VPs of Sales are the best paid with the average salary hovering at $144K annually; Information Technology Consultants, Information Technology Project Managers, and Banking Branch Managers also rank near the top of the list, pulling in $110K, about $98K, and $98K, respectively. Among the lower-paid positions at HSBC are Senior Financial Analysts — the median salary for this role approaches around $70K.
Years of Experience
Average pay is approximately $88K per year for those with five to nine years of experience. Workers who have been with the company for more than one year but less than five can make about $69K annually on average. The largest slice of the HSBC workforce (38 percent) has been working for 10-19 years and earns, on average, around $107K per year.
When it comes to location, the highest average paycheck (approximately $114K annually) can be spotted in Jersey City, N.J.; New York, N.Y. ($103K), Chicago, Ill. ($99K), and Los Angeles, Calif. ($91K) are the next top-paying cities. Tampa, Fla. is one of the lowest-paid cities, with earnings averaging approximately $65K. The highest pay by state can be found in New Jersey, where salaries average out at $114K per year.
Certifications and Degrees
Salaries approach $107K annually for Chartered Financial Analysts; non-accredited workers make much less. Acquiring certification to be a Project Management Professional is rewarded with median pay of $97K per year. Regarding salaries and education, HSBC pays those with a Master of Business Administration (MBA), Business Administration the most — about $145K.
In this role, the best-paying skill appears to be Regulatory Compliance; individuals who claim it among their capabilities enjoy a higher median salary of around $109K annually. Financial Analysis is considered a run-of-the-mill skill; just under one-fifth of HSBC's people use it regularly. Other skills in demand are Project Management, Microsoft Excel, and Customer Relationship Management.
Benefits and Perks
HSBC sponsors a 401(k) program, and most survey participants use this option to save for their retirement. For almost all employees, benefits include health insurance, and most employees get dental coverage, too. Advantages of working here also include a company cell phone, life insurance, tuition reimbursement, optional telecommute / work from home, and a casual working environment.