HSBC reviews

3.9

72% would recommend to a friend

(28,233 total reviews)
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Georges Elhedery

69% approve of CEO

66% positive business outlook

HSBC has an employee rating of 3.9 out of 5 stars, based on 28,233 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 Finanzen industry (3.7 stars).

Reviews by job title

28K reviews
2.0
Oct 13, 2017
Recommend
CEO approval
Business Outlook

Pros

401k match Pay is OK. It's not competitive but it's not the worst Great colleagues I can't think of anything else.

Cons

Hours and responsibilities have increased greatly for retail banking and wealth management division without any increase in pay or even a thank you. The core problem with the bank is that they are behind in times in terms of technology and strategy. Another problem is that the firm is extremely top heavy. We have so many managers on top of managers that layers are 10 fold than what it used to be. We were in a meeting and our head was saying our revenue is pale in comparison to our spending. So what do they do? Cut tellers who are making 14-15 dollars/hour. All I've thought about was why not trim the fat up top and create more transparency and save 100s of thousands of dollars? That's because layers are safer for the guys on top to protect their position. From my understanding the heads run the bank by a spreadsheet. It's similar to Marxist theory. Works on paper but doesn't work in real life. The branches are thirsty for resources and now the hours have increased. So now we have increased hours with less resources, which leads to poor customer service. New tech has led to even longer hours because there's no alpha or beta testing and they just roll it out. I really hope the top management gets their heads together and think things through before making any big changes like this.

4.0
Sep 15, 2017

Good company in Good time

Recommend
CEO approval
Business Outlook

Pros

- work-life balance - good environment - hike and bonus are good in some years but recently they are cutting down the cost so for many employees zero hike and zero bonus for 2017.

Cons

- Politics, due to annual bonus thing a lot of politics is played. - Being a bank a lot of restriction, even new technologies comes late in use. - Micromanagement using sapience software which tracks time you spend on your pc is your personal work or official.

1.0
May 27, 2017

Unethical company

Recommend
CEO approval
Business Outlook

Pros

Wifi work environment Locations with in city limits

Cons

Micro management Humiliation of contract employees. No work life balance Fake adoption of Agile methodologies. Mentally Unstable management

Viewing 52 - 54 of 28,233 Reviews

Glassdoor has 36,633 HSBC reviews submitted anonymously by HSBC employees. Read employee reviews and ratings on Glassdoor to decide if HSBC is right for you.