opportunities for.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 3 people found this helpful  

    Stable, Rewarding, and Growing

    • 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 (more than 3 years)

    Pros

    Everyone who comes to work at First Republic has their own experience. I personally feel like this is a place where you can get out of it what you put into it. If you come here and work hard and show effort and focus on your own work and not what other people are doing you can fit in and be noticed.

    In the 3 years I've been here I've felt that my efforts were noticed and rewarded. Do what it takes to get the job done.

    I've worked with staff at all levels of the organization and at every level there are people that believe in the culture they preach and sincerely care about living it.

    I love it here and hope that I can stay here a long time. I have plenty of opinions on things, but that being said below, what I've gotten and received with First Republic is a result of my own efforts and work ethic.

    Cons

    If you are someone that likes to fake their way through the work day, or spend time in office politics and complaining, this isn't the place for you. The reality is that low producing people will be replaced and that should motivate you to try harder. This his how it is at any company trying to improve and grow.

    No company on the planet has all if its ducks in a perfect row. This company has gone through a lot and is working out the kinks and working through the growing pains. But the future is solid and the organization is as stable as they come.

    Adjusting to the growth and maintaining the desired culture can be a struggle. Possibly a few misfires on the hiring side at a variety of levels. A bit of a disconnect between upper management and staff. Hopefully things to improve.

    The positive spin on these cons is that they are trying to become more self-aware of these issues and working to hopefully improve on them. I've seen some of these already happen and hopefully it will continue.

    Advice to ManagementAdvice

    Focus on team building. Make your staff care more and have more of a vested interest in the work they are doing. Manage with the bank's cultural goals in mind every day. Lead by example.

    Include all levels of your staff in the discussion leading up to changes that effect them. It makes them understand the changes that eventually happen to policy and procedures. Be more transparent at all levels and more specific.

    Communicate more and have more skip-level meetings. Close the gap between levels of management and workers.

    Put a greater emphasis on cross-department teamwork and reduce siloing.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 2 people found this helpful  

    Executive Management has a strong vision but it is not carried out well by Senior Management down through the ranks.

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

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

    Pros

    All bank associates are extremely intelligent and are very easy to work with.

    Cons

    Senior Management doesn't follow through with the visions of Executive Management. The vision stops there and only those associates that are willing to be a "yes" man seem to last longer than a year.

    Advice to ManagementAdvice

    Executive Management needs to look at the management layers below them and see that they are losing talented people unnecessarily.

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

    Corporation that cares about their employees

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

    I have been working at First Republic (CA) full-time (more than 5 years)

    Pros

    Great team hiring process. Incentives are great compared to other boutique banks.

    Cons

    Lack of career development unless you know one of the executives and/or their close team members

    Advice to ManagementAdvice

    Promotions, lack of career development is what puts this company behind compared to others.

    Recommends
    Negative Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Never a Dull Moment: High Growth, Fast Paced, Meritocracy

    • 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 (more than 10 years)

    Pros

    The people. I am fortunate to work with some truly amazing people who are incredibly smart and experienced and who have high standards for themselves, work hard, enjoy what they do and know how to have fun. I get to work with people who have a passion for service, enjoy doing the right thing and have a desire to help others.

    The culture. There is a shared belief in the importance in and value of collaboration, the team, responsibility, trust, empowerment and accountability.

    The pace. One of our values is quite literally reflective of how we operate: move fast, move forward. This creates a work day filled with a lot of activity and I enjoy being busy, having a lot to do and working in a fast paced environment.

    Cons

    If you are looking for a job or a company that is focused on a 9 to 5 work day, this is not the place for you.

    Advice to ManagementAdvice

    Continue to maintain an ‘open-door’ policy.
    Further the efforts to visit other offices outside of SF.
    Promote the importance of the continued maintenance of the unique and collaborative service culture that is First Republic.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 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
  8. 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
  9. 2 people found this helpful  

    No Communication

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

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

    Pros

    Employee Benefits, Food Discount, Get to Travel, Perks of getting an account opened.

    Cons

    Lack of communication from Management to Employees. The lack of communication makes it frustrating to work in such a tense and hostile environment that was created by upper management.

    Advice to ManagementAdvice

    How about writing items in your book? And just maybe discuss items that will occur to your employees. That's why the IT Infrastructure has went downhill.

    Recommends
    Negative Outlook
    Approves of CEO
  10. 3 people 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
  11. 6 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

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