First Republic (CA)

  www.firstrepublic.com
  www.firstrepublic.com
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First Republic (CA) Reviews

Updated 16 September 2014
Updated 16 September 2014
67 Reviews
3.0
67 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
First Republic (CA) Chairman and CEO James H. Herbert II
James H. Herbert II
47 Ratings

Review Highlights

Pros
  • Great location (if you're in SF), excellent customer service levels (in 5 reviews)

  • Great company, great people, great food at discounted price (in 4 reviews)


Cons
  • flat hierarchy but massive preference from upper management to workers that they "like" (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Never a Dull Moment: High Growth, Fast Paced, Meritocracy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  San Francisco, CA (US)
    Current Employee - Anonymous Employee in San Francisco, CA (US)

    I have been working at First Republic (CA) full-time for more than 10 years

    Pros

    The people. I am fortunate to work with some truly amazing people who are incredibly smart and experienced and who have high standards for themselves, work hard, enjoy what they do and know how to have fun. I get to work with people who have a passion for service, enjoy doing the right thing and have a desire to help others.

    The culture. There is a shared belief in the importance in and value of collaboration, the team, responsibility, trust, empowerment and accountability.

    The pace. One of our values is quite literally reflective of how we operate: move fast, move forward. This creates a work day filled with a lot of activity and I enjoy being busy, having a lot to do and working in a fast paced environment.

    Cons

    If you are looking for a job or a company that is focused on a 9 to 5 work day, this is not the place for you.

    Advice to ManagementAdvice

    Continue to maintain an ‘open-door’ policy.
    Further the efforts to visit other offices outside of SF.
    Promote the importance of the continued maintenance of the unique and collaborative service culture that is First Republic.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Best bank culture with authentic and intelligent people but stagnant career growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Preferred Banker  in  San Francisco, CA (US)
    Current Employee - Preferred Banker in San Francisco, CA (US)

    I have been working at First Republic (CA) full-time for more than 3 years

    Pros

    Low stress environment, generous bonuses, most accomplished bankers from all big banks highly motivated to provide clients with a better experience than competitor banks.

    Cons

    Very slow at certain offices, can go an entire day helping only a handful of clients. Earning a promotion is very difficult even for consistently exceeding goals because the bank is growing much slower than other banks.

    Advice to ManagementAdvice

    Don't be afraid to move into the 21st century and innovate. Yes, the bank has grown tremendously mostly due to organic growth but it's time to take a few risks and explore other types of businesses rather than stick to what's worked for two and half decades. What happens is you begin to lose your most talented employees who are more ambitious than the bank can provide opportunities for.

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Corporation that cares about their employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Preferred Banker  in  San Francisco, CA (US)
    Current Employee - Preferred Banker in San Francisco, CA (US)

    I have been working at First Republic (CA) full-time for more than 5 years

    Pros

    Great team hiring process. Incentives are great compared to other boutique banks.

    Cons

    Lack of career development unless you know one of the executives and/or their close team members

    Advice to ManagementAdvice

    Promotions, lack of career development is what puts this company behind compared to others.

    Recommends
    Negative Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Executive Management has a strong vision but it is not carried out well by Senior Management down through the ranks.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate  in  San Francisco, CA (US)
    Former Employee - Senior Associate in San Francisco, CA (US)

    I worked at First Republic (CA) full-time for more than a year

    Pros

    All bank associates are extremely intelligent and are very easy to work with.

    Cons

    Senior Management doesn't follow through with the visions of Executive Management. The vision stops there and only those associates that are willing to be a "yes" man seem to last longer than a year.

    Advice to ManagementAdvice

    Executive Management needs to look at the management layers below them and see that they are losing talented people unnecessarily.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6.  

    Stable, Rewarding, and Growing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  San Francisco, CA (US)
    Current Employee - Anonymous Employee in San Francisco, CA (US)

    I have been working at First Republic (CA) full-time for more than 3 years

    Pros

    Everyone who comes to work at First Republic has their own experience. I personally feel like this is a place where you can get out of it what you put into it. If you come here and work hard and show effort and focus on your own work and not what other people are doing you can fit in and be noticed.

    In the 3 years I've been here I've felt that my efforts were noticed and rewarded. Do what it takes to get the job done.

    I've worked with staff at all levels of the organization and at every level there are people that believe in the culture they preach and sincerely care about living it.

    I love it here and hope that I can stay here a long time. I have plenty of opinions on things, but that being said below, what I've gotten and received with First Republic is a result of my own efforts and work ethic.

    Cons

    If you are someone that likes to fake their way through the work day, or spend time in office politics and complaining, this isn't the place for you. The reality is that low producing people will be replaced and that should motivate you to try harder. This his how it is at any company trying to improve and grow.

    No company on the planet has all if its ducks in a perfect row. This company has gone through a lot and is working out the kinks and working through the growing pains. But the future is solid and the organization is as stable as they come.

    Adjusting to the growth and maintaining the desired culture can be a struggle. Possibly a few misfires on the hiring side at a variety of levels. A bit of a disconnect between upper management and staff. Hopefully things to improve.

    The positive spin on these cons is that they are trying to become more self-aware of these issues and working to hopefully improve on them. I've seen some of these already happen and hopefully it will continue.

    Advice to ManagementAdvice

    Focus on team building. Make your staff care more and have more of a vested interest in the work they are doing. Manage with the bank's cultural goals in mind every day. Lead by example.

    Include all levels of your staff in the discussion leading up to changes that effect them. It makes them understand the changes that eventually happen to policy and procedures. Be more transparent at all levels and more specific.

    Communicate more and have more skip-level meetings. Close the gap between levels of management and workers.

    Put a greater emphasis on cross-department teamwork and reduce siloing.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    High Growth Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  San Francisco, CA (US)
    Current Employee - Anonymous Employee in San Francisco, CA (US)

    I have been working at First Republic (CA) full-time for more than a year

    Pros

    First Republic Bank is extremely focused on its corporate culture and stays true to its values. They host cultural off-site events for employees and offer subsidized cafes in most large locations.

    There are lots of opportunities for employees that take initiative. Co-workers are extremely competent and focused on customer service both internal and external. Benefits are average but the total compensation is higher than average.

    Cons

    The company runs lean which is great for broadening your skill set but can be challenging when you are trying to balance work and life.
    There is not a lot of flexibility to work from home or remotely which would be nice occasionally.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    No Communication

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Engineer  in  San Francisco, CA (US)
    Current Employee - IT Engineer in San Francisco, CA (US)

    I have been working at First Republic (CA) full-time

    Pros

    Employee Benefits, Food Discount, Get to Travel, Perks of getting an account opened.

    Cons

    Lack of communication from Management to Employees. The lack of communication makes it frustrating to work in such a tense and hostile environment that was created by upper management.

    Advice to ManagementAdvice

    How about writing items in your book? And just maybe discuss items that will occur to your employees. That's why the IT Infrastructure has went downhill.

    Recommends
    Negative Outlook
    Approves of CEO
  9.  

    Management has a bad attitude

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA) full-time

    Pros

    The bank is full of good people, and the subsidized cafe is a nice thing to have. Benefits aren't too terrible, either.

    Cons

    There are LOTS of politics, and unless you're willing to drink the Kool-Aid you're going to be shut out. The company rarely has it's worker bees' best interests in mind and is always looking for ways to get double the work for low compensation. Bizarre managerial priorities make this a frustrating company to work for.

    Advice to ManagementAdvice

    Compensate your employees better and get their input before making drastic changes. Live up to the company values cited time and time again and make this a rewarding and fun place to work.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10. 4 people found this helpful  

    A Big Company with a Small Company Mindset

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY (US)
    Former Employee - Anonymous Employee in New York, NY (US)

    I worked at First Republic (CA) full-time

    Pros

    - great learning experience on how to do things on your own
    - great company culture
    - invests in employees (schooling)
    - great benefits/salary

    Cons

    - leadership is lacking and no clear direction of where the company wants to go.
    - the HR department is ineffective, lots of learning to do.
    - teams do not feel supported, as long as the manager is an "earner" can get away with anything.
    - learn by trial and error, senior staff does not teach or show you the FRB way.
    -can be difficult to manage a work/life balance.

    Advice to ManagementAdvice

    Keep your eyes open to potential problems in teams and keep company values for employees as well, not just the customers. If you find good, intelligent people, make sure to keep them around - look at the larger picture of what a person is capable of instead of a shortsightedness of what is currently beneficial.

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 2 people found this helpful  

    Create your own path

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Republic (CA) full-time

    Pros

    Eagles cafe, good working environment, some great people to work with.

    Cons

    No clear path and training, sort of a create your own role situation.

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