First Republic Bank - Budget cuts and unqualified workers create uneasy work climate | Glassdoor
There are newer employer reviews for First Republic Bank
There are newer employer reviews for First Republic Bank

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Helpful (5)

"Budget cuts and unqualified workers create uneasy work climate"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee
Doesn't Recommend
Negative Outlook
No opinion of CEO

I worked at First Republic Bank full-time (More than 3 years)

Pros

-Some great, kind, intelligent people work for this company
-Located in the Financial District of SF
-Medical and 401k benefits are great, but not much else is offered
-The company has a decent amount of events (holiday, employee benefitting events, recognitions)
-Down-to-earth, mindful of local pop-culture

Cons

-Many workers not qualified or the best available for the jobs they do and ineffective employees
-Hire a lot of cheap work, many employees have terrible communication and critical thinking skills as well as poor work ethic
-Budget cuts interfere with department goals while upper management continues to pressure for results
-Typical Corporate America popularity contest hierarchy
-Salaries are average, raises given for performance are scarce and insignificant, a lot of "title promotions"
-Employee facilities are outdated, many departments are forced to pack employees into confined areas while while executive floors often remain empty for weeks during moves

Advice to Management

Higher younger brighter employees who are educated and personable. Reform the selection process and offer better benefits which improve employees lives. Grow your valuable employees and get rid of those who are ineffective.

Other Employee Reviews for First Republic Bank

  1. "Private Wealth Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Loan Support Specialist/Underwriter in New York, NY
    Current Employee - Senior Loan Support Specialist/Underwriter in New York, NY
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at First Republic Bank full-time (More than a year)

    Pros

    Rockcenter, Christmas Tree, cafeteria, shopping

    Cons

    its not always what you know, its who you know.


  2. Helpful (6)

    "A look back from a former analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Associate in San Francisco, CA
    Former Employee - Operations Associate in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at First Republic Bank full-time (More than a year)

    Pros

    Depending on your department, you could find nice people spread throughout. The Eagle Cafe was an affordable lunch.

    Cons

    -It may be the nature of financial institutions, but I always got the impression that you could get stabbed in the back or thrown under the bus by many, many sources in the company.

    -Serious separation of management from worker bees. You didn't know what was going to happen until it was happening.

    -Relentless demands with few resources and severely outdated technology.

    -Demands. Fire drills.

    Advice to Management

    Manage. Don't lock yourself away behind office doors and expect the ship to run smoothly without leadership

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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