HSBC reviews

3.8

72% would recommend to a friend

(28,323 total reviews)
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Georges Elhedery

69% approve of CEO

65% positive business outlook

HSBC has an employee rating of 3.8 out of 5 stars, based on 28,323 company reviews on Glassdoor which indicates that most employees have a good working experience there. The HSBC employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

28K reviews
1.0
Nov 30, 2014
Recommend
CEO approval
Business Outlook

Pros

Large established firm, still a strong enough historical rep to carry it through all the current period negativity. Some work life balance dependent on dept/manager.

Cons

Highly dysfunctional. Indecision, passing the buck, outsourcing the wrong areas, secrecy and flat out hypocrisy is rampant. You will be told the mottos but then not shown it.

1.0
Jun 29, 2010

Slow, inefficient, political.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You can work from home. There is a generous bonus, when we are in a recession. Salaried people just don't get fired. You have the freedom to make what you want out of your position.

Cons

Promoting from within based on relationships has put unqualitied people at the helm of many groups. This leads to slow, inefficient pockets of non-professionals. The resulting chaos and flailing about towards goals is inevitable. There is a cover-your-vulnerability culture, where the biggest concern is to avoid blame. This mind-set is so entrenched that managers are reluctant to hold other groups accountable when their processes or products are faulty. When you combine everyone's desire to avoid being blamed and their consequential aversion to blaming anyone, you end up with no accountability. Systems crash, processes fail and pesonnel exhibit incompatence without resulting in any communication, awareness of the event or change. Both System deficiencies and network issues that cause burdens to end users are simply endured. It seems like any improvements or added functionality is at the whim of the departent supporting it. There is another cultural anomaly that was particulrly difficult to becoem accustomed to, and which is more difficult to accept. You will hear the words, "I'm sorry, I was multitasking. What did you need?", at least once in every conference call. It is culturally acceptible to just listen for your name and tune out the rest. There is a deplorable lack of interest in efficient and effective communicaion. Senior managers have good intentions and an earnest desire to meet their goals and objectives, but without a framework for cross-departmental accountability, without the leadership of policy makers, with a tendency to call for consensus rather than lead a group, they are left flailing toward their objectives, waiting for someone on the team to step up and make it happen, practically on their own. It seems like there are key individuals at al levels within the organization who have a reputation for dependability and professionaism, and these people are called upon in every project because they are responsive and dependable and competent. But there is burn out, and their personalities show it. Over-all, this is a good place for someone who just wants to get along, unnoticed by most, and collect a pensionfrom a reliable banking business. This is also a god place for the politically minded, who enjoy developing relationships within management without producint anything or being productive within the business itself. However, if you are motivated, if you pursue excellence, if you value professionalism and have high expectations from yourself as well as others, this place will drive you crazy and turn your demeanor into a pessemistic, grumpy critic of all those around you and the company itself. After one to two years, you will be looking for a way out.

1.0
Jul 2, 2019
Recommend
CEO approval
Business Outlook

Pros

Good salary compared with other financial institutions, work from home, decent vacation time, benefits strong but deteriorating rapidly. Good people working there, but that also is being deteriorated.

Cons

Huge influx of Indian employees under the pretense that those skills cannot be found in the USA. This is reprehensible behavior - but seriously, who would stick their neck out? Even writing this is a risk. Promotion of buddies without credentials or peer respect. Layoffs of quality employees. Overworked employees who are left after layoffs. Senior executives constantly spewing spin and carefully crafted "truth". Illegal activity leading to compliance requirements and penalties for which employees who had nothing to do with it are made to take training and adjust their behaviors while no mention is made of oversight of or penalties to those who were actually guilty. No training provided for technical staff, no respect whatsoever for technical staff and their need to keep skills current or value them as a resource. No symposia, conferences, expos etc attendance provided - except for the fat cats who don't use it anyway. Adherence to the philosophy that paying a foreign employee less money for less time is cheaper than paying a USA employee a little more (and retaining them beyond a 3-year visa) who will do the same job in 1/3 of the time and retain a valuable knowledge base and skills that can be leveraged into future projects. I think I'm going to run out of space here.

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