Banner image for HSBC

Overall employee rating

3.1
Based on 100 reviews
Rating distribution: 0 reviews rated 5 out of 5 stars. 2 reviews rated 4 out of 5 stars. 68 reviews rated 3 out of 5 stars. 30 reviews rated 2 out of 5 stars. 0 reviews rated 1 out of 5 stars.
5
4
3
2
1
Detail Ratings
Work life balance
3.0
Career Growth
3.0
Work flexibility
3.0
Job Security
4.0
Pay and benefits
3.0
Leadership
3.0
Company Culture
3.0
Disclaimer: Reviews on Jobstore are independently submitted by users; we do not guarantee the accuracy or truth of any individual submission. Read more
Software Engineer
2.9
10 July 2026

HSBC's Pay and Benefits Are Just Okay

Working as a Software Engineer at HSBC was an experience. The pay and benefits are just okay for a big corporate bank, especially when you compare it to what's out there in the tech industry.


Pros

The benefits package is pretty decent, especially the healthcare coverage. For a large corporate bank, the 401k match was also a solid perk, which is good for financial planning.


Cons

Honestly, the base salary for Software Engineer positions, especially in the New York City office, just isn't competitive. You'd expect more from a big bank, but it falls short compared to other software development roles.


Advice to Management

Management needs to seriously rethink compensation for technology roles. We can't compete with the tech industry if pay isn't adjusted for market rates, especially in expensive cities like New York.


Ratings by topic
3.0
Work life balance
2.0
Career Growth
3.0
Work flexibility
4.0
Job Security
2.0
Pay and benefits
3.0
Leadership
3.0
Company Culture

Similar reviews
Operations Associate
4.0
5 May 2026
Supportive Culture, Good Stability in Financial Services
Pros: I've enjoyed my time at HSBC. The company culture is supportive, with great colleagues always willing to help. I've had opportunities to learn new skills in financial services, which is good for career development. It's a stable global bank, offering solid job security in a hybrid work setting in New York, NY.
Cons: The approval processes can sometimes feel a bit slow. Also, while learning opportunities are good, career growth into promotions can take longer than expected.
Advice to Management: Consider streamlining some of the internal approval workflows to improve efficiency and help accelerate career progression where possible. Continuing to invest in employee development and growth pathways would be beneficial.
Show more
Senior Financial Analyst
4.0
2 May 2026
Great Flexibility in a Global Banking Role
Pros: The work flexibility at HSBC is excellent, especially with the hybrid work model. It really helps with work-life balance. I appreciate the supportive team and the continuous learning opportunities available, which is key for a Senior Financial Analyst in global banking.
Cons: While career development is there, the promotion process can feel a bit slow sometimes in such a large organization. Also, internal communication could be smoother across different departments.
Advice to Management: Streamline the promotion pathways for high-performing financial professionals and improve cross-departmental communication efficiency.
Show more
Junior Software Engineer
3.9
28 April 2026
Great Place for Learning and Stability in Global Banking
Pros: Working at HSBC as a Junior Software Engineer in London has been great. It's a stable global banking environment with excellent learning opportunities, particularly in financial technology. My colleagues are incredibly supportive, and the hybrid work model really helps with work-life balance.
Cons: On the downside, the promotion process can feel a bit slow, and some internal approval processes are pretty bureaucratic. Clearer communication from senior leadership on strategic direction would also be beneficial.
Advice to Management: Streamline internal approval processes and enhance communication from senior leadership regarding strategic initiatives. This would help teams move faster and feel more aligned.
Show more

Are you sure?

Once you confirm, please note that this action cannot be undone.