HSBC Holdings
3.3 of 5 897 reviews
www.hsbc.com London, United Kingdom 5000+ Employees

HSBC Holdings Reviews

Updated Apr 9, 2014
All Employees Current Employees Only

3.3 897 reviews

                             

77% Approve of the CEO

HSBC Holdings Chief Executive Stuart T. Gulliver

Stuart T. Gulliver

(253 ratings)

62% of employees recommend this company to a friend
897 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "The organizations offers decently fair work life balance and job security"
    in 106 reviews
  • "You get lots of paid vacation and you can work from home"
    in 22 reviews
Cons:
  • "Constant change; Limited work-life balance"
    in 31 reviews
  • "Too many changes in senior management which results in the bank going in different directions to often"
    in 43 reviews
  • Show more review highlights

Reviews

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  • No Opinion of CEO

 

pay for performance company

Senior Account Executive (Former Employee)
Raleigh, NC

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

Prossalary plus commission, excellent benefits, lead sources.

Conshigh stress, snooze you lose sales.

Advice to Senior Managementcommunicate more.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Great company to work for, but so big that growth can be hindered

Manager (Current Employee)
Buffalo, NY

I have been working at HSBC Holdings full-time for more than 3 years

ProsFantastic managers, great resources to better yourself if you are willing to take it upon yourself to do so, all the changes going on within the organization currently are actually steps in the right direction.

ConsAdvancement opportunities at times seem a bit political, tons of changes which can be challenging for some people, pay is good but just average for the industry, raises and bonuses have also been average.

Advice to Senior ManagementMy experience with the management has been the positive side of my employment. They have been great. Very supportive and empowering. Being such a large company, it can be very difficult at times to make any changes that really improve things....just a challenge with being a global bank. Only thing I can think of that I really disapprove of is the rating system which forces managers to fit their direct reports into a 20/70/10 ratio where 20% are top performers, 70% are average, and 10% are rated as below. It is an outdated system that is not actually supported by the most recent studies regarding performance management. I do know that this has been raised as an item from many of our Senior Managers - it just takes so long for things to change.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Good place

Senior Accountant (Former Employee)
Mettawa, IL

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

ProsVery diversified, you'll meet people from all over the world.
Committed to employee career advancement. Opportunities for promotions and growth.
Good learning experience.
Looks good on resume due to international presence.

ConsI worked in US headquarters, and the pay was less than in US Banks for similar positions.
This is the only US Bank that doesn't observe US banking holidays (or British, for that matter)
Can require lots of overtime during deadline peaks, but management grants decent comp time in lieu.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Consistent and progressive experience

Anonymous Employee (Current Employee)

I have been working at HSBC Holdings

ProsFlexible work options; strong benefits; great people

ConsConstant change; Limited work-life balance

Yes, I would recommend this company to a friend

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Account Executive

Account Executive (Former Employee)
Kansas City, KS

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

ProsExcellent training program for people just entering the mortgage industry. Many opportunities for increasing income, good leads and some flexibility with hours. Very into giving back to the community. Super fun sales contests.

ConsWorking late. Other sales people view you as someone who will take money from them. They begrudgingly help and aren't really helpful. Branch manager's are promoted because of their sales numbers, not because they have management experience or know how to motivate and train. My branch manager was cussed out by two employees and a third quit citing her micro-managerial style as the reason.

Advice to Senior ManagementHire managers that have management experience every time. An untrained manger can ruin a branch.

Yes, I would recommend this company to a friend

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Great work experience with very competitive pay and company is well structured.

Credit Officer (Current Employee)
San Diego, CA

I have been working at HSBC Holdings full-time for more than 5 years

ProsHigh salaries and knowledgeable management.

Consjob stability is a little shaky.

Yes, I would recommend this company to a friend

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Great place to work

Anonymous Employee (Current Employee)

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

ProsThe company culture is very family oriented with minimal micromanagement.

ConsSome aspects of the job are more complicated then they need to be.

Advice to Senior ManagementSimply reporting processes.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Credit Department

Credit Analyst (Former Employee)
Lewisville, TX

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

ProsPay and Benefits were good

ConsManagement was mostly incompetent and disrespectful of many staff members

Advice to Senior ManagementListen to the suggestions of your most talented staff and implement changes to better.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Was once a good place to work

Anonymous Employee (Current Employee)
Mettawa, IL

I have been working at HSBC Holdings full-time

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

ConsNorth 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.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Fast Paced Money was great until the end...

Mortgage Broker (Current Employee)
Carmel, IN

I have been working at HSBC Holdings full-time for more than 3 years

ProsIn the beginning the money was up for grabs. Positions were being filled at record pace. Everyone was friendly and excited to come to work. Worked well helping with life balance at times if you were interested in another dept lateral movement was commonplace.

ConsPerformance based employment unfortunately many people were let go that were often top performers that were just in a slump. When the market changed attitudes went with it. Managers wouldn't listen to employee ideas. eventually they started stealing them for job security. if need be HSBC will close entire facilities to protect the bottom dollar.

Yes, I would recommend this company to a friend

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