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Overall employee rating

3.0
Based on 94 reviews
5
4
3
2
1
Detail Ratings
Work life balance
3.0
Career Growth
3.0
Work flexibility
3.0
Job Security
4.0
Pay and benefits
3.0
Leadership
3.0
Company Culture
3.0
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Software Engineer
2.9
10 July 2026

HSBC's Pay and Benefits Are Just Okay

Working as a Software Engineer at HSBC was an experience. The pay and benefits are just okay for a big corporate bank, especially when you compare it to what's out there in the tech industry.


Pros

The benefits package is pretty decent, especially the healthcare coverage. For a large corporate bank, the 401k match was also a solid perk, which is good for financial planning.


Cons

Honestly, the base salary for Software Engineer positions, especially in the New York City office, just isn't competitive. You'd expect more from a big bank, but it falls short compared to other software development roles.


Advice to Management

Management needs to seriously rethink compensation for technology roles. We can't compete with the tech industry if pay isn't adjusted for market rates, especially in expensive cities like New York.


Ratings by topic
3.0
Work life balance
2.0
Career Growth
3.0
Work flexibility
4.0
Job Security
2.0
Pay and benefits
3.0
Leadership
3.0
Company Culture

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HSBC Pay and Benefits are Just Okay
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