Does Preferred Bank pay their employees well?

According to anonymously submitted Glassdoor reviews, Preferred Bank employees rate their compensation and benefits as 3.0 out of 5. Find out more about salaries and benefits at Preferred Bank. This rating has improved by 6% over the last 12 months.

How satisfied are employees working at Preferred Bank?

54% of Preferred Bank employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Preferred Bank 3.2 out of 5 for work life balance, 2.7 for culture and values and 2.4 for career opportunities.

What are the top reviewed jobs at Preferred Bank?

Bank Teller (2) , Operations (2) , Vice President (2)

What are the pros of working at Preferred Bank according to real employee reviews?

"Great leadership" ((in 3 reviews))

What are the cons of working at Preferred Bank according to real employee reviews?

"Low Pay:" ((in 3 reviews)); "Not a happy place to work." ((in 3 reviews))

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Preferred Bank

Preferred Bank Reviews

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3.0

54% would recommend to a friend

(28 total reviews)

Li Yu

75% approve of CEO

51% positive business outlook

Ratings by category

3.2

Work/Life balance

3.0

Compensation and benefits

2.9

Senior management

2.7

Culture and values

2.7

Diversity and inclusion

2.4

Career opportunities

Preferred Bank has an employee rating of 3.0 out of 5 stars, based on 28 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Preferred Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

28 reviews

1.0

8 Feb 2017

On the line

Anonymous employee

Recommend

CEO approval

Business outlook

Pros

Not to many Pros. Their decisions don't make sense. Very inconsistent. They hire lots of people but do not have enough room or space.

Cons

They hire many people at a time. Drain you for your contacts then let you go and have someone else work your contacts for less pay. Their offices are in bad locations because they are trying to keep costs down, but don't care about how that affects productivity.

1.0

25 June 2015

Avoid at all costs if you are under 65 y.o., not Chinese and have a career ahead of you

Anonymous employee

Recommend

CEO approval

Business outlook

Pros

None except of the convenient location

Cons

Hours are long You are expected to work around the clock Stressful place Bad and rude management High turnover of people

1.0

6 Jan 2015

Very stressful work environment, with wages 20% below peer group, which is actually typical to an Asian bank.

Loan officer

Recommend

CEO approval

Business outlook

Pros

I do not see any pros for working for Preferred Bank, unless you have no other employment opportunities.

Cons

Asian managers have no soft skills and/or emotional intelligence in dealing with subordinates. Workload is inhuman and the pay is very-very low.

Viewing 1 - 3 of 28 Reviews

Jobs at Preferred Bank

Customer Service Rep I

USD 60K - USD 95K /yr

USD 80K - USD 100K /yr

(Employer provided)

View job

Assistant Ops Officer

Los Angeles, CA

USD 45K - USD 63K /yr

(Employer provided)

View job

Assistant Ops Officer

Tarzana, CA

USD 50K - USD 68K /yr

(Employer provided)

View job