First Republic Bank Reviews | Glassdoor

First Republic Bank Reviews

Updated September 12, 2017
236 reviews

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236 Employee Reviews

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Pros
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More Pros and Cons

  1. "Credit"

    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

    Pros

    - friendly
    - great benefits
    - cafe with good food
    - good pay

    Cons

    - There is no cons

    Advice to Management

    Keep up the good work


  2. "Loan Administrator"

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

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

    Pros

    Great Company with great profitability

    Cons

    little advancement for people trying to transfer departments

    Advice to Management

    Make clear paths for advancement

  3. 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.


  4. "Great place to work"

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Very informal culture. Everyone is encouraged to take risks and take opportunities. There is a fantastic mentorship program that allows you connect with senior executives. General culture is not to look at hierarchy before talking to someone.

    Cons

    Its still small and growing so it may not be as organized as the bigger players. But they have a fantastic team everywhere that goes above and beyond to get things done.


  5. "Manager"

    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

    The people are great and there is so much opportunity to develop. Employees are valued and appreciated.

    Cons

    The environment is incredibly fast-paced and hot suitable for everyone.


  6. 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.


  7. "Senior Accountant"

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

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

    Pros

    First Republic is definitely a different kind of bank. They provide great compensation and work/life balance to employees. I had to move due to family reasons from Bay area otherwise I could see myself working for the company for a long term.

    Cons

    Little behind in technology compared to other banks, but definitely catching up on it.

  8. 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


  9. Helpful (7)

    "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.


  10. Helpful (9)

    "Great Place to Work"

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    -This is not the place to work if you want to come in for 8 hours a day and perform the bare functions of your role. You have to be willing to work hard, and sometimes work very long hours. However, if you do, and follow the values of the company, this place will give a lot back.
    -Desire to always do the right thing for the client, whether it's internal or external, which allows there to be a lot of flexibility.
    -Entrepreneur mindset allows for individuals to come up with their own ideas and often the Bank lets them lead their idea!
    -Great people. There are a lot of people with the similar drive to do the right thing and move forward quickly, which allows the opportunity to get a lot of work done!

    Cons

    -It's about who you know, and sometimes less about what you know. That being said, a lot of the individuals who know the right people, also know a lot about their function or industry.
    -There is a perception of out with the old and in with the new, which can be positive, but also very negative.
    -As the bank grows, the ability to perform a variety of roles/functions is being lost. This causes the Bank to lose a piece of itself that people really enjoy and love. As we grow, functional silos are being encouraged (i.e. perform only the role based on your title, and leave your other areas to the functional experts), which makes sense for a growing organization, but also causes the Bank to lose some of it's charm.

    Advice to Management

    Continue to let your employees perform different roles in their current jobs if they are successful at it. The Bank is extremely successful and has some wonderful people working here. It would be sad to see some of what made the Bank a success disappear because of our rapid growth.


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