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
Dec 28, 2008
Recommend
CEO approval
Business Outlook

Pros

Established stable company. Good benefits. Reasonable to good compensation. Company is well respected globally, even if the brand awareness in the US is low. Great place to work if you are interested in working overseas. Many different business units/lines means there is opportunity to move laterally as well as move up. Company invests in training and development for employees.

Cons

Sr mgmt doesn't understand the US market or consumer financial services, vs traditional banking. Company really doesn't value innovation or entrepreneurial thinking. Increasing reliance of centralized decision making, relegating US employees to be execution artists, not strategists. Increasingly less tolerant of risk, even when the rewards can be huge. Bias towards hiring former consultants and valueing that skillset/mindset vs a more diverse workforce. A lot of lip service is paid to diversity, but little is done. Not a good place to ascend if you are female; heavy male bias outside of the HR dept. Company is outsourcing and offshoring more and more of its operations.

3.0
Dec 24, 2008

International

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

International organization, good benefits, sound financial health

Cons

Limited advancement opportunities, East cost centric, Bureaucracy,

3.0
Dec 23, 2008
Recommend
CEO approval
Business Outlook

Pros

I learned a lot about the mortgage industry. The benefits are good. When things were good the compensation was good and the job was good. When things turned south the job became very unsatisfying.

Cons

There is a lot of talk as to how the loan options being offerred were benefitting the customers. As interest rates in the sub prime market increased our ability to offer potential customers a reasonable loan option became very rare. We ended up doing risky high interest rate loans to customers that would have a difficult time paying them back. It became difficult to feel good about the job knowing that you were really not helping customers anymore. And the loans that were getting through were going to have a high probability of defaults and delinquency. The changes that were being made by the company were insufficient to account for the changing lending environment.

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