The highest average salaries go to VPs of Risk Management, who bring in close to $157K per year, though Compliance Managers are not far behind at $120K along with VPs of Sales ($120K) and Relationship Managers (around $78K). With salaries averaging about $55K, Business Operations Managers are among the lowest paid at HSBC.
When it comes to location, the highest average paycheck (approximately $128K annually) can be spotted in Chicago, Ill.; San Francisco, Calif. (about $125K), New York, N.Y. (around $112K), and Miami, Fla. ($88K) are the next top-paying cities. Tampa, Fla. is one of the lowest-paid cities, with earnings averaging approximately $69K. By state, New Jersey offers the highest pay at $133K per year.
Years of Experience
Between the one and five year mark, median pay is $68K annually. Respondents who have been working for five to nine years make $87K per year on average. Overall, the greater share of HSBC folks have 10-19 years of experience and earn an average approximately $91K annually.
Certifications and Degrees
Being a Chartered Financial Analyst certainly has its perks — salaries approach around $140K per year and far exceed the paychecks of those without certification. Project Management Professionals with credentials can live quite comfortably; median salaries come in at $125K annually. Employees who have a Master of Business Administration (MBA) make the most here, hauling in $187K per year.
In this position, it pays to have Risk Management / Risk Control in your toolkit; employees who claim proficiency enjoy a higher median salary of about $131K annually. A common skill in HSBC's work force is Customer Relationship Management; close to one-eighth of survey participants report using it on the job. Other skills in demand are Microsoft Excel, Sales, and Data Analysis.
Benefits and Perks
A fair number of respondents plan for retirement by taking advantage of the company-sponsored 401(k) program. HSBC provides health insurance to the vast majority of respondents, and a strong majority of workers do receive dental coverage. Additional benefits of working here are tuition reimbursement, a company cell phone, a stock purchase plan, life insurance, and a casual working environment.