Wilshire Bancorp Reviews | Glassdoor

Wilshire Bancorp Reviews

14 reviews

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Full-time Part-time

2.9
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
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Jae Whan (J.W.) Yoo
6 Ratings

14 Employee Reviews

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  1. "Assistant Underwriter"

    Star Star Star Star Star
    Current Employee - Assistant Underwriter in Los Angeles, CA
    Current Employee - Assistant Underwriter in Los Angeles, CA

    I have been working at Wilshire Bancorp (More than a year)

    Pros

    The company pushes you to learn everything fast. This can be beneficial, because it's a good foot in the door. Family-like environment. Good work life balance.

    Cons

    Pay is beyond below average. Promotions are purely based on tenure and not merit. You learn to copy and paste information rather than learn actual analysis.


  2. "What a Horrible Place"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook

    Pros

    Growing Korean-American bank about to merge with another Korean-American bank.

    Cons

    Literally, the worst bank I have ever worked for. Run like a dictatorship, or monarchy. Very cliquish. Resistant to change and people are hired and let go like the wind.

    Advice to Management

    Grow up and get some.


  3. "Way too koreanized"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Team work seems very important here and the co-workers are pretty friendly. Bonus at end of the year, outings as a group to nice dinners etc. If you work there long enough, probably reach VP position regardless of how talented you are. Insurance and 401K are really good here.

    Cons

    Low salary, Korean culture is really strong..., can't readily take sick days for fear management will say something. They tell you to use vacation days but you're kind of forced to use it at end of the year.


  4. "Officer"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Wilshire Bancorp full-time (More than a year)

    Pros

    Nice People, family style business

    Cons

    if you are not part of the family, no promotion


  5. Helpful (1)

    "Avoid working at this bank in the East Coast"

    Star Star Star Star Star
    • 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
    Neutral Outlook
    Approves of CEO

    I have been working at Wilshire Bancorp full-time (More than a year)

    Pros

    Great coworkers and if you're a workaholic you'll love it here

    Cons

    Promotions, HQ being in LA (Human Resources don't care about the people that aren't located in HQ!!! They ignore the people on the East Coast!!!)

    Advice to Management

    Stick to your words. If you promise something to the employee, please do it. This is why no one likes you because you go behind what you say and stop boasting yourself in front of us cause we don't care.


  6. "Document Imaging Processor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Wilshire State Bank in Los Angeles, CA
    Current Employee - Wilshire State Bank in Los Angeles, CA

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

    Pros

    Great Staff and supervisor, unparalleled teamwork and guidance from mentors and peers.

    Cons

    There can be times when the work becomes tedious and time pressured tasks without without knowing the projected end of the project


  7. "Overworked and underpaid"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Officer in Los Angeles, CA
    Former Employee - Loan Officer in Los Angeles, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Nice colleagues, okay benefit program (medical/dental/vision/401k)

    Cons

    Significantly lower pay than its competitors.

    Advice to Management

    Improve the compensation plan to retain and attract skillful employees


  8. "Good, but pay is low compared to other major banks"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA

    Pros

    The people are caring, and great people work there.

    Cons

    Low pay, sometimes your opinion won't matter because of your age

    Advice to Management

    Give some pay raises to the front lines as they are the one that represents your company to the customers.


  9. "Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Officer in New York, NY
    Current Employee - Loan Officer in New York, NY

    Pros

    Good Reputation, Good Working Environment, Good co-workers

    Cons

    Low Salary, Low Bonus, Low Benefits

    Advice to Management

    Thank you for everything. I will work harder.


  10. Helpful (2)

    "Current Employee"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Approves of CEO

    Pros

    Your job is only going to be enjoyable if you're put in the right department with an experienced manager

    Cons

    Everything's great except the pay.
    You don't get compensated enough for the work we do

    Advice to Management

    No advice is recommended at this time.


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