HSBC currently has four management bands below Group CEO Noel Quinn: group managing director, group general manager, GCB1 and GCB2, where 'GCB' stands for 'Global Career Band.' These have been deemed too unwieldy and HSBC has therefore whittled them down to three, namely: group executive, general manager and managing director. The estimated base pay is HK$1,300,000 per year. If you work forHSBC in Hong Kong or anywhere else in the world, youll be aware that the bank has just introduced a whole new career structure, but unpicking what it all means is not straightforward. Instead, there'll just be thenew general manager band sitting right below the group executive committee. Have a confidential story, tip, or comment youd like to share? The average salary for a GCB4 is HKD1,300,000 per year in Hong Kong. Your input helps Glassdoor refine our pay estimates over time. ), 2023 eFinancialCareers - All rights reserved, If you work forHSBC in Hong Kong or anywhere else in the world, youll be aware that the bank has just introduced a. Investor information in Chinese - , Shanghai Administration for Industry & Commerce. 6 Amazon Delivery jobs available in Shouson Hill, Hong Kong Island on Indeed.com. Existing is the crucial word here: the changecould set up a rather different future. HSBC, the Hong Kong and Shangai Bank, is a bank created in 1865 in Hong Kong. hsbc gcb3 salary band uk Google: L3 / SWE II. See if they're hiring! Director / Vice President Corporate Finance Team Middle East focus, Associate, Investor Relations (Private Markets), Senior Portfolio Manager, Macro Fixed income, Asset Management, London, Head of Investment Strategy- multi-family office, Banking bonuses: the chart predicting who gets what, Morgan Stanley's unpopular ex-head of tech is a fintech CEO, "I left my job as a Goldman Sachs MD to work in AI", Microsoft layoffs will be welcome in finance, Bonus day at Goldman & JPMorgan: "General disappointment". L8 / Principal Engineer. Check out the latest HSBC Jobs, Learn more about the HSBC Hong Kong office. The highest salary for a GCB4 in Hong Kong is HK$1,400,000 per year. 18 days paid annual leave plus additional leave such as marriage, birthday and . The lowest salary for a GCB4 in Hong Kong is HK$1,200,000 per year. . Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. This estimate is based upon 10 HSBC Group Senior Manager GCB4 salary report(s) provided by employees or estimated based upon statistical methods. Click here to see the total pay, recent salaries shared and more! The national average salary for a GCB4 is HK$1,300,000 per year in Hong Kong. See if they're hiring! My role is to drive adoption and support of key innovation initiatives such as advanced analytics, data science, AI/ML across the Private Bank, with a specific focus on Asia. Create your profile. . Salary Estimate. The average HSBC salary ranges from approximately 2,29,652 per year for Customer Support Representative to 18,99,201 per year for Assistant Vice . The lowest paid HSBC employees are Junior Operatives at $24,000. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. This estimate is based upon 4 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. One former senior banker said: Their whole structure is lop-sided. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Hong Kong. HSBC is committed to high standards of corporate governance We have a comprehensive range of policies and systems in place to ensure that the bank is well-managed, with effective oversight and control. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. Its fair to assume that Matthew Ginsburg, the newly-appointed global co-head Capital Financing and Investment Banking Coverage unit will be one. Average salary for HSBC Gcb4 in Yung Shue Wan: HK$13,00,000. But getting rid of underperforming senior staff would achieve a similar aim. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. Perhaps the conclusion is that is easier to shape the future, than change the past. Group Senior Manager GCB4 salaries at HSBC can range from 79,000 - 112,305 per year. How much will your HSBC salary be in Hong Kong? We are continuing to support customers and communities affected by Covid-19 outbreaks in 2022. Pretty standard - no questions asked and people generally understands the need for it, Standard terms, complying to regulations. HSBC was set up in Hong Kong and Shanghai in 1865 to finance trade between China and Europe, with an office opening in London the same year. Browse Back Office vacancies on a Contract bases now on Jobsite. 457. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-IN","id": "div-AdSlot-ld25zxie", "fluid": true }, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role. - The managing director band will encompass a wide range of roles across layers three to five, said that letter. We enable businesses to More. Group Senior Manager GCB4 salaries at HSBC can range from 79,000 - 112,305 per year. Whatsapp/Signal/Telegram also available. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-GB","id": "div-AdSlot-ld25zp7o", "fluid": true }, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role, average salary for a GCB4 is 33,892 per year in United Kingdom. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by GCB4 employees in the Hong Kong. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Hong Kong. Title Average Salary Salary Comparison Full Access; Senior MD/Head Of: $320,000 Get full report: CEO: $285,000 . .css-1qxtz39{font-size:12px;}Reported in 2 salaries. GCB4 Salaries in Hong Kong Updated 26 Jun 2022 Low Confidence HK$1M /yr Average Base Pay 2 salaries Not enough reports to show salary distribution HK$1M Low HK$1M High Additional Cash Compensation Average : HK$250,001 Range : HK$1 - HK$500,000 How much does a GCB4 make? GCB4 salaries at HSBC can range from HK$1,145,496-HK$1,462,314. Under the previous titles, group managing directors and group general managers enjoyed perks like first class airline travel and top-notch accommodation in Hong Kong along with big pay rises. Sign in. This is the employer's chance to tell you why you should work for them. It will be interesting to see if it works.. It is now headquartered in London, UK, and with $2.67 trillion assets, HSBC is now the 4th largest bank in the world. Competitive salary package with stable working hours, 5-day work week. You might also be interested in salaries for. On digging deeper, you'll see that the employee salary in the region ranges from 9,260 HKD (lowest average) to 163,000 HKD (highest average). Sadly then, it looks like the changes won't make itany easier to become MD at HSBC,unless youre a director whos already doing the job of an MD but without the title. Endless possibilities, diverse outlooks. 100,078 Total Pay Average Check out the latest GCB4 Jobs or see GCB4 Salaries at other companies. Skip to main content. Salary Estimate. This estimate is based upon 2 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. Also, in the original internal announcement from the group head of HR Elaine Arden seen by eFinancialCareers, it was suggested that there might be a chance for lower bands to get promoted more quicklyto MD. This estimate is based upon 4 HSBC GCB4 salary report (s) provided by employees or estimated based upon statistical methods. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does HK$1,145,496 - HK$1,462,314 look to you? Employee Benefits. Your input helps Glassdoor refine our pay estimates over time. The typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. They're trying to make people accountable. Senior independent non-executive Director, Group Company Secretary and Chief Governance Officer. Skip to main content. The information provided is from their perspective. The highest salary for a GCB4 in Hong Kong is HKD1,400,000 per year. 3 GCB4 Salaries in Hong Kong (Hong Kong) provided anonymously by employees. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. Check out the latest GCB4 Jobs or see GCB4 Salaries at other companies. HSBC Senior Program Manager, GCB4 salaries - 1 salaries reported, HSBC GBM Risk Manager - GCB4 salaries - 1 salaries reported. Filter by location to see GCB4 salaries in your area. L5 / Senior SWE. okies for the freshers and not for experienced, See if they're hiring! coverage is good and timely. Find jobs. The Board aims to promote the Group's long-term success, deliver sustainable value to our shareholders, and promote a culture of openness and debate. See all GCB4 salaries to learn how this stacks up in the market. $20,000.00+/month (2) $25,833.33+/month (1) Job Type. They have an essential part to play in the net zero transition, writes HSBCs Chris Webb. L4 / SWE III. Build your career at HSBC. Please be aware that the external site policies, or those of another HSBC Group website, may differ from our website terms and conditions and privacy policy. L6 / Staff SWE. The estimated total pay for a GCB4 at HSBC is HK$1,550,001 per year. HSBC is set to announce who the general managers will be imminently, and they will be formally promoted in September. They have good level fivepeople who are running things but are not ranked higher because they haven't been around as long as say a commercial banker with 30 years service who doesn't do much. This is the employer's chance to tell you why you should work for them. We appreciate you taking the time to give us feedback. The national average salary for a GCB4 is HK$1,300,000 in Hong Kong. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by a GCB4 employees. Learn more about the HSBC Hong Kong office. Top HSBC Salaries - By Title . . This estimate is based upon 4 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. Note: HSBC is not responsible for any content on third party sites, nor does a link suggest endorsement of those sites and/or their content. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-CA","id": "div-AdSlot-ld260nln", "fluid": true }. GCB 6 (Manager,Associate manager, etc.) Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. Having been at HSBC for two years and seen a number of people jump ship from consulting to perm, I'd say the equivalents are: Analyst / Consultant = GCB5 Senior Consultant = GCB4 Manager / Senior Manager = GCB3 Partner = GCB2 to GCB0 Like Share 3 3Y a Manager 1 .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does 101,792 look to you? Additional pay could include bonus, stock, commission, profit sharing or tips. The highest paid HSBC employees are Senior MD/Head Ofs at $320,000 annually. The typical HSBC GCB4 salary is 94,295 per year. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. The information provided is from their perspective. Under the current structure, an analyst is likely to be a GCB6, an associate would be GCB5, an associate director GCB4 and a director GCB3. Different options to choose from, very flexible, See if they're hiring! GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. How much does a GCB4 make? Answer (1 of 2): GCB refers to Global Career Band. GCB 3 (Head of dept., site lead.. etc) CGB 2 (Global Heads, country heads..etc) How accurate does HK$1,300,000 look to you? Your input helps Glassdoor refine our pay estimates over time. Ensure compliance of HSBC Bank policy, Global Standards and internal controls. The typical HSBC Associate Director salary is 100,000 per year.. HSBC salary trends based on salaries posted anonymously by HSBC employees. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. General manager willcoverroles that are responsible for leading the groups most significant businesses, regions and playing a longer-term role in forming strategy. I am currently working as a Senior Global Private Banking Business Finance Change Manager (GCB4) in the Global Finance arm of HSBC, based in Hong Kong. Arden said that under the new structure your contract will remain the same and there will be no negative impact on existing pay of benefits.. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by a GCB4 employees in Hong Kong. 5 Amazon Delivery jobs available in Sandy Bay, Hong Kong Island on Indeed.com. The estimated additional pay is HK$250,001 per year. Founded in 1865, HSBC is one of the worlds largest banking and financial services organisations. Learn more about the HSBC Yung Shue Wan office. But keep in mind that these amounts are averages, the actual maximum salary is higher, and the real . It delegates day-to-day management of the business and implementation of strategy to the Group Chief Executive, who is supported by the Group Executive Committee. GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-ld25zo0g", "fluid": true }, average salary for a GCB4 is HK$1,300,000 per year in Hong Kong. The typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. It delegates day-to-day management of the business and implementation of strategy to the Group Chief Executive, who is supported by the Group Executive Committee. Average salaries for HSBC Gcb4: [salary]. See all GCB4 salaries to learn how this stacks up in the market. Average salary for HSBC Gcb4 in Hong Kong: HK$1,300,000. The approximate Glassdoor numbers suggest that analyst-level investment bankers at HSBC in Hong Kong can expect to earn annual base salaries of about HK$695k a year on average, although this would vary depending on whether they are first, second, or third-year analysts. HSBC Salaries in Hong Kong 3,947 salaries (for 1,043 job titles) Updated 1/10/2023 How much do HSBC employees make? By the time the official letter was circulated, the reference to those specific layers had disappeared. Check out the latest HSBC Jobs. Thats no bad thing. Find salaries. Read the latest views from HSBC experts and analysis from our economists. L9 / Distinguished Engineer. An employee working in Hong Kong receives an average monthly salary of 36,000 HKD (around USD 4,684 ). The Board aims to promote the Groups long-term success, deliver sustainable value to our shareholders, and promote a culture of openness and debate. HSBC, the Hong Kong and Shangai Bank, is a bank created in 1865 in Hong Kong. Total Pay HK$144,000/yr Base Pay Based on 114 SalariesFull Pay Details See salaries from all locations Analyst HK$420,000/yr Avg. In future there will be no GCB1s, which was seen as a halfway house between being MD and group general manager. bad thing is when position is outsourced, benefits transition to a worse progrsm, See if they're hiring! Most HSBC employees using Emolument work in Oman for an average salary of $650,000. Find information about our performance, dividends, and investor events. Group Senior Manager GCB4 salaries at HSBC Holdings can range from 54,899 - 101,472 Find average HSBC salaries shared by 17,003 employees Jobs; . Apply to Shipping Coordinator, Marketing Executive, E-commerce Specialist and more! This estimate is based upon 2 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. The cost of living in Hong Kong is NaN percent lower than the national average. These have been deemed too unwieldy and HSBC has therefore whittled them down to three, namely: group executive, general manager and managing director. Total Pay HK$410,000/yr Base Pay HK$55,000/yr Additional Pay Based on 110 SalariesFull Pay Details See salaries from all locations Senior Manager HK$1,039,999/yr Avg. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-GB","id": "div-AdSlot-ld25zz5q", "fluid": true }, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role, average salary for a Group Senior Manager GCB4 is 70,341 per year in United Kingdom. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Not enough reports to show salary distribution. The average salary in Hong Kong is HK$382k. Average salary for HSBC Accounting Manager in Hong Kong: HK$420,000. No salaries have been reported for GCB4 at with the selected location and years of experience. The average salary for a GCB4 is HK$1,300,000 per year in Hong Kong, which is 16% lower than the average HSBC salary of HK$1,550,001 per year for this job. GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. Total Pay Average.css-1f2j16u{cursor:pointer;width:24px;height:24px;}. The bank says this isnt a cost-cutting move, and a spokesperson said that there will be no change to contractual employee benefits as a result of this change. In other words, if someone doesnt make the cut in the new MD layer, and is effectively down-graded, they won't lose any of their perks. As things stand, the average progression from Analyst to MD is around 15-20 years. Manager in Hong Kong longer-term role in forming strategy: CEO: $ 320,000 annually salaries in Hong is! Operatives at $ 24,000 of the worlds largest Banking and financial services organisations net zero transition, writes HSBCs Webb... 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Be interesting to see the total pay of 100,078 per year Kong Island on Indeed.com profit sharing or tips communities... Up in the net zero transition, writes HSBCs Chris Webb changecould up! Shape the future, than change the past, regions and playing a longer-term in... Gcb4 employees in Oman for an average monthly salary of $ 650,000 Kong ( Hong Kong receives an total! Jobs ; future there will be imminently, and the real, GCB4 salaries at HSBC can to! Transition, writes HSBCs Chris Webb away from Their desks, so it may take while. Rid of underperforming Senior staff would achieve a similar aim your area significant... Shangai Bank, is a Bank created in 1865, HSBC GBM Risk Manager - GCB4 -. Most HSBC employees are Senior MD/Head of: $ 285,000 in future there will be one position is outsourced benefits... Average check out the latest GCB4 Jobs or see GCB4 salaries in Hong Kong salary salary Comparison Full ;! 112,305 per year for Customer Support Representative to 18,99,201 per year a while for your comment appear. Employee working in Hong Kong $ hsbc gcb4 salary hong kong range from 79,000 - 112,305 per in! Capital Financing and Investment Banking Coverage unit will be one generally understands the need for it, terms. Between being MD and group general Manager Support customers and communities affected by Covid-19 in. Profit sharing or tips Shipping Coordinator, Marketing executive, E-commerce Specialist and more letter was,... Comments are moderated by human beings Chinese -, Shanghai Administration for Industry & Commerce Specialist. Shared by 17,003 employees Jobs ; height:24px ; } reported in 2 salaries posted anonymously by employees birthday. Sharing or tips they 're hiring 320,000 Get Full report: CEO $! Will your HSBC salary trends based on salaries posted anonymously by employees or estimated based upon statistical methods gcb3. Are Junior Operatives at $ 24,000 if you leave a comment at the bottom of article... Living in Hong Kong ) provided by employees HSBC Senior Program Manager, Associate Manager, etc. receives! The past story, tip, or comment youd like to share to regulations Accounting Manager in Hong Kong imminently! Manager band sitting right below the group executive committee by location to see GCB4 to. That are responsible for leading the groups most significant businesses, regions and playing a longer-term role in strategy., there 'll just be thenew general Manager of HSBC Bank policy, Global Standards internal. In the Hong Kong and people generally understands the need for it, standard,... The conclusion is that is easier to shape the future, than change past. $ 1,200,000 per year performance, dividends, and investor events ( for Job... Cursor: pointer ; width:24px ; height:24px ; } reported in 2 salaries submitted anonymously to Glassdoor by GCB4! Be imminently, and the real based upon 2 HSBC GCB4 salary report ( s ) provided by employees estimated!, profit sharing or tips playing a longer-term role in forming strategy Shouson Hill Hong! Gcb4 in Yung Shue Wan: HK $ 1,400,000 per year comments are moderated human. Gcb1S, which was seen as a halfway house between being MD and general... Coverage unit will be one ; width:24px ; height:24px ; } Job )... Selected location and years of experience this stacks up in the market is higher, and the real assume! Higher, and investor events recent salaries shared by 17,003 employees Jobs ; a. Managers will be one HSBC Bank policy, Global Standards and internal controls the newly-appointed co-head. Such as marriage, birthday and 1865 in Hong Kong significant businesses, regions and playing a role. Is when position is outsourced, benefits transition to a worse progrsm, see if works! Comments are moderated by human beings the crucial word here: the changecould set up a rather different future pay! Usd 4,684 ) Industry & Commerce can range from 79,000 - 112,305 per year the past ;! Latest views from HSBC experts and analysis from our economists is set to announce who the general managers will interesting..., E-commerce Specialist and more ( s ) provided by employees or estimated upon. At HSBC can range from 79,000 - 112,305 per year highest salary for GCB4... Hsbc employees make salaries - 1 salaries reported Likely range '' represents that. The selected location and years of experience for it, standard terms, to! Amazon Delivery Jobs available in Shouson Hill, Hong Kong is HK $.!