HSBC Holdings

  www.hsbc.com
  www.hsbc.com

HSBC Holdings Reviews

Updated 22 November 2014
Updated 22 November 2014
980 Reviews
3.5
980 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
HSBC Holdings Chief Executive Stuart T. Gulliver
Stuart T. Gulliver
288 Ratings

Review Highlights

Pros
  • Work-life balance gets much better starting second year when you are more adapted (in 118 reviews)

  • Work from home is always a plus, but you can't always do so (in 26 reviews)


Cons
  • Terrible work life balance for a great deal of the employees (in 36 reviews)

  • Lots of senior management changes and their dedication in investing US is not clear (in 50 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great company, great vision for the future with their emerging markets strategyin Asia

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Summer Intern in Sydney
    Current Employee - Summer Intern in Sydney

    I have been working at HSBC Holdings as an intern (less than an year)

    Pros

    Great vibe, friendly environment and people

    Cons

    Nothing so far as is. Thats a good thing !

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great people to work with. However bureaucracy makes everyday work and process ridiculously difficult.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Sydney
    Former Employee - Anonymous Employee in Sydney

    I worked at HSBC Holdings full-time (more than 5 years)

    Pros

    Great International present with premier proposition. Communication with other HBSC team accross the globe is easy. Easy job transfers within HSBC group (from 1 country to another)

    Cons

    Recent years, tighten policies and procedures which makes everyday work is increasingly difficult. Introducing a lot of new process which a lot of times not logical and very bureaucratic, making every single task is hard to complete. No cohesive working process, every single task needs a follow up which leads to unnecessary stress. Contradicting strategy between department due to lack of communication between team, ie: one department introduce new initiatives and procedure, however another team will stop this new initiatives due to another reason. Although salary maybe higher than other banks, however due to overtime spent during work, it works out that hourly rate is lower compared to similar position in other bank. Incentives aren't great for sales team, very hard to get unless meeting all your sales target and behavioural component (which is very very very subjective, depending how good you are with your boss). That goes to prove that doesn't matter you have met your sales target, if your relationship with your boss is not good, he/she can give excuses not giving you incentive due to your behaviour. That is so unfair. All in All, as one of a client said about HSBC, How Simple Becomes Complicated, I thought this is really true.

    Advice to ManagementAdvice

    1.Please hire right people, especially for leader position ,this is important as a role model. You don't want to hire a crook as a leader which at the end affecting morale of other team members.
    2.Please know what is happening within your jurisdiction and help making a cohesive decision across every department which is simpler and easier to follow.
    3.Please come and visit every department and spend sufficient time there. Only this way you will know the everyday life of your employees, in which help you to make right decision in your leadership.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Operational Risk Executive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operational Risk Executive in Sydney
    Former Employee - Operational Risk Executive in Sydney

    I worked at HSBC Holdings full-time (more than 5 years)

    Pros

    Team and management were wonderful - great culture

    Cons

    Getting promoted was never going to happen internally and extremely process driven

    Advice to ManagementAdvice

    Consider giving the more junior people the opportunity to grow - invest and put trust in them

    Recommends
    Positive Outlook
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  5.  

    Neutral

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker in Sydney
    Current Employee - Personal Banker in Sydney

    I have been working at HSBC Holdings full-time (more than 3 years)

    Pros

    Strong HR system, comparatively higher pay, strong networking

    Cons

    Lack of technology to back up on work loads, compliance focus, constance changing on policies and procedures, lack of training

    Recommends
    Neutral Outlook
  6.  

    Good people but bureaucratic

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings full-time (more than 3 years)

    Pros

    Good team and good benefits. Very easy to get to know the breadth of the business. Good opportunities across teams and between countries

    Cons

    No real development structure, hard to be promoted within a function, too much reliance on manuals and procedures in place of balanced decisioning making, since the Deferred Prosecution Agreement local countries' decision making is severely limited

    Advice to ManagementAdvice

    Understand your business and market before making the manuals

    Recommends
    Positive Outlook
  7.  

    Overall a good company. Contractors are paid less due to the "prestige" of working for HSBC. Perm staff are invested in!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings as a contractor

    Pros

    It is a large enough organisation to allow movement within different global businesses but to have completely different experiences (e.g. working in Retail Banking & Wealth Management vs. Commercial Banking vs. Global Private Banking vs. Global Banking & Markets). Significant soft skills training is offered to permanent staff. Good staff (be they perm or contractor) are retained and moved on to other projects or departments. Good perm staff are invested in and can climb the ladder quite quickly. Most departments are less "stuffy" and demanding than the American Investment Banks.

    Cons

    Bonuses are not so great in relation to annual profits and the American Investment Banks.
    Contractor rates are less than competitive banks (the "prestige" of having HSBC on your CV is deemed worth the difference).

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Analyst in Sydney
    Current Employee - Financial Analyst in Sydney

    I have been working at HSBC Holdings full-time (more than 3 years)

    Pros

    good good working environment dog

    Cons

    too much work, less trainning

    Advice to ManagementAdvice

    hehehe office environment to improve

  9.  

    Pretty good

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings

    Pros

    Very relaxed and laid back atmosphere

    Cons

    A lot of lazy staffs

  10.  

    Wonderful opportunity to work with talented people, and to make a difference in your job.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Sydney
    Former Employee - Business Analyst in Sydney

    I worked at HSBC Holdings full-time (more than an year)

    Pros

    Great team environment,
    Great opportunities to move within the organisation,
    Hard work is rewarded

    Cons

    Bureaucracy .. lots of red tape .. direction comes from Hong Kong & London, HSBC.

    Advice to ManagementAdvice

    Listen to your employees if they have ideas or concerns.

    Recommends
    Neutral Outlook
  11.  

    Low pressure, great people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Intern in Sydney
    Former Employee - Intern in Sydney

    I worked at HSBC Holdings

    Pros

    Was hardly stressed while working, the people were really friendly. I worked on quite a few significant projects, and felt like a valued team member.

    Cons

    The tasks I did could have been much more challenging. Also, it appeared that there was hardly any socialising among different teams.

    Advice to ManagementAdvice

    I received great training, management was always there to answer my questions. In the future, try to put a bit more pressure on interns.

    Recommends
    No opinion of CEO

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