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First Republic

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First Republic reviews

4.5

80% would recommend to a friend

(1,368 total reviews)
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Mike Roffler

58% approve of CEO

29% positive business outlook

First Republic has an employee rating of 4.5 out of 5 stars, based on 1,368 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The First Republic employee rating is 21% above average for employers within the Financial Services industry (3.7 stars).

Reviews by job title

1K reviews
3.0
Oct 29, 2015

A great company with huge flaws

Anonymous employee
Recommend
CEO approval
Business Outlook

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.

3.0
Jul 6, 2016
Recommend
CEO approval
Business Outlook

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.

4.0
Jan 20, 2017
Recommend
CEO approval
Business Outlook

Pros

Great benefits, supportive coworkers and boss, *most* people in the company are extremely friendly and inviting, lively atmosphere (for some) with company-provided drinks every other Friday for "social fridays," team of cooks make relatively delicious and affordable meals in the Eagle Cafe (subsidized by the company = very cheap, with wide range of cuisines and vegetarian options), clients and coworkers were generally very pleasant to work with, my boss made it very clear that when people came down on us that we could send them to him to stand up for us and the way we should be treated. CEO Jim Herbert is very down-to-earth, a sweetheart, and very accessible for being at the pinnacle. Lots of potential for quick upward mobility if you click with the right people. If you work on a good team, you will enjoy good camaraderie, support, and benefits, but if you work on one of the more stressful teams..... you need to be strong and willing to endure a lot to survive.

Cons

My role was not very challenging, engaging, or exciting. Going above and beyond my role, though I was trying to be helpful to the company, often worked against me. Stay in your lane, do exactly as you are told, and nothing else.. not a great place for innovators. Don't try to change the system. Very outdated technology. Though few and far between, certain people and teams are extremely oppressive and even demeaning. I had some very heated "discussions" with certain individuals where I was lampooned for things that were outside of my control. Some teams are ruled with an iron fist by bosses who are extremely harsh behind closed doors.. I heard of more than one instance where certain superiors made their employees cry with demeaning, unnecessary comments, which I find extremely inappropriate, especially for a brand that tries so hard to appear friendly and accessible to clients. The high stress put on certain teams takes its toll and drains the life from those individuals, who are, sadly, some of the highest performing employees in the company. I saw and heard of many quitting, being fired, or moving away from these toxic environments as quickly as they could. In these few teams, people feel that they have to take lunch at their desk every day, they cannot take part in social activities, and basically appeared to have terrible work environments. But again, this is only a very select few, all of which were concentrated on the floor where I worked. Everyone else seemed decently happy, sociable, and supported.

Viewing 10 - 12 of 1,368 Reviews

Glassdoor has 1,555 First Republic reviews submitted anonymously by First Republic employees. Read employee reviews and ratings on Glassdoor to decide if First Republic is right for you.