HSBC Holdings Reviews

Updated 25 October 2014
Updated 25 October 2014
971 Reviews
3.5
971 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
HSBC Holdings Chief Executive Stuart T. Gulliver
Stuart T. Gulliver
284 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 49 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    There's a plague running through the investment bank

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

    I worked at HSBC Holdings as a contractor (more than an year)

    Pros

    - Work/life balance
    - Responsibilities & task exposure generally broad
    - Good number of internal communication mechanisms
    - Advocate of brown bag's
    - Decent pay
    - Canteen at 8CS

    Cons

    - Calibre of most permanent resources well below industry standard and highly inexperienced yet being promoted?!?
    - The lifts at 8CS
    - Loads of "chatting" behind backs along with devious activity (on par with a soap opera)
    - Loads of useless meetings and not enough do-ers (everyone's a management consultant by mouth yet flaccid when it comes to quality of real work)
    - Siloed business units not communicating hence re-inventing the wheel is commonly found
    - Ponderous IT systems

    Advice to ManagementAdvice

    - Listen to the experienced who have proved their abilities
    - Reducing contractor rates by 10% will only cause attrition or demotivate. Look at other ways of reducing costs.
    - Allocate adequate funding to change initiatives (they will save you money in the long term!). Avoid countless meetings attempting to cut costs and trying to do things on the cheap purely because someone above has given you a target (finger in the air) to meet
    - Cut the dead weight plaguing the bank^

    ^ Note: This may improve lift times

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    A firm which might be great... in 10-15 years.

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

    I have been working at HSBC Holdings full-time (more than 10 years)

    Pros

    Opportunities to work abroad if mobile. Culture is strong. Job security.

    Cons

    Bureaucratic, slow moving, political. Lack of investment in training/development.

    Advice to ManagementAdvice

    Strip out the middle management who have worked in the bank for longer than 15 years. They are a huge impediment to effective change. Focus on quality and the customer - rather than being so internally focussed.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3.  

    Vice President

    • 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 10 years)

    Pros

    Good company focused on growth and employees

    Cons

    Need to pay as per performance

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

    HSBC- a good place to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Credit Risk Analyst in Bangalore (India)
    Current Employee - Credit Risk Analyst in Bangalore (India)

    I have been working at HSBC Holdings full-time (more than an year)

    Pros

    1. Work life balance
    2. Great learning opportunities compared to others in the industry
    3. Personal growth

    Cons

    1. Compensation on lower side in the industry
    2. Average Perks

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    All fine

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings

    Pros

    Good employer building at the time was a bit dark but they improved the interior a lot since I left

    Cons

    Good employer building at the time was a bit dark but they improved the interior a lot since I left

  7.  

    Laidback and chilled out culture

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

    I worked at HSBC Holdings full-time (more than 3 years)

    Pros

    Good work life balance
    Will get to know industry standard work
    Helpful culture
    Multiple training modules where you can learn interdisciplinary stuff

    Cons

    No innovation
    Very slow moving on ideas
    Bureaucratic
    Uninspiring senior management
    Salary will never be top notch ( which is kind of justified compared to relative work stress)

    Advice to ManagementAdvice

    Try reducing bureaucracy and try to add dynamism

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Good company to work for

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings as a contractor

    Pros

    Good company to work for

    Cons

    Good company to work for

  9.  

    Lots of experience potential

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

    I worked at HSBC Holdings

    Pros

    Global company with abundance or opportunities, treat senior executives well

    Cons

    Tons of layers of management to get things approved and done, salary is not very good for junior and middle management staff

    Advice to ManagementAdvice

    Streamline processes and more empowerment, help employees grow and develop their careers.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Contract

    Current Employee - Senior IT in New York, NY (US)
    Current Employee - Senior IT in New York, NY (US)

    I have been working at HSBC Holdings as a contractor

    Pros

    Work conditions good. Knowlegable people.

    Cons

    Not open. Not much sahring of information

  11.  

    Extremely stressful

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Relationship Manager in Athens (Greece)
    Former Employee - Personal Relationship Manager in Athens (Greece)

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

    Pros

    Employee benefits, company values, Charity work, challenging but they do not provide employees with the required tools to achieve targets set.

    Cons

    Mentality, unjustifiably unfair employee evaluations,inadequate training, no overtime pay, annual leave prioritised according to level. Major employee dissatisfaction level. Especially now in 2014.

    Doesn't Recommend
    Negative Outlook

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