VPs of Risk Management are awarded the highest paychecks, with compensation nearing $154K annually on average; VPs of Sales are next on the list, bringing in close to approximately $130K, followed by Compliance Managers earning about $122K and Business Development VPs making $110K. Among the lower-paid positions at HSBC are Relationship Managers — the median salary for this role approaches around $70K.
Years of Experience
For those with one to four years of experience, median paychecks reach $69K per year. Five to nine years of work experience seem to result in median wages of about $89K annually. When we consider tenure, a substantial portion of employees (39 percent) have been working for 10-19 years and make $114K per year on average.
When it comes to location, the highest average paycheck ($126K annually) can be spotted in Chicago, Ill.; San Francisco, Calif. (around $125K), New York, N.Y. (approximately $122K), and Jersey City, N.J. ($116K) are the next top-paying cities. On the lower end is Tampa, Fla. at $69K. The highest pay by state can be found in New Jersey, where salaries average out at $116K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Project Management Professionals, who make about $127K annually. Acquiring certification to be a Certified Information Systems Security Professional is rewarded with median pay of around $105K per year. HSBC compensates Master of Business Administration (MBA)-holders the most at $187K annually.
Employees who count Risk Management / Risk Control among their skills enjoy higher pay; the median for this group is approximately $124K per year. A common skill in HSBC's work force is Customer Relationship Management; around an eighth of survey participants report using it on the job. Employees also tend to round out their skills sets with Microsoft Excel, Project Management, and Financial Analysis.
Benefits and Perks
To plan for old age, a fair number of workers maintain savings accounts through the company's 401(k) plan. A large number of employees have health insurance, and benefits for a large number of respondents also include dental insurance. Privileges also include a subsidized cell phone, tuition reimbursement, a casual working environment, a stock purchase plan, and life insurance.