Cathay General Bancorp Reviews

Updated October 26, 2014
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3.0
23 Reviews
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Dunson K. Cheng
4 Ratings

Employee Reviews

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  1. This place sucks

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in El Monte, CA
    Current Employee - Anonymous Employee in El Monte, CA

    I have been working at Cathay General Bancorp full-time

    Pros

    Never having to work overtime

    Cons

    less than market pay and benefits, controlling/micromanagement culture, many positions are hourly rather than salary, huge language barrier if you are not Chinese, raises are crap, management is greedy

    Advice to ManagementAdvice

    Executive management only looks at the bottom line and only values those departments and employees who bring money in. Hard work is not rewarded unless your job brings money to the bank. Everyone looks unhappy and bitter. There is no cooperation between departments. People are rude and will tell you one thing and do something completely different.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. Portfolio Manager

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

    I have been working at Cathay General Bancorp full-time (more than a year)

    Pros

    Some dedicated employees, and an interesting tradition for Chinese new year

    Cons

    Disorganized organization, difficult to change, the entire organization focus on your title instead of real contribution, lack of opportunity for growth if you are fast pace; lack of understanding who is making contributions and who is not.

    Advice to ManagementAdvice

    Invest in IT, HR, and your personnel. Please evaluate the pro and cons before implementing any company-wide project. Hold person responsible (reward and penalty) for tangible performance.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. temporary and contractors views

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Anonymous Contractor in El Monte, CA
    Current Contractor - Anonymous Contractor in El Monte, CA

    I have been working at Cathay General Bancorp as a contractor (less than a year)

    Pros

    Plenty to do and learn. Employees qualify for benefits and able to participate in all events and programs. Many 20+ year employees with the company. Best to know Mandarin or Cantonese.

    Cons

    If not perm employee, there's a good chance you will feel left out. Temp/contractor to employee is difficult to have approved. Those that has worked here for few years are not willing to change for better efficiency.

    Doesn't Recommend
    No opinion of CEO
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  5. No culture whatsoever

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

    I have been working at Cathay General Bancorp full-time (more than a year)

    Pros

    fun meeting and chatting with customers.

    Cons

    employees aren't very friendly to each other, lot of people get the run around the bush. higher management seems to not care about employees at branches. there is zero culture - as in not a very lively environment. I felt dead there.

    Advice to ManagementAdvice

    inspire the employees, have better communication. I understand the rift between chinese and english speaking employees, it's natural, but seriously....

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. This may a great place to work for if you are a college student.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Teller
    Current Employee - Teller

    I have been working at Cathay General Bancorp

    Pros

    Manager can give you flexible schedule if you request.

    Cons

    Low pay.
    Unprofessional training.
    Limited opportunity to advance.
    Limited resources to employees.

    Doesn't Recommend
  7. 2 people found this helpful

    Stay away.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Vice President in El Monte, CA
    Current Employee - Assistant Vice President in El Monte, CA

    I have been working at Cathay General Bancorp

    Pros

    Some people are very smart. Over all a good asian bank.

    Cons

    Low pay and no appreciation from management.

    Advice to ManagementAdvice

    Get to know your people. Seniority means nothing .

    Doesn't Recommend
    Disapproves of CEO
  8. Wonder how this company is able to compete in its industry!

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

    I worked at Cathay General Bancorp as a contractor (less than a year)

    Pros

    For people who desire to work at a easy place where you can get away with doing nothing! It is for a person who is looking for a job and not a career.

    Cons

    A very micro-managed firm by the upper management, it makes difficult to get things done efficiently.

    Advice to ManagementAdvice

    Need some innovation and creative ideas.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. Perfect for retirement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Officer Level in El Monte, CA
    Former Employee - Officer Level in El Monte, CA

    I worked at Cathay General Bancorp full-time (more than 3 years)

    Pros

    go home on time, older staff are friendly, benefits, easy dress code,

    Cons

    overly conservative, seniority valued over performance, unwillingness b/t departments to work collaboratively, not conducive of personal growth, negative brand perception in public

    Advice to ManagementAdvice

    management training, should retain young talent

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. Decent place to work at

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

    I worked at Cathay General Bancorp

    Pros

    Coworkers are really nice. Learned a lot of life experiences from them.

    Cons

    Senior management trying to work people at their most.

    Advice to ManagementAdvice

    A lot of departments are underman, really need to hire more people to increase efficiency.

  11. Welcoming environment with great team working departments

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Assistant in El Monte, CA
    Current Employee - Loan Assistant in El Monte, CA

    I have been working at Cathay General Bancorp full-time (more than a year)

    Pros

    Everyone is willing to help out and is very accommodating. Excellent starting benefits and very knowledgeable upper management. Most departments have team members whom you can rely on casually hang out with. Not a very cutthroat environment. Very high Asian to non-Asian ratio, however, management has begun branching out to diversify.

    Cons

    The ability to move up is primarily reliant on seniority. You could be extremely knowledgeable and efficient in your work, but someone who has been with the company longer will be promoted quicker. Starting pay is mediocre at best. Most managers are very stringent on working overtime and will try to sway non-exempt employees from contributing too much (if any) OT.

    Advice to ManagementAdvice

    Pay closer attention and spend more time on annual evaluations and determine promotions, raises, and bonuses based on performance. A standard bonus and a standard raise across the board does not compensate those who work extremely hard vs those who do the bare minimum to get by.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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