Bank of China - New York Reviews | Glassdoor

Bank of China - New York Reviews

Updated September 11, 2017
33 reviews

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2.1
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Bank of China - New York Chairman Jiang Jianqing
Jiang Jianqing
9 Ratings

33 Employee Reviews

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  1. Helpful (1)

    "associate"

    StarStarStarStarStar
    • 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 Bank of China - New York full-time

    Pros

    Nice colleagues and chill working environment.

    Cons

    Low wage comparing to local banks.


  2. "Dead End"

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

    I have been working at Bank of China - New York full-time

    Pros

    Depending on unit, could be a cushy job

    Cons

    Chinese style management.
    No room for advancement, prefers to hire consultants.

  3. Helpful (1)

    "AVP"

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

    I have been working at Bank of China - New York full-time

    Pros

    Easy to communicate with colleagues if your English is not strong enough

    Cons

    Long hours, worst management, low pay. No work/life balance.

    Advice to Management

    Make a change


  4. Helpful (9)

    "DO NOT RECOMMEND AT ALL!!!!!!!!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I have been working at Bank of China - New York full-time

    Pros

    Really Nothing is good here. But needs to type a min of 5 words to submit a review...

    Cons

    Management know nothing about the business. They don't know how much the staffs handling. Need to work 55+hours to finish the work and the management still tell you that you should work overtime. No mercy when things go wrong. No benefits. Very low pay. Everything is bad here. Do not come here if you have other choices. No training. No diversity. No promotion opportunity.


  5. Helpful (4)

    "AVP"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Nice and new building and free vision plan and MTA benefit, that sum up all the benefits or Pros about this company.

    Cons

    Poor management.weakness within the lines of defenses.focus on reactive managing an issue instead of proactive to anticipate the problem. Poor people management and manager told their staff that they are hiring to do their manager's job. Underpaid within the associate level.Senior Management set the tone by delegating their jobs to their junior staff and get huge bonus by attending meeting and doing nothing for the bank

    Advice to Management

    It is time to wake up


  6. Helpful (9)

    "Disgusting Environment, Mean Managers and Co Workers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    Pros

    None,except the fancy building and the Bryant Park location.

    Cons

    BEWARE, THIS IS NOT A PLACE FOR ANY SECOND GENERATION ASIANS OR AMERICAN PROFESSIONALS. Period. Once inside the building, a totally unexpected experience awaits the unprepared. A really backward and unprofessional environment, reeking of third world state owned corporations and a semi-unionized feel resides here. Backstabbing is very common, unseemly arguments between employees and also with their managers are frequently seen, Everything negative gets characterized as "culture" and thus rationalized.. There are a lot of interns who are recent Chinese graduates in need of a visa to extend their stay in the US. Around them are mostly incompetent, rude and immature workers with poor standards. Meetings are incredibly badly managed as there is no real authority that works except the CEO's.

    The department heads as well as EVP's are Chinese expats. Aside from lack of adequate knowledge and skills in the disciplines they are sent to manage (by western standards) they suffer from poor English abilities and with little knowledge of the US marketplace and norms of doing business here as well as treating employees. As a result, employees who do not know Chinese are often misunderstood, have little influence and are not treated well.

    In general employees are borderline belligerent and very hard to motivate and manage. It's as if they know the bank can't do without them. A big part of their day goes towards blaming others, speaking ill of others, questioning and avoiding responsibility and ownership. People literally walk out of restrooms without washing their hands and the pantry areas are hard for the janitorial staff to keep clean and hygienic.

    What else? BOC has a bad reputation among 3rd party vendors and consultants. Most have had a very bad experience working with the bank's employees.

    To sum up, my advice to any job seeker (Chinese or not) is simply do not work here.

    Advice to Management

    In a way, the Bank represents China and Chinese culture in the USA. Hope you understand that the US is the most sophisticated financial environment this world has and to have the very privilege to work here carries a lot of expectations. I suggest you obtain intensive training and coaching locally lasting several months on how to conduct business here, promote a positive professional environment and how to treat employees by western standards. Please get rid of the risky practice of having expat clowns head up departments. They are a bad fit and should be sent back to China (where they must be shining stars!!)


  7. Helpful (2)

    "Associate"

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

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

    Pros

    Nice and friendly colleagues. They provide $255 a month for MTA or other public transportation. Benefits are okay but not phenomenal. They don't have the TAP (Tuition Assistance Program) like other banks within NY. You can cash any unused sick/vacation days/personal days at the end of the year if they are unused(unless you leave before then then you it will be paid out on a prorated basis).

    Cons

    You don't really learn that much here. Work is too easy/light/not challenging. Most of the tasks is handed to more senior people from china leaving new hires moping around all day with nothing to do. They hire too many chinese and not enough diversity here. Most of the people hired aren't native speakers which causes a language barrier. The pay is severely underpaid for the many roles here. It is too hierarchical here too.

    You have to wait 6 months for the following: PAID vacation days, 401k contribution, personal days, dental, vision and a few others. This is unacceptable. You are basically hired as a "temp" with zero benefits until at least 4 months into the job and thats when you get your sick days and medical benefits.

    Advice to Management

    The whole company culture has to be revamped and restructured.

  8. Helpful (9)

    "DO NOT WORK IN LCD TEAM!!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

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

    Pros

    There really aren't any.

    Cons

    A lot of office politics.Extremely unique and dysfunctional personalities. A lot of lies and manipulation from other colleagues and management. Throwing people under the bus in order to take over someone else's role. Management does not interact or acknowledge staff, no hello's, etc. BEWARE OF JOINING BANK OF CHINA, LEGAL AND COMPLIANCE DIVISION.

    Advice to Management

    Start reading into people's personalities and notice that you too are being manipulated by members of the team that you've entrusted. The demise of LCD is being perpetrated primarily by one person.


  9. Helpful (2)

    "Growing U.S. FBO branch with great upside!"

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

    Pros

    Senior Management compassionate to change bank culture.
    Market rate salaries with expansion minded management
    Friendly environment. With nice social perks

    Cons

    Benefit participation delayed 3 and 6 months after hire date
    Lacks Work life balance consistent with marketplace - I.e, remote access and flex work times
    Lack of transparency


  10. Helpful (2)

    "associate"

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

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

    Pros

    really can not think of any

    Cons

    everything - this place SUCKs


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