HSBC Holdings Reviews

Updated 29 October, 2014
Updated 29 October, 2014
978 Reviews
3.4
978 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.  

    HSBC

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

    I worked at HSBC Holdings

    Pros

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

    Cons

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

    Advice to ManagementAdvice

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

    Approves of CEO
  2. 1 person found this helpful  

    A Place to Learn and Grow with Many Buts

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

    I have been working at HSBC Holdings

    Pros

    A 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.

    Cons

    The 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 ManagementAdvice

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

    Doesn't Recommend
    No opinion of CEO
  3. 2 people found this helpful  

    Staty away if you are in IT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Manager - IT in Vancouver, BC
    Current Employee - Manager - IT in Vancouver, BC

    I have been working at HSBC Holdings

    Pros

    If 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.

    Cons

    From 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 ManagementAdvice

    Business 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.

    Doesn't Recommend
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    happy but concerned

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Account Manager in Vancouver, BC
    Current Employee - Account Manager in Vancouver, BC

    I have been working at HSBC Holdings

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Move back to being a sound bank rather than a department store.

    Recommends
  6.  

    Decent place to start your career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Vancouver, BC
    Former Employee - Anonymous Employee in Vancouver, BC

    I worked at HSBC Holdings

    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 ManagementAdvice

    -Increase compensation in order to retain star employees

    Doesn't Recommend
    No opinion of CEO
  7. 2 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Business Relationship Manager in Vancouver, BC
    Current Employee - Business Relationship Manager in Vancouver, BC

    I have been working at HSBC Holdings

    Pros

    Great 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.

    Cons

    Poor 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 ManagementAdvice

    For 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.

    Approves of CEO
  8.  

    Merge Finance to the bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Toronto, ON
    Current Employee - Anonymous Employee in Toronto, ON

    I have been working at HSBC Holdings

    Pros

    It'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

    Cons

    Finance 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 ManagementAdvice

    Follow processes when it comes to project development.

    Doesn't Recommend
  9.  

    Most important professional opportunity

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings

    Pros

    Meritocratic and give emphasis to delivery

    Cons

    Too many politics and bureaucracy

  10.  

    Decent employer that will recognise effort.

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

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

    Pros

    Will strongly encourage staff to develop their skills but it is up to the staff to make the running. Little evidence of them and us culture between staff and management. Good career opportunities on a global basis. Good HQ location.

    Cons

    Bureaucracy, especially that created by a self serving HR dept getting the business to do their work. Who you know is as important as what you know.

    Advice to ManagementAdvice

    Rein in the HR dept and stop them lumbering the business with work.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Decent place to work on Wall St.

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

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

    Pros

    Good compensation
    Mobility inside the group
    Footprint in Latin America

    Cons

    Some groups are too territorial
    Bureaucratic
    Ability to hire high caliber people is not the best

    Advice to ManagementAdvice

    Keep investing in the markets business to compete with the likes of Citi/JPM

    Recommends
    Positive Outlook
    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.