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      HSBC

      Engaged Employer

      HSBC reviews

      3.8

      72% would recommend to a friend

      (28,250 total reviews)
      avatar

      Georges Elhedery

      69% approve of CEO

      66% positive business outlook

      Ratings by category

      4.1

      Diversity & inclusion

      3.8

      Culture & values

      3.8

      Work/Life balance

      3.7

      Compensation and benefits

      3.6

      Career opportunities

      3.4

      Senior management

      HSBC has an employee rating of 3.8 out of 5 stars, based on 28,250 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 Finance industry (3.7 stars).

      Ratings by demographic groups

      Reviews by job title

      28K reviews
      2.0
      Oct 15, 2009

      HSBC said acquiring Household Finance was "a mistake"

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      HSBC is a global finance corporation with good profits in India and China. In the U.S., they are losing money due to their sub-prime mortgage exposure. Thus they are attempting to save costs by laying-off employees, which as a share-holder is the proper strategy.

      Cons

      The headquarters are moving from London to Hong Kong, to take advantage of the China growth. However, if you are working in the U.S., you are now an "ugly step-child" that headquarters is looking to save costs. The former CEO was fired and a new CEO was sent from the U.K. to make cuts. Thus employees are viewed as a cost and careers are an undue expense. The survivors are wondering when the next cuts will be made.

      4.0
      Oct 15, 2009

      Great

      assistant vice president sales
      Recommend
      CEO approval
      Business Outlook

      Pros

      HSBC was a great place to work with many dedicated people until they closed their Auto Finance Division in August of 2008. Salary's were fair and you were given opportunity to advance if you were interested in relocating. The company encouraged community involment, sharing best practices, and developing new ideas.

      Cons

      Being a London based bank it was decided to move the capital to emerging markets in order to increase returns. After the sub prime crises, the returns in emerging markets were worse than if they had decided to stay in the Auto Finance business in the US. Many good people lost their job. I recieved an email explaining the Auto division was closed. The severence package was poor for the sales department.

      Viewing 28096 - 28098 of 28,250 Reviews
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      Glassdoor has 36,654 HSBC reviews submitted anonymously by HSBC employees. Read employee reviews and ratings on Glassdoor to decide if HSBC is right for you.