HSBC Holdings Reviews | Glassdoor

HSBC Holdings Reviews

Updated November 21, 2017
6,469 reviews

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3.5
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Approve of CEO
HSBC Holdings Chief Executive Stuart T. Gulliver
Stuart T. Gulliver
1,618 Ratings

6,469 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Some Good, Some Bad. HSBC is a Good Place to Work."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Servicing Specialist III in Brandon, FL
    Former Employee - Loan Servicing Specialist III in Brandon, FL
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    I was with HSBC nearly 16 years. The pay was good and so were the benefits. There was life work balance and the work schedule was flexible. Ample paid time off and was available. The company was solid and I am proud to be an HSBC alumni.

    Cons

    I worked in the subprime mortgage area that HSBC bought from Household. HSBC did not want to service these loans and once the market rebounded sufficiently from the crash in 2008, HSBC began selling off the portfolio of loans. That resulted in my lay off this past May. The site where I worked will be closed, if not already.

    Advice to Management

    Practice less micro-management and allow for more independence. The rewards will be a satisfied employee base!


  2. "Positive Experience and Good Bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at HSBC Holdings full-time

    Pros

    Great culture and opportunities for advancement internally.

    Cons

    New CEO and reorganizations

  3. "Great"

    StarStarStarStarStar
    • 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 part-time

    Pros

    Great benefits offered to employees.

    Cons

    Not much cons about the company.


  4. "CML Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Arlington Heights, IL
    Former Employee - Anonymous Employee in Arlington Heights, IL
    Recommends
    Disapproves of CEO

    I worked at HSBC Holdings full-time

    Pros

    - Good natured people
    - excellent work life balance
    - lots of time off
    - good severance package
    - full time employees have a team of consultants and offshore counterparts with minimal work for themselves
    -Hsbc pays its employees well
    - good 401k
    - the place is full of oppportunities for those who seek.

    Cons

    - It’s a job, not a career.
    - Most people lack ambition, they are there for the years of service they have with HSBC.
    - Most people have fancy and senior titles ( Head of.. Chief..)and very few people to do the actual work.
    - the non fancy title employees are fairly well engaged in private work while working remotely and have several consultants and offshore teams to do their work.
    - In the name of flexibility many employees abuse the remote working facilities.
    - Limited budgets every year, lots of job cuts proposed. No job security.
    - excessive offshoring
    - very expensive healthcare plans.
    - projects are slow to execute

    Advice to Management

    - bank has to move towards accountable and high performing atmostphere and limit flexible working for a few years to reinstate serious and dedicated work environments.
    - get strategy in place and give employees sense of job security.
    - don’t strive for jus a lean organization but a productive one.
    - grow business- don’t just reduce expenditure but augment income


  5. "Database Adminstrator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at HSBC Holdings full-time

    Pros

    Global Company - lots of opportunities to interact with people across the globe.
    Company's recent transformation program allows to work in different new technologies

    Cons

    Lack of career growth,
    No travel opportunities.


  6. "Good place in general"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - GLCM Client Service Officer in Miami, FL
    Former Employee - GLCM Client Service Officer in Miami, FL
    Recommends

    I worked at HSBC Holdings full-time (More than 8 years)

    Pros

    Decent pay, good working atmosphere, good benefits compared to other banks

    Cons

    Career advancement could be better, it is mentioned but could be better advertised


  7. "Analyst"

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

    Pros

    good working environment and training experiences

    Cons

    the process is sometimes rigorous

  8. "One of the finest places to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Bankruptcy Specialist in Elmhurst, IL
    Former Employee - Bankruptcy Specialist in Elmhurst, IL
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at HSBC Holdings (More than 10 years)

    Pros

    Employees, training, benefits, vacation and camaraderie.

    Cons

    Management did not have the proper training at times.

    Advice to Management

    Listen to your employees. Keep in the loop with your employees.


  9. "Entry Level Technician Specialist"

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

    I worked at HSBC Holdings full-time

    Pros

    Opportunity to work with highly skilled employees fresh out of university.

    Cons

    -Management led multiple recent university graduates to believe they would have the opportunity to launch a long-term Information Technology career with the company but all job roles were abruptly removed due to outsourcing.

    -No annual bonus or pay raise.

    Advice to Management

    Invest in domestic operation positions rather than outsourcing to countries that can not provide the same quality of service.


  10. "Consultant, Business Systems"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Systems Consultant in Arlington Heights, IL
    Current Employee - Business Systems Consultant in Arlington Heights, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Work from home, benefits, work/life balance, diversity programs, competitive salaries, 401k match, bonus program, casual attire, friendly coworkers and nice office environment

    Cons

    Poor management, no career path, limited opportunities for technical growth, no formal training, do not encourage or support outside training or certification, constantly changing technical direction

    Advice to Management

    Don’t micro manage but take the necessary time to learn each team members’ career goals. Better interdepartmental and team communication. Encourage communities of interest beyond diversity groups.


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