First Republic Bank Reviews | Glassdoor

First Republic Bank Reviews

Updated August 21, 2017
36 reviews

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2.0
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First Republic Bank Chairman and CEO James H. Herbert II
James H. Herbert II
18 Ratings

36 Employee Reviews

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Pros
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More Pros and Cons

  1. Helpful (1)

    "Changing for the worse"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    The people for the most part are great, Jim H. built an amazing culture where people were valued. The company funded café is a really nice benefit.

    Cons

    The great culture has unfortunately not been fostered with many of the new leaders and working there, particularly in IT has been increasingly difficult. IT management does not value their people.

    Advice to Management

    Really look hard at the leadership in IT.


  2. Helpful (2)

    "Specialist"

    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
    No opinion of CEO

    I worked at First Republic Bank full-time

    Pros

    Good Benefits, nice people, subsidized cafe, Gym stipend

    Cons

    Old technology, old school mentality no working from home, no flexible schedules. Hires over qualified people who end up leaving. Not innovative, uneasy environment

    Advice to Management

    Head of Security has a bit of an ego and a bully.

  3. Helpful (1)

    "Lack of diversity, old school"

    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
    Approves of CEO

    I have been working at First Republic Bank full-time

    Pros

    Unique culture with an emphasis on relationships, compensation is good.

    Cons

    There is a real lack of diversity with management. Leadership roles are occupied by white males with old school mentality. This bank operates as an old school bank with outdated technology that cannot keep up with it's own growth.

    Advice to Management

    Work on the diversity. There should be more females and minorities in leadership positions.


  4. Helpful (2)

    "FRB"

    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
    No opinion of CEO

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

    Pros

    Great benefits, great colleagues, subsidized cafe and other perks. I have to say the environment can be good , if your team is great, but some managers and executives do not make it easy for you.

    Cons

    - No training at all, if you cannot pick it up they give you zero to little time to succeed at your role.
    - Favoritism at its finest, if you are not well liked then I wouldn't bother working as hard as you do. You will not get acknowledge, even if your team thinks your doing a wonderful job your manager will not acknowledge it.
    - Managers will do anything to cover up the bad and make it sound like their suffering on a employee's performance when in reality there was no training or good foundation for any employee to do their job.
    - If you have a problem, you are wasting your time reaching out to higher executives because you wont be heard. They don't have the "time" to deal with that, and they rely on the people who report to them to give them at update (which sucks but true).
    - Lack of communication. It was hard to work when your're not informed and then your manager tries to enforce you to get it done as soon as possible without any type of warning.
    - Some managers shouldn't be managers or they need to go through management training.
    - Some managers do not follow the same standards they expect their employees to follow.
    - Sometimes its not a friendly environment.

    Advice to Management

    Managers need to be trained before they get into a management role. Management needs to make an effort to train employees, there is never no time to train otherwise FRB will always fail to find a good employee. Executives should really start to question their teams they look over why people are leaving and why there is no training or process in place for certain roles. I get the bank is busy but there is always room or learning. Treat your employees better, if FRB is all about customer service I would expect the same standard as treating your employee the same way.


  5. Helpful (7)

    "FRB"

    StarStarStarStarStar
    • 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.


  6. "Needs some change"

    StarStarStarStarStar
    • 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.


  7. Helpful (9)

    "IT Department Top Management"

    StarStarStarStarStar
    • 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.

  8. Helpful (23)

    "Director, IT Infrastructure"

    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
    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.


  9. Helpful (8)

    "Poor Management"

    StarStarStarStarStar
    • 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...


  10. Helpful (3)

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

    StarStarStarStarStar
    • 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.


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