HSBC Holdings Reviews

Updated September 2, 2015
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HSBC Holdings Chief Executive Stuart T. Gulliver
Stuart T. Gulliver
41 Ratings

Pros
  • Flexible time with work/life balance (in 117 reviews)

  • flexible working, able to work from home once if not twice a week (in 25 reviews)

Cons
  • No work/life balance in phone positions (in 37 reviews)

  • senior management don't seem to care too much about those who actually do the work (in 50 reviews)

More Pros and Cons

517 Employee Reviews

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  1. investment banking

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    nice people. good work life balance, next to bryant park

    Cons

    dying culture, below average pay

    Advice to Management

    figure out what you really want


  2. AVP-Trader

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    7am-530ishpm job which isn't too bad

    Cons

    They wheel and deal you and promise the "next bonus" is the best one...no..it's not. Too many senior level employees and no care for the junior guys and retaining young talent.


  3. Good Company to Work For

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

    Pros

    Great benefit package and work environment.

    Cons

    Sometimes, too much micro-management causing delays to accomplishment tasks.


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  5. Customer Service

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at HSBC Holdings full-time

    Pros

    The pay was pretty decent.

    Cons

    Everything else was horrible, treats employees like mules.


  6. Helpful (1)

    Leadership Program Trainee

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at HSBC Holdings full-time

    Pros

    Very good work life balance. Easy access to upper management. Lots of opportunities for internal career advancement.

    Cons

    Culture is too politicized. Many colleagues spend more time campaigning for their own careers than they do being productive.

    Advice to Management

    Upgrade internal systems and do more to promote a meritocracy. Employees will be happier when their hard work speaks for itself.


  7. good place for learners

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

    Pros

    Learning opportunities, good culture

    Cons

    Its very hard to say about the cons of coy


  8. HSBC idntity crisis

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager
    Current Employee - Manager
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    International banking capability for those that need it, credit products catered to NRA clients, great bank for Chinese clients

    Cons

    Wants to compete in Wealth management banking arena, yet trying to acquire mass market clients-unrealistic sales goals, "bad" habits are overlooked as long as sales goals are met.

    Advice to Management

    Pay close attention to what's going on at the branch level.....lots of games and "creative sales" are going on to meet unrealistic goals.


  9. Helpful (3)

    AML Quality Assurance Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Quality Assurance AML Analyst in New York, NY
    Current Employee - Quality Assurance AML Analyst in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    I have been working at HSBC Holdings full-time (More than a year)

    Pros

    Able to work from home remotely. 401K is mactched up to four percent. Vanguard is the best 401K vendor there is and HSBC deserves credit for utilizing them for this service.

    Cons

    Below market pay. Management has allowed downsizing by a kind of organic attrition. Due to the bank's scandals HSBC does not want their fingerprints on any actual downsizing in AML compliance. They also do not want to pay any unemployment and severance packages. However, HSBC is more than content to keep salaries low as employees leave on their own. Another negative is there is a global standards assessment all employees must now take and pass with an 80% grade to impress regulators and integrity monitor. This assessment is to be taken on an annual basis. Unfortunately, the wording of the test is flawed. It's a multiple choice/true false subjective test that his resulted in massive failures. These "global standards" often contradict the procedures employees are given by their line managers resulting in massive chaos. In many respects this bank does not know what its doing. HSBC claims they have a "culture of transformation" to correct the mistakes of the past. That was true under CEO Irene Donner. Under current CEO Stuart Gulliver HSBC is now a culture of toxic restoration.

    Advice to Management

    All of senior management deserves to be fired. There are non disclosures not receiving any quality assurance due to lack of communication between New York and Delaware. Hard to give advice to management when the only solution is for management to be fired.


  10. Not very productive experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Software Development Intern in New York, NY
    Current Intern - Software Development Intern in New York, NY

    I have been working at HSBC Holdings as an intern (Less than a year)

    Pros

    gist of corporate finance world

    Cons

    Culture not so good. no work life balance

    Advice to Management

    Please try being little easy on your team mates


  11. Horrible

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

    Pros

    Good salary early work days

    Cons

    Extreme pressure for sales numbers to be complete no matter what

    Advice to Management

    Work on relationships not numbers



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