VPs of Risk Management rake in the most money, with average earnings of approximately $157K per year; Compliance Managers come in second with average earnings amounting to $122K, while VPs of Sales and Senior Compliance Officers rank near the top as well ($120K and $105K, respectively). Near the bottom at HSBC are Personal Bankers, pulling in an average of just about $57K.
Years of Experience
For those with one to four years of experience, median paychecks reach around $70K annually. Five to nine years of work experience seem to result in median wages of about $100K per year. The largest slice of the HSBC workforce (40 percent) has been working for 10-19 years and earns, on average, around $116K annually.
When it comes to location, the highest average paycheck ($130K per year) can be spotted in Chicago, Ill.; New York, N.Y. ($125K), Jersey City, N.J. ($116K), and San Francisco, Calif. (approximately $95K) are the next top-paying cities. Buffalo, N.Y. is near the bottom for pay at $77K. By state, HSBC pays its New Jersey employees the most; the pay rate there is $116K annually.
Certifications and Degrees
Salaries approach around $140K per year for Certified Public Accountants; non-accredited workers make much less. Acquiring certification to be a Chartered Financial Analyst is rewarded with median pay of approximately $132K annually. It pays to have a Master of Business Administration (MBA) at HSBC — these employees make the most at $187K per year.
The highest-paying skill to have in this role seems to be Risk Management / Risk Control; employees claiming this as part of the toolbox earn a median of about $128K annually. Microsoft Excel is a popular skill in the HSBC workforce; approximately one-seventh of those surveyed report putting it to use in their jobs. Some other standard skills here are Customer Relationship Management, Project Management, and Financial Analysis.
Benefits and Perks
A strong majority of survey participants contribute to 401(k) savings accounts sponsored by the firm. HSBC provides health insurance to a large number of survey participants, and most employees do receive dental coverage. HSBC folks also make good use of a company cell phone, tuition reimbursement, a casual working environment, a stock purchase plan, and optional telecommute / work from home.