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 117 reviews)

  • Work from home is always a plus, but you can't always do so (in 25 reviews)


Cons
  • Terrible work life balance for a great deal of the employees (in 37 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 experience

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

    I worked at HSBC Holdings as an intern (less than an year)

    Pros

    Good culture, nice people, good work/life balance on the whole, Meaningful work, Reasonable compensation for work done

    Cons

    Work was not really challenging and career prospects were not the best in the very long-run, as well as in terms of exit opportunities

    Advice to ManagementAdvice

    Keep up the good work; increase in size in terms of assets under custody to attract talent

    Recommends
    Approves of CEO
  2.  

    Busy and demanding environment but very interesting and full of opportunities

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

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

    Pros

    Great working hours, holidays, internal culture and many career opportunities

    Cons

    Very low salary for amount or responsibility and work in the branches

    Advice to ManagementAdvice

    Pay people more and more people will stay in the company without the need to look for something that is better paid

    Recommends
    Positive Outlook
    Approves of CEO
  3. 2 people found this helpful  

    The politics get in the way of work

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

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

    Pros

    Great place to work. Some committed colleagues who will genuinely try to help.

    Cons

    Politics get in the way of delivery. Some seriously overworked and disgruntled people around. Some questionable career promotions based on who-you-know rather than merit. What corporate culture!?

    Advice to ManagementAdvice

    Do something to discourage politics. Politics are suffocating project delivery and by consequence bank performance.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 1 person found this helpful  

    My best and my worst manager ever in one company

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

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

    Pros

    Some managers are awesome and will do their best for their employees but they are few and far between.
    Opportunity for employment across the UK and globally.
    Plenty of development opportunities - if you're able to get the time out of the office to go on the course.

    Cons

    Some managers force out employees they don't personally like (5 since January where I am now)
    Communication is awful
    Compensation is probably the worst of any high street bank. They allegedly base it on the average across the high street.
    Individual teams are so worried about their own little fiefdom and "beating" other teams that they might as well have stuck with incentivised selling.
    Good employees lose out to employees who interview well but don't have the skills to back up the interview. No promotion based on merit either - which means no promotion essentially unless you don't realise that a branch/department is bad and apply there and no-one else has.
    Manager will rate you badly because they have lost your employee file. (Seriously. I thought the manager at a previous employer who was trying to get me to help him commit industrial espionage was bad but then I moved branches with you guys and my current manager is worse. At least the other guy could communicate openly and accurately, even if it wasn't always above board.)

    Advice to ManagementAdvice

    Sort out the pay scales and become a meritocracy.
    Allow people to be promoted rather than forcing everyone to apply for jobs, even if they are in their own branch
    Quality control your branch managers and area managers regularly. There is too much variation in allegedly homogenised standards.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Premier Relationship Manager - HSBC UK GCB5

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

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

    Pros

    very good company to work

    Cons

    training period and interview process is very tedious

    Advice to ManagementAdvice

    please simplify interview process

    Recommends
    Positive Outlook
  7. 1 person found this helpful  

    Good at attracting talent, not so good at retaining

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

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

    Pros

    Global company with an excellent brand and the recognition that goes with it. Ambitious in strategy and well positioned in emerging markets.Huge network and potential to leverage this network with clients.

    Cons

    Not very good at retaining talent as they just don't pay. Mediocrity is in the air and it is hard to differentiate yourself given the lack of reward and incentive culture. They call HSBC the civil service of the banking world.

    The only people I saw rewarded were those who played the political game or threatened to leave the company.

    Loyalty was not rewarded and nor hard work. HSBC is not a meritocracy.

    Advice to ManagementAdvice

    Don't over promise on the graduate schemes. Assign a mentor to the juniors and ensure they are rewarded and motivated for their loyalty to the firm. Pay a market rate for talented future high calibre employees. Promote from within.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Good people, outdated systems, bureaucratic environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate, Global Markets in New York, NY (US)
    Current Employee - Associate, Global Markets in New York, NY (US)

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

    Pros

    Low ego environment, meritocratic, global network

    Cons

    Outdated systems, Lower pay than street

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Decent pay, but chaotic

    • 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

    Pros

    Good start pay for this field

    Cons

    No work/life balance in phone positions

    Advice to ManagementAdvice

    Need to promote people with experience, instead of friends/ significant others

    No opinion of CEO
  10.  

    Stable company with stable job

    • 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

    It would be a MNC environment, job is completely stable. We can plan our next 30 yes happily as the job is completely secure and it has happy to work environment.

    Cons

    Challenge is growth, it is very slow. There are people with 10 yrs exp but they are at the same level without any growth. Salary will be growing till a limit after that salary growth will.also be minimal.

    Advice to ManagementAdvice

    STA's should be available for level 8 s also. Growth should be there and employee skill development initiatives should be taken ASAP.

  11.  

    One of the best employer

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

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

    Pros

    work life balance, employee friendly.

    Cons

    salary structure should be reviwed. specilly in Kolkata HSS - COE.

    Advice to ManagementAdvice

    salary structure in Kolkata HSS should be more in all level as per market standard.

    Recommends
    Approves of CEO

Work at HSBC Holdings? Share Your Experiences

HSBC Holdings

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.