HSBC Holdings Reviews

Updated 24 August 2014
Updated 24 August 2014
955 Reviews

3.4
955 Reviews
Rating Trends

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

Review Highlights

Pros
  • The organizations offers decently fair work life balance and job security (in 114 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 34 reviews)

  • Lots of senior management changes and their dedication in investing US is not clear (in 49 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Very useful experience if seeking a banking career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor  in  Athens (Greece)
    Current Employee - Financial Advisor in Athens (Greece)

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

    Pros

    Organized structure. Training programmes. Excellent colleagues Not enough space for promotions

    Cons

    Pure middle management which is not leads the employees. Lack of leadership

    Advice to ManagementAdvice

    Try to change your evaluation procedures. Medium management is poor and unfortunately the qualitative methods used are not fair enough

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Excellent employer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst  in  London, England (UK)
    Former Employee - Business Analyst in London, England (UK)

    I worked at HSBC Holdings as a contractor for less than a year

    Pros

    Interesting work
    Very good working conditions and environment, largely shielded from the corporate politics
    Very nice people

    Cons

    Limitations on the technology allowed to be utilised in finding the best solution to the problem at hand.

    Advice to ManagementAdvice

    Limitations on the technology allowed to be utilised in finding the best solution to the problem at hand mans you do not end up with the best solution.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Good opportunities to move around different business areas and countries

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager  in  Sheffield, England (UK)
    Current Employee - Project Manager in Sheffield, England (UK)

    I have been working at HSBC Holdings full-time for more than 8 years

    Pros

    Whilst salary can be lower than comparable jobs in industry, the total reward package including pension and share options make this better than other companies. Once you are in the organisation it is possible to gain exposure if differing business areas and also take on secondments and transfers to other countries. Excellent place to work for young families due to flexibility with working hours and maternity/return to work options.

    Cons

    As with any business of this size and considering the climate and strategy, job security can not be guaranteed. There are annual issues across teams when forcing a bell curve to rank individuals. This is meant to be changing but can't see it shifting to a complete revamp of the mid-year and annual review cycle.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    I love HSBC!

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at HSBC Holdings

    Pros

    I worked at HSBC for 9 years with the Training and Development team. What an awesome group of people!

    Cons

    I have nothing but great things to say about HSBC. I enjoyed my 9 year there!

  6.  

    Good place for a start up as Officer or Manager.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President of Banking Operation  in  Shanghai, Shanghai (China)
    Former Employee - Assistant Vice President of Banking Operation in Shanghai, Shanghai (China)

    I worked at HSBC Holdings full-time for more than 8 years

    Pros

    - Process is fully implemented.
    - Always could find help from upper reporting line.

    Cons

    - Below market average pay if level is not high.
    - Reach ceiling when promoted to AVP level.
    - Not competitive pay compared on the market.

    Advice to ManagementAdvice

    - They need to focus on reform and provide more opportunity to staff.

    Recommends
    Positive Outlook
  7.  

    Intense.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  Hong Kong (Hong Kong)
    Former Employee - Analyst in Hong Kong (Hong Kong)

    I worked at HSBC Holdings full-time for less than a year

    Pros

    Learn a lot, you're around people more important than you'll ever be, and it's high-flying investment banking.

    Cons

    Long hours, tedious work, a lot of chair time.

    Advice to ManagementAdvice

    None.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 2 people found this helpful  

    Not for the little people.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Officer  in  Salford, North West England, England (UK)
    Former Employee - Customer Service Officer in Salford, North West England, England (UK)

    I worked at HSBC Holdings full-time for more than 10 years

    Pros

    Nice people (staff grade), lax attitude towards development unless you want it, rarely overworked, easygoing approach to flexibility, overtime available constantly (voluntary), good number of holidays.

    Cons

    Poor pay and reward even of you achieve, or over achieve; poor quality management; belligerent senior management; culture of fear and persecution encouraged; management by spreadsheet; too much bell curve and Six Sigma; no job security.

    Advice to ManagementAdvice

    The gulf between what is on paper a good employer and what is happening on the shop floor could not be wider. Command structures need to be filled with those brave enough to speak their minds and capable enough to admit when they are wrong not simply bully, bully, bully. The pay for the majority of staff (the bottom three grades) needs seriously overhauling if any degree of loyalty is expected. The reliance on thousands of agency staff needs to be addressed as it creates a horrid two tier system which breeds abuse and dissent, as well as undermining the management messages. Finally a degree of honesty as yet unborn needs bringing into the world otherwise people will continue to read about their employer in the news and find out that a lot of what they are told at work is a bit less than true which affects almost every aspect of what people do. If people's loyalty isn't to be bought, it must be earned. At the moment managers are doing neither for their staff members.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    mostly bad

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

    I worked at HSBC Holdings

    Pros

    Good office
    Nice break out areas
    good extra curricular activities

    Cons

    Managers are not good
    No transparency of ideas
    Stealing credit
    worst transport
    worst chairs not ergonomic

    Advice to ManagementAdvice

    when many leave cos of a manager its better to fire him/her
    rather than spend time and energy to hire train and absorb new talent only to lose them again..
    its a vicious circle..

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    HSBC - Streamlining

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

    I worked at HSBC Holdings

    Pros

    Good culture and Work-Life Balance

    Cons

    Do not value their staff

    Advice to ManagementAdvice

    Put the customer first, not the bottom line

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Friendly working environment but little challenge

    Former Employee - Project Manager  in  London, England (UK)
    Former Employee - Project Manager in London, England (UK)

    I worked at HSBC Holdings full-time for more than a year

    Pros

    Good benefits and work-life balance. I had 8.30-7 hours for most of the time I worked at HSBC, and found little need for face time. I also had supportive coworkers from whom I learned a lot. Very friendly atmosphere - definitely not cut throat the way some banks are described as being.

    Cons

    Underchallenged for 75% of the time that I spent in this role (2 years), and I'm guessing that many other people had the same experience - even on a supposed fast track the learning curve levels off quickly. Not for the extremely ambitious.

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