Pros
First Republic has a good reputation as being a high net worth customer bank. The business units value their customers, which is really smart. First Republic has good benefits. They have a subsidized café run by Wolfgang Puck for employees, which is very nice. Jim Herbert is a great CEO and leader, but he’s only one guy.
Cons
Certain executives push their employees beyond their limits, making it difficult to manage work/life balance. Non-sales departments are VERY short staffed. Inefficient operational processes cause middle management burn-out. Support staff worked to death while sales people get bonuses and preferential treatments. Nepotism and favoritism is rampant especially among senior management. Loyalty is expected of employees but not reciprocated. No true HR functions, HR’s true purpose is to protect the company and senior management, not the employees. Managers are allowed to hire/ fire and promote based on cronyism rather than merit.