Cathay Bank Salary

Cathay Bank pays its employees an average of $111,518 per year. The average salary at Cathay Bank range from $97,757 to $126,629 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

The salary at Cathay Bank is higher than the similar company. The average annual salary at Cathay Bank is $111,518, or an hourly wage of $54, in comparison to COLUMBIA BANKING SYSTEM, INC. which pays $105,999 per year or $51 per hour.

In many roles at Cathay Bank, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

Los Angeles' Cost of Living Index is approximately 173.3 (73.3% more expensive than US average; 23.9% more than CA average). This significantly impacts the purchasing power of a salary from Cathay Bank based there. Our "Cost of Living Insights for Los Angeles" module details this impact, helping you assess the 'real feel' value of your compensation.

Cathay Bank generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Cathay Bank" section on this page.