VPs of Sales represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $144K per year — though Business Banking Relationship Managers, Information Technology Project Managers, and Banking Branch Managers also do fairly well at about $119K, $98K, and approximately $98K, respectively. With salaries averaging around $65K, Relationship Managers are among the lowest paid at HSBC.
Years of Experience
Workers who have been with the company for more than one year but less than five can make $69K annually on average. Average pay is $89K per year for those with five to nine years of experience. When we consider tenure, a substantial portion of employees (38 percent) have been working for 10-19 years and make around $110K annually on average.
When it comes to location, the highest average paycheck (about $119K per year) can be spotted in Jersey City, N.J.; New York, N.Y. ($103K), Chicago, Ill. ($103K), and Los Angeles, Calif. (approximately $91K) are the next top-paying cities. Approaching the lower end of the pay scale (at $64K) is Tampa, Fla. By state, HSBC pays its New Jersey employees the most; the pay rate there is about $114K annually.
Certifications and Degrees
Monetary compensation comes to $107K per year for Chartered Financial Analysts, far surpassing the earnings of non-credentialed workers. On average, salaries rise to $97K annually for accredited Project Management Professionals. At HSBC, employees who hold a Master of Business Administration (MBA), Business Administration receive the highest salaries at approximately $145K.
In this position, it pays to have Regulatory Compliance in your toolkit; employees who claim proficiency enjoy a higher median salary of around $111K per year. A common skill in HSBC's work force is Financial Analysis; one-sixth of survey participants report using it on the job. Other skills in demand are Project Management, Microsoft Excel, and Risk Management / Risk Control.
Benefits and Perks
A large number of employees report contributing to a 401(k). Almost all respondents can count on health insurance, and most respondents have dental coverage as a benefit. Perks also include a company cell phone, life insurance, tuition reimbursement, optional telecommute / work from home, and a casual working environment.