HSBC reviews

3.8

72% would recommend to a friend

(28,334 total reviews)
avatar

Georges Elhedery

69% approve of CEO

65% positive business outlook

HSBC has an employee rating of 3.8 out of 5 stars, based on 28,334 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 Finanzas industry (3.7 stars).

Reviews by job title

28K reviews
2.0
Jan 24, 2012
Recommend
CEO approval
Business Outlook

Pros

Solid Benefits and pension plan

Cons

The organization is very large, slow to move. Management does not have an adequate understanding US market. Not a meritocracy at all. Promotions are given to those with most "political collateral" or mindless sheep. Business lines to do not work cohesively. There is no sense of urgency to assists clients. IT functions out of India are hopelessly incompetent . There is no room for creativity , or outside the box thinking. There is no rigor or risk management analysis , when either rolling out a simple product marketing campaign or the purchase of a lending institution.The company has a long history and very poor track record of entering either geographic markets or client segments with shoddy execution and poor metrics of success. The company has zero regard for its employees and staff. Senior management changes are constant, and disruptive to execution and employee moral. Training is very limited and delivered by people who are average performers. An independent thinker, entrepreneurial mindset is not welcome. There is no defined culture It is impossible to "drink the kool aid" because executive management can not agree on a flavor.

3.0
Jan 18, 2012
Recommend
CEO approval
Business Outlook

Pros

- decent (but not great) overall compensation package - huge organization with plenty of upward opportunities (worldwide) - very structured and policy driven (if you like it)

Cons

- SUPER SUPER bureaucratic (10 layers of approvals to buy a roll of toilet paper) - as a result, strategies are very "safe" but the structure kills any innovative idea - guidelines everywhere (supposingly for good corporate governance and encourage best practice sharing but turns out to be excuses for people not to do things and people create long and overly-detailed guidelines just to justify their job and importance) - no support at all from senior management for your career growth. Senior management are smart but they only care about themselves. - yes, there are opportunities to go upwards but you need to work so so hard on your own to build relationships and create opportunities

2.0
Dec 18, 2011
Recommend
CEO approval
Business Outlook

Pros

If you're looking for a overtly "stable" no tension non aggressive place to work - this is it. They do have some of the best HR practices though and are located in civilization as against the dark side of the moon in Hinjewadi!

Cons

If you're looking for speed, learning & world class professionalism - this is NOT the place to be. Plus you need to be an old timer - newbies will find it hard to break through the old boy network as knowing the "right" people is important.

Viewing 619 - 621 of 28,334 Reviews

Glassdoor has 36,766 HSBC reviews submitted anonymously by HSBC employees. Read employee reviews and ratings on Glassdoor to decide if HSBC is right for you.