HSBC Holdings Reviews in Chicago, IL | Glassdoor

HSBC Holdings Chicago Reviews

Updated May 23, 2017
196 reviews

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Chicago, IL Area

3.4
Star Star Star Star Star
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Approve of CEO
HSBC Holdings Chief Executive Stuart T. Gulliver
Stuart T. Gulliver
37 Ratings

196 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Cooperate Trainer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Skills Trainer in South Holland, IL
    Former Employee - Skills Trainer in South Holland, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great opportunities to grow and learn different skills.

    Cons

    The daily commute was over 25 miles one way.


  2. "Consultant Communications and Systems"

    Star Star Star Star Star
    Current Employee - Consultant Communication and Systems in Arlington Heights, IL
    Current Employee - Consultant Communication and Systems in Arlington Heights, IL

    Pros

    I find the benefits to be good. They match on the first 4% of of salary that you put into your 401k. And they match 50% on a family flexible spending account. And they do believe in work/life balance.

    Cons

    The cost cutting resulting in budget decreases and staff reductions has been brutal in the US. Conversion to Agile/Scrum/DevOps methodology is slow.


  3. "Team Lead"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Arlington Heights, IL
    Current Employee - Consultant in Arlington Heights, IL

    I have been working at HSBC Holdings full-time (More than 10 years)

    Pros

    Good work life balance
    Excellent Benefits
    Global Presence

    Cons

    Too big hampering quicker time to market

    Advice to Management

    Doing everything global is not working


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  5. "Large multinational Bank"

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

    I have been working at HSBC Holdings full-time (More than 10 years)

    Pros

    Many opportunities overseas if you are willing to move. Benefits and pay are good for a multinational large bank company.

    Cons

    Currently they are struggling with their staffing and expenses in a low growth economy. Every few years they seem to want to re invent the company image.

    Advice to Management

    Upper management is changing too often which leads to fractured goals to contain expenses. Their job growth plans seem to change yearly.


  6. "Strategy and Support Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Strategy and Support Manager in Elmhurst, IL
    Current Employee - Strategy and Support Manager in Elmhurst, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at HSBC Holdings full-time (More than 10 years)

    Pros

    This company has provided me with so many opportunities to grow. I have gained so much knowledge for what I do today due to the staff and management I have been able to work with.

    Cons

    I have no cons to list.


  7. "The Highs and the lows"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager in Chicago, IL
    Former Employee - Senior Manager in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Salary, they pay well but money isn't everything.

    Cons

    The culture is a revolving door. Very much a NYC only important culture. The loss of long term employees in the end will hurt the business.


  8. "Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant in Chicago, IL
    Former Employee - Consultant in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at HSBC Holdings (More than 10 years)

    Pros

    Good People Great Teams and work life balance

    Cons

    Bad Strategy too many processes and approval

    Advice to Management

    Not just saying agile doing/managing agile is very important.


  9. "Great Culture"

    Star Star Star Star Star
    • 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
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Collaborative Culture, great benefits

    Cons

    none at this time

    Advice to Management

    n/a


  10. "Focus not on US"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Consultant in Chicago, IL
    Former Employee - Business Consultant in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great work life balance for IT positions
    A lot of great people to work with

    Cons

    Company has been slowly shifting resources offshore more and more. VERY little room for advancement, management does not recognize technical skills as they put a flat $$/hour cost on everything and offshore is cheaper regardless of skill level.
    Don't expect more than a 2-3 pay increase IF there is even one for the year.
    You are NOT rated for your performance but pitted against co-workers as they rate on a 70-20-10 scale. Every year 10% WILL be rated as poor performers regardless if your whole team does excellent work.

    Advice to Management

    Actually give a crap about your employees. They are professionals in a highly skilled area, yet you treat them as numbers on a spreadsheet.
    Rethink your HR policies on rating employees, you are causing a lot of animosity among your employees.


  11. "A lot of promise not everyone can achieve"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant Business Systems in Elmhurst, IL
    Former Employee - Consultant Business Systems in Elmhurst, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good benefits, an open, diverse culture usually focused on collaboration and consensus. Many different areas of information technology. Relatively aggressive about keeping up with modern technologies, providing opportunities to learn and do new things. As a Financial Services organization, there is lots of focus on controls, which has its benefits.

    The culture is quite excellent in many ways, with pervasive messages about collaboration, inclusiveness, safety, and sustainability. There is a lot of focus on "doing the right thing", and it's such a broad and consistent message, with lots of support for things like whistleblowers, I do believe the messages are sincere. To be sure. HSBC has made headlines because of some very illegal things done by some of its employees. The company rightly is held responsible for this, but those actions don't seem to represent the company culture at large.

    Cons

    Because it's a Financial Services company, the focus on controls can mean the ship is large and slow to move, meaning a lot of the organization does focus on older, more staid processes and technology. For a number of years (5+) there has been significant organizational change as the bank tries to become more streamlined. Some of this change has been good, but it is very disruptive to employees, including a heavy focus on moving IT jobs that are not country specific to countries with the cheapest possible labor costs.

    Advice to Management

    Stop moving the goalposts. Find an organizational strategy and stick to it for more than 18 months.

    Recognize that you most often get what you pay for in terms of staff. The countries to which you are moving your IT function have a significant lack of experience in sophisticated engineering and problem solving, and the people there who do have a high degree experience can command better salaries at other companies, meaning you won't keep them when you do find them.


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