HSBC Holdings Reviews | Glassdoor

HSBC Holdings Reviews

Updated February 21, 2017
5,287 reviews

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  1. "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.


  2. "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


  3. "work"

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

    I worked at HSBC Holdings full-time

    Pros

    good place to work with and projects which help in your growth.

    Cons

    Salary could have been better


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


  5. "Analyst"

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

    I worked at HSBC Holdings full-time

    Pros

    Has an international flavor as well as a diverse and supportive management. The training programs are excellent. I would rank it among one of the best companies in the world to work in.

    Cons

    If you are unwilling to work hard and long hours, this may not be the company for you. They don't have offices in many cities in the US.

    Advice to Management

    Great company with a rich history. So stick to your knitting and keep doing what you have in the past.


  6. "Bank"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings full-time

    Pros

    Solid job for a banker

    Cons

    Bank regulations are only getting worse

    Advice to Management

    More staff


  7. Helpful (1)

    "Sr. Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in New York, NY
    Current Employee - Senior Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at HSBC Holdings full-time (More than 5 years)

    Pros

    The paycheck every 2 weeks. There are no pros other than being employed. Run for your life - be a day laborer.

    Cons

    Everything - absolutely no work life balance. Do what I say regardless if it's right or wrong and if it's wrong you are taking the blame.
    Benefits are horrible - cost an arm and 2 legs and cover absolutely nothing.

    Advice to Management

    Re-evaluate your management - ppl are miserable and they could care less unless something happens. If you work in the U.K. you are golden... if U.S. You are considered pond scum.


  8. Helpful (1)

    "HSBC Mortgage Services"

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

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

    Pros

    Good place to work, pay was competitive, PTO accrual was awesome, Brandon site was good place to be.

    Cons

    Reduction in force due to closing this specific business area. Other parts are thriving

    Advice to Management

    Keep showing people you care and they will perform at their best.


  9. "AVP operations manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Assistant Vice President in Miami, FL
    Current Employee - Assistant Vice President in Miami, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    10 Plus year of experience in USD and FX payment

    Cons

    work in Miami and need to move back to New Jersey/ New York

    Advice to Management

    n/a


  10. "Avp"

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

    I worked at HSBC Holdings full-time

    Pros

    Good employee welfare benefits, training opportunity, talent people to work with as well as international exposures. Top notch player in international finance.

    Cons

    Could be aggressive work environment depending on the team and team management, may not be good for people seeking work and life balance.

    Advice to Management

    Listen to employee needs and root up advice to improve efficiency, reduce face time to be more productive and more boosted morale.


  11. "it was a great company to work for..."

    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
    No opinion of CEO

    I worked at HSBC Holdings full-time (More than 5 years)

    Pros

    great company to work for

    Cons

    no room for career advancement



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