HSBC Holdings

  www.hsbc.com
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HSBC Holdings Reviews

Updated Jul 18, 2014
All Employees Current Employees Only

3.3 942 reviews

78% Approve of the CEO

HSBC Holdings Chief Executive Stuart T. Gulliver

Stuart T. Gulliver

(271 ratings)

62% of employees recommend this company to a friend

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)

942 Employee Reviews
Relevance Date Rating
in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    HSBC

    Anonymous Employee (Former Employee)

    ProsHSBC provides a reasonably strong comp package, including sufficient holiday allowance to promote reasonable work life balance and have international opportunities.

    ConsThe company seems to support hierachy over meritocracy, and prefers to promote tenure over ability to avoid making difficult decisions.

    Advice to Senior ManagementAllow for more responsibility to be taken on by junior staff, and provide stronger training platform to allow them to handle it.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    A Place to Learn and Grow with Many Buts

    Anonymous Employee (Current Employee)

    ProsA good place to gather experiences from areas such as planning, estimation, resource destribution, project management althought not always in the positive scenarios but learning from "what not to do"s is also a good experience to have and carry on to future careers.

    The brand is sound and widely known and could act as a stepping stone to further one's career.

    ConsThe pay is not always the best. Be prepared to work long and odd hours.

    The management/business really need to know what directly they are heading to and clearly define a path for the rest of the team to follow.

    Advice to Senior ManagementNeed to keep the organization more flat to allow better communication rather than having multiple levels and refrain from constant restructuring

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    2 people found this helpful  

    Staty away if you are in IT

    Manager - IT (Current Employee) Vancouver, BC

    ProsIf you want to work for a behemoth organization and just be a face in the crowd then go for it. Before the financial crisis struck job security was fairly good, especially in IT where I worked so that could have been another reason lot of people, particularly in Vancouver, Canada remained stuck in their positions.

    ConsFrom an IT perspective, it's a career killer. The technology leadership team is incompetent and only acts as yes-men telling the CIO what he wants to listen. The Household team (includes the CIO) is in charge and they're trotting out the same dog and pony show before business year after year. IT is touted as a force for change but status quo reigns supreme and there's no clear understanding of what business benefits IT changes can bring. Bottomline, If you're looking for a dynamic, fast-paced, forward-looking career it IT, this ain't the place to work.

    Advice to Senior ManagementBusiness needs to seriously evauate why they keep on bankrolling IT to the tune of 6+ billions of dollars a year for systems that are obsolete, require armies of maintenance teams and in general, are too slow to respond to market changes.

    No, I would not recommend this company to a friend

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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    happy but concerned

    Account Manager (Current Employee) Vancouver, BC

    ProsIts big enough to offer security but retains a human dimension.

    ConsSalaries could be better. Also the Bank seems to be headed towards adopting a harder nosed policy towards personnel.

    Advice to Senior ManagementMove back to being a sound bank rather than a department store.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Decent place to start your career

    Anonymous Employee (Former Employee) Vancouver, BC

    Pros-Major international name
    -One of the few companies headquartered in Vancouver
    -Recognition of work life balance
    -Casual work environment
    -Decent place to start out a career, especially if you are thinking of working globally in the future. Depends on what department or group you work for however.

    Cons-Promotion seems to be based on seniority rather than performance
    -Underpay employees in relation to competitors
    -Highly bureaucratic, many levels of hierarchy
    -Still a minor player in Canada
    -Current emphasis on cost-cutting
    -Focus is always on costs, rather than a total cost-benefit analysis
    -Lack of company social activities
    -Lack of communication and tight-knit culture with fellow employees

    Advice to Senior Management-Increase compensation in order to retain star employees

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Great people but below-market salaries and poor leadership provide for an uncertain future.

    Business Relationship Manager (Current Employee) Vancouver, BC

    ProsGreat colleagues who take the time to train you and to assist you with your job duties. Very knowledgeable senior managers with strong background in the industry. Good number of vacation days. Potentially strong bonus/incentive system. Well respected company with a strong credit culture.

    ConsPoor leadership. Very manual processes. Slow career advancement. Below average base salary compensation. Cheap/frugal culture even for a bank. Pay-for-performance culture is unevenly applied with a tendency to reward mediocrity. While the organization is the largest global bank in the market, there are still very limited opportunities to work in another country within the Group, except at the highest levels.

    Advice to Senior ManagementFor your high-potential, strong performing employees you need to pay them closer to the market (base salary), provide them with advancement opportunities either within their current role or in another department in the company. Most importantly there has to be a real concerted push for improving the manual processes that prevent employees from effectively doing their jobs.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Merge Finance to the bank

    Anonymous Employee (Current Employee) Toronto, ON

    ProsIt's a way to get to working for HSBC (the bank). If you love to relocate or work anywhere in the world, this might be the place for you

    ConsFinance is a small branch of the bank and honestly it's not a good place to work. I've heard that on the other side working for HSBC Canada or US is great.

    Advice to Senior ManagementFollow processes when it comes to project development.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    HSBC- a good place to work for!

    Credit Risk Analyst (Current Employee) Bangalore (India)

    Pros1. Work life balance
    2. Great learning opportunities compared to others in the industry
    3. Personal growth

    Cons1. Compensation on lower side in the industry
    2. Average Perks

    Yes, I would recommend this company to a friend

     

    All fine

    Anonymous Employee (Current Employee)

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

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

     

    Good company to work for

    Anonymous Employee (Current Employee)

    ProsGood company to work for

    ConsGood company to work for

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