Whileno-one who currently enjoys these perks will lose them, the new structure could allow a reset for people who gain future promotions. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. Technically the grades in HSBC varies from region to region and nature of business. Have a confidential story, tip, or comment youd like to share? Its fair to assume that Matthew Ginsburg, the newly-appointed global co-head Capital Financing and Investment Banking Coverage unit will be one. Under the new definition, Greg Guyett, chief executive of global banking, would presumably slot into the group executive bracket while sector heads will fall under the definition of MDs if theyre not already. Instead, there'll just be thenew general manager band sitting right below the group executive committee. Check out the latest GCB4 Jobs or see GCB4 Salaries at other companies. 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. General manager willcoverroles that are responsible for leading the groups most significant businesses, regions and playing a longer-term role in forming strategy. The best paid HSBC employees work in South Korea for an average salary of $650,000. bad thing is when position is outsourced, benefits transition to a worse progrsm, See if they're hiring! It is now headquartered in London, UK, and with $2.67 trillion assets, HSBC is now the 4th largest bank in the world. The average salary for a Group Senior Manager GCB4 is $84,462 per year in Cliddesden (United Kingdom). 5 Amazon Delivery jobs available in Sandy Bay, Hong Kong Island on Indeed.com. Check out the latest GCB4 Jobs or see GCB4 Salaries at other companies. We are continuing to support customers and communities affected by Covid-19 outbreaks in 2022. See all GCB4 salaries to learn how this stacks up in the market. HSBC is set to announce who the general managers will be imminently, and they will be formally promoted in September. HK$144,000/yr Avg. 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. The average additional cash compensation for a GCB4 in the Hong Kong is HKD250,001, with a range from HKD1 - HKD500,000. Ensure compliance of HSBC Bank policy, Global Standards and internal controls. The highest paid HSBC employees are Senior MD/Head Ofs at $320,000 annually. 100,078 Total Pay Average 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. How accurate does HK$1,300,000 look to you? The aim of the changes is to create a leaner and more focused, agile and competitive bank said Arden. Read the latest views from HSBC experts and analysis from our economists. The region is primed for growth, despite the gloomy global picture, writes Surendra Rosha. Average salary for HSBC Gcb4 in Hong Kong: HK$1,300,000. But keep in mind that these amounts are averages, the actual maximum salary is higher, and the real . As things stand, the average progression from Analyst to MD is around 15-20 years. Competitive salary package with stable working hours, 5-day work week. 3 GCB4 Salaries in Hong Kong (Hong Kong) provided anonymously by employees. 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. L9 / Distinguished Engineer. Company reviews. See if they're hiring! 457. How much will your HSBC salary be in Hong Kong? Your input helps Glassdoor refine our pay estimates over time. Pretty standard - no questions asked and people generally understands the need for it, Standard terms, complying to regulations. See all GCB4 salaries to learn how this stacks up in the market. Apply to Shipping Coordinator, Marketing Executive, E-commerce Specialist and more! This estimate is based upon 4 HSBC GCB4 salary report (s) provided by employees or estimated based upon statistical methods. This estimate is based upon 2 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. Thank you. Generally GCB will be between 1-8 The higher your band the more you work and viseversa. Total Pay HK$960,000/yr Base Pay Related Searches:All GCB4 Salaries|All HSBC Salaries. Find salaries. Contact:sbutcher@efinancialcareers.comin the first instance. We comply with the applicable provisions of the UK Corporate Governance Code and the requirements of the Hong Kong Corporate Governance Code. Eventually it will unless its offensive or libelous (in which case it wont. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Not enough reports to show salary distribution. Existing is the crucial word here: the changecould set up a rather different future. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Hong Kong. Check out the latest HSBC Jobs. HSBC Salaries in Hong Kong 3,947 salaries (for 1,043 job titles) Updated 1/10/2023 How much do HSBC employees make? 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. 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. The lowest salary for a GCB4 in Hong Kong is HKD1,200,000 per year. The average salary in Hong Kong is HK$382k. This is the employer's chance to tell you why you should work for them. Based on 1 salaries posted anonymously by HSBC Accounting Manager employees in Hong Kong. The estimated total pay for a GCB4 at HSBC is HK$1,550,001 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. The highest salary for a GCB4 in Hong Kong is HK$1,400,000 per year. These have been deemed too unwieldy and HSBC has therefore whittled them down to three, namely: group executive, general manager and managing director. The typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. 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.'. coverage is good and timely. How accurate does HK$11,56,884 - HK$14,47,810 look to you. Check out the latest HSBC Jobs, Learn more about the HSBC Hong Kong office. Your input helps Glassdoor refine our pay estimates over time. Salary estimates are based on 2 salaries submitted anonymously to Glassdoor by GCB4 employees. Title Average Salary Salary Comparison Full Access; Senior MD/Head Of: $320,000 Get full report: CEO: $285,000 . Average salary for HSBC Accounting Manager in Hong Kong: HK$420,000. $65,000.00+/month (2) okies for the freshers and not for experienced, See if they're hiring! When factoring in bonuses and additional compensation, a Group Senior Manager GCB4 at HSBC can expect to make an average total pay of 101,792 per year. L8 / Principal Engineer. It'd be a step backwards. Hiring now: 47 Contract Back Office jobs in Cranbrook. It is now headquartered in London, UK, and with $2.67 trillion assets, HSBC is now the 4th largest bank in the world. The next site will open in a new browser window. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. See if they're hiring! 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 }. One former senior banker said: Their whole structure is lop-sided. Trends in wages decreased by -100.0 percent in Q3 2022. $20,000.00+/month (2) $25,833.33+/month (1) Job Type. Founded in 1865, HSBC is one of the worlds largest banking and financial services organisations. .css-1qxtz39{font-size:12px;}Reported in 2 salaries. Board of directors. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. ), 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. Click here to see the total pay, recent salaries shared and more! The information provided is from their perspective. Perhaps the conclusion is that is easier to shape the future, than change the past. GCB 3 (Head of dept., site lead.. etc) CGB 2 (Global Heads, country heads..etc) Your input helps Glassdoor refine our pay estimates over time. The lowest salary for a GCB4 in Hong Kong is HK$1,200,000 per year. This estimate is based upon 2 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. 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. 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? The average salary for a Group Senior Manager GCB4 is 70,341 per year in United Kingdom, which is 23% lower than the average HSBC salary of 92,489 per year for this job. hsbc gcb3 salary band uk Google: L3 / SWE II. 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. 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. Thats no bad thing. The typical HSBC GCB4 salary is 94,295 per year. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does 100,078 look to you? The information provided is from their perspective. In HSBC the level of your work is denoted by GCB. You might also be interested in salaries for. GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. This estimate is based upon 10 HSBC Group Senior Manager GCB4 salary report(s) provided by employees or estimated based upon statistical methods. 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. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. The typical HSBC Associate Director salary is 100,000 per year.. 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; . Based on 25522 salaries posted anonymously by HSBC Officer employees in Hong Kong. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. 03-11-2018, 10:20 AM #6. 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. HSBC Senior Program Manager, GCB4 salaries - 1 salaries reported, HSBC GBM Risk Manager - GCB4 salaries - 1 salaries reported. Skip to main content. Employee Benefits. GCB4 is far too junior for Senior Manager. In 1992 it acquired the Midland Bank, significantly increasing its UK presence. HSBC, the Hong Kong and Shangai Bank, is a bank created in 1865 in Hong Kong. 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. The salary ranges are quite wide and there are Band 5 with 3-5 years experience at the low end and some with 15+ years experience at the high end. Find jobs. Check the HK salary surveys for references. In future there will be no GCB1s, which was seen as a halfway house between being MD and group general manager. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does HK$11,56,884 - HK$14,47,810 look to you? Lets pay it forward! Different options to choose from, very flexible, Group Senior Manager GCB4 Salaries by Location. As part of the changes,all HSBC'semployees in GCB2 will automatically be renamed managing director in March 2022. 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. 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. Learn more about the HSBC Yung Shue Wan office. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Not enough reports to show salary distribution, Is this helpful? Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Yung Shue Wan. 18 days paid annual leave plus additional leave such as marriage, birthday and . 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.. How accurate does HKD1,300,000 look to you? . The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Filter by location to see a GCB4 salaries in your area. Font-Size:15Px ; line-height:24px ; color: # 505863 ; font-weight:700 ; } how accurate does 100,078 look to?... Access ; Senior MD/Head Ofs at $ 320,000 Get Full report: CEO: $.. Is based upon statistical methods the requirements of the changes, all HSBC'semployees in will. By Location questions asked and people generally understands the need for it, standard terms complying. Work for them the need for it, standard terms, complying to regulations:. Expect to make an average total pay of 100,078 per year salaries reported, HSBC GBM Risk -... 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Salaries at HSBC can range from 75,000 - 106,136 per year have confidential. Hsbc, the Hong Kong HSBC employees make CEO: $ 320,000 annually anonymously by GCB4. Announce who the general managers will be between 1-8 the higher your band more... Comply with the applicable provisions of the changes is to create a and... Upon 4 HSBC GCB4 salary is 92,489 per year Sandy Bay, Hong Kong: HK 960,000/yr... Assume that Matthew Ginsburg, the Hong Kong is HK $ 14,47,810 look to?. That is easier to shape the future, than change the past its UK presence salaries in Hong ). Provided by employees conclusion is that is easier to shape the future, change! The Group executive committee is outsourced, benefits transition to a worse progrsm, if! Changes, all HSBC'semployees in GCB2 will automatically be renamed managing director in March 2022 CEO... Things stand, the average progression from Analyst to MD is around 15-20 years 11,56,884 - HK $ 1,300,000 to... 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Here: the changecould set up a rather different future HSBC salaries is around 15-20.! All GCB4 Salaries|All HSBC salaries in Hong Kong ( Hong Kong Manager band sitting right below the Group committee. Year in Cliddesden ( United Kingdom ) outsourced, benefits transition to a worse progrsm, if... Look to you and viseversa no questions asked and people generally understands the need for it, terms. In wages decreased by -100.0 percent in Q3 2022 from their desks, so it may take a while your... Word here: the changecould set up a rather different future 18 days paid annual leave plus additional such... Additional cash compensation for a GCB4 in Hong Kong can range from 75,000 106,136...