HSBC Holdings Reviews

Updated July 21, 2015
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HSBC Holdings Chief Executive Stuart T. Gulliver
Stuart T. Gulliver
36 Ratings

Pros
  • Flexible time with work/life balance (in 117 reviews)

  • flexible working, able to work from home once if not twice a week (in 25 reviews)

Cons
  • No work/life balance in phone positions (in 37 reviews)

  • senior management don't seem to care too much about those who actually do the work (in 50 reviews)

More Pros and Cons

503 Employee Reviews

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  1. Helpful (1)

    Leadership Program Trainee

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

    I worked at HSBC Holdings full-time

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Very good work life balance. Easy access to upper management. Lots of opportunities for internal career advancement.

    Cons

    Culture is too politicized. Many colleagues spend more time campaigning for their own careers than they do being productive.

    Advice to Management

    Upgrade internal systems and do more to promote a meritocracy. Employees will be happier when their hard work speaks for itself.


  2. good place for learners

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

    I have been working at HSBC Holdings

    Pros

    Learning opportunities, good culture

    Cons

    Its very hard to say about the cons of coy


  3. HSBC idntity crisis

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

    I have been working at HSBC Holdings

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    International banking capability for those that need it, credit products catered to NRA clients, great bank for Chinese clients

    Cons

    Wants to compete in Wealth management banking arena, yet trying to acquire mass market clients-unrealistic sales goals, "bad" habits are overlooked as long as sales goals are met.

    Advice to Management

    Pay close attention to what's going on at the branch level.....lots of games and "creative sales" are going on to meet unrealistic goals.


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  5. Helpful (2)

    AML Quality Assurance Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Quality Assurance AML Analyst in New York, NY
    Current Employee - Quality Assurance AML Analyst in New York, NY

    I have been working at HSBC Holdings full-time (More than a year)

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Able to work from home remotely. 401K is mactched up to four percent. Vanguard is the best 401K vendor there is and HSBC deserves credit for utilizing them for this service.

    Cons

    Below market pay. Management has allowed downsizing by a kind of organic attrition. Due to the bank's scandals HSBC does not want their fingerprints on any actual downsizing in AML compliance. They also do not want to pay any unemployment and severance packages. However, HSBC is more than content to keep salaries low as employees leave on their own. Another negative is there is a global standards assessment all employees must now take and pass with an 80% grade to impress regulators and integrity monitor. This assessment is to be taken on an annual basis. Unfortunately, the wording of the test is flawed. It's a multiple choice/true false subjective test that his resulted in massive failures. These "global standards" often contradict the procedures employees are given by their line managers resulting in massive chaos. In many respects this bank does not know what its doing. HSBC claims they have a "culture of transformation" to correct the mistakes of the past. That was true under CEO Irene Donner. Under current CEO Stuart Gulliver HSBC is now a culture of toxic restoration.

    Advice to Management

    All of senior management deserves to be fired. There are non disclosures not receiving any quality assurance due to lack of communication between New York and Delaware. Hard to give advice to management when the only solution is for management to be fired.


  6. Not very productive experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Software Development Intern in New York, NY
    Current Intern - Software Development Intern in New York, NY

    I have been working at HSBC Holdings as an intern (Less than a year)

    Pros

    gist of corporate finance world

    Cons

    Culture not so good. no work life balance

    Advice to Management

    Please try being little easy on your team mates


  7. Horrible

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

    I worked at HSBC Holdings

    Pros

    Good salary early work days

    Cons

    Extreme pressure for sales numbers to be complete no matter what

    Advice to Management

    Work on relationships not numbers


  8. Some useful learning. Overall, waste of my time.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at HSBC Holdings full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Good people if you work for the right team!

    Cons

    Underpay, poor systems, career growth is slow, little appreciation of human capital


  9. Private Bank - back office

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at HSBC Holdings

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Good allocation of days, 20 to start off and can allocate them in which ever way you want whether it be sick day or PTO. Good balance, come in on time, leave on time as long as you get your work done. Average benefits, Average pay unless outside of privte bank. Simple and easy Trade compliance system for day traders. Would recommend to others BUT not in private bank sector.

    Cons

    Dated tech, IBM mainframe (black screen, green text) Close knitted group consisting of spanish speakers. 90% team leads / managers are women. lack of tech savvy people. Build your relationships with selected few to get things done in smoother fashion. Lack of team player qualities for those who have been years ago. Tend to drill you down on small errors rather than the big picture.


  10. Helpful (1)

    How Simple Becomes Complicated

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

    I have been working at HSBC Holdings

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    They offer flexibility with schedule

    Cons

    Managers are trained to micromanage and find smallest thing to make it a big deal.


  11. Helpful (1)

    Learned more on what not to do. Employees who have left are generally more satisfied.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Former Employee in Mettawa, IL
    Former Employee - Former Employee in Mettawa, IL

    I worked at HSBC Holdings

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

    Pros

    Work from home flexibility and generous vacation. These benefits seem to keep the employees from leaving.

    Cons

    Cultural transformation has been a joke. The change needs to come from the top. Employees are still afraid to speak up and are concerned about saving themselves more than anything.

    Advice to Management

    Accountability comes from the top.



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