First Republic (CA) Reviews

Updated March 26, 2015
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  • San Francisco, CA
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3.2
57 Reviews
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First Republic (CA) Chairman and CEO James H. Herbert II
James H. Herbert II
68 Ratings

57 Employee Reviews

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  1. Featured Review

    3 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
  2. Great Bank for employees and clients

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

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

    Pros

    - Work life balance is generally good (depends on department)
    - Salary is good, raises are ok, end of year bonuses are great (from what I've heard)
    - Work environment is friendly and building is nice...not a big sea of cubicles
    - Accommodate training opportunities
    - Great leadership...Bank strategy is simple to understand and maintain unlike "big banks"
    - Bank is growing and has room for more growth
    - Eagle Cafe is subsidized food; few other perks ($65 cell reimbursement)

    Cons

    - Financial Industry comes with high-scrutiny from regulators, which can mean putting out last minute fire drills
    - Have to hold all discretionary trading accounts with the Bank and their fees are high for the average person who likes to do some moderate trading.

    Advice to ManagementAdvice

    - Continue to focus on quality of life for employees (add perks like wellness plans, higher salary raises...even though bonuses are great)
    - Focus on data infrastructure to support growth of bank

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

    A great place to learn and do fulfilling work

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

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

    Pros

    I have been here for 4+ years. FRB is "not just another bank" - it is a very successful, greatly respected full service financial firm that has retained many positive qualities of a start-up or a family business.
    1. Our attention to customers and clients is off the chart
    2. Very, very flat organization - I can approach anyone with an idea or a contribution
    3. Cafe - from Wolfgang Puck
    4. Pay for performance
    5. You get your birthday off (I don't know of any other finance firm that offers something like that)
    6. I get to work every day with very smart, very committed, very focused people

    Cons

    1. The pain associated with growth - we have grown explosively since we became independent in 2010
    2. Management can trend too conservative sometimes, but I see it improving - they are becoming more open minded and aware what they need to do to be a competitive employer

    Advice to ManagementAdvice

    1. Maintain the relentless focus on the client and their experience - it is absolutely what distinguishes us
    2. As we grow, recognize we will need more and different structural tools (budgets, employee education opportunities)
    3. Continue to hold fast to the FRB Values (which are exemplary) and if a concept or situation does not pass Values scrutiny, move on

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 2 people found this helpful

    opportunity killer

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

    I have been working at First Republic (CA)

    Pros

    cheap cafe food
    quarter / annual bonuses

    Cons

    poor management
    unhappy workers
    solution to every problem is overtime

    Advice to ManagementAdvice

    know each employees job function and be ready to step in when needed

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6. 3 people found this helpful

    Terrible management style. Not an employee focused employer.

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

    I worked at First Republic (CA)

    Pros

    Small enough to feel like your work makes an impact.

    Cons

    Ruthless management style. No appreciation for employees' hard work and devotion. Very mediocre benefits and compensation and zero career building/coaching etc.

    Advice to ManagementAdvice

    Employees matter as do your high net worth clientele.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 5 people found this helpful

    Enjoyed working for a forward-looking, fast-growing, entrepreneurial-minded organization that rewards contributors.

    • 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 a year)

    Pros

    Compensation was above average; culture was generally supportive of a healthy work-life balance.

    Cons

    Organizational structure and multiple layers of systems contributed to inefficiencies and strained working relationships between groups.

    Advice to ManagementAdvice

    Support employees' requests and need for professional development regardless of their level of employment.

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

    Entrepreneurial, independent yet collaborative work environment!

    • 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 5 years)

    Pros

    If you are ready to work hard and really care about the work you put out, this is a great place to work. If you are looking for a 9 AM to 5 PM job, this isn't the place for you. I am empowered and encouraged to represent the Bank to the best of my ability each and every day. I am trusted to bestow the Bank's vision upon our new hires. My career path is what I make of it and I am happy.

    Cons

    Some internal systems are outdated.
    New hire onboarding process is cumbersome and delayed.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 3 people 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 a 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
  10. 5 people found this helpful

    Can get away with a great deal.

    • 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

    Pros

    Eagle Café, downtown SF location, & reputation of the bank

    Cons

    It is a sad reality knowing one of my peers got his job because he is in a relationship with another associate who has since been promoted (although they rarely speak to one another it seems). What is even more ridiculous is the fact that this has gotten away with a ton of things that are against corporate workplace rules.

    Advice to ManagementAdvice

    Be more thorough when it comes to interviewing and hiring employees. Allow for training & shadowing opportunities across departments.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  11. 4 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

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