HSBC reviews

3.8

72% would recommend to a friend

(28,236 total reviews)
avatar

Georges Elhedery

69% approve of CEO

66% positive business outlook

HSBC has an employee rating of 3.8 out of 5 stars, based on 28,236 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
1.0
Jan 26, 2017

Terrible employer with branches the worst

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Pension scheme is very good; high contribution without any employee contribution at all

Cons

Unpaid overtime is simply expected and never rewarded, and the way management and other staff treat you if you say you don't want to do it you'd think it was contractual Pay is deliberately suppressed and reasons found to keep performance ratings down Favouritism and nepotism are rampant; bullying is tolerated, stress is rife, if your manager is bad then don't expect anything to be done about it - not meritocratic at all The DPA and an obsession with financial crime risk are stifling and have led to poorly compensated frontline staff being handed increased risk, workload and responsibility without any increase in compensation You are treated like a naughty child and trusted with absolutely nothing The company transparently wants to spend as little money as possible on everything, including its staff, and doesn't even pay for the cleaning of branch back offices Constant staffing cuts leading to increasingly poor service levels which branch staff are left to apologise for - shocking when historically service has been great Constant motivational speaking guff to cover up for obvious problems rather than actually trying to fix any of them You are expected to devote your life to HSBC, be relentlessly positive and treat every scrap from the table you are given as manna from heaven while accepting ever more punitive conditions You're told that there are no sales targets and you won't be expected to push products, but then you are, and because it's at a local level it never gets noticed

2.0
Dec 14, 2016
Recommend
CEO approval
Business Outlook

Pros

This relates only to U.K. Private Bank and may be different in other parts: - very very human working hours - salary and benefits - working from home is a norm - not very stressful environment - strong graduate program

Cons

- issues and gender and ethnic diversity. Virtually no female or non-white senior managers - banking / internal systems are absolutely archaic, 10-15 years behind industry - approach to conduct / culture is bringing you back to 90s which, again, is no longer where the industry is at - senior management stuck in the same roles for years - lack of collaboration, very hierarchical, cumbersome and ineffective management structure - product proposition is very weak compared with competitors

1.0
Dec 8, 2016
Recommend
CEO approval
Business Outlook

Pros

The job was well paid and the work life balance was very amenable plus the facilities were generally speaking pretty good.

Cons

Finance was always an unpopular place to work, when I first joined there in 2005 I was shocked by how many of my colleagues seemed to absolutely detest the place. Over time I found out why. The environment put in place by senior management is appalling, bullying seems not only to be condoned but actively encouraged. People are undermined and insulted behind their back in a most primitive fashion. Consequently there is a constant revolving door of people and also a huge army of massively paid "consultants" from companies like Deloitte doing the most menial of tasks. Morale is horrendous.

Viewing 169 - 171 of 28,236 Reviews

Glassdoor has 36,637 HSBC reviews submitted anonymously by HSBC employees. Read employee reviews and ratings on Glassdoor to decide if HSBC is right for you.