HSBC Holdings

www.hsbc.com
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HSBC Holdings Reviews

Updated 27 February 2015
Updated 27 February 2015
1,035 Reviews
3.5
1,035 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
HSBC Holdings Chief Executive Stuart T. Gulliver
Stuart T. Gulliver
301 Ratings

Review Highlights

Pros
  • Work-life balance gets much better starting second year when you are more adapted (in 117 reviews)

  • Work from home is always a plus, but you can't always do so (in 25 reviews)


Cons
  • Terrible work life balance for a great deal of the employees (in 37 reviews)

  • Lots of senior management changes and their dedication in investing US is not clear (in 50 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great company going through a rough patch

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings

    Pros

    Great organisation with a solid history and determination to learn from the past

    Cons

    It's too big, it's to big it's to big. Decision making is time consuming and even when taken globally can be very difficult to deliver regionally or locally.

    Advice to ManagementAdvice

    Keep streamlining and focusing on driving through the change agenda. Beware competing compliance teams and competing national regulators

    Recommends
    Negative Outlook
    Approves of CEO
  2.  

    Large bank

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings

    Pros

    Work life balance is good

    Cons

    Sometimes too much laid back

  3.  

    Project Manager (Contractor)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Technical Project Manager in London, England
    Former Contractor - Technical Project Manager in London, England

    I worked at HSBC Holdings as a contractor (more than 5 years)

    Pros

    I was respected for my knowledge and experience and generally treated as one of the permanent team rather than a contractor. People are loyal and committed to doing their job well.

    Cons

    Similar to other large financial institutions - takes ages to get a decision on key changes. Far too much bureaucracy and process which is all about covering backs and ensuring everything can be traced back. Essential for many things of course but not all.

    Advice to ManagementAdvice

    Move things on quicker. Make decisions outside the infrequent cumbersome meetings - if one gets cancelled then its not uncommon for some items to take 4-5 months before a decision or approval is made.

    Recommends
    Neutral Outlook
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  5.  

    Great firm great reputation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Intern in London, England
    Former Intern - Intern in London, England

    I worked at HSBC Holdings as an intern (less than a year)

    Pros

    Everyone knows who HSBC is. It's a great environment, very well managed at all levels. Managers get along with their colleagues, and everyone very much feels a part of the family.

    Cons

    More opportunities to expand capital markets and IBD. These are markets that HSBC can leverage its network for.

    Recommends
    Neutral Outlook
  6.  

    Be proactive and build as much knowledge and skills

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate in London, England
    Current Employee - Associate in London, England

    I have been working at HSBC Holdings full-time (more than 3 years)

    Pros

    As a graduate you will be rotated through various areas, so there is a lot to learn. There is a good cafeteria to eat in, as well as coffee on all the transfer floors. The gym is also quite good. Good internal jobs board. People around you are quite friendly and helpful. Good pension matching scheme.

    Cons

    It's a very large organisation, so culture depends on in which business or function you work. Too many committees, working groups, matrix management, RACI matrices. Lots of people need to be consulted and sign-offs before anything happens. This, combined with under resourcing slows things down.

    Very hierarchical. Senior management will not talk to you, rarely even look you in the eye. They talk only amongst themselves, which doesn't make for the most friendly work environment. Most are building up for their next role. You will learn fast who you can and can't say hello to.

    Very political. The pace of work depends on the relationships people have with each other.

    Advice to ManagementAdvice

    Encourage senior management to interact with line staff. Be more transparent and open to challenge around policies and procedures.

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Quite laid back

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate in London, England
    Current Employee - Associate in London, England

    I have been working at HSBC Holdings full-time (more than 5 years)

    Pros

    Generally the people are quite nice and laid back. It is beneficial especially if you need to complete a qualification such as ACA, CFA or part-time masters.

    Cons

    Things are run pretty inefficiently there and the pay is almost always below the industry's average... They keep pushing for this flat and transparent hierachy, which ultimately means no promotion until you are almost retired. If you have the luck of working in the headquarter, unless a) you work in one of the 3 trading floors and b) you come to work during those god forbidden hours (very early in the morning, very late at night or weekends), fighting for the lift can be quite a nausea experience. In some departments, you will find these obscenely well-paid contractors who don't add much value.

    Neutral Outlook
    No opinion of CEO
  8.  

    I was working near the top of the business in London.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in London, England
    Former Employee - Anonymous Employee in London, England

    I worked at HSBC Holdings full-time (more than 3 years)

    Pros

    Its a less aggressive bank, it retains its people and utilises a more subtle style. Its modus operandi is to be risk averse with the balance sheet which means its highly resilient.

    HSBC cares for its employees and due to its size, can accommodate multiple career moves.

    Cons

    More often than not, the human body knows what its legs, arms, feet, hands eyes etc are doing.

    HSBC is non of this. The individual fiefdoms which make up its global kingdom are majorly silo'd. It not only suffers from massive internal disconnection. The connectors at the top simply do not understand/cannot humanly understand the business underneath.

    One of the main or only reasons HSBC wins business in its investment bank is through the use of its balance sheet and god forbid leading the market in its retail business. If you are happy to just be employed, work here!

    Advice to ManagementAdvice

    By centralising power, you can make quick decisions and try to avoid the moving feast. Though by doing this, you will concentrate too many issues on the few and likely end up in the same position you are now, with fiefdoms vying for resources and capital in the disjointed manner, producing the same lack of AML and fines. HSBC needs to be broken up, or parts of it spun-off, that is the only solution.

    Recommends
    Negative Outlook
  9.  

    Slow and Steady

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at HSBC Holdings

    Pros

    Good people and friendly atmosphere.

    Cons

    Overly bureaucratic and decision by committee culture.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Support in Southampton, England
    Former Employee - Support in Southampton, England

    I worked at HSBC Holdings

    Pros

    Really good place to work
    Nice environment
    Lot of motivation

    Cons

    More employee training and development

    Advice to ManagementAdvice

    Bit more listen to their empoyees

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    very good

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at HSBC Holdings

    Pros

    very good salary and flexible working hours

    Cons

    no bonuses and sometimes have to work overtime

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