First Republic Bank - Nepotism = Unqualified | Glassdoor
There are newer employer reviews for First Republic Bank
There are newer employer reviews for First Republic Bank

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Helpful (6)

"Nepotism = Unqualified"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in San Francisco, CA
Current Employee - Anonymous Employee in San Francisco, CA
Doesn't Recommend
Negative Outlook
Approves of CEO

I have been working at First Republic Bank full-time

Pros

Base salary and bonus opportunity are decent. Locations can be awesome depending on which office you work from. The CEO Jim Herbert is well-respected. If you're looking for a 9-5 job that won't be too challenging, this could be the place for you.

Cons

NEPOTISM: Many unqualified people here got internships, vendor contracts, even VP titles because of who they know or are related to.
COMPLACENCY: Everyone around here has rose colored glasses, just assumes the best way to success is to stay exactly the same. Few people take any initiative to do new things to stir things up or take this company to the next level

Advice to Management

1.) Start hiring qualified people, not just your best friend's wife/daughter/nephew/etc. 2.) Offer better benefits. The best and the brightest talent require more than a paycheck. We want flexible work schedules, community giving programs, tuition reimbursement, and more. 3.) Understand that there are a lot of lazy people in the ranks who have no desire to take initiative to take this business to the next level.

Other Employee Reviews for First Republic Bank

  1. "Temp at first republic"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Deposit Services in San Francisco, CA
    Former Contractor - Deposit Services in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at First Republic Bank as a contractor (Less than a year)

    Pros

    Great company, great people, great food at discounted price.

    Cons

    Cant make mistakes, need to double check even after you have something reviewed by someone else. If its under your name make sure you do it right.

    Advice to Management

    Organize training schedule better and more focused for the position.


  2. "Productive and challenging"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Associate in San Francisco, CA
    Former Employee - Loan Associate in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at First Republic Bank full-time (More than 10 years)

    Pros

    Experience Professionals with extensive profitable book of business will excel in this environment. Management and relationship managers cultivate excellent client and referral source relationships. This is the the focus of First Republic Bank

    Cons

    Highly entrepreneurial environment. Systems are developed as needed with minimal "bells and whistles" Funds employed in these systems are pegged for efficiency and massive changes are not pushed out prematurely.

    Advice to Management

    Grow at a controlled pace and continue commitment to established Corporate Values.


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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