HSBC reviews

3.8

72% would recommend to a friend

(28,336 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 28,336 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
Aug 22, 2008
Recommend
CEO approval
Business Outlook

Pros

Flexible benefits are improving. Contributory pension scheme is going to improve hugely in 2008. But the non-contributory pension scheme is being stopped (but thats no surprise). Strong team ethic where employees tend to help other employees readily. Information sharing is done as a matter of course. Truly want to be best bank for customers.

Cons

Big focus on using offshore resources whether they are right for the particular IT project or task. It's just a numbers game to senior management so much so that some projects just have 10/20 offshore developers sat around doing nothing, but so they can hit the ratio targets. Far too much red tape and paperwork. Not enough freedom given to employees to use initiative and do what is right rather than blindly following managements poorly thoughout strategy.

4.0
Jul 14, 2008
Recommend
CEO approval
Business Outlook

Pros

Working for a member company of the largest enterprise in the world has the advantage of diversity at all levels, if you are willing to put in the hours and overperform there are great opportunities to advance, locally or internationally. The bank prides itself in being a meritocracy where merit is the basis for promotion, although perhaps not perfect they do try.

Cons

A lot of red tape and a policy of salaries below the market average makes you think often that you'd be better off elsewhere. HSBC bought this bank less than 10 years ago and the culture is still mixed, so different people have very different opinion. There are still many old practices and inefficiencies that don't correspond to a global bank, so you have to navigate carefully.

Viewing 28252 - 28254 of 28,336 Reviews

Glassdoor has 36,769 HSBC reviews submitted anonymously by HSBC employees. Read employee reviews and ratings on Glassdoor to decide if HSBC is right for you.