First Republic Bank Reviews | Glassdoor

First Republic Bank Reviews

Updated July 20, 2017
60 reviews

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3.0
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First Republic Bank Chairman and CEO James H. Herbert II
James H. Herbert II
32 Ratings

60 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "RM Team Support"

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

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

    Pros

    Friendly staff/management, good benefits, supportive team leads

    Cons

    Little mobility/ladder potential, bad tech support


  2. Helpful (1)

    "FRB Update"

    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 (More than 10 years)

    Pros

    Strong customer service focus; subsidized cafes; cares about people and culture

    Cons

    Outdated technology and dysfunctional IT dept; key senior positions given to political and inexperienced favorites; difficult to find work/life balance

    Advice to Management

    Pay attention to what your staff are saying and make sure those in senior positions are truly qualified

  3. "FRB"

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

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

    Pros

    Work Life Balance, Competitive Salaries

    Cons

    No equity options, digital infrastructure is behind competitors


  4. Helpful (1)

    "No room for growth"

    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
    Approves of CEO

    I have been working at First Republic Bank full-time

    Pros

    Great benefits to keep you stay where you are.

    Cons

    No room for growth. No clear direction.


  5. Helpful (2)

    "Limited Training Offered"

    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

    Pros

    The company itself seems very employee/customer focused. The hiring process was very smooth and comforting with all interactions extremely positive. The salary and benefits offered were pretty competitive.

    Cons

    Absolutely terrible training! I was expected to shadow another employee for 4 days and pick up every aspect of the job. The systems are very dated and require an insane amount of manual work. Within my department there were no established or at least written/available policy and procedures to help trouble shoot learning your role.

    Advice to Management

    Have a dedicated training program to learn systems before being thrown to the wolves. Training comes across very "sink or swim" and leaves employees feeling uncomfortable and lacking support.


  6. Helpful (7)

    "Management - who, not what you know"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in San Francisco, CA
    Former Employee - Manager in San Francisco, CA

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

    Pros

    It's the people and the drive for success that have made working at this firm a rewarding experience. The business model and work culture is like no other. The common bond is that everyone wants to succeed and most people are on board when in comes to helping out a peer. In the end it's the service and customer that are important.

    Cons

    Not what you know, as much as who you know, that sets you apart in this company. That goes for getting hired or being promoted. So be sure to play nice with everyone, because if you have a difference of opinion with senior management, your message can easily be seen as "not in line with bank values". Thats just a enough fear for younger people to not feel like there input matters.

    Advice to Management

    Really look at the people you have making the big decisions. The people at the top seem to take zero accountability for things they do. Recent events surrounding a large lay off in the IT department seem to suggest that an Oliver Wyman review was the reasoning for the removal of a lot of people. I find that hard to believe. Its easier to believe it was a popularity contest judged by three people.


  7. Helpful (2)

    "Nice but needs better management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Employee - Online Banking Analyst in Boston, MA
    Former Employee - Online Banking Analyst in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Nice office, good benefits, relationship managers are nice.

    Cons

    Hard to commute to, no direct management in this particular office- my manager was in San Francisco.

    Advice to Management

    Need direct managers in Boston Office

  8. Helpful (1)

    "Great Benefits"

    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
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Though you contibute to your health insurance, it is nominal and the coverage options are great. They also offer a lot of secondary and residual benefits that add up if you take advantage of all of them.

    Cons

    Though the benefits reflect a very good and helpful attitude toward employees, it is a very political envronment where many of the leaders and middle managers do no embrace the wonderful stated values of the company.

    Advice to Management

    Determine which leaders in the organization are advocating, promoting, and displaying the values of the company.


  9. "Great Company, but Experiencing Growing Pains"

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Financially healthy bank with great grow prospects. Collegial work environment. Great brand. Engaging staff. Entrepreneurial atmosphere. Depending upon the role good compensation packages

    Cons

    Reactionary work environment. Some senior and executive management limited outside perspective. Overconfident management. While not overly pervasive some abusive behavior is tolerated from top producers and/or executive management.

    Advice to Management

    While new employees are asked to listen and learn the culture the reciprocal should also be true. The dogged fight to defend the existing culture comes at the expense of learning valuable lessons from new employees.


  10. Helpful (1)

    "Be prepared to work hard and get paid"

    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

    Pros

    money talks at FRB, sales people run the show.

    Cons

    great benefits, but you can never use them.


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