HSBC reviews

3.8

72% would recommend to a friend

(28,332 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 28,332 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
3.0
Feb 7, 2022
Recommend
CEO approval
Business Outlook

Pros

CEO Noel Quinn is redeploying capital and resources where they generate the best returns - in Asia. Massive global bank but vast majority of profits are generated by the Asian operation.

Cons

The US operation is not fit for growth nor is it being asked to grow. Instead, it plods along - it’s bureaucratic and the US leadership is uninspiring.

2.0
Feb 25, 2020
Recommend
CEO approval
Business Outlook

Pros

Starting salary, decent health benefits

Cons

Too many to list but here are some 1. Wells Fargo pre law suit sales practices (super shady) 2. No work life balance, they’ll have you work 6 days a week without overtime pay and cut your hours or have you take longer lunches (which is illegal) they’ll have you manipulate your timesheet to not show overtime even when you work overtime 3. The system is ancient, takes 2 hours to open up an account. Make you ask the customers questions that no other banks ask and a lot of customers feel like they’re being accused of wrong doing. Also, you have to use like 4-5 different applications to get one thing done 4. Bad leadership and definitely headed in the wrong direction 5. No opportunity to grow and the turnover rate is so high they start you at a decent salary because they can’t keep employees. 6. You never know when you will be laid off because the US operation is actually losing money and not bringing the company profits. They’ve shut down quiet few locations. 7. They promise you $8k-12k in bonuses. Don’t fall for that it’s not true Finally, the laid a bunch of us off today after hiring us in November, that’s 4 months after being hired. They pulled us into the office and told us we have 90 days to find another job. If that’s not enough for you to run away, then I wish you the best of luck!

2.0
Sep 12, 2019
Recommend
CEO approval
Business Outlook

Pros

Generous 401k match, ability to work from home.

Cons

Strategic roles increase responsibility faster than the pay or job title does. Layoffs happen too often for a bank that is supposedly focused on growth. Above average performers sacrifice a lot of work-life balance. Not all people managers are trained to manage people. Extremely limited career opportunities in Buffalo.

Viewing 25 - 27 of 28,332 Reviews

Glassdoor has 36,762 HSBC reviews submitted anonymously by HSBC employees. Read employee reviews and ratings on Glassdoor to decide if HSBC is right for you.