HSBC Holdings Reviews | Glassdoor

HSBC Holdings Reviews

Updated February 20, 2017
5,282 reviews

Filter

Filter

Full-time Part-time

5,282 Employee Reviews

Sort: Popular Rating Date

Pros
Cons
More Pros and Cons

  1. "HSBC New York Risk Manager"

    Star Star Star Star Star
    • 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 full-time

    Pros

    Great working environment in the middle of Manhattan, great teammates, company with strong reputation

    Cons

    Headquarters is in London, not New York. This means resources are mostly in London.


  2. "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.


  3. "Accountant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in Brandon, FL
    Former Employee - Accountant in Brandon, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    International company with a strong global presence. The banking side of the company in the US is seeing growth in the Premium market.

    Cons

    Focus on cost savings through off shoring efforts. Unless you are a manager or equivalent on the bank side, there is a great chance that your position will be off shored.

    Advice to Management

    It is apparent to current and former employees that the focus of management is not a strong workforce presence in the United States. This may deter growth.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Portfolio Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at HSBC Holdings full-time (More than 3 years)

    Pros

    Work life balance, fair compensation

    Cons

    Red-tape, lack of upward mobility


  6. "Premier Relationship Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at HSBC Holdings full-time (More than 3 years)

    Pros

    The pay is good and so is the culture.

    Cons

    Poor technology will leave HSBC in the dust.

    Advice to Management

    get rid of under performers.


  7. "Developer"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at HSBC Holdings (More than a year)

    Pros

    Good place to work for experience candidates

    Cons

    Work goes very slow, not a recommended place for fresher.


  8. Helpful (1)

    "Mortgage Services"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Servicing Ops Representative in Brandon, FL
    Former Employee - Mortgage Servicing Ops Representative in Brandon, FL
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    I worked for HSBC Mortgage Services for 11 years in various departments. Overall, good company. When I started in 2005, we got lots of perks, but due to the downsizing of the Mortgage Division, those perks disappeared. I worked with a great bunch of people. Yes, some were not that great, but that's at every company. Loved the casual dress code. From June 1st to Sept 1st, you could wear shorts and flip flops. Lots of opportunities to volunteer in the community.

    Cons

    They are selling off their some of the Mortgage Division, so lots of people are getting laid off. This has been going on for the last several years. Credit cards were sold to Capital One. No Mortgage servicing job opportunities.

    Advice to Management

    Be open and honest with your employees.


  9. "Unit Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Manager in Las Vegas, NV
    Former Employee - Sales Manager in Las Vegas, NV
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at HSBC Holdings (More than 10 years)

    Pros

    great company, cared about employees, good benefits

    Cons

    normal politics, no work life balance


  10. "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.


  11. "Financial Analyst"

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

    I worked at HSBC Holdings full-time

    Pros

    - Global team
    - Diversity
    - Nice location in the midtown Manhattan

    Cons

    - Legacy systems
    - Lack of clear direction from senior management
    - Not very innovative



Showing 5,282 of 5,699 reviews
Reset Filters