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Helpful (1)

Some candid feedback on middle market banking

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

I have been working at HSBC Holdings

Recommends
No opinion of CEO
Recommends
No opinion of CEO

Pros

Growth of company creates opportunities. Seems to value results but does not seem to like dissent.

Cons

Very conservative credit culture. Senior management needs to have a better grip on the "nuts and bolts" of how the operation is run and how to improve it as there is much room for improvement.

Advice to Management

For senior management of middle market baking - stop being so heavy handed and inflexible. Although they are clearly smart people, they need to get a better feel for middle market lending, the people that work for them, the customers, and credit (our #1 product). It is very clear that they have little actual experience in the US middle market. Also - need to stop forcing corporate initiatives (the brand, one bank, etc.) that may not be applicable in each segment of the business.

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  1. Helpful (1)

    Short-sighted

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President - Manager in San Diego, CA
    Current Employee - Assistant Vice President - Manager in San Diego, CA

    I have been working at HSBC Holdings

    Approves of CEO
    Approves of CEO

    Pros

    Opportunity to work with great people.

    Cons

    Ruthless senior management team. Highly pragmatic and short sighted. Unwilling to see past the current economic cycle in the U.S.

    Advice to Management

    Be courageous and work to and see past the next quarter. Your strategies are highly Machiavellian and foster mistrust among your employees.


  2. Helpful (1)

    Good company to work for, just have to learn how to play the game

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technical Officer in Buffalo, NY
    Current Employee - Technical Officer in Buffalo, NY

    I have been working at HSBC Holdings

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    The company's global scale does allow for many opportunities. The company is also very generous with its benefits packages, providing options that most private employers shun. In terms of compensation, the salary ranges can vary widely - it all depends on the location where you're working. Of course, there is an emphasis on experience when it comes to salary, but corporate culture is very hush hush about pay rates.

    Cons

    There are some decisions that come down from the top that just make you shake your head. The company is global that the 'Chiefs' speak, but it really doesn't do anything because executive and middle management has no interest in changing what they're doing, for fear of losing their own job. Also, the company is continually looking to offshore jobs in the US to Sri Lanka, China and India. This hurts morale in the US and creates tension between the locations as the job ethos in the US is different than in Sri Lanka, China and India. The bank's culture is also very secluded. You don't say one thing to one manager because it might upset him/her and come back to your manager - you can't just do your job, you always have to play the politics game.

    Advice to Management

    While it's understandable that senior management has to worry about the company as a whole, it might be time to start looking at the little people. Of course, with 300k employees that would be an almost impossible task - the Global People Survey is a good start, but many wonder if it actually does anything. Instead of breeding a culture where communication has to go through 'proper channels' at all times, senior management should be looking at fostering open communication from all levels of the company.


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

See Most Recent

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