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First Republic Bank Claimed Company
First Republic Bank was founded in 1985 read more
First Republic Bank Company Culture
First Republic Bank Culture
This score is derived from employee ratings & reviewsChoice Employer
A
4.5/5
Top Rated Culture Dimensions
CEO Rating
A+Perks & Benefits
A+Compensation
AExecutive Team
AOutlook
AFirst Republic Bank CEO
Top 5%Top 5% of Similar Size Companies on Comparably
James Herbert
83 /100
See More
Diversity at First Republic Bank
Top 40%Top 40% of Similar Size Companies on Comparably
B-
Diverse employees at First Republic Bank have rated Perks And Benefits, CEO Rating, and Outlook as the highest categories they have scored
Women at First Republic Bank
Top 50%Top 50% of Similar Size Companies on Comparably
C+
Women at First Republic Bank have rated Perks And Benefits, Compensation, and Team as the highest categories they have scored
First Republic Bank eNPS
Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"Top 15%Top 15% of Similar Size Companies on Comparably
Recommend to a Friend?
31
First Republic Bank employees are 31% more likely to recommend First Republic Bank as a great place to work
| 60% | Promoters |
|---|---|
| 11% | Passives |
| 29% | Detractors |
Working at First Republic Bank
Working at First Republic Bank is rated highly by 120 employees, across various culture dimensions. First Republic Bank employees are most satisfied about CEO Rating, Perks And Benefits, and Compensation categories, putting First Republic Bank’s culture in the Top 10% compared to similar sized companies on Comparably and in the Top 35% compared to other companies in San Francisco. See below in detail how working at First Republic Bank was rated by employees.
Overall Company Culture at First Republic Bank
A
Overall Company Culture at First Republic Bank is rated A
Last updated today
Top
10%
First Republic Bank ranks in the Top 10% of other companies on Comparably with 5,001-10,000 Employees for Overall Company Culture Score
First Republic Bank Employee Reviews
Out of 114 First Republic Bank employee reviews, 79% were positive. The remaining 21% were constructive reviews with the goal of helping First Republic Bank improve their work culture.
| Positive Reviews | 79% |
|---|---|
| Constructive Feedback | 21% |
Positive Reviews From First Republic Bank Employees
- What did you like most about the interview process?Everyone was friendly, open to share their experiences, and timely. They were prompt and accomodating
- What makes you most happy at work?The people, the flexibility of the job, the work I am doing, and the impact I can have on the company and the communtiy around me
- What is most positive about the culture and environment at your company?One of our core values is 'Have Fun'. Our company takes its core values seriously. We have a desk dedicated to FRB puzzles. Walking around the office there is huge jenga blocks, corn hole, and other games. We have fun. We celebrate the holidays with fun activities. Its more than just a workplace
Constructive Feedback From First Republic Bank Employees
- What do your coworkers need to improve and how could you work together better?More open engagement and positive feedback communication hut unfortunately the management does not allow for that
- Why do you feel undervalued and what would make you feel better about your compensation?majority of roles are based on tenure instead of value you bring
- Why do you feel undervalued and what would make you feel better about your compensation?Better split on self sourced business
First Republic Bank Company Information
First Republic Bank Company Overview
First Republic Bank was founded in 1985
First Republic Bank Mission, Vision & Values
First Republic Bank Mission Statement
First Republic is a full-service bank and wealth management firm built in a distinctive way – with client service at the forefront and a solid commitment to responsiveness and action. Member FDIC. Equal Housing Lender.
First Republic Bank Values
- Our Approach
- The Power of a Service-Oriented Culture
- Do the Right Thing
- Provide Extraordinary Service
- Respect the Team
- Take Responsibility
- Think Positively
Sustainability and Corporate Social Responsibility at First Republic Bank
“Sustainability at First Republic is supported by four pillars: safety and
soundness; growing with our clients’ best interests at heart; empowering our
colleagues to continue to scale our service culture; and doing well by doing
good for our communities.”
Over the years, First Republic has made loans in communities where others have not. First Republic is also a committed partner in addressing income and wealth inequality in these same communities. Through its innovative banking and education programs, First Republic is helping create opportunity for individuals and small businesses.
| Headquarter | 1809 Irving Street San Francisco, CA 94122 United States of America |
|---|---|
| Website | firstrepublic.com |
| Founding Date | 1985 |
| Company Status | Public |
| Stock | FRC |
First Republic Bank Competitors
First Republic Bank competitors include Regions Financial, Wells Fargo, Bank of America, and Citi. First Republic Bank ranks 1st in Overall Culture Score on Comparably vs its competitors. See below how First Republic Bank compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
Culture Video
First Republic Bank Employees
120 employees at First Republic Bank have reviewed First Republic Bank across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was today.
Overall, the 120 First Republic Bank employees give their leadership a grade of B+, or Top 20% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Employees at First Republic Bank are pleased with their total compensation at First Republic Bank, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at First Republic Bank are pleased with their team. 120 Participants grade the quality of their coworkers an A-. The majority believe the meetings at First Republic Bank are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at First Republic Bank believe the environment at First Republic Bank is positive. Most Participants believe the pace of work at First Republic Bank is comfortably fast. About 60% of the employees at First Republic Bank work 8 hours or less.
Overall, the employees at First Republic Bank are happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
A Day in the Life
A Day in the Life
First Republic Bank employees generally work 8.9 hrs a day
Work Hours
A Day in the Life
Employees at First Republic Bank report the work pace is comfortably fast
Work Pace
A Day in the Life
88% of First Republic Bank employees look forward to interacting with their team every day
Coworkers
A Day in the Life
20% of First Republic Bank employees report they are happy with their work life balance
Work Life Balance
A Day in the Life
First Republic Bank employees typically get valuable feedback on how to improve at work Once a month
Feedback
A Day in the Life
80% of First Republic Bank employees call their work environment positive
Environment
Joining First Republic Bank - Employee Onboarding
The prevailing opinion from employees about joining First Republic Bank is that the company was somewhat prepared on their first day. First Republic Bank employees concluded that their overall onboarding experience was positive. 100% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
First Republic Bank KPIs and OKRs
At First Republic Bank 100% of employees think their department KPIs and OKRs are clear. Employees’ understanding of First Republic Bank's KPIs and OKRs is essential for its success. Out of 8 First Republic Bank employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 5 have said yes.
Are your company's goals clear, and are you invested in them?
Are the KPIs/OKRs for your department clear?
First Republic Bank CEO & Leadership
First Republic Bank CEO - James Herbert
83 /100
James’s approval rate is in the Top 5% of all CEOs of similar-sized companies on Comparably, and in the Top 10% compared to the CEOs of all other companies in San Francisco. First Republic Bank’s CEO is highly regarded especially by employees in the Product department, employees in the Operations department, and employees with 3 to 6 Years experience. However, employees in the Engineering department, employees identified with Other ethnicities, and employees with the company for 1 to 2 Years have a less favorable view of the CEO and believe there is room for improvement. Compared to First Republic Bank’s competitors, James Herbert ranks right above Bank of America CEO Brian Moynihan. Under Herbert’s leadership, First Republic Bank employee respondents are most happy about their Perks And Benefits and the company’s Compensation. Professional Development and Office Culture are two areas, according to respondents, where First Republic Bank could stand to see real improvement.
First Republic Bank Leadership
The First Republic Bank Executive Team is rated an “A” and led by CEO James Herbert, Chief Banking Officer & Senior EVP Michael Selfridge, and CFO & Executive VP Michael Roffler
James Herbert CEO / President
Mr. James H. Herbert, II, also known as Jim, Co-founded First Republic Bank in 1985 and served as its Chief Executive... read more
Michael Selfridge Chief Banking Officer & Senior EVP
Mr. Michael D. Selfridge, also known as Mike, has been the Chief Banking Officer at First Republic Bank and its Senior... read more
Michael Roffler CFO & Executive VP
Mr. Michael J. Roffler, also known as Mike, has been the Chief Financial Officer and Executive Vice President of First... read more
Katherine August-deWilde Vice Chair and Senior Advisor
Ms. Katherine August-deWilde has been Senior Advisor of First Republic Bank since January 01, 2016 and has been its... read more
David Lichtman Senior EVP & Chief Credit Officer
Mr. David B. Lichtman has been with First Republic Bank (the ???Bank???) since 1986, and has held positions in various... read more
Michael Harrington Chairman of First Republic Trust Company
Mr. Michael J. Harrington is Chairman of First Republic Trust Company, a position he assumed in 2016 after serving as... read more
Erik Ralston MD & Wealth Manager of Maidman/Chase/Ralston Team - First Republic Investment Management
Mr. Erik Ralston serves as Managing Director and Portfolio Manager of First Republic Investment Management, Inc. Mr.... read more
Elise C. Wen Executive Managing Director of San Fransisco - Div
Ms. Elise C. Wen serves as Regional Managing Director at First Republic Bank. He also served as Executive Managing... read more
Tom Mantor Regional Managing Director of San Francisco East Bay
Mr. Tom J. Mantor serves as Regional Managing Director of San Francisco East Bay for First Republic Bank. Mr. Mantor... read more
First Republic Bank Salaries
How much does First Republic Bank pay?
How much do people at First Republic Bank get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at First Republic Bank is $115,569, or $55 per hour, while the estimated median salary is $127,274, or $61 per hour.
At First Republic Bank, the highest paid job is a Group Engineering Manager at $251,796 annually and the lowest is a CS Rep at $45,188 annually. Average First Republic Bank salaries by department include: Product at $168,820, Marketing at $104,547, Engineering at $162,426, and Finance at $82,787. Half of First Republic Bank salaries are above $127,274.
59 employees at First Republic Bank rank their Compensation in the Top 10% of similar sized companies in the US (based on 187 ratings) while 57 employees at First Republic Bank rank their Perks And Benefits in the Top 5% of similar sized companies in the US (based on 60 ratings).
Salaries contributed from First Republic Bank employees include job titles like Lead Engineer, Director of Product, Principal Designer, and Senior Marketing Manager. Comparably data has a total of 10 salary records from First Republic Bank employees.
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $71k | $71k | 1st Percentile |
17th Percentile $98k | $98k | 17th Percentile |
33rd Percentile $119k | $119k | 33rd Percentile |
50th Percentile $191k | $191k | 50th Percentile |
67th Percentile $252k | $252k | 67th Percentile |
83rd Percentile $313k | $313k | 83rd Percentile |
100th Percentile $320k | $320k | 100th Percentile |
$115,569*
Average Compensation
$127,274*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
First Republic Bank Salaries by City
First Republic Bank Salaries by Department
Diversity & Inclusion at First Republic Bank
Diverse employees at First Republic Bank score the company 68/100 across various culture categories, placing First Republic Bank in the Top 40% of companies on Comparably with 5,001-10,000 Employees for Comparably's diversity score. The Diversity score provides insights into how diverse employees feel and rate their work experience at First Republic Bank across various culture dimensions.
A meritocracy-based, inclusive and diverse workplace environment has been,fundamental to First Republic’s success today and throughout our 32-year history
Ranked Culture the Highest
Ranked Culture the Lowest
First Republic Bank Perks & Benefits
Health & Wellness
- Health Insurance
Paid Time Off
- PTO / Vacation Policy
First Republic Bank PTO
First Republic Bank's PTO and Vacation policy typically gives 15-20 days off a year with 50% of employees expected to be work free while out of office. Paid Time Off is First Republic Bank's 2nd most important benefit besides Healthcare when ranked by employees, with 33% of employees saying it is the most important benefit. First Republic Bank's benefits and PTO Package averages to represent a $1500 - $2500 cash value per month.
Other than healthcare, which of the following benefits is most important to you?
Does your boss expect you to work when you're on vacation?
What do you estimate the cash value of your benefits to be? Healthcare, PTO, etc?
First Republic Bank Careers
First Republic Bank Jobs
No Recent Jobs found for First Republic Bank on Comparably
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H1B Visa
In 2019, First Republic Bank applied for 63 H1B visas. Of the work permits applied for, 98% were approved.
An in-depth look at ‘Certified-withdrawn’ H1B applications at First Republic Bank unveil that one approved work permit application was withdrawn before the employee’s start date.
Work Permit Application Outcome
63
Total Applied
H1B Applications Outcome
- 98% Granted (62 out of 63)
- 0% Denied ( out of 63)
- 2% Withdrawn Application was withdrawn by the employer before approval/rejection (1 out of 63)
- 0% Certified-Withdrawn Application was approved but later withdrawn by employer ( out of 63)
This data was calculated using publicly sourced data from OFLC Performance Data
Let First Republic Bank Know You Want To Work There
Overview of Candidates Interested in First Republic Bank on Comparably
Candidates By Department
All Industries | 51% | |
|---|---|---|
Finance | 11% | |
Marketing | 11% | |
Engineering | 9% | |
Customer Support | 6% | |
Other | 11% |
Candidates By Location
San Francisco | 49% | |
|---|---|---|
Denver | 6% | |
Austin | 3% | |
Los Angeles | 3% | |
Danville | 3% | |
Other | 37% |
Frequently Asked Questions regarding First Republic Bank
What is First Republic Bank address?
First Republic Bank location is at 1809 Irving Street
Who is the CEO of First Republic Bank?
First Republic Bank CEO is James Herbert, their score by employees is 83
What is First Republic Bank eNPS?
The eNPS for First Republic Bank is 31
What is First Republic Bank revenue?
First Republic Bank revenue is $3B
What is the salary for Engineering Manager in First Republic Bank?
Engineering Manager average salary in the US is 187k
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