HSBC reviews

3.8

71% would recommend to a friend

(28,351 total reviews)
avatar

Georges Elhedery

68% approve of CEO

65% positive business outlook

HSBC has an employee rating of 3.8 out of 5 stars, based on 28,351 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
2.0
Aug 9, 2012
Recommend
CEO approval
Business Outlook

Pros

HSBC pays well, they provide decent benefits, and they have implemented a work from home program, to make sure employees who are in positions that allow this perk the ability to experience true work/life

Cons

They treat their IT division, HTS, like unwanted step children. Unfortunately, if you are part of IT and you're based in NYC, their is almost no opportunity for advancement or job rotation. You will be stuck doing the same thing, day in and day out, no matter your skill level. In order to move up or experience working on different technology, you will need to be willing to relocate out of state or country. If you want any chance at doing something different, but are determined to stay in NYC, you have to wait for someone to vacate a position, because they rarely create new positions for HTS in NYC. Chances are that you'll be reporting to someone in Buffalo, NY, Mettawa, IL, or Vancouver Canada. Your team will probably be spread through these locations as well. Therefore, your relationship with your manager(s) and colleagues can suffer. If you have exceptional skill in your field of IT expertise, this is not the company for you. Their processes and refusal to allow you to grow will dumb you down to the point of self doubt. Lastly, HTS members are always the first lambs led to the slaughter when the company decides that it is necessary to cut jobs.

1.0
Jul 26, 2012

Horrible.

Recommend
CEO approval
Business Outlook

Pros

you have something to do for 8-12 hours a day, and most lower level co workers are awesome, pay is not terrible

Cons

no raises, small potential for growth, unrealistic sales goals, bad image on the media doesn't help, obnoxious customers.

2.0
Jan 24, 2012
Recommend
CEO approval
Business Outlook

Pros

Solid Benefits and pension plan

Cons

The organization is very large, slow to move. Management does not have an adequate understanding US market. Not a meritocracy at all. Promotions are given to those with most "political collateral" or mindless sheep. Business lines to do not work cohesively. There is no sense of urgency to assists clients. IT functions out of India are hopelessly incompetent . There is no room for creativity , or outside the box thinking. There is no rigor or risk management analysis , when either rolling out a simple product marketing campaign or the purchase of a lending institution.The company has a long history and very poor track record of entering either geographic markets or client segments with shoddy execution and poor metrics of success. The company has zero regard for its employees and staff. Senior management changes are constant, and disruptive to execution and employee moral. Training is very limited and delivered by people who are average performers. An independent thinker, entrepreneurial mindset is not welcome. There is no defined culture It is impossible to "drink the kool aid" because executive management can not agree on a flavor.

Viewing 139 - 141 of 28,351 Reviews

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