HSBC Holdings

  www.hsbc.com
  www.hsbc.com

HSBC Holdings Reviews

Updated December 13, 2014
Updated December 13, 2014
991 Reviews
3.4
991 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
HSBC Holdings Chief Executive Stuart T. Gulliver
Stuart T. Gulliver
289 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

333 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good company to work for. Has good benefits.

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

    I worked at HSBC Holdings full-time (more than 10 years)

    Pros

    Company provides good benefits package and I was fortunate to have very professional people to work with.

    Cons

    Company, before I left, changed it's work-life balance philosophy by changing everyone's job duties to include the word "support". This entitled the company to have everyone on a 24-7 call.

    Advice to ManagementAdvice

    Return to previous work life balance program where employees were able to have an outside life.

    Recommends
    Neutral Outlook
  2. 1 person found this helpful  

    operations rep

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings

    Pros

    HSBC is a friendly place to work with good caring people. They offer adequate training to do the job assigned to you. There is also pleanty of oppourtunity for growth and they encourage advancing your career.

    Cons

    There is too many levels of management to go through to get something done. It would be alot easier to get things done if they downsized the management. The technology is also very out of date and needs to be updated.

    Advice to ManagementAdvice

    Downsize management

  3.  

    Conservative and well managed for stockholders, employee experience is very individual by department and manager.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President Project MAnager in Buffalo, NY
    Former Employee - Assistant Vice President Project MAnager in Buffalo, NY

    I worked at HSBC Holdings full-time (more than 8 years)

    Pros

    Work from Home policy, one of the top employers in Buffalo, excellent colleagues and first line managers, benefit package options are configurable to employee needs, opportunities for learning new things and solid project management processes. There are well thought out project processes and management reporting where there is compliance. Farsighted business planning. Response to the US Compliance environment has been stellar. The divestiture of major brick and mortar was a first in class execution.

    Cons

    Some strategies for employee resourcing and organizational change has been better on paper than in execution. There is strong management commitment but the actions have been less successful in execution.
    As in other organizations, management set deadlines which are unrealistic given resources and other constraints. Handling of bonus pay is not transparent and while it suppose to be an incentive it is an exercise in frustration.

    Advice to ManagementAdvice

    High attrition of the best people is due to salary. We have lost some very good people which some have returned so in the employee engagement there needs to be more effort to share how HSBC really compares to its competitors in regional employment markets for total compensation packages and opportunities. Returning employee interviews would be helpful as to understanding why they returned.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    The company has been considered as the educational institution for financial experts

    • 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

    well organized training program, friendly working environment, job security

    Cons

    low paid salary, bad incentive scheme

    Recommends
    Positive Outlook
  6.  

    Lots of potential if you're globally mobile

    • 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

    There are some great benefits including generous 401k match and HSBC contributions to dependent care flexible spending account. If you are open to global opportunities, they are abundant - although most are offered "local terms" these days instead of a cush relo secondment. Depending on your function, there is a good chance you'll be able to work from home at least a couple days a week; there are also some 100% remote workers. HSBC also cultivates considerable diversity (including but not limited to racial and gender diversity), at least at the entry and middle levels. The top echelon continues to be male and white however.

    Cons

    There are limited opportunities in the US since most businesses were sold (Cards) or are being run down (Consumer & Mortgage Lending). There has been major instability over the last few years with site closures, sales, outsourcing of certain functions, etc.

    Advice to ManagementAdvice

    Keep up the work/life balance policies. Hire diverse candidates for senior positions.

    Recommends
    Neutral Outlook
  7.  

    Good Company

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

    I worked at HSBC Holdings full-time (more than 10 years)

    Pros

    Pay for performance, good balance between family and work life

    Cons

    Sub Prime loans-economy downfall froze increases and bonuses

    Advice to ManagementAdvice

    none

    Recommends
    Negative Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Working at HSBC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service in Newark, DE
    Former Employee - Customer Service in Newark, DE

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

    Pros

    Fast pace.
    I was given the tools to get the job done.
    Co-workers.

    Cons

    Relationships were short term.
    Always felt insecure about long term employment.
    Management were always relocating.

    Advice to ManagementAdvice

    Open doors for career growth thru the ranks. There were strong internal candidates for jobs, always seemed someone from somewhere else was promoted to our site.

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

    great company to work for in the long run

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

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

    Pros

    everything about the company was great

    Cons

    none that I can think of at the moment

    Advice to ManagementAdvice

    well done you should be proud

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Wholesale AE

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

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

    Pros

    Great benefits, great people to work with, overall great experience.

    Cons

    Wish they had more of a foot print in the west coast. Lost job due to division being closed, and there were no other opportunities to transfer too. I would have love to stay with the company.

    Advice to ManagementAdvice

    None... Love the management.

    Recommends
    Approves of CEO
  11.  

    Great Company

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

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

    Pros

    Great working experience. Good work life balance

    Cons

    No Cons as such very good company for long turm relationship

    Recommends
    Positive Outlook
    Approves of CEO

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