HSBC reviews

3.8

72% would recommend to a friend

(28,267 total reviews)
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Georges Elhedery

68% approve of CEO

66% positive business outlook

HSBC has an employee rating of 3.8 out of 5 stars, based on 28,267 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
1.0
Oct 24, 2014
Recommend
CEO approval
Business Outlook

Pros

Some managers are awesome and will do their best for their employees but they are few and far between. Opportunity for employment across the UK and globally. Plenty of development opportunities - if you're able to get the time out of the office to go on the course.

Cons

Some managers force out employees they don't personally like (5 since January where I am now) Communication is awful Compensation is probably the worst of any high street bank. They allegedly base it on the average across the high street. Individual teams are so worried about their own little fiefdom and "beating" other teams that they might as well have stuck with incentivised selling. Good employees lose out to employees who interview well but don't have the skills to back up the interview. No promotion based on merit either - which means no promotion essentially unless you don't realise that a branch/department is bad and apply there and no-one else has. Manager will rate you badly because they have lost your employee file. (Seriously. I thought the manager at a previous employer who was trying to get me to help him commit industrial espionage was bad but then I moved branches with you guys and my current manager is worse. At least the other guy could communicate openly and accurately, even if it wasn't always above board.)

4.0
Oct 11, 2014

Worked there less than a year

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

During my time spent there, I found that people are generally less political than at other places and are willing to share and teach. No face-time expected, once you finish you are not needed anymore. Your mileage may vary as I guess that is dependent on the department.

Cons

The company structure is very tall and pretty bureaucratic, so some things may take a while to process. Compensation could be better to be honest

3.0
Sep 29, 2014
Recommend
CEO approval
Business Outlook

Pros

Global company with an excellent brand and the recognition that goes with it. Ambitious in strategy and well positioned in emerging markets.Huge network and potential to leverage this network with clients.

Cons

Not very good at retaining talent as they just don't pay. Mediocrity is in the air and it is hard to differentiate yourself given the lack of reward and incentive culture. They call HSBC the civil service of the banking world. The only people I saw rewarded were those who played the political game or threatened to leave the company. Loyalty was not rewarded and nor hard work. HSBC is not a meritocracy.

Viewing 217 - 219 of 28,267 Reviews

Glassdoor has 36,678 HSBC reviews submitted anonymously by HSBC employees. Read employee reviews and ratings on Glassdoor to decide if HSBC is right for you.