HSBC Holdings

www.hsbc.com
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HSBC Holdings Reviews

Updated March 5, 2015
Updated March 5, 2015
166 Reviews
2.0
166 Reviews
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HSBC Holdings Chief Executive Stuart T. Gulliver
Stuart T. Gulliver
166 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

166 Employee Reviews Back to all Reviews

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  1.  

    Once Upon a Time Awesome

    • 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

    Great work environment, lots of opportunity to advance.

    Cons

    Was ecompany, then came a shift management, which lead to a big layoff movement.

    Advice to ManagementAdvice

    I have no advice to contribute.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Merit is not rewarded

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

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

    Pros

    Used to have good employee stock repurchase plan
    Great New York City and London locations

    Cons

    Below industry salary
    Tries to offshore as much as possible; to the detriment of the firm
    Lacks development and career opportunities
    Salary/bonus is not connected to achievements

    Advice to ManagementAdvice

    Tie rewards to performance

    Doesn't Recommend
    Negative Outlook
  3. 4 people found this helpful  

    From the heights of the Household acquisition to the depths of DPA....

    • 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

    I won't mention the business unit, but I am a current U.S. employee. Benefits are average for a gargantuan entity; promotions are for the favored (like so many other companies); personal growth has been good, but not something necessarily attributable to this particular firm; plenty of vacation time...6 weeks + 10 holidays; work from home is embraced by corporate and loathed by much of management; performance reviews are provided but are worthless with personnel rankings predetermined by management; there are annual bonuses even for the lowly but range wildly within/across teams depending on budget and personalities; senior management changes and direction spin like a roulette wheel which provides ample opportunity for do overs; opportunity for travel exists as well as meeting interesting people; salaries are excellent compared to the general population and middling compared to other financial services firms. Yes, these are the pros compared to the cons.

    Cons

    Let me just state that the DPA of 2012 wasn't surprising given the far flung, year after year shenanigans at the bank; the feds velvet hammer triggered an internal shotgun response where a scalpel was/is needed. In the past my response to 'where do you work?' was met with 'what's that?' Later some would say 'oh I had my mortgage with HSBC' (not happily I should add)....now, I respond by just saying 'computers' and leave it at that. I can not hear the word 'mistake' again without screaming. Oh the shame. Btw, because I am employed in the U.S. (I won't relocate to to snows of Buffalo) I expect my position to be eliminated as the further building of 'low cost' engagements elsewhere further the institutional rot.

    Advice to ManagementAdvice

    My advice to management is, whatever. I'm so many rungs down the ladder I'm not standing on a rung or it's called something else...weekly (that's a joke friends). Firms this large aren't interested in what the common person considers advice or logic or common sense, even if it's framed in the context of the firm. But I'm not saying anything new am I? But I'd sure like to.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    13 Years Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Analyst in Chicago, IL
    Current Employee - Senior Analyst in Chicago, IL

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

    Pros

    Flexible time with work/life balance

    Cons

    No real outlook for the U.S; horrible Executive leadership;

    Advice to ManagementAdvice

    Just let everyone know what your real plan is and stop putting down former Household employees. Not our fault the company had issues - this comes from previous Executives. Give credit to those still wading in the muddy waters of past Company problems including those issues burdened by HSBC directly (money laundering)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Very bad culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Analyst in Salinas, CA
    Former Employee - Senior Analyst in Salinas, CA

    I worked at HSBC Holdings full-time (more than a year)

    Pros

    No pros for this company. Very low pay and management sucks

    Cons

    Work hours, attitude of management, salary

    Advice to ManagementAdvice

    Dont treat employees like slaves

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    Data Entry Temporary- CMB Remediation Team

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

    I have been working at HSBC Holdings as a contractor (less than a year)

    Pros

    Kept busy once the managers knew how to execute the project

    Cons

    A floundering institution, management had no idea how to reign everything in, project was new (anti-money laundering initiative)

    Advice to ManagementAdvice

    Get your stuff together

    Doesn't Recommend
    Negative Outlook
  8.  

    Cut throat finance industry

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

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

    Pros

    Great Benefits and Training Opportunities

    Cons

    Attitudes, lack of teamwork, caste system, bad culture

    Advice to ManagementAdvice

    Cultivate a better culture and the dynamics may change

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    Credit Department

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Analyst in Lewisville, TX
    Former Employee - Credit Analyst in Lewisville, TX

    I worked at HSBC Holdings full-time (more than a year)

    Pros

    Pay and Benefits were good

    Cons

    Management was mostly incompetent and disrespectful of many staff members

    Advice to ManagementAdvice

    Listen to the suggestions of your most talented staff and implement changes to better.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Was once a good place to work

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

    I have been working at HSBC Holdings full-time

    Pros

    Nice building, decent pay, good benefits. Morale used to be better before the market crash.

    Cons

    North American business is quickly shrinking with no clear focus. All business in Illinois has been sold or is in run-off so there is no future beyond the time it takes to wrap up business. Too many layers of management. Everyone is being squeezed to do work since mandatory layoffs.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Review

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

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

    Pros

    Benefits, friendly employees, ability to work from home, global company, good time off program

    Cons

    Limited growth in HR, the company is reducing in the US, almost every employee does the job of 2 or 3 people, heavy work load, benefits package contains to shrink every year.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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