3.0
Sep 29, 2014
Former employee, more than 5 years
London, England
Recommend
CEO approval
Business Outlook
Pros
Global company with an excellent brand and the recognition that goes with it. Ambitious in strategy and well positioned in emerging markets.Huge network and potential to leverage this network with clients.
Cons
Not very good at retaining talent as they just don't pay. Mediocrity is in the air and it is hard to differentiate yourself given the lack of reward and incentive culture. They call HSBC the civil service of the banking world. The only people I saw rewarded were those who played the political game or threatened to leave the company. Loyalty was not rewarded and nor hard work. HSBC is not a meritocracy.