VPs of Sales are the best paid with the average salary hovering at $144K per year; Information Technology Consultants, Information Technology Project Managers, and Banking Branch Managers also rank near the top of the list, pulling in around $110K, approximately $98K, and $98K, respectively. Senior Financial Analysts at HSBC do not see much in the way of financial compensation and represent one of the lower-paid positions (about $70K on average) at the company.
Years of Experience
Between the one and five year mark, median pay is $69K annually. Five to nine years of work experience seem to result in median wages of $88K per year. The largest slice of the HSBC workforce (38 percent) has been working for 10-19 years and earns, on average, around $107K annually.
When it comes to location, the highest average paycheck (approximately $114K per year) can be spotted in Jersey City, N.J.; New York, N.Y. ($103K), Chicago, Ill. ($99K), and Los Angeles, Calif. (about $91K) are the next top-paying cities. Approaching the lower end of the pay scale (at approximately $65K) is Tampa, Fla. The highest pay by state can be found in New Jersey, where salaries average out at $114K annually.
Certifications and Degrees
Monetary compensation comes to around $107K per year for Chartered Financial Analysts, far surpassing the earnings of non-credentialed workers. Project Management Professionals with credentials can live quite comfortably; median salaries come in at $97K annually. HSBC compensates Master of Business Administration (MBA), Business Administration-holders the most at $145K per year.
The highest-paying skill to have may be Regulatory Compliance; employees who claim proficiency also report a higher average salary of about $109K annually. One of the more prevalent skills at HSBC is Financial Analysis, with slightly less than one-fifth considering it a key competency. Other top skills include Project Management, Microsoft Excel, and Customer Relationship Management.
Benefits and Perks
HSBC sponsors a 401(k) program, and a large number of employees use this option to save for their retirement. Perks cover health insurance for nearly all survey participants and dental coverage for a large number of workers. Some other advantages of working at HSBC are a company cell phone, life insurance, tuition reimbursement, optional telecommute / work from home, and a casual working environment.