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
Jul 4, 2012

Let's have a meeting about a meeting.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

A good brand name. External employers think of it as a bastion of excellence.

Cons

It's a bureaucratic nightmare. People are over promoted. Far too many people at GCB4 and too many people at GCB3 who should be demoted and told to actually do some work. There is no downside to not doing a good job. This company tolerates underperformance. The turnover of good people is horrific. If they actually developed their top talent, they wouldn't be left with a bank that is riddled with people that have been there for 15 years plus and think they know EXACTLY how the place should work. They lack perspective. Know this - the only thing management give a monkeys about is progressing their career. Don't tell HR anything you wouldn't tell the CEO to his face. They are his henchmen.

3.0
Oct 5, 2011
Recommend
CEO approval
Business Outlook

Pros

If you want to work in an offshore sell side research or aspire to work in onshore sell side research but not getting opportunity, HSBC EDPI is the best organisation to work with. Being a captive unit of HSBC Research, you get to learn a lot during first two years of your career. This center provides support to the all the global offices of HSBC and other than marketing and speaking with clients you can literally do everything.

Cons

But you should leave organisation within 2-3 years, else you get stuck in your career because there are not enough opportunities available to move onshore. If you stay for more than three years, it will be difficult to get job elsewhere. Senior management is least interested in anyone's career. Most of the senior people are fighting for their own survival, because once this sort of set up does not need many senior management personnel.

1.0
Jun 29, 2010

Slow, inefficient, political.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You can work from home. There is a generous bonus, when we are in a recession. Salaried people just don't get fired. You have the freedom to make what you want out of your position.

Cons

Promoting from within based on relationships has put unqualitied people at the helm of many groups. This leads to slow, inefficient pockets of non-professionals. The resulting chaos and flailing about towards goals is inevitable. There is a cover-your-vulnerability culture, where the biggest concern is to avoid blame. This mind-set is so entrenched that managers are reluctant to hold other groups accountable when their processes or products are faulty. When you combine everyone's desire to avoid being blamed and their consequential aversion to blaming anyone, you end up with no accountability. Systems crash, processes fail and pesonnel exhibit incompatence without resulting in any communication, awareness of the event or change. Both System deficiencies and network issues that cause burdens to end users are simply endured. It seems like any improvements or added functionality is at the whim of the departent supporting it. There is another cultural anomaly that was particulrly difficult to becoem accustomed to, and which is more difficult to accept. You will hear the words, "I'm sorry, I was multitasking. What did you need?", at least once in every conference call. It is culturally acceptible to just listen for your name and tune out the rest. There is a deplorable lack of interest in efficient and effective communicaion. Senior managers have good intentions and an earnest desire to meet their goals and objectives, but without a framework for cross-departmental accountability, without the leadership of policy makers, with a tendency to call for consensus rather than lead a group, they are left flailing toward their objectives, waiting for someone on the team to step up and make it happen, practically on their own. It seems like there are key individuals at al levels within the organization who have a reputation for dependability and professionaism, and these people are called upon in every project because they are responsive and dependable and competent. But there is burn out, and their personalities show it. Over-all, this is a good place for someone who just wants to get along, unnoticed by most, and collect a pensionfrom a reliable banking business. This is also a god place for the politically minded, who enjoy developing relationships within management without producint anything or being productive within the business itself. However, if you are motivated, if you pursue excellence, if you value professionalism and have high expectations from yourself as well as others, this place will drive you crazy and turn your demeanor into a pessemistic, grumpy critic of all those around you and the company itself. After one to two years, you will be looking for a way out.

Viewing 67 - 69 of 28,233 Reviews

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