VPs of Sales earn the highest median pay at $144K annually, followed by Business Banking Relationship Managers (around $119K), Information Technology Consultants ($110K), and Information Technology Project Managers ($98K). Senior Financial Analysts make an average approximately $70K, close to the bottom of the company pay scale.
When it comes to location, the highest average paycheck (about $120K per year) can be spotted in Jersey City, N.J.; New York, N.Y. (approximately $101K), Chicago, Ill. ($101K), and Los Angeles, Calif. (around $91K) are the next top-paying cities. Expected earnings are below average (about $61K) in Tampa, Fla., one of the lowest-paid cities. By state, HSBC employees make the most in New Jersey, earning $120K annually on average.
Years of Experience
Between the one and five year mark, median pay is $68K per year. For those who claim five to nine years of work experience, pay on average amounts to $90K annually. The greater proportion of employees (38 percent) report 10-19 years of experience and bring home median pay of $103K per year.
Certifications and Degrees
Certified ITIL Leaders have significantly higher pay than non-accredited workers at approximately $115K annually. Becoming a Project Management Professional can certainly pay off here; those folks make around $98K on average. HSBC compensates Master of Business Administration (MBA), Business Administration-holders the most at $145K per year.
When it comes to skills, Project Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of about $108K annually. Financial Analysis also popped up often in the survey as an important skill; around one in seven of employees surveyed report using it at work. Many workers are also familiar with Microsoft Excel, Customer Relationship Management, and Regulatory Compliance.
Benefits and Perks
For employees looking to save up for their golden years, HSBC provides an optional 401(k) plan, and most survey participants participate. Health insurance comes as part of the deal for the vast majority of respondents, and a large number of survey participants report receiving dental coverage as well. Privileges also include a company cell phone, life insurance, tuition reimbursement, optional telecommute / work from home, and a casual working environment.