HSBC Holdings Reviews

Updated July 5, 2015
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3,064 Employee Reviews

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  1. Helpful (1)

    Lost in U.S. Market

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings

    Pros

    Global respected brand in the marketplace

    Cons

    No defined strategy in U.S. Can't compete with big U.S. shops despite ambitions


  2. Branch Sales Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Branch Sales Manager in Tampa, FL
    Former Employee - Branch Sales Manager in Tampa, FL

    I worked at HSBC Holdings full-time (More than 5 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Worked hard. Made lots of money. Worked lots of hours. Made lifetime friends.

    Cons

    Cold calls, long hours, and learned management can make or break a team.


  3. Helpful (2)

    Good luck. You will need it.

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

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Constantly busy due to limited staffing.

    Cons

    No training budget, no travel budget, random changes in review policy, lack of communication from immediate managers to staff.

    Advice to Management

    IT Directors and their immediate subordinates seem genuinely interested in making things work. Middle to lower level managers, people who have survived there through the pogroms of the last 10 years, come across as jaded, grasping and incompetent empire builders who are single focused on saving their own skins at the expense of the people who actually do the work. The disconnect is shameful.


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  5. Vendor Risk Management

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at HSBC Holdings

    Pros

    Good Pay and benefits. Tele-commuting is encouraged

    Cons

    Training could better and more complete


  6. Great Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Boston, MA
    Former Employee - Assistant Vice President in Boston, MA

    I worked at HSBC Holdings full-time (More than 5 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    The salary and hours are at the higher end of the industry. Support from higher ups is great although a lot of pressure to hit the numbers no matter what last month was like.

    Cons

    Constant pressure to hit the numbers. Challenges with unethical practices in part of the bank have made it more difficult to make deals.

    Advice to Management

    The company is a strong one with a long storied history. Don't besmirch the name by participating in clearly unethical practices.


  7. Helpful (1)

    Poor system and micro management

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

    I worked at HSBC Holdings full-time (More than 5 years)

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

    Pros

    great learning experience. Great L&D 5 years ago. Great co-workers

    Cons

    Bank System is DOS. Budget cuts and poor reputation due to AML news. Lots of Branch closing in the last 3 years. Lack of funding for US retail bank.

    Advice to Management

    Fix your reputation and upgrade your bank system. Hsbc has been using the same DOS system for atleast 20 years. Time to upgrade and get to the 21 century. Fix your mobile app. It's rated 1 star for a reason.


  8. Relationship Manager

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

    I have been working at HSBC Holdings

    Pros

    good collaborative environment and helpful co-works

    Cons

    drastic upper management changes. became very bureaucratic since


  9. Department head

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Head Global Software Delivery Function in New York, NY
    Former Employee - Head Global Software Delivery Function in New York, NY

    I worked at HSBC Holdings

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

    Pros

    Broad global outlook and experience possible. Has deep history and roots in most countries around the world. Strong financials and deep pockets.

    Cons

    Slow to change. Has changed in its culture in the past 3 years where transparency is not around in decision making quite often.

    Advice to Management

    Try and rebuild the 'world's local bank' brand. Selling off large interests in USA is not a sound idea howsoever they may want just high profit corporate, commercial and premier customers.


  10. Private Bank

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

    I worked at HSBC Holdings full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The managing director with the Private Bank is fair and builds great relationships across the board for his team.
    The relationship managers on the team are cordial and works good together.

    Cons

    Resources are mostly located on the East Coast. Small operations of only 2 service team members to support 5 RMs.


  11. Manager

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Security. Pop for advancement

    Cons

    Long hours. Downloading of ridiculous minutia



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