East West Bancorp

  www.eastwestbank.com
  www.eastwestbank.com

East West Bancorp Reviews

Updated November 18, 2014
Updated November 18, 2014
67 Reviews
2.0
67 Reviews
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East West Bancorp Chairman and CEO, East West Bancorp and East West Bank Dominic Ng
Dominic Ng
32 Ratings

Review Highlights

Pros
  • You can learn a lot and be taken care of IF you are under the right boss (in 3 reviews)

  • Since the company merged with another major Chinese bank, it expanded its market share overnight (in 3 reviews)


Cons
  • Understaffed at 2 employees and few assistants to sort rampant office politics (in 6 reviews)

  • Terrible English communication even at upper management level (in 6 reviews)

More Highlights

Employee Reviews

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  1. 5 people found this helpful  

    Worst employment experience - disrespected, mistreated and demoralized.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Vice President in Pasadena, CA
    Former Employee - Senior Vice President in Pasadena, CA

    I worked at East West Bancorp full-time (more than an year)

    Pros

    If you are mainland Chinese, used to working long hours for marginal pay, enjoy little to no recognition, and/or may be working on a visa, then this is the perfect place to work!

    Cons

    - Executive Management that doesn't know how to manage, nor understand Western business practices
    - A very Chinese management style - few at top who are in the "club" and the rest are only there to serve them.
    - Seasoned professionals brought in, struggle to be heard and are heavily challenged and overruled by managers who don't know what they are talking about - i.e. - coaching a game they don't understand.
    - Irrational goal setting - exaggerated growth expectations that create demoralizing culture and punishment
    - Extremely political environment with back stabbing, circumnavigating rank protocol, unprofessional and disrespectful communication style that highlights immature management practices and undermines position authority. In other words, upper management encourages jumping of rank with issues and entertains discussions, makes judgments and usurps a managers power, rendering him/her ineffective as their authority/credibility has been taken away.
    - HR is in the style of "Big Brother" and appears to be there for Executive management more than anyone else. There is a certain tone to the hiring and promoting (even the management training programs, where it is 100% Chinese trainees!)
    - Compensation is lacking, but for only the senior most people who are in favor.
    - Relationship Management is not widely client facing (RMs) nor sophisticated to attract and retain commercial and mainstream clients. Most banking products are line-driven, therefore this "not ready for prime-time" RM problem cascades into product groups who are impacted by lack of new middle market clients, thus fall short of their goals.
    - Banking platform (products/technology) is still evolving, which makes it hard to bring in mainstream clients who are used to a robust product and service offerings, expecting online channel delivery as well.
    - Operations are very remedial and there are severe language issues that create problems internally and externally, which has gained horrible client reputation.
    - Senior Executives and other seasoned professionals find their skill sets going backwards while at East West Bank due to the above issues and inability to perform what they were hired for.
    - Reputational risk exists for seasoned employees who find employment at EWB.

    Advice to ManagementAdvice

    While Executive Management is well grounded in numbers and financials, being predominantly former CPA's, they severely lack in understanding Management and Leadership practices in a way that would truly accelerate their business. They sorely need Executive Coaching from an outside (not internal) reputable firm/individual to help them understand the issues that are limiting their success. EWB Executive Management need to start understanding they're Chinese management practices are not serving them well in a Western business culture - they should adopt a "when in Rome" approach. They may be able to look good on paper with their management of the financials, but they are failing miserably underneath it all and have a terrible reputation as a place to work for any real professional. Only newbies, those in search of visas, naïve workers or professionals running out of employment options and view EWB as a "last resort" are willing to work there. Management should also note many of the senior managers who come from the Western world of business are looking for jobs because they see the issues once they are employed and know the average time at the bank for them is less than 24 months. EWB could be a really special and even more successful bank, but Executive Management would need better self-awareness and maturity to put their egos aside to invest in the necessary change. Unfortunately, the bank's overall success masks the sins of what's really going on inside and fuels the wrong perception/interpretation of the growth numbers for outsiders.

    If you want to grow and expand your client base beyond the "Chinatown" banking, you need to make sure your RMs are client facing in the right way: language skills, articulate, can relate to prospect and have the right approach - not demanding. Additionally, you need to have a robust set of products and services with Operations people who again, know how to communicate in the right way and handle issues in a professional manner.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    no growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Teller/Customer Representative in Phelan, CA
    Former Employee - Teller/Customer Representative in Phelan, CA

    I worked at East West Bancorp part-time (less than an year)

    Pros

    CSR/teller at Desert community bank- was an easy job with decent pay.

    Cons

    No growth opportunities. If you want to be a part time teller for years, this is the place to be. They do not recognize college degrees and if they do promote, its the ones fresh out of high school that take less pay.

    Advice to ManagementAdvice

    Recognize individuals who invest in college and a degree. They are usually the ones who will stay with the company the longest if their potential is recognized.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Retail banking

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

    I worked at East West Bancorp full-time (more than 3 years)

    Pros

    Was an exciting place to work for until the company expended to its size now and new management. You can learn a lot and be taken care of IF you are under the right boss. Healthcare costs are reasonable.

    Cons

    New management cares only for numbers. Low employee morale. Hard work is usually unrecognized. Management is biased. HR is not far behind; employee concerns are overlooked. SIGNIFICANT salary gaps for all positions. Low to non-existent salary raises. Goals are unrealistic and not reflected in pay level. Lots of office politics. "Employee engagement" is non-existent.

    Advice to ManagementAdvice

    Should build a reward incentive culture instead of a punishment based work environment to keep talents.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5. 2 people found this helpful  

    Very poor experience, bad management

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

    I worked at East West Bancorp full-time (more than an year)

    Pros

    They invested millions of dollars in new technology, which was a good learning experience. There were a few talented people on my team.

    Cons

    Most of my team members never spoke, they just kept to themselves and did not like to share their knowledge. Not a sociable atmosphere at all.

    The El Monte Operations center is in a terrible area, the building was old, smelly and filled with roaches. The A/C didn't work most of the time. Being located in the San Gabriel Valley where the average summer temperature is 100°, it was often unbearable.

    Management is a joke. The same bad managers keep getting promoted over and over again, making more and more money. A lot of office politics.

    The HR department is also a joke. When you have a legitimate complaint against your supervisor, they side with the company, not yours.

    Employee favoritism is HUGE in this company. You can do a great job and get nothing (no compliments, feedback on your performance, raise, or bonus), or you can do a lousy job and get promoted AND a raise, if you are “in” with the right manager. They also eliminated the work from home policy, but some certain “favorite” people still got to work from home.

    Advice to ManagementAdvice

    Treat your good employees with respect, give them the raises and bonuses they deserve for doing a great job and sacrificing so much overtime (on evenings and weekends) to get your systems installed. And STOP the employee favoritism by managers!!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Not a good place to work at

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

    I have been working at East West Bancorp full-time

    Pros

    If you don't speak English well and don't have a degree in the US, you can probably look here and find a okay job here.

    Cons

    A lot of office politics, backstabbing and favoritism.
    Very poor English communication even among upper managements.
    The company also treats employees poorly. They underpay employees and push very hard for unrealistic goals.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 4 people found this helpful  

    Vice President

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Pasadena, CA
    Current Employee - Vice President in Pasadena, CA

    I have been working at East West Bancorp full-time (more than an year)

    Pros

    Strong stock price and great efficiency ratio. Fair compensation, solid medical benefits and generous 401K match.

    Cons

    Management is not in touch with reality. Unrealistic goals. Organizational structure is set up to create internal infighting.

    Advice to ManagementAdvice

    Structure your organization as a traditional commercial bank.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 3 people found this helpful  

    Sweat Shop

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

    I have been working at East West Bancorp full-time (more than an year)

    Pros

    Solid financials, strong stock price

    Cons

    This place is working at a traditional Chinese sweatshop. The culture is to churn and burn their employees. 40% of new hires are gone within 12 months. This place is a compliance nightmare, sexual harrassment is tolerated and practiced regularly. If you aren't Chinese, you won't survive. Don't bother if your Korean.

    Advice to ManagementAdvice

    Read these reviews and get a clue as to what your employees, but former and current are saying.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  9. 5 people found this helpful  

    Disappointing

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

    I have been working at East West Bancorp full-time (more than an year)

    Pros

    Solid financial profile and performance for shareholders, lacks many layers of management , China - US bridge banking a mission that sets bank apart from others
    .

    Cons

    Senior leadership lacks caring for employees, little teamwork, much favoritism, and traditional top down way of management. Lack of training programs. Leadership team does not promote positive feedback or communication. Lack of enforcing performance reviews. Cutthroat and pressure on meeting short-term goals. Management makes promises they do not keep to attract employees.

    Advice to ManagementAdvice

    Focus on improving corporate culture so communication is valued. Engage in seminars so management does not harass employees. Make executives focus less on their profit center. Do 360 reviews of managers. Make good teamwork among regions and product teams a core goal. Study and implement best work practices of American companies.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10. 3 people found this helpful  

    Worst place I ever worked at in 30 years

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

    I have been working at East West Bancorp full-time

    Pros

    Good at managing risks and bottomline.

    Cons

    Management lacks strategic vision. Growth is by mainly acquisitions and expense control. Focuses on the petty and short term and does not invest in the long term technology, etc. Not willing to pay for expertise and talent, resulting in mediocre employees throughout the middle management and lower ranks.

    Employees (even at high levels) are not trusted to make the right decisions so they have little loyalty and high turnover. No transparency and little communication from top to bottom as well as among departments (a bunch of silos).

    Customers and employees are not the company's highest priorities.

    Disapproves of CEO
  11. 7 people found this helpful  

    Don't work here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Commercial Banking Officer in San Francisco, CA
    Current Employee - Commercial Banking Officer in San Francisco, CA

    I have been working at East West Bancorp full-time (more than an year)

    Pros

    Nothing I can think of.

    Cons

    I will start by saying that I have work for many different banks and hands down it doesn't matter if you work on the retail side or if you work on the commercial side it is terrible here.

    First off the pay sucks. Unless you're in upper management right next to Dominic, your pay is going to be terrible.
    The culture here is bad, way too many chinese people here and they all have very traditional chinese views on work, inter personal interactions and just about everything else you can think of.
    The HR department here in Nor Cal is a complete joke because it consist of only 1 person. Yep, 1 person for their whole HR team. And you think she doesn't play favorites you are wrong.
    Also, the management here is really bad, they always micro manage and never tell you the truth. Fear and deceit is all that you get.

    So you wonder why people work here? They hire very easily, if you use EWB as your stepping stone then that's fine but stay here too long you might develop a tumor of some sort.

    Advice to ManagementAdvice

    Work on your HR dept.there is all kinds of harassment happening within this company and no one cares. People are being treated badly and under paid.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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