HSBC reviews

3.8

72% would recommend to a friend

(28,246 total reviews)
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Georges Elhedery

69% approve of CEO

66% positive business outlook

HSBC has an employee rating of 3.8 out of 5 stars, based on 28,246 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
Feb 7, 2011
Recommend
CEO approval
Business Outlook

Pros

Being a global company has some great perks, none greater than deep pockets. Even though North America has been hemorrhaging, emerging markets have kept the company going.

Cons

There are no growth opportunities unless you are willing to check in your integrity at the door. Performance uses forced rankings and HR in its infinite wisdom decided that a team of 10 can only have 2 good performers so regardless of actual accomplishments, they are rated low. Promotions, bonuses and raises are based on rating, which is good in theory but in this case just goes to brown nosers.

2.0
Jan 22, 2011
Recommend
CEO approval
Business Outlook

Pros

HSBC is a great place to work if you are in a back office in Buffalo. Your life is good, the cost of living is low, and saying you work at HSBC turns heads. Your peers aren't high flyers, the unemployment rate in Western New York is sky high, but hey, you have a secure job...Chances are you are a legacy employee from one of the local regional banks HSBC bought to expand. For everyone else, at least there is name recognition and HSBC's international reach does mean you can offer a suite of products other banks can only dream of offering.

Cons

If you work at HSBC in New York or DC its a pressure cooker. People actually expect things out of a major International Bank, and they are in shock when they hit all the limitations HSBC has in the USA. The systems are archaic, and many of your international customers will come with stories about how wonderful HSBC was in Hong Kong/Saudi Arabia/pick an emerging market HSBC actually cares about. You are bound to disappoint them with HSBC USA. The terrible customer service isn't really the employee's fault. The systems are primitive and middle management seem to think the way to fix it is adding additional layers of primitive manual systems. (I suspect senior management has no idea this is the case) This means doing things takes twice as long as at other banks, so folks are always overworked and pissy. Add to that the lackadaisical attitude and terrible internal customer service and internal support you get from back offices in Buffalo and it makes for very unhappy Branch Personnel. If you are lucky enough NOT to work at a branch, you are still stuck dealing with your clients' shock at how poorly they were treated at the branch. Additionally, the Online Banking is awful as are Credit Cards and Mortgages. Suffice to say I stopped using my HSBC Credit Card soon after arriving at the bank.

1.0
Jan 20, 2011
Recommend
CEO approval
Business Outlook

Pros

Work Life balance 95% Managers won't shout at you In India at 4 year completion you get INR 85K On site opportunities

Cons

Brand name all over the world Not the place for people with passion to learn. Won't learn anything great from a technical point of view Work for 5 years in HSBC GLT and become a custom employee of this company; virtually useless for any other tech jobs Managers get lot of management trainings yet useless mostly 80% managers are technically very poor People generally won't share knowledge Company cutting down all major benefits

Viewing 226 - 228 of 28,246 Reviews

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