Not real sure what they are doing - Branch Manager HSBC Employee Review

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.

Explore other reviews about HSBC

5.0
Jun 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Good environment and nice place to work and learn

Cons

nothing else to say the users were excellent

1.0
May 29, 2026
Recommend
CEO approval
Business Outlook

Pros

Never come. All the positions and all area is same terrible. HR official turnover rate reach to 15%, some core hard working positions even can be a higher rate

Cons

They don't respect employees, there's a suit in New York area initiated by previous bankers in 2023. Because they asked for a lot of volunteering work on formal job but never pay

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