First Republic Bank Reviews | Glassdoor

First Republic Bank Reviews

Updated May 5, 2017
22 reviews

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

22 Employee Reviews

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  1. Helpful (4)

    "..."

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

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

    Pros

    Subsidized cafe, benefits, checking account, tuition assistance, health stipends, discounts to hotels, concerts etc, many great employees to work with (not all).

    Cons

    Management - They have too many expectations to meet but there is no foundation in how to meet those expectations. . If you are not meeting expectations, it as easy as them writing you up and not taking the time to work through it. You would think after many many interviews later, you would want to spend some extra time to work with that employee to succeed since it wasn't a easy process for them to get hired.

    Executives- They are oblivious to what is going on with employees, such as why they are leaving or why they are not happy. You think with all the "Surveys" we have taken you would think some employees needs/concerns would be heard. They say they want to be there and they care, but really they don't have the time of day to do anything. They rely on their prospective managers who report to them to deal with it.

    No work life balance, your job is your life, working many many over time hours, and no acknowledgement in the work you do.

    Communication- There is ZERO communication.

     My time there I've seen so many people fail at their job because they were not trained well, and managers just don't know how to be a manager. Managers expect too much out of someone who is new and also there is no training in place how is that person going to succeed at their job. It's sad to see why people come and go so often because a manager could not take some time to actually teach someone how to do their job. You cannot go into any job and expect someone to be perfect and know what to do. Its like throwing a new born in water expecting them to know how to swim.

    Advice to Management

    Managers need better guidance and foundation in how to manage a "team". If you do not know the process yourself how are you able to hire someone for that role. I would hope that executives will make more of an effort to get to know employees and hear their concerns, as I would assume they will want to know why managers are not capable keeping their employees. The bank is busy, as for any working company , but its not hard to make some time to make the working environment a better place.


  2. Helpful (6)

    "ClusterF"

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

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

    Pros

    The only reason I can encourage anyone to stay in an IT role at the bank is simply: health insurance.

    Punch out at the end of the shift.

    Cons

    Success isn't defined inside the organization by any sane standard. The culture of the IT organization is simply avoidance and passing the buck. The employees who rely on the IT department feel frustration every day with broken systems and demoralized IT colleagues.

    Cheap. Embarrassingly cheap for a bank sitting on a pile of gold. The salary isn't appropriate for anyone living in New York.

    High turnover: Inside the IT department, it's a toxic world. At least 3 supervisors were fired or resigned, and the turnover trickles down.

    No real chance to cross over into other teams.

    Advice to Management

    Hire experienced, capable supervisors that can be lured in by a challenge and appropriate pay. Allow them to recruit persons at decent pay or re-motivate people by offering new roles in the future for good performance in current roles. Fire the managers who guard their fiefdom instead of pursuing integrated success.

  3. Helpful (1)

    "Benefits and Paid Time Off"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service in Philadelphia, PA
    Former Employee - Customer Service in Philadelphia, PA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Benefits are very good and affordable

    Cons

    Some things unfair to non officer tier employees

    Advice to Management

    Make time off for holidays the sane for all employees


  4. Helpful (7)

    "Beware of promises made during interview process."

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

    I worked at First Republic Bank full-time

    Pros

    The people (co-workers) are great.

    Cons

    No Work life balance. Security Manager has a GOD complex. Tell you one thing in interview process and as soon as you start working everything changes.


  5. Helpful (3)

    "Incestuous, Conservative, Poorly managed"

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

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

    Pros

    Good Cafe, close to BART, good benefits, good location, I cannot really think of any others, the bank is so poorly run.

    Cons

    Management has been with the company for literally decades, and is unable to accept change or implement it properly. Entire organization is run by Relationship Managers and the amount of business they bring in.

    Advice to Management

    Clean up the old guard, and manage from an operations standpoint, not from a RM stand point.


  6. Helpful (5)

    "Just Like Any Other Bank"

    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

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

    Pros

    First Republic used to treat its employees well. They have become like every other bank worried about stockholders and profitability. Their commissions and salaries are now in line with the big box Banks.

    Cons

    The carrot has been dangled farther and farther down the line to the point where salary and commission align with other Banks. Their operations are haphazard at best. They are a reactionary Bank and not proactive to the market or the clientele

    Advice to Management

    Make sure your managers know the day today skills of banking. Many of the managers our hands off don't know the systems or the clientele and sit in their office all day playing on the phone and internet.


  7. Helpful (3)

    "Loan Closing"

    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
    Disapproves of CEO

    Pros

    Great pay and good benefits

    Cons

    management does not help you much, you need to figure things out by your own.

    Advice to Management

    listen to employees' feedback.

  8. Helpful (4)

    "Juice ain't worth the squeeze. Stay away from the company."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Analyst
    Current Employee - Credit Analyst
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    They have a cafeteria called the Eagle Cafe which has subsidized food, but that's about it.

    Cons

    Incompetent Management. No expectations nor guidelines to follow. You'll be left feeling wondering what exactly you should be doing on a daily basis. No clear goals nor career paths that are tangible and worthwhile. Training lacks any structure, and you tend to stay at your desk with no lesson plan to serve as a benchmark to know exactly what to review. The managers are brilliant when critically reviewing work comes to play, but they lack people management skills which causes a discordant, unorganized culture among the subordinates. No team-building exercises, cliques form with no sense of inclusiveness.

    Advice to Management

    That's something for them to figure out.


  9. Helpful (26)

    "Don't Come Here"

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

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

    Pros

    First Republic seems like a great place to an outsider- and can seem like there are a lot of advancement opportunities.

    Cons

    the truth is that there are some really awful people in executive positions that make working at FRB horrible. So bad in fact that you could call it hostile, you can have a senior exec screaming at your for something that's so minuscule it doesn't matter to anyone (but them) because they have a bizarre control issue and everyone knows it.

    Advice to Management

    take a look at your leadership team and get feedback anonymously from department members.


  10. Helpful (20)

    "There are better banks to work for."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Human Resources in San Francisco, CA
    Former Employee - Human Resources in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    So many hot dog and pizza parties! What's not to love? Employees at this rcompany just love their hot dog and pizza parties over a fair wage, career growth and a work/life balance.

    Cons

    -Zero work/life balance. Employees work long hours as a badge of honor.
    -Too many office cliques. If you're not in one, be afraid.
    -Poor management.
    -Inadequate compensation.
    -Your annual employee review is based upon how closely they feel that you align with the company's corporate values. Way too much Kool-Aid drinking going on here.

    Advice to Management

    -Work toward improving work/life balance and ensure that backup is there.
    -Hire stronger managers who actually like people.
    -Stop rewarding people based on their popularity.


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