Bank of China - New York Reviews in New York, NY | Glassdoor

Bank of China - New York New York Reviews

Updated November 22, 2016
12 reviews

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New York, NY

2.5
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Bank of China - New York Chairman Jiang Jianqing
Jiang Jianqing
5 Ratings

12 Employee Reviews

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  1. "Awesome experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern - Hourly in New York, NY
    Former Employee - Intern - Hourly in New York, NY
    Positive Outlook
    Approves of CEO

    I worked at Bank of China - New York full-time (Less than a year)

    Pros

    Get some hand-on works for interns
    Nice people
    Cash bonus during Christmas
    Good location
    HR is efficient
    Technology up-to-date
    Many restaurants near by

    Cons

    I can't think of many cons. Maybe they should provide some basic training for newly hired interns. It would be easier for interns to learn more about the concepts.

    Advice to Management

    Keep doing what you have been doing. Maybe train the interns formally.


  2. "Great if you're looking for a quiet place to die"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY
    Doesn't Recommend

    I worked at Bank of China - New York full-time (More than a year)

    Pros

    Rarely work more than 8 hours, health insurance is cheap, subsidized membership to New York Health & Racquet Club, great for people who care about job more than career, full 1 hour lunch break

    Cons

    Written material and communication suffers due to high numbers of late English learners, no transparency, no ability to work remotely, every decision including ordering business cards requires HR approval, lots of cliques, no concern for diversity, non-Chinese employees used as tokens, no clear path to promotion, communication from management is not open, less vacation than industry standard, pay is lower than industry standard, bathrooms are disgusting, professionalism is low, nepotism is high, 9:01AM arrival is considered late and may warrant a notice from HR, output is prioritized over quality of work, chance of expanding skills/ & trying new things is low, bank constantly under regulator scrutiny, recent Chinese graduates with little to no experience favored over more educated & experienced non-Chinese people

    Advice to Management

    You will NEVER attract or retain top talent if you don't pay people, give chances for advancement and clearly communicate what the bank's expectations are. The whole notion of "just put your head down & do what you're told" is for days long gone.


  3. Helpful (2)

    "Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - New York in New York, NY
    Former Employee - New York in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    People are nice. Mentors are very good and the lifestyle are also good.intimate relationship with colleagues and leaders

    Cons

    small chance to be full-time, Chinese style management and relationship.


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  5. Helpful (4)

    "Lot of work with low pay"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Auditor in New York, NY
    Current Employee - Auditor in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nothing really, just a lot of work for minimum pay.

    Cons

    Low pay, with lot of over hours. Seems like they don't know the pay scale here in the US, so they just use the industry min.

    Advice to Management

    Figure out how you can get top talents instead of just cheap labor.


  6. Helpful (7)

    "Poor Management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook

    Pros

    Talented individuals will have the room for advancement (if you are patient enough to wait couples of years), since most of other employees in the bank are incompetent. Again, if you are the competent one, you will be given a significant amount of responsibility and workload, which can mean opportunity to learn and grow. If you are looking for an ultra stable job, this is the right place for you - they just NEVER fire their employees, no matter what!

    Cons

    Except from the below-market salary, the most ridiculous thing is - you don't receive your bonus until the last quarter of NEXT YEAR! So if you leave the job anytime before the last quarter of next year, you will lose your bonus even you have serviced a full year this year.
    Another major con - the whole company is lack of management. Senior managements are ALL sent from China, and will change every 2-6 years. Therefore, there is a glass ceiling for local employees. Managements have no understanding of the local market and the business, nor they know how to manage the employees professionally. If you don't know how to please your boss, or help your boss to please their boss, you won't be given opportunities. They see employees as tools of them, instead of a human or a friend. Most of the time, your department head has no experience in the particular area, so they rely 100% on you to know everything, bring in the business, solve all problems and finish all the work. Another word - no coach and training, you will have to learn everything and finish everything by yourself. Lastly, you will be assigned to a lot of redundant and meaningless work, which are out of your job responsibilities.

    Advice to Management

    Hiring local management; salary and bonus should meet market standard; fire the unqualified employees.


  7. Helpful (1)

    "Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Bank of China - New York (More than a year)

    Pros

    H1B, Not much pressure for people just looking for a 9-5 job

    Cons

    Lack of being organized, no training

    Advice to Management

    Organized structure


  8. Helpful (2)

    "trouble boss"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Analyst in New York, NY
    Former Employee - Credit Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    some Benefits good, like they pay the sick days if u donot take it

    Cons

    crazy boss, crazy culture, no future


  9. Helpful (6)

    "Move on Nothing to See Here"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    I worked at Bank of China - New York full-time

    Pros

    "We provide discount movie tickets" - Bank of China New York HR

    Cons

    1. No career growth as upper management is and will always be an expat from China
    2. If you are not from mainland China, be prepared to be passed on for promotions, pay increases, and bonuses
    3. Interesting, stimulating work is given to those with limited skill sets (i.e. new hires) or foreign workers while experienced personnel are stuck on repetitive tasks
    4. HR can and will decide your bonus and pay increase even if your manager approves on a different figure
    5. All new hires (even managers) undergo a mandatory 6 month probationary period during which no benefits (i.e. medical) are provided
    6. You can never be late not even for 1 minute (this includes both back and front office). You cannot make up your lateness by staying late (for non-exempt employees).
    7. Many of the individuals speak Mandarin and will not hesitate to speak it in front of you with no English translation provided
    8. Pay is significantly below market for all positions within the bank (unless you are an international hire from mainland China)
    9. Your manager will not hesitate to inform you and your team that "I will fire you without mercy"
    10. Severely limited growth opportunities (both professionally and personally) (i.e. no tuition reimbursement)
    11. Rampant gossiping
    12. Your lunch breaks are timed and tracked
    13. Your internet usage at work is timed, tracked, and will be used against you come review time
    14. Yearly bonuses and pay increases are delayed year after year. Pay increases for 2012 and possibly 2013 were and will not be received until December 2013 and 2014 respectively
    15. No business cards are provided unless deemed necessary by upper management
    16. Management would prefer to internally move personnel (with no relevant experience) from one department to another, rather than hiring experienced individuals who possess the skills required

    Advice to Management

    If you wish to retain local talent, you must change your business culture.


  10. Helpful (1)

    "Good for some people, bad for others"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at Bank of China - New York full-time (More than a year)

    Pros

    Nice and friendly people to work with, little stress, good benefit, termination is extremely rare. If you are looking for your last step towards retirement, it's a good choice; if you are fresh out of college, it is the last place to go.

    Cons

    No training, you're stuck to do one thing forever; salary is 40% lower than comparative jobs in other major banks.

    Advice to Management

    Retention of employees is a big deal!


  11. "Nice place to work if you wanna find a financial institution with bilingual environment and Chinese culture."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Officer in New York, NY
    Former Employee - Loan Officer in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Bank of China - New York full-time (Less than a year)

    Pros

    Bilingual working environment (English and Chinese), Deeply rooted Chinese corporate culture,

    Cons

    The senior executives are designated from China and the administration is greatly influenced by Chinese culture and government policies

    Advice to Management

    Improve the diversity of staff body and expand business to more general public American communities (too much focused on Chinese communities)



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