There are newer employer reviews for HSBC Holdings
There are newer employer reviews for HSBC Holdings

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HSBC is a Great Place to Work

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Vice President in New York, NY
Current Employee - Vice President in New York, NY
Recommends
Approves of CEO

Pros

HSBC is committed to work life balance, actively promoting work-from-home opportunities, encouraging employees to take care of personal issues whenever necessary and allowing time-off and ad-hoc working environments to accommodate all situations. The benefits are excellent, with HSBC paying a very high proportion of medical and dental and matching 401k contributions at a level higher than most.

Cons

Pay is not what it is at Investment Banks. Facilities are less than top-notch. The lower level worker talent is not at the level one might expect at a large bank.

Advice to Management

Upgrade your facilities in New York.

Other Employee Reviews for HSBC Holdings

  1. Helpful (3)

    "Your future with HSBC is [not in the US]" -- CEO, HSBC North America, May 2009 -- It shows in the over 12000 jobs cut

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Mettawa, IL
    Current Employee - Manager in Mettawa, IL
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Mettawa facility is very nice--gym, great cafeteria, open work space plan. Benefits package is satisfactory. Salaries for managers and below will be in the medium range of the market. If you are internationally mobile, many opportunities exist.

    Cons

    "Grade on the curve" performance evaluation system (you're ranked and get a bonus or not/keep your job or not/) against your peers, HSBC exiting businesses in US. CEO has moved from London to Hong Kong. Mediocre benefits and mid-range salaries. Commute to Mettawa is horrible from anyplace in Chicago. Exceptionally political environment-- unfairness in promotions an ongoing company-wide issue with employees. Workload is onerous due to under staffing. Training is online and most trainers have been let go, as have most employee communications people.

    Advice to Management

    Start treating people as profit generators instead of cost centers.


  2. Helpful (1)

    Java application architect/developer

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Consultant in Mettawa, IL
    Current Employee - Senior Consultant in Mettawa, IL
    Recommends
    Approves of CEO

    Pros

    Ability to work from home / remotely. International travel. Training. Work-life balance.

    Cons

    Technology is a little dated. The migration to IBM WebSphere portal is more of a road block to application development than it is a tool.

    Advice to Management

    Management needs to be open to new technologies, and not be stuck with the limited offerings of vendors such as IBM as they only hold back creativity.


There are newer employer reviews for HSBC Holdings
There are newer employer reviews for HSBC Holdings

See Most Recent

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