Bringing in the most money are VPs of Operations — their earnings average $120K. Business Banking Relationship Managers are a close second at approximately $119K along with Information Technology Consultants ($100K) and VPs of Risk Management (around $100K). Business Analysts at HSBC do not see much in the way of financial compensation and represent one of the lower-paid positions ($65K) at the company.
Median pay is highest in Jersey City (about $107K per year), followed by Chicago ($107K), New York (approximately $99K), and Miami ($76K). Tampa is one of the lowest-paid cities, with earnings averaging $61K. By state, the highest pay levels are found in New Jersey, where the average HSBC employee makes around $107K annually.
Years of Experience
Survey participants who have worked at HSBC for between five and ten years earn about $95K on average. Workers who have been with the company for more than one year but less than five can typically make approximately $64K. Overall, the greater share of HSBC folks have 10-19 years of experience and earn around $101K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Certified Information Systems Security Professionals, who make about $153K. Acquiring certification to be a Certified ITIL Leader is rewarded at $110K annually. HSBC provides the highest financial reward to those with a law degree — these employees rake in $175K per year.
Skill-wise, employees who report Regulatory Compliance as part of the toolkit report the most money, earning $101K on average. Folks here also tend to know Project Management; on the survey, roughly a sixth of workers named it in their skills portfolios. Financial Analysis, Microsoft Excel, and Customer Relationship Management were also reported by many survey participants.
Benefits and Perks
A strong majority of workers save up for retirement through a 401(k) plan. Health insurance is part of the package for almost all workers, and for the greater part of workers, dental coverage is too. Employees can also look forward to a company cell phone, life insurance, tuition reimbursement, a casual working environment, and optional telecommute / work from home.