Shinhan Bank America Reviews in New York City, NY | Glassdoor

Shinhan Bank America New York City Reviews

7 reviews

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New York City, NY Area

2.5
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Shinhan Bank America CEO Rhee Youngjin
Rhee Youngjin
2 Ratings

7 Employee Reviews

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  1. "Teller"

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

    Pros

    Lunch coupon, matching 401k, great health insurance (covers entire family member with low deduction).

    Cons

    The system/computer program is extremely manual. Needs system development.

    Advice to Management

    The senior management should be people who are from the US, not ones from Korea (do not know much about American banking system).


  2. "associate"

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

    I have been working at Shinhan Bank America (Less than a year)

    Pros

    no pros, nada, nothing..seriously. there is no pros.

    Cons

    strict company culture, low salary, basically no pros

  3. "Good benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in New York, NY
    Former Employee - Customer Service Representative in New York, NY
    Recommends
    Positive Outlook

    I worked at Shinhan Bank America full-time (More than a year)

    Pros

    Good health benefits, hours at work are stable 9-5, job was not difficult, pay is good.

    Cons

    lack of diversity in coworkers/ customers. Not a lot of career opportunities due to small size of the company in the U.S.


  4. "Don't go here"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in New York, NY
    Former Employee - Customer Service Representative in New York, NY
    Doesn't Recommend
    Negative Outlook

    I worked at Shinhan Bank America full-time (More than a year)

    Pros

    Nothing to recommend.
    No Pros.. Stay away

    Cons

    Low pay.
    everyone is either cocky or dumb


  5. Helpful (1)

    "Great Workplace to Start Your First Job Experience"

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

    I have been working at Shinhan Bank America full-time (Less than a year)

    Pros

    - Training/Learning Encouraged
    - Health Benefits covered by the Bank
    - Shinhan Culture: As of 2012, Semi-Americanized

    Cons

    - High turnover rate of employees
    - Small number of highly experienced bankers from America
    - Relatively lower salary compared to the industry standards for a medium sized Bank

    Advice to Management

    - Take public steps to incorporate U.S. educated and U.S. hired employees into senior management roles and fully Americanize the organization.
    - Compensate U.S. hired employees at a higher rate ratio.


  6. Helpful (7)

    "No pride in working at SHBA"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operation in New York, NY
    Current Employee - Operation in New York, NY
    Doesn't Recommend

    Pros

    Great benefit (Excellent for multi-family members)
    No layoff
    Continuous hiring due to turnover
    California is worse

    Cons

    90%of people working there have no pride in working with Shinhan brand. Cannot show business card to your friends or colleagues because it is not recongized much. They work because they have no where else to go or are quietly searching an opportunity to move to different company or bank. Only 10% of employees who came from Korea have so called "Top Notch" pride since they are trained that way and they get paid well. They are the ones that get paid 50k to 80k.;Only 10%. The remainder gets 30k(start with college degree) to 42k (experienced, 3 years, ONLY in NY) who are hired in US

    Truth...If you just want a stable job (no layoff) with lowest pay in the banking industry n awesome benefit, this bank is the best place to be. Lay back. No challenge, but a lot of workload without using brain, WORK Here.

    Advice to Management

    Compensate those who contribute more to the bank. Do not discriminate between US hired employees and Korea Hired employees. Maybe Korea hired employees have fancy degree from pretigious school in Korea, but it is worthless here in US. How about testing their English skills? Employees in US have far superior spoken English skills than Korea hired ones. They are scarecrow when communicating in English.


  7. Helpful (2)

    "Credit analyst(?)"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in New York, NY
    Current Employee - Senior Associate in New York, NY
    Doesn't Recommend

    Pros

    Medical plan
    Brand power with Korean community

    Cons

    Salary is low 30K which is not even close to industry comparison. You need to be committed to work until your management leaves. It is probably 2 to 3 hours after normal business hour. Backed up by Parent bank in Korea. But without this financial help, bank cannot last next day. This tells you how strong the parent bank is. Money is pouring in so that the bank will survive and maybe in the future, it will prosper...It will take at least 5 years until see the result. They are short in hand, but cannot hire comparable candidates due to low salary offer. Employees hired either sponsored (visa) or not be able to work for American company due to language barrier.

    Advice to Management

    Recognize employees commitment, everybody is working hard to meet ends need. How far do you want them to go...100% is not enough? Listen to employees' voice. That's all


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