Cathay General Bancorp Reviews

Updated August 18, 2015
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2.8
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Dunson K. Cheng
4 Ratings

24 Employee Reviews

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  1. Learned a lot but low pay

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Very friendly working environment. Good place to get some banking experiences!

    Cons

    No advancement opportunities and low salary. Management level needs some reforms.

    Advice to Management

    A lot of IT related issues came up during my time there, please invest into IT and HR!


  2. N/A

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Assistant in Walnut, CA
    Current Employee - Loan Assistant in Walnut, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Tons of learning opportunity and training from coworkers.

    Cons

    Low upward mobility as the some of the workers (Chinese mothers) have been with the bank for 10+ years. Low pay

    Advice to Management

    Stop being so stingy and increase the average hourly salary pay


  3. Officer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    It's what you make of it, must be proactive about promotions and raises

    Cons

    Senior mgmt provides little company direction, petty grudges between department heads, people can't check their egos


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  5. Work for a different bank instead

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Cathay General Bancorp part-time

    Pros

    Great rapport between coworkers at the branch level.

    Cons

    A lot of back office responsibilities moved to branch offices yet corporate does not hire more branch employees to pick up the extra workload. A lot of responsibilities at the branch but less pay compared to other major banks. Very long training sessions for very simple tasks. Low pay.

    Advice to Management

    Advice to corporate: Stop giving all the responsibilities to branch offices while back office has an easy time!


  6. Assistant store manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Cathay General Bancorp full-time

    Pros

    Good environment nice people nice colleagues

    Cons

    Crazy target shift duties long working hours

    Advice to Management

    Provide more break time to employees and compensate over time


  7. Helpful (1)

    This place sucks

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in El Monte, CA
    Current Employee - Anonymous Employee in El Monte, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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 Management

    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.


  8. Helpful (1)

    Portfolio Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Manager
    Current Employee - Portfolio Manager
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

    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.


  9. Decent place to work at

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

    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 Management

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


  10. Helpful (1)

    Welcoming environment with great team working departments

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Assistant in El Monte, CA
    Current Employee - Loan Assistant in El Monte, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    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 Management

    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.


  11. Helpful (1)

    Great work life balance but not too much upward mobility.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Cathay General Bancorp full-time

    Pros

    The office culture is very friendly. Most people have been with the bank for many years and know what they are doing. The human resources department is very nice and willing to work with employees to make sure that the best possible outcome occurs. Hours are pretty standard without too much overtime.

    Cons

    Because people are with the bank for a long time, there are not many positions open for career advancement. In addition, people are not too willing to try new things if the way it's always worked before has been ok.



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