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First Republic

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First Republic reviews

4.5

80% would recommend to a friend

(554 total reviews)
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Mike Roffler

58% approve of CEO

29% positive business outlook

Reviews by job title

554 reviews

Reviews about "Culture"

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3.0
Dec 23, 2013

Not what I was led to believe

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great location (if you're in SF), excellent customer service levels

Cons

Employees are not treated as well as the customers are, too many politics, egos, and micromanagement. I was sold a very different experience than I found to be true once I started working here. Some of the things I was told were true (like how they treat customers and that client service is paramount), but there's more red tape, politicking, egomaniacs, and gossiping behind the scenes. My immediate team is great, but after some of the stuff I've seen, I don't trust anyone else at the bank. They say they're a "flat organization" but that's not really true - there's still a class system in the ranks. This has only gotten worse as the company has grown. When all is said and done, it's still a bank. Better than BofA or Wells, but maybe a bank is a bank.

2.0
Oct 23, 2013
Recommend
CEO approval
Business Outlook

Pros

The compensation is "okay". It's not at the bottom but definitely not at the top. Especially since this bank produces more revenue per employee than most other firms. If you work at a corporate office, you have the advantage of goingto eagle cafe. You can get a solid breakfast and lunch for a fairly cheap price (especially in SF). Some of the people here are fun to work with it.

Cons

I will admit, when I first started at FRB I was so excited because I had always wanted to work here, that it casted a huge shade over all that was wrong with the workplace. I was told we were in transition and working towards the better so the environment would be less toxic. 3 years later, guess what? I still get that exact same message. Before I started here, even one of my trusted recruiters told me to reconsider. There is a high turnover rate, which is also a bad sign. There are rutheless management practices. I've seen people get fired for consistantly meeting all expectations. More than anything, is the quote that I and a few of my colleagues received from our VP in a skip level meeting, "I have no intention of doing any internal promotions. If we have hire level positions open, we'll just hire experienced staff to come in. If you want a hire position, you'll move on to another company. That's just corporate culture."

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