First Republic Bank Pay & Benefits | Glassdoor

First Republic Bank Overview

San Francisco, CA
1001 to 5000 employees
1985
Company - Public (FRC)
Finance
$1 to $2 billion (USD) per year
First Republic is a different kind of bank. We and our wealth management affiliates provide exceptional service in everything we do. It’s one of the reasons for our high level of client satisfaction, and why we were named Best Private Bank in North America recently by ... Read more

Company Updates

  • First Republic is honored to have been named a winner of the 2016 NASDAQ Innovation In Financial Education Award.

    First Republic Wins National Award for Innovative Financial Literacy Program

    First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, has been named a winner of the 2016 NASDAQ Innovation In Financial Education Award for a financial literacy program for elementary students across the country.

  • First Republic is honored to receive the Private Banking – Overall award from Private Asset Management magazine.

    First Republic Wins Top Award for Private Banking

    First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that it has been awarded the top honor for private banking by Private Asset Management magazine. The award, Private Banking - Overall, marks the seventh consecutive year that First Republic and its affiliated companies have been honored by Private Asset Management.

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First Republic Bank Video

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First Republic Bank – Why Work For Us?


COMPANY PROFILE


ABOUT FIRST REPUBLIC BANK

Founded in 1985, First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service, with a solid commitment to responsiveness and action. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Palm Beach, Greenwich, and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans.


OUR HERITAGE

Over the years, First Republic’s focus on exceptional, relationship-based service and consistent leadership has led to continuous growth and profitability.
 

INVESTOR INFORMATION

Publicly traded under the NYSE stock symbol "FRC," First Republic is a component of the S&P Total Market Index, the Wilshire 5000 Total Market IndexSM, the Russell 1000®, Russell 3000® and Russell Global indices, and six Dow Jones indices. The Bank exceeds all of the current regulatory guidelines to be well-capitalized and is a member of the Federal Deposit Insurance Corp. (FDIC) and an Equal Housing Lender.



 

Our Approach

Our business model at First Republic is distinctly different from most other companies. While we certainly want to grow, and make a profit, we also realize that the best way to do that is through hard work and exceptional client service. Because of this operating philosophy, we are driven by a core set of values that define what we must do every day to best serve our clients.

 

 

Do the Right Thing

We strive to do things right at First Republic. We also recognize that we're a business of humans; mistakes will happen. Therefore, our mandate is to do the right thing: act with integrity, own your actions, correct mistakes, learn from experience.

 

Provide Extraordinary Service

We always aim to exceed expectations and serve our clients in unexpected ways. We'll take on only what we can do right. Our business may be about wealth management and banking, but our success is all about service—exceptional customer service.
 

 

Respect the Team

Everyone at First Republic makes a difference and everyone at First Republic deserves to feel that his or her contribution is valued. We place high value on collaboration because we know that the power of many is greater than the power of one.
 
 

 

Take Responsibility

At First Republic, it's not enough to do our own jobs well. Making sure our clients are satisfied is everyone's job. So if something needs fixing, we step up to the plate, "own" the problem and make things right.

 

Think Positively

We operate in an environment of trust and encourage openness and flexibility. We hire positive people who act positively. Our goal is to "manage toward yes."

 

Move Forward, Move Fast

There are two types of organizations—organizations that spend time checking and organizations that spend time doing. We're doers. We value action and decisiveness and recognize that the best opportunities come to those that act quickly.

 

Grow

We've evolved greatly since our inception, expanding ourselves and our business purpose. At First Republic, we embrace change and every person has the opportunity to grow and contribute. We want our people to soar.
 

 

Have Fun

We know that if everyone enjoys their work they'll do a better job—and our clients will feel the difference. It's really that simple.

https://youtu.be/n4_HSafsiL0

Why Work for Us

At First Republic, our competitive advantage is our people. We provide benefits that support our colleagues at all life stages, now and for the future.


Health & Insurance 

We offer a comprehensive benefits package, including:

  • Medical
  • Dental
  • Vision plans
  • Life, accident and disability insurance
  • Flexible spending accounts

Retirement and Financial

We offer numerous retirement and financial benefits, including:

  • A 401(k) plan with company matching contribution
  • Employee Stock Purchase Plan
  • Student loan repayment assistance
  • Tuition assistance

We also offer "Colleagues as Clients" benefits:

  • ATM Rebate Checking Account 
  • Colleague referral bonus
  • Eagle Gold All-in-One for student loan refinancing
  • Employee home loan program

Vacation and Holidays 

We recognize the importance of rest and relaxation and provide paid time off, including:

  • A minimum of three weeks and maximum of unlimited annual vacation based on job and years of service
  • Holidays typically following the Federal Reserve and/or NY Stock Exchange calendars

Work and Life

We offer a variety of other benefits to enable work and life balance, including:

  • Maternity and paternity leave
  • Paid family care leave
  • Bereavement leave
  • Birthday off
  • Morning off for child’s first day of school
  • Discounts on First Republic products
  • Subsidized cafés
  • Concierge services
  • Commuter benefits
  • Health advocacy


James H. Herbert II Photo

James H. Herbert II

Chairman, Chief Executive Officer (Founding) 

Before establishing First Republic Bank in 1985, James H. Herbert II was founding President, Chief Executive Officer and a Director of San Francisco Bancorp. He currently serves as a Trustee of Babson College, the San Francisco Ballet Association (Chair and Co-chair, 2002-08) and Joyce Theater, New York, and as a Director of Lincoln Center for the Performing Arts and The BASIC Fund. Mr. Herbert earned an MBA in 1969 from New York University and a Bachelor of Science degree in 1966 from Babson College.


  


First Republic Bank Reviews

3.7
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First Republic Bank Chairman and CEO James H. Herbert II
James H. Herbert II
156 Ratings
  • "Quality Control"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Republic Bank full-time

    Pros

    First republic culture is the Goggle in the banking Industry

    Cons

    Great place to work, I'd recommend to anyone

See All 265 Reviews

First Republic Bank Photos

First Republic Bank photo of: San Diego Team
First Republic Bank photo of: Eagleman
First Republic Bank photo of: Presidio Team
First Republic Bank photo of: Boston Team Volunteers
First Republic Bank photo of: Chinatown Office Anniversary
First Republic Bank photo of: Heartfelt Thanks
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First Republic Bank Interviews

Experience

Experience
55%
17%
27%

Getting an Interview

Getting an Interview
31%
31%
18%
12
2
2
1

Difficulty

2.9
Average

Difficulty

Hard
Average
Easy
  1.  

    Quantitative Analyst Interview

    Anonymous Interview Candidate in San Francisco, CA
    Declined Offer
    Positive Experience
    Average Interview

    Application

    I applied through a recruiter. The process took 3+ months. I interviewed at First Republic Bank (San Francisco, CA) in October 2017.

    Interview

    After working with a recruiter and a couple phone screens with current Quantitative Analysts, I got invited to on-site interviews.

    The interviews with the Quantitative Analysts were a bit all over the place. One asked me to solve the Monty Hall and Blind Islanders brain teasers, I walked another through my resume and past projects, and behavioral questions were scattered throughout. FWIW, I think asking good questions to the interviewers can make a candidate stand out.

    In terms of technical skills, I would be ready to whiteboard SQL (self-join) and be able to articulate verbally how linear and logistic regression work.

    Overall, the team fosters hacker mindsets with its members, deals with interesting challenges, and has a brilliant manager overseeing it. That said, it's still early in its development internally in the bank, deals with a flood of ad hoc requests, and it may be tough to convince some candidates to leave tech for banking. Candidates will have to think through these trade-offs while interviewing here.

    Interview Questions

    • Why doesn't logistic regression use R^2? (not looking for exact answer, just want to hear thinking)   Answer Question
See All 94 Interviews

First Republic Bank Awards & Accolades

  • Best Private Bank – Overall, Private Asset Management, 2017
  • Forbes Best Banks in America, Forbes, 2017
  • 2016 NASDAQ Innovation In Financial Education, Nasdaq, 2016
  • Best Private Wealth Manager – Over $5 Billion, Private Asset Management Magazine, 2016
  • Best Banks in America, Forbes, 2016
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