HSBC Pay and Benefits are Just Okay
My time at HSBC as a Relationship Manager showed me the pay and benefits are pretty standard, maybe a little behind for a big financial institution. It's not terrible, but it's not a reason to join either.
The health benefits package is solid for a corporate bank in New York City. You get decent medical coverage. The 401k match for retail banking employees isn't bad after a few years.
Base salary as a Relationship Manager feels a bit low for the industry. Bonuses aren't always great, especially if the team doesn't hit big targets. It's tough to feel truly compensated for the effort.
Really look at increasing base salaries for roles like Relationship Manager to stay competitive in the New York City financial services market. Better transparency around bonus structures would help too.