First Republic Bank - Feels like stepping back into the eighties, but good prospects and benefits for staff | Glassdoor
There are newer employer reviews for First Republic Bank
There are newer employer reviews for First Republic Bank

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Helpful (1)

"Feels like stepping back into the eighties, but good prospects and benefits for staff"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Contractor - Anonymous Contractor
Current Contractor - Anonymous Contractor
Doesn't Recommend
Positive Outlook
No opinion of CEO

I have been working at First Republic Bank as a contractor (Less than a year)

Pros

Good work/life balance, aggressive, well-funded growth strategy, opportunities for advancement, stable employer, excellent benefits.

Cons

Strange organizational structure - organizational units very independent of each other, which sounds cool but means systems fragmentation and repetition. Somewhat Balkanized. Feels like it needs some fresh blood and modernization. Senior management team fundamentally unchanged for 25+ years.

Other Employee Reviews for First Republic Bank

  1. "Not a bad place to work, but has some issues"

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

    Pros

    - work hours are reasonable, good work/life balance
    - they do reward and appreciate employee hard work
    - the pay is pretty good
    - customer service is their biggest strength

    Cons

    - too much politics
    - there are far more middle level managers than there are people actually getting the work done
    - very restrictive IT processes
    - some employees are mediocre and can get away with it

    Advice to Management

    - cut down on middle level managers
    - hire better managers and executives
    - get rid of mediocre employees


  2. Helpful (1)

    "No room to grow"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Approves of CEO

    I worked at First Republic Bank full-time (More than 8 years)

    Pros

    Excellent exec. management, compensation plan is generous, smart people, flat management, strong sales and service culture.

    Cons

    The management is so flat that top producers are promoted to management jobs who have no training or insight on how to motivate employees. Can't really tell the truth to anyone about observations since no one really wants to hear it - tend to react with fear and panic which is pushed down. Management assumes comp. plan is the only thing that keeps people happy.

    Advice to Management

    Invest in experienced managers who are rewarded for growth of the area they manage as opposed to being focused on their own business.


There are newer employer reviews for First Republic Bank
There are newer employer reviews for First Republic Bank

See Most Recent

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