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HSBC Holdings Assistant Manager Reviews

Updated Oct 10, 2019

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Found 259 reviews

3.9
StarStarStarStarStar
Rating TrendsRating Trends
85%
Recommend to a Friend
100%
Approve of CEO
HSBC Holdings CEO Noel Quinn
Noel Quinn
3 Ratings
  1. Helpful (1)

    "HSBC BANK USA, N.A."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Branch Manager in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Excellent benefits; 30 days paid days off and holidays plus an excellent 401K

    Cons

    Limited opportunities for advancement and not much recognition from Senior Management.

    Advice to Management

    Show recognition for employees.

    HSBC Holdings2017-03-01
  2. "Good clients and programs"

    StarStarStarStarStar
    Current Employee - Assistant Vice President, Relationship Manager in Los Angeles, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at HSBC Holdings full-time for more than a year

    Pros

    Good clients and international programs. Very beautiful branches and offices. I like the team work environment. Pretty good work and life balance the branch is open from 9-4. Very good vacation time

    Cons

    The systems at the branch level is pretty outdated. The new management is trying to run the company as a mass market bank.

    Advice to Management

    New management trying to run it as a mass market bank. Its lowering morale

    HSBC Holdings2016-03-08
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  4. "No room for growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Manager 
    Doesn't Recommend
    Negative Outlook

    I have been working at HSBC Holdings full-time for more than 8 years

    Pros

    time off is great, and they pay your college tuition up front.

    Cons

    No room for professional growth. Human resources almost never favors the employee, it favors management. No bonus. Only sales staff gets rewarded on company trips and compensation packages.

    Advice to Management

    Hire more internally. HSBC has a lot of great talent. Include everybody in rewards. Revise HR policies.

    HSBC Holdings2015-02-22
  5. Helpful (3)

    "Worst Bank Too Work For"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Vice President Premier Relationship Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    great salary hours Vacation time that's about it

    Cons

    Training is horrible Upper management does not care about you unless you are a revenue producer Goals are unrealistic , high pressure job

    Advice to Management

    better training mentoring when you are on the job so you don't feel like you were set up for failure better district mangers who really care about you as a person not just a revenue producer only worked there for a year worst bank ever worked for in 30 years

    HSBC Holdings2015-01-14
  6. "Conservative and well managed for stockholders, employee experience is very individual by department and manager."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Vice President Project MAnager in Buffalo, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at HSBC Holdings full-time for more than 8 years

    Pros

    Work from Home policy, one of the top employers in Buffalo, excellent colleagues and first line managers, benefit package options are configurable to employee needs, opportunities for learning new things and solid project management processes. There are well thought out project processes and management reporting where there is compliance. Farsighted business planning. Response to the US Compliance environment has... been stellar. The divestiture of major brick and mortar was a first in class execution.

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    Cons

    Some strategies for employee resourcing and organizational change has been better on paper than in execution. There is strong management commitment but the actions have been less successful in execution. As in other organizations, management set deadlines which are unrealistic given resources and other constraints. Handling of bonus pay is not transparent and while it suppose to be an incentive it is an exercise... in frustration.

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    Advice to Management

    High attrition of the best people is due to salary. We have lost some very good people which some have returned so in the employee engagement there needs to be more effort to share how HSBC really compares to its competitors in regional employment markets for total compensation packages and opportunities. Returning employee interviews would be helpful as to understanding why they returned.

    HSBC Holdings2014-02-18
  7. "Good place to work, professional management, friendly co-workers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Vice President, Project Manager II in Salinas, CA
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at HSBC Holdings full-time for more than 5 years

    Pros

    Good career prospects globally via secondments etc

    Cons

    remote location, hard to commute to nearest cities

    Advice to Management

    none

    HSBC Holdings2013-06-26
  8. Helpful (1)

    "Squeezing blood out of a stone"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Manager 
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at HSBC Holdings full-time for more than 8 years

    Pros

    - International Bank allowing flexibility for those interested in the opportunities living abroad - Strong employee networking groups to help grow professional development - Strong brand

    Cons

    - Continue to cut jobs across the Group - Environment not sustainable asking for double / triple the work - Gap exists with what is communicated by Senior / Executive Management expressing both work life balance and best place to work with Middle Management - Job ratings (performance reviews) really mean nothing with bell curves used as a basis for distribution of job ratings

    Advice to Management

    - Care more about the employee versus the share holder - Continue to be involved in the community to empower your employees to do more both in and out of work - Ensure middle management follows through with culture transformations

    HSBC Holdings2013-04-16
  9. "good to settle in kolkata"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Manager in Calcutta, IN
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    till now good work life balance

    Cons

    low growth, low salary, lot of mi work etc

    Advice to Management

    bring in growth

    HSBC Holdings2013-02-05
  10. Helpful (2)

    "Good earning potential with tolerance for stress"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Manager in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    HSBC offers good benefits: medical, vacation, etc. HSBC compensation is highly competitive which attracts top talent/high performers.

    Cons

    There is a constant change within HSBC's Retail Bank, which makes many employees uncomfortable and make it hard to retain talent. Because of that branches are often understaffed and employees feel stressed and pressured.

    Advice to Management

    Update IT infrastructure to increase productivity and stop changing give more chances to internal candidates

    HSBC Holdings2012-08-16
  11. "Working here is a mixed bag, overall a good place with great people"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Assistant Manager in Las Vegas, NV
    Approves of CEO

    I have been working at HSBC Holdings

    Pros

    HSBC offers a great benefit package with several choices on medical insurance / drug coverage. Tuition reimbursment is also offered. The work is interesting and keeps me thinking and learning. There is opportunity for posting into different positions in order to keep on learning and growing. There are recognition programs in place which help to stimulate that competive spirit. Training for the entry level positions... such as collections, credit and Customer Care have evolved over time to be best in class.

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    Cons

    Income growth is limited by a rather stingy pay for performance policy. There is a curve grading system in place for yearly reviews. This works well for large departments such as Collections, Care. Not so good for smaller groups which are lumped in with larger areas who do not do comparable work. For some no matter how well you perform your rating will not exceed average. Staff reductions when they have happened... have not been handled in the best possible way.

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    Advice to Management

    Get Rid of the 20/70/10 at least in small work groups with unique types of functions.

    HSBC Holdings2009-04-13
Found 259 reviews