Bank Of Hope reviews

2.5

37% would recommend to a friend

(340 total reviews)
avatar

Kevin S. Kim

32% approve of CEO

37% positive business outlook

Bank Of Hope has an employee rating of 2.5 out of 5 stars, based on 340 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Bank Of Hope employee rating is 33% below average for employers within the Financial Services industry (3.7 stars).

Reviews by job title

340 reviews
1.0
Aug 7, 2023
Recommend
CEO approval
Business Outlook

Pros

Health insurance is superior to others

Cons

100% turnover since I have worked there. The whole dept in the range of 30 to 40 employees got wiped out/eliminated due to the Upper Management's wrongdoing. They are the one who approved loan productions with the bank's policy. Blamed game was easy for them. It was easy to get rid of employees who have families to feed. Many of them are still not unemployed. Heartless, cold-hearted. They hired 3rd tier upper management (Paid lucrative salary (50% increase) and given preferential privilege to work at home). If your ethnicity is Korean, they will discriminate you by low-balling as the bottom feeder. They hire the whites for upper management so that it looks good for the public. Used to be 100% Korean for upper management , but it is now dominated by the Whites. Very old fashioned if you are stuck with dept. that only does certain loans. PMs does not have capacity to initiate the loan due to their lack of knowledge on certain industries. Unexperienced PM's write-up correction does not make any sense due to language barrier, but need to show authority to juniors; make corrections on write-up that does not make sense to the natives.

1.0
Oct 8, 2018

Discrimination in your face!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You do not need to know how to speak English in order to work here

Cons

It is not even a secrete that the bank 'cannot' tell the difference between domestic and international wiring, therefore, no anti-money laundering is meaningful. Why? Because the North Koreans are also Koreans and they are superior than all the non-Koreans! Why would BoH still hire non Koreans? Because they cannot find the Koreans with credentials that the regulators want and non-Koreans can serve as scapegoats when fraud is caught! Do you think they will promote non-Koreans?

1.0
Jan 31, 2024

WARNING STAY AWAY

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

My colleagues were nice people

Cons

Too many layoffs due to incompetent management and overloaded work with insufficient compensation. Multiple layoffs have been happening since 2021 with certain departments getting entirely wiped out. These works will be handed over to a team in a different branch. Now, you have to do your work and the other departments work concurrently without even getting properly compensated. There was also a credit training program the company prepared for the credit analysts and loan officers, and I believe everyone had to complete the course. Half of these people were laid off and I am wondering, what was the point of the training then? Now, they are hiring loan officers again in the job posts. Not only that, certain managers are extremely condescending and will try to talk about random bs time to time to rationalize their questionable behaviors to their workers. With so many talented people obviously trying to leave the company left and right, managers will gaslight you to stay and make false promises. Some old Korean ladies who cannot even speak a proper English waste their time gossiping about their coworkers. I genuinely am curious how some senior employees got their title in the first place.

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Glassdoor has 359 Bank Of Hope reviews submitted anonymously by Bank Of Hope employees. Read employee reviews and ratings on Glassdoor to decide if Bank Of Hope is right for you.