HSBC Holdings - Horrible - Unsupportive, stuck in old ways, HSBC has no interest in US | Glassdoor
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There are newer employer reviews for HSBC Holdings

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Helpful (4)

"Horrible - Unsupportive, stuck in old ways, HSBC has no interest in US"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in Mettawa, IL
Former Employee - Anonymous Employee in Mettawa, IL
Doesn't Recommend
Negative Outlook
Approves of CEO

I worked at HSBC Holdings full-time (More than 3 years)

Pros

HSBC is a top global banking brand. Anyone with any banking or commercial knowledge knows that. Once you finally want to get out of HSBC, it looks great on your resume. If you are lucky enough to get laid off, they treat you well and give you good severance. Also can work from home. occasionally

Cons

1. HSBC in US is a dying cause: The only area the company places major focus on is commercial banking arm. Retail banking and GB&M are both shrinking in size (though still will exist), and all of the finance company has either been sold off or is in run off. There is opportunity to move up, but if you want to work in an environment where everyone is on their toes for lay offs, then that is up to you.
2. The atmosphere supports no entrepreneurial attitude or creativity in your job (at the staff/manager level). They just want someone to complete part of the process, and they could care less about what you can bring to the table or who you are as a person.
3. The office is really nice, but it is in the middle of no where. No body socializes at work due to the uptight office culture (although gossiping is worse than it was in HS), and certainly no body goes out after work for happy hour.
4. Just a depressing atmosphere in general - everybody in this office knows lay offs already have or are soon to occur and that HSBC USA is not mainstream HSBC at all. We are a portion of a global bank that is a major drag on group consolidated earnings (due to our mortgage portfolio).

Advice to Management

I understand what management is doing - makes full sense - I guess maybe they could just be more open about it and not act like things are so glamorous.

Other Employee Reviews for HSBC Holdings

  1. Helpful (1)

    "VP, Sr. Premier Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President, Senior Premier Relationship Manager in Los Angeles, CA
    Current Employee - Vice President, Senior Premier Relationship Manager in Los Angeles, CA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Global opportunity, competitive salary, and job flexibility.

    Cons

    Poor technology and group think.


  2. Helpful (1)

    "Good choice if you are looking for an multi-national company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Mettawa, IL
    Current Employee - Manager in Mettawa, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at HSBC Holdings full-time (More than 8 years)

    Pros

    diversed enviornment, good benefit, global footprints

    Cons

    lack of growth, no clear direction in North America business

    Advice to Management

    provide more room or growth and btter incentives when downsizing N America business

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

See Most Recent

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