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
Feb 23, 2014

HORRIBLE COMPANY TO WORK FOR.

Recommend
CEO approval
Business Outlook

Pros

you gain mortgage knowledge, but once you do just move on to the next company. This is only a stepping stone company be aware you have to use them, because they are only using you.

Cons

If you produce high numbers and actually help clients you become a threat to the Corporate gangster style management. Do not trust them because if you are a threat they will begin the process of setting you up for destruction. Document everything there is and has been said to you. Management only support one another never the agent, remember that, if you do not remember anything DOCUMENT EVERYTHING AND EVERYONE. There is so much nepotism prevalent within the company, management mainly consist of individuals whom are related or in some sort of personal relationship "clicks" HR is designed to protect management like there is an alliance. After working with the company for a significant amount of time they discarded me like trash, even though I was a consistently top performer. (grossing the company over 100K plus monthly and giving them numbers never seen before) and really enhanced the companies brand, and brought back the trust of clients whom where adamant in reference to speaking with me (which management saw as a bad thing). You can not blame the employees for poor production rates within the company because it starts with the management first and they could never lead by example to guide the employee to high production levels. They need managers whom can lead by example and not by observation or politics. If you show your leadership skills and are not apart of the click you WILL become a target. Only use the company as a stepping stone and move on. Individuals whom have been employed here for a substantial amount for time are at the bottom of the rank and lack to show business knowledge (no threat just getting by for a paycheck), personally involved or related to some one within management. Career development is a joke and only offered to selective individuals "clicks". Favoritism is just ridiculous and in your face obvious.

4.0
Feb 20, 2014
Recommend
CEO approval
Business Outlook

Pros

- Outstanding benefits: Very competitive salaries, significant 401k matching, BlueCross/BlueSheild insurance plans, MetLife Dental, ability to work from home (so you never have to burn a sick day), terrific amount of vacation days a year. - CORE Leave: You MUST take 10 consecutive business days off a year. Some firms won't even allow you to do this, but here it is a requirement! - Relatively easy to make lateral moves. You can apply for new positions internally after a year at your current post, or earlier if you have managerial approval.

Cons

- Senior management must not be getting very competitive bonuses, because they are always in and out within a year. - Poor communication between senior management and Group executives in the UK, which result in sudden, "important" projects with EXTREMELY tight deadlines. Constantly. - Who still uses Lotus Notes instead of Outlook? This bank does. - Poor, poor "training." Usually required a few times a year. Wastes of time. - The bank is undergoing some big changes due to the recent AML fines, so there is a lot of cloak and dagger talks with senior management constantly filing in and out of various meetings.

3.0
Nov 17, 2013

Hit or miss depending on department or team.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Safe company in tough times, despite what seems regular cut backs. Funding for staff development has not been cut back. Lots of opportunities as such a huge employer, just need to find the right area for you (something I have not achieved thus far). Generally a good overall culture.

Cons

Very bad management in many areas. Development plans are encouraged within team, but then very rarely lead to promotion. Salary below market rate on average across group. Expenses constantly cut back for Shareholders and profits, but nothing seems to be re-invested in company. End of year rating system with set benchmarks for each grade is flawed.

Viewing 226 - 228 of 28,267 Reviews

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