HSBC reviews

3.8

72% would recommend to a friend

(28,319 total reviews)
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Georges Elhedery

69% approve of CEO

65% positive business outlook

HSBC has an employee rating of 3.8 out of 5 stars, based on 28,319 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
5.0
Dec 8, 2011
Recommend
CEO approval
Business Outlook

Pros

The bank will allow you to personally develop your skills sets as far as you want to go. It will support you in acquiring all the licenses and registrations that you need. It also has a decent tuition reimbursement program. My particular unit (24 Hour Execution Desk-Chicago) has an excellent desk manager and branch manager. I was treated as a professional and with respect. Insurance benefits weren't bad compared to other shops at which I have worked. I would return to that group in a heart beat (see below).

Cons

When you're receiving company wide e-mails from high ranking bank officers alluding to impending layoffs you should probably give them credence. They announced a 13% across the board head count reduction and I, along w/ one of my colleagues and the Co-Head of North American Futures Sales, were all "separated from the firm" in the same morning. When they want to cut fixed costs competency, a good work ethic, and loyalty didn't really mean much. They didn't offer us a chance to apply for positions in other units in the Chicago area. We have to go on to the company website and apply for those positions ourselves... just like outsiders.

3.0
Dec 7, 2011
Recommend
CEO approval
Business Outlook

Pros

-Not chained to the branch. -Encouraged to network and attend business seminars/functions to earn more business. -Good work/life balance for the most part. -HSBC looks good on a resume (at least for now).

Cons

-HSBC-US Business Banking is slowly but surely becoming widget-focused despite HSBC's preference for higher-end clientele. -Too many different systems, MCD, CSM, CIF, Callidus, etc. -Callidus is a train wreck that reports incentive incorrectly so you are forced to track down what you should be getting paid. If you don't pay close attention, you might not get paid correctly. -Obstructionist, drawn out, laborious, tedious, hours-long account opening procedures. -Extremely intimidated by government regulators. -Ridiculously conservative lending. -Not a good place for most salespeople.

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Glassdoor has 36,744 HSBC reviews submitted anonymously by HSBC employees. Read employee reviews and ratings on Glassdoor to decide if HSBC is right for you.