First Republic Bank Reviews | Glassdoor

First Republic Bank Reviews

Updated September 22, 2018
299 reviews

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3.7
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First Republic Bank Chairman and CEO James H. Herbert II
James H. Herbert II
200 Ratings

299 Employee Reviews

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Pros
Cons
  • "Work/life balance is difficult to manage" (in 25 reviews)

  • "No work life balance whatsoever" (in 9 reviews)

More Pros and Cons

  1. Helpful (2)

    "A Good Bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Credit Analyst in San Francisco, CA
    Current Employee - Senior Credit Analyst in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Republic Bank full-time (More than 3 years)

    Pros

    Good benefits. Very smart, competent, professional people all around. I have yet to meet an incompetent or rude person at First Republic. Everyone is very nice and very helpful. There is a culture of process improvement, and if you want can easily access upper management and get to know the heads of every department. I feel that I am very well-paid and compensated well for hard work. The company is performing very well, too.

    Cons

    The company runs very lean and you will have to wear many hats. Everyone is always busy and often overworked.

    Advice to Management

    Apply the value of "move fast, move forward" to promoting worthy individuals. Create more career paths for talented employees. Also, I know the company is proud of "running lean" and having very few employees relative to its size, but this becomes very stressful on the people actually doing the work. Allow us to hire more staff!


  2. Helpful (2)

    "Nice people, but too much work and little opportunity"

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

    I worked at First Republic Bank full-time (More than 5 years)

    Pros

    The people are very nice and helpful.

    Cons

    Very lean company. Employees are overworked (therefore underpaid) due to lack of automation and enterprise-level planning, and very difficult to maintain work life balance. There's always some unnecessary firefighting. Non-existent employee growth and advancement opportunities unless one is in the executive management inner circle. Incompetent and people who make mistakes are not held accountable.

  3. Helpful (6)

    "Lotta big hats, no cattle!"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    Approves of CEO

    I have been working at First Republic Bank full-time (More than 3 years)

    Pros

    Provide good opportunities for young college students & recent grads to get entry-level jobs in banking.

    Cons

    Experienced professionals will have a difficult time finding healthy working environment for their continued career or future career advancement.
    “Big hats, no cattle” comment speaks to the level & pervasiveness of people who claim to be experienced “big ranchers” - but in reality, have “but a few small cows.” Meaning there are entirely too many people claiming to be competent, experienced or have expertise in the key areas of their actual position when truth emerges less than acceptable competence or experience. Sadly they are making largely imactful and expensive decisions - just examine recent stock hits...

    Advice to Management

    Stop faking at innovation and process improvement; stop rewarding execs who make expensive mistakes, repeatedly; start investing in your younger, more talented workforce; give them modern tools to ensure their success; challenge your own status quo; choose better vendors; invest in services through tech or you will disappear behind those that do; and above all, set your people up for success, thin the bad manager herd.


  4. "An okay place to work, but a great bank!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in San Francisco, CA
    Current Employee - Business Analyst in San Francisco, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    1. People are friendly
    2. Benefits are better than most banks
    3. Pay is decent

    Cons

    1. Work/life balance is difficult to manage
    2. Learning opportunity can be minimal
    3. Demanding for those who commute +40 minutes

    Advice to Management

    Interact more throughout the entire organization. Focus on other areas of the bank other than deposits and the individuals who work with deposits.


  5. Helpful (2)

    "Great place to work and grow"

    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

    It's a constant learning opportunity, and if you're willing, there are new challenges to explore and grow into. The people are a true team - I see them constantly supporting each other through both good and stressful days.

    Cons

    It can be very busy, and the constant flow of work can be stressful at times.


  6. Helpful (6)

    "Ineffective Leadership"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Walnut Creek, CA
    Former Employee - Business Analyst in Walnut Creek, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at First Republic Bank full-time (More than 5 years)

    Pros

    Comparable Pay
    Friendly coworkers
    Nice Offices
    Great cafeterias

    Cons

    The culture here is rife with vicious politics.

    Management does not remove obstacles and facilitate department cooperation.

    Management is afraid to stand up for staff. They rather keep blame off their own shoulders.

    Departments rule over each other with intimidation.

    Advice to Management

    Don’t be afraid to stand up for your employees.


  7. Helpful (2)

    "You'll Drink the Koolaid"

    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

    Great community, great perks, wonderful people, lots of opportunity for growth and learning.

    Cons

    work/life balance is tough. it is part of the culture to work and always be on call. most newer/younger employees will always eat lunch at their desk.

  8. Helpful (1)

    "Mortgage banker"

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

    I worked at First Republic Bank full-time

    Pros

    very professional atmosphere and some flexibility

    Cons

    nothing moves fast, everthing takes twice as long as it should


  9. Helpful (2)

    "Loan Processor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at First Republic Bank full-time

    Pros

    None, not a great culture or company

    Cons

    Employees have to come into work early and leave late.


  10. "Great place to work"

    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

    Strong leadership, positive community

    Cons

    They expect a large time commitment


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