First Republic Bank Reviews | Glassdoor

First Republic Bank Reviews

Updated January 31, 2017
32 reviews

Filter

Filter


2.0
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
First Republic Bank Chairman and CEO James H. Herbert II
James H. Herbert II
16 Ratings

32 Employee Reviews

Sort: Popular Rating Date

Pros
  • Great benefits to keep you stay where you are (in 11 reviews)

  • Great people, smart and dedicated (in 11 reviews)

Cons
  • No work life balance whatsoever (in 14 reviews)

  • Horrible scheduling no work/life balance (in 6 reviews)

More Pros and Cons

  1. Helpful (2)

    "FRB"

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

    I have been working at First Republic Bank full-time (More than 5 years)

    Pros

    Growing company with growing pains.

    Cons

    Management has their favorites and same people get promoted over and over again. Qualifications and experience are pretty much ignored.

    Advice to Management

    Equal pay should be part of company policy and promotions should be based on qualifications, experience and job performance.


  2. "Needs some change"

    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 (More than a year)

    Pros

    Pay
    Opportunity to move up
    Nice cowokers

    Cons

    No work life balance whatsoever. You live and breath your job.
    They hire contract workers to do the same work that their few full time employees do; but for less money and no benefits.
    Upper management doesn't even care to hear you out.
    Promises of getting hired full time that never happens.
    No holidays off in some departments.
    They check on your break and bathroom breaks.

    Advice to Management

    Treat all people the same regardless of whether they are contract or not.
    People have families; let them have Federal holidays off.
    You'll lose talent to more accommodating companies.


  3. Helpful (8)

    "IT Department Top Management"

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

    Pros

    Rapid IT infrastructure improvement has been achieved in the past 5 years under the leadership of past Deputy CIO. Many exciting enterprise IT projects to come in the next few years. Overall, good company benefits and culture.

    Cons

    Leadership at the top of the IT department is positional, paranoid and power-centric. Dissent is seen as insubordination and punished accordingly. There is no appetite for diversity of perspectives. Anyone outside of the 8th floor is regarded as suspect. Decision making is done in a vacuum - 2 or 3 people at the top - even when decisions affect organizations many levels below. Input and dialogue with department VPs and leads is simply non-existent. A recent IT reorg was so badly handled, it devastated trust which is one of the hallmarks of FRB company values. People are still fearfully coming up from the rubble.

    Advice to Management

    It is hard to believe that a publicly traded organization in 2016 allows its IT department to be managed this way. You can't fire your way to greatness.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (17)

    "Director, IT Infrastructure"

    Star Star Star Star Star
    • 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
    Disapproves of CEO

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

    Pros

    Growing company with money to do cool projects. Right downtown in the financial district. They will pay for conferences and training.

    Cons

    IT has no plan.
    IT Management chase business projects with no prioritization. By the time you start working on something the priorities change and the project is left, until the next reprioritization.
    Tools are bought, installed and abandoned.
    Promotions go to the suck-ups not the folks who deliver everyday.

    Advice to Management

    Replace the IS VP's. Bring in someone who can run Operations and purge your ITSM team and start over. The politics in FRB IT is cancerous.


  6. Helpful (7)

    "Poor Management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Associate in New York, NY
    Former Employee - Client Service Associate in New York, NY

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

    Pros

    Good Benefits, Good Location in NYC

    Cons

    The company has lost its personal touch. Since it has grown so much recently, management has not done a good job keeping employees happy. Employees are an afterthought...


  7. Helpful (1)

    "I was employed for 10 years before I left."

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

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

    Pros

    The pay was as expected they move you to exempt so you are not paid OT.

    Cons

    Give up your weekends if you want to succeed its an expectation and not a request.

    Advice to Management

    Please promote from within, it makes the team uncomfortable to train a new boss every couple years.


  8. Helpful (9)

    "Overworked, underpaid and no staff development"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA
    Neutral Outlook
    Disapproves of CEO

    I worked at First Republic Bank full-time

    Pros

    -Smaller bank so have the opportunity to interact with senior management
    -Bank has good reputation, which is a plus for your resume
    -On-site cafeteria subsidized and is less expensive than eating out

    Cons

    -Sole focus is on stock price and the revenue vs productivity ratio.
    -No staff development. They constantly hire people, don't train and overwork them and then fire them when they need to boost the stock price.
    -Unrealistic expectations - they understaff departments to help with the stock price, but then expect the people actually doing the work to provide customers with exceptional service. You can have one or the other (focus on stock price or customer service) but not both.
    -Salaries are below market.

    Advice to Management

    The whole "entreprenurial" and "we care" bs is played out. If your goal is to grow the stock price at any cost and not have happy employees or customers, you are doing a great job. If you are trying to build the bank for the long term, not just an exit when the current senior management retires, then train your employees and adequetly staff departments.


  9. "A motley crew"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Technical Support Analyst in San Francisco, CA
    Former Contractor - Technical Support Analyst in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Some of the full-time employees were generally nice and helpful to us contractors, but a lot of the full-timers were dismissive of us, and didn't help us when we needed it. We had a full service cafeteria which made lunch an easy endeavor.

    Cons

    The lower management was understanding of our needs, whereas the upper management had unrealistic expectations for the contractors and didn't treat us very well. Lack of supervision of the team that I worked on lead to lots of infighting and disproprotionate workloads.

    Advice to Management

    More supervision of the contractor teams, to make sure everyone was doing their part with a single goal in mind. Hire only qualified contractors with good work ethics, to make sure everyone was sharing in the work, and not just a few contractors doing most of the work while the rest slacked off.


  10. Helpful (3)

    "Great Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Online Banking Analyst in Century City, CA
    Current Employee - Online Banking Analyst in Century City, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Their culture and the way they treat their employees is fantastic.

    Cons

    Horrible scheduling no work/life balance.

    Advice to Management

    You must stay in a position for 2 years before transferring. Horrible!! You can move up within 6 months to 1 year at any other financial institution.


  11. Helpful (1)

    "Deposit Services"

    Star Star Star Star Star
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great place to work. Enjoy the culture.

    Cons

    Not much so far, everything has been good

    Advice to Management

    Nothing



Showing 32 of 221 reviews
Reset Filters