First Republic Bank 207 Reviews | Glassdoor

First Republic Bank Reviews

Updated March 13, 2017
207 reviews

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207 Employee Reviews

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  1. Helpful (1)

    "Great company and employees"

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

    Pros

    Great benefits, salaries, employee and client advocates. Small bank feel with a big bank budget. Great team players and collaboration.

    Cons

    Add Columbus Day as a paid holiday. The Federal Reserve is closed that day.

    Advice to Management

    None. Keep up the great job.


  2. Helpful (1)

    "Be prepared to work hard and get paid"

    Star Star Star Star Star
    • 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.


  3. "SR RM Team Support Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior RM Team Support Specialist in Los Gatos, CA
    Current Employee - Senior RM Team Support Specialist in Los Gatos, CA
    Recommends
    Positive Outlook

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

    Pros

    - Great management team
    - Good benefits
    - Career Opportunities
    - Exciting place to work!
    - Strong company outlook...not going away anytime soon

    Cons

    None. I know what I signed up for.


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  5. "Accountant"

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

    I have been working at First Republic Bank full-time (More than 10 years)

    Pros

    great place to work overall, great benefits & time off

    Cons

    lack of flexibility when it comes to take some time off due to high volume & short staff, not much room for growth in my team.


  6. Helpful (1)

    "Banker"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    The employees are great here. There is not much room for improvement. Upper management doesn't seem to help

    Cons

    Can be very slow at times. You constantly need to be looking for business. Not many walk-ins at First Republic. Cold Calling etc


  7. 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.


  8. Helpful (11)

    "More loan processor than underwriter, and not by choice"

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

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

    Pros

    - Well compensated, with competitive salary and comprehensive benefits package
    - Growing company with a strong business model: Community bank but for the affluent
    - Worked with experienced, intelligent credit managers, relationship managers, and line staff - though I did not like all of them personally, I grew to respect just about everyone I worked with at FRB.

    Cons

    - Leadership caters to relationship managers above everyone else; definitely feels like a hierarchy in which everyone is in service to the sales people. As a result, quite a few of the RMs are high-maintenance egomaniacs.
    - Lack of management support: regional sales director could not control the RMs under her; support staff were overworked and castigated for not meeting deadlines and/or making errors.
    - Poor approach to training new employees: I witnessed managers and line staff either refuse to train others or else train others (me) poorly. It felt like my manager and coworker jealously guarded knowledge because they feared training others would threaten their job security.
    - Although one of the company's values is "have fun", the pressure to underwrite and process a high volume of complex transactions on a regular basis - with little to no management support at times - limits one's ability to do so.

    Advice to Management

    Pay greater attention to training at the regional level. Sending staff to HQ for training once a year is not always enough - FRB does things so differently from other lending institutions, the learning curve is far steeper than senior management realizes, perhaps because they have worked there for so long. Requiring managers to train employees in a systematic way would go a long way to addressing this issue.


  9. 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...


  10. "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.


  11. Helpful (2)

    "Loan Closing"

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

    Pros

    Great pay and good benefits

    Cons

    management does not help you much, you need to figure things out by your own.

    Advice to Management

    listen to employees' feedback.



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