First Republic Bank Reviews | Glassdoor

First Republic Bank Reviews

Updated April 25, 2017
215 reviews

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215 Employee Reviews

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  1. "Preferred Banking Client Services"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Preferred Banking Client Services in Palo Alto, CA
    Current Employee - Preferred Banking Client Services in Palo Alto, CA
    Recommends
    Positive Outlook

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

    Pros

    Small Bank, Very Close-Knit family environment, company cares for employees unlike other major banks.

    Cons

    Not many corporate offices, Very few select locations in which employees can work at.

    Advice to Management

    As the company expands continue to expand the locations offered.


  2. Helpful (2)

    "Solid place to grow."

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    FRB is on the forefront of financial services and truly the trend setter for other banks. It is a very entrepreneurial place. The producers are paid handsomely for the business that they bring in. The CEO is top notch, one of the best in the business.

    Cons

    They do not compensate the junior members of the team very well. All the money goes to the producers but the people supporting them don't take home enough as they should. Especially compared to other places.

    Advice to Management

    Figure out the career path for the associates and junior members of the team. Promote more from within, instead of always going to other institutions and poaching people. Trust the people that you have.


  3. Helpful (1)

    "Business Analyst"

    Star Star Star Star Star
    Former Employee - Business Analyst in San Ramon, CA
    Former Employee - Business Analyst in San Ramon, CA

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

    Pros

    Onshore team for development and stakeholders

    Cons

    Poor Planning for the projects


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  5. 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.


  6. Helpful (2)

    "Consultant"

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

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

    Pros

    I work on a team of temporary workers doing project based work. First Republic has been a great place to work so far. The management treats contract employees with the same respect that they treat permanent employees. They have a nice subsidized cafe for workers to go to at lunch, which is nice given that lunch in the FiDi can be expensive. It seems that they are also willing to pay a bit more to get highly qualified temp employees. The company is actively hiring for permanent positions and they will encourage you to apply if your qualifications match what they are looking for.

    Congenial work environment and nice co-workers.

    Cons

    There are no major downsides. The only thing that I've noticed, and this is specific to the project I'm on, is that there doesn't seem to be great communication between my project manager and other bank employees.


  7. Helpful (5)

    "Conservative company with a lot of opportunity to grow"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Systems Analyst in San Anselmo, CA
    Current Employee - Business Systems Analyst in San Anselmo, CA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Subsidized cafeteria and other perks. Culturally, relationships are valued, which is nice. Lots of career options and opportunities to advance. It genuinely feels like they value their employees.

    Cons

    Conservative company that's a bit behind the times. Telecommuting is frowned on while neckties and pant suits are encouraged. Lots of paper still being pushed. Technology is a low priority.

    Advice to Management

    You could use some new blood at the management level. There are so many opportunities to improve productivity, but too many managers are stuck on how things have always been done.


  8. Helpful (1)

    "Great Company"

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

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

    Pros

    Great work culture, entrepreneurial for banking. Leadership team that values employees and their contribution at every level

    Cons

    The benefits are good but you stand to be better in this type of market. Health insurance is more expensive than most and there is a lengthy vesting period for the 401K.


  9. "Solid place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data Science Intern in San Francisco, CA
    Current Employee - Data Science Intern in San Francisco, CA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Nice pay (for interns), good environment, several benefits.

    Cons

    Having to wear suit and ties

    Advice to Management

    Keep up the good work


  10. 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.


  11. Helpful (1)

    "Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in San Francisco, CA
    Former Employee - Director in San Francisco, CA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Benefits, People, and Corporate Vision

    Cons

    Constant Turnover and Organizational Change, lack of internal direction

    Advice to Management

    Set a direction for your internal groups, trust your people.


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