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.'. L7 / Senior Staff SWE. Answer (1 of 2): GCB refers to Global Career Band. The Board aims to promote the Groups long-term success, deliver sustainable value to our shareholders, and promote a culture of openness and debate. GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. GCB4 salaries at HSBC can range from HK$1,145,496-HK$1,462,314. The highest paid HSBC employees are Senior MD/Head Ofs at $320,000 annually. Check out the latest HSBC Jobs. 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. 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 HSBC the level of your work is denoted by GCB. 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. The aim of the changes is to create a leaner and more focused, agile and competitive bank said Arden. To understand what HSBC istrying to do, look upwards, rather than downwards: its an attempt to cut some of the fat (or at least the differentiation in compensation) from the levels above MD. 18 days paid annual leave plus additional leave such as marriage, birthday and . $20,000.00+/month (2) $25,833.33+/month (1) Job Type. The estimated additional pay is HK$250,001 per year. The information provided is from their perspective. Different options to choose from, very flexible, Group Senior Manager GCB4 Salaries by Location. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does 101,792 look to you? Your input helps Glassdoor refine our pay estimates over time. 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. HSBC is set to announce who the general managers will be imminently, and they will be formally promoted in September. GCB 5 (Avp, senior mgr, etc.) Multiple work locations available across branches in Hong Kong, Kowloon, and New Territories. Related Searches:All GCB4 Salaries|All HSBC Salaries. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by a GCB4 employees in Hong Kong. Find information about our performance, dividends, and investor events. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. 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. HSBC Senior Program Manager, GCB4 salaries - 1 salaries reported, HSBC GBM Risk Manager - GCB4 salaries - 1 salaries reported. It is now headquartered in London, UK, and with $2.67 trillion assets, HSBC is now the 4th largest bank in the world. Build your career at HSBC. They're trying to make people accountable. The next site will open in a new browser window. Average salary for HSBC Officer in Hong Kong: HK$18,500. 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. 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. Learn more about the HSBC Hong Kong office. The average salary in Hong Kong is HK$382k. See all GCB4 salaries to learn how this stacks up in the market. Find thousands of job opportunities by signing up to eFinancialCareers today. One former senior banker said: Their whole structure is lop-sided. Create your profile. Technically the grades in HSBC varies from region to region and nature of business. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. 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. 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. It will be interesting to see if it works.. 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 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. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. okies for the freshers and not for experienced, See if they're hiring! L8 / Principal Engineer. How accurate is this most likely Total Pay range (base + additional) of HK$1M-HK$2M/yr? ), 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. How accurate does HK$11,56,884 - HK$14,47,810 look to you. Your input helps Glassdoor refine our pay estimates over time. This estimate is based upon 4 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. Skip to main content. As part of the changes,all HSBC'semployees in GCB2 will automatically be renamed managing director in March 2022. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. We enable businesses to More. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Hong Kong. Salary Estimate. Average salary for HSBC Gcb4 in Hong Kong: HK$1,300,000. 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. See all GCB4 salaries to learn how this stacks up in the market. This is the employer's chance to tell you why you should work for them. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-SG","id": "div-AdSlot-ld260qeb", "fluid": true }, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role. Its fair to assume that Matthew Ginsburg, the newly-appointed global co-head Capital Financing and Investment Banking Coverage unit will be one. As things stand, the average progression from Analyst to MD is around 15-20 years. 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 }. The average salary for GCB4 is HKD1,300,000 per year in the Hong Kong. Check out the latest GCB4 Jobs or see GCB4 Salaries at other companies. The average salary for a GCB4 is HKD1,300,000 per year in Hong Kong. What salary does a GCB4 earn in Hong Kong? Band 5 is an Associate / Manager level role. This estimate is based upon 4 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. L6 / Staff SWE. The typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. 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.. Apply to Shipping Coordinator, Marketing Executive, E-commerce Specialist and more! The information provided is from their perspective. 457. .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? My career journey with HSBC started in 2019 when I joined the bank . Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Hong Kong. Total Pay Average.css-1f2j16u{cursor:pointer;width:24px;height:24px;}. 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. 100,078 Total Pay Average They have an essential part to play in the net zero transition, writes HSBCs Chris Webb. GCB 4 (VP etc.) Eventually it will unless its offensive or libelous (in which case it wont. The estimated total pay for a GCB4 at HSBC is HK$1,550,001 per year. . - The managing director band will encompass a wide range of roles across layers three to five, said that letter. Based on 25522 salaries posted anonymously by HSBC Officer employees in Hong Kong. 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. The lowest salary for a GCB4 in Hong Kong is HK$1,200,000 per year. It is now headquartered in London, UK, and with $2.67 trillion assets, HSBC is now the 4th largest bank in the world. See Group Senior Manager GCB4 Salaries at other companies. You are leaving HSBC.com. How accurate does HK$1,145,496 - HK$1,462,314 look to you. Apply to Devops Architect, Lead Architect, Network Engineer and more! Average salary for HSBC Accounting Manager in Hong Kong: HK$420,000. .css-1qxtz39{font-size:12px;}Reported in 2 salaries. Skip to main content. 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. But keep in mind that these amounts are averages, the actual maximum salary is higher, and the real . Click here to see the total pay, recent salaries shared and more! Average salaries for HSBC Gcb4: [salary]. In future there will be no GCB1s, which was seen as a halfway house between being MD and group general manager. The national average salary for a GCB4 is HK$1,300,000 per year in Hong Kong. HSBC, the Hong Kong and Shangai Bank, is a bank created in 1865 in Hong Kong. Contact:sbutcher@efinancialcareers.comin the first instance. L4 / SWE III. Title Average Salary Salary Comparison Full Access; Senior MD/Head Of: $320,000 Get full report: CEO: $285,000 . The average salary for a Group Senior Manager GCB4 is $84,462 per year in Cliddesden (United Kingdom). Check the HK salary surveys for references. Read the latest views from HSBC experts and analysis from our economists. The average additional cash compensation for a GCB4 in the Hong Kong is HKD250,001, with a range from HKD1 - HKD500,000. Different options to choose from, very flexible, See if they're hiring! 100,078 Total Pay Average Filter by location to see GCB4 salaries in your area. 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. Your input helps Glassdoor refine our pay estimates over time. Check out the latest HSBC Jobs. Senior independent non-executive Director, Group Company Secretary and Chief Governance Officer. However it goes like this: GCB 8 (entry level) GCB 7 (Asst mgr.,analyst,SME, etc.) How much will your HSBC salary be in Hong Kong? The national average salary for a GCB4 is HK$1,300,000 in Hong Kong. $65,000.00+/month (2) Sign in. Generally GCB will be between 1-8 The higher your band the more you work and viseversa. GCB4 salaries at HSBC can range from HK$11,56,884-HK$14,47,810. 3 GCB4 Salaries in Hong Kong (Hong Kong) provided anonymously by employees. Find jobs. Top HSBC Salaries - By Title . HSBC Salaries in Hong Kong 3,947 salaries (for 1,043 job titles) Updated 1/10/2023 How much do HSBC employees make? 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. 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. The cost of living in Hong Kong is NaN percent lower than the national average. This estimate is based upon 4 HSBC GCB4 salary report (s) provided by employees or estimated based upon statistical methods. . coverage is good and timely. 5 Amazon Delivery jobs available in Sandy Bay, Hong Kong Island on Indeed.com. 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. 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 estimated base pay is HK$1,300,000 per year. Trends in wages decreased by -100.0 percent in Q3 2022. Filter by location to see a GCB4 salaries in your area. hsbc gcb3 salary band uk Google: L3 / SWE II. Find jobs. This is the employer's chance to tell you why you should work for them. This is the employer's chance to tell you why you should work for them. L5 / Senior SWE. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does 100,078 look to you? You might also be interested in salaries for. Whileno-one who currently enjoys these perks will lose them, the new structure could allow a reset for people who gain future promotions. Salary Estimate. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Not enough reports to show salary distribution, Is this helpful? 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. Your input helps Glassdoor refine our pay estimates over time. .css-1qxtz39{font-size:12px;}Reported in 2 salaries. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. How accurate does HKD1,300,000 look to you? Investor information in Chinese - , Shanghai Administration for Industry & Commerce. Below this, it will keep its existing bands that range from GCB3 to 8, where employees designated 8 are the most junior. The region is primed for growth, despite the gloomy global picture, writes Surendra Rosha. bad thing is when position is outsourced, benefits transition to a worse progrsm, See if they're hiring! How accurate does HK$1,300,000 look to you? GCB4 is far too junior for Senior Manager. Check out the latest GCB4 Jobs or see GCB4 Salaries at other companies. HSBC, the Hong Kong and Shangai Bank, is a bank created in 1865 in Hong Kong. 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. 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. Thats no bad thing. Total Pay HK$960,000/yr Base Pay The highest salary for a GCB4 in Hong Kong is HK$1,400,000 per year. GCB 6 (Manager,Associate manager, etc.) When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. The information provided is from their perspective. Find the latest media releases, HSBC news, speeches and award wins. nn 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, . Founded in 1865, HSBC is one of the worlds largest banking and financial services organisations. Your input helps Glassdoor refine our pay estimates over time. Lets pay it forward! Average salary for HSBC Gcb4 in Hong Kong: HK$1,300,000. Your input helps Glassdoor refine our pay estimates over time. Learn more about the HSBC Yung Shue Wan office. 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. This estimate is based upon 2 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. 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. Have a confidential story, tip, or comment youd like to share? We enable businesses to More. 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 . Group Senior Manager GCB4 salaries at HSBC can range from 79,000 - 112,305 per year. We enable businesses to More. This estimate is based upon 4 HSBC GCB4 salary report (s) provided by employees or estimated based upon statistical methods. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Not enough reports to show salary distribution. Perhaps the conclusion is that is easier to shape the future, than change the past. Company reviews. The typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. In 1992 it acquired the Midland Bank, significantly increasing its UK presence. GCB 3 (Head of dept., site lead.. etc) CGB 2 (Global Heads, country heads..etc) L9 / Distinguished Engineer. See if they're hiring! Jonathan Scott-Lee reflects on the opportunity to increase businesses diversity of thought. By the time the official letter was circulated, the reference to those specific layers had disappeared. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. 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). Thank you. Ensure compliance of HSBC Bank policy, Global Standards and internal controls. An employee working in Hong Kong receives an average monthly salary of 36,000 HKD (around USD 4,684 ). Pretty standard - no questions asked and people generally understands the need for it, Standard terms, complying to regulations. 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 salary trends based on salaries posted anonymously by HSBC employees. The national average salary for a GCB4 is HK$1,300,000 in Hong Kong. Group Senior Manager GCB4 salaries at HSBC can range from 79,000 - 112,305 per year. Check out the latest HSBC Jobs, Learn more about the HSBC Hong Kong office. It'd be a step backwards. General manager willcoverroles that are responsible for leading the groups most significant businesses, regions and playing a longer-term role in forming strategy. We comply with the applicable provisions of the UK Corporate Governance Code and the requirements of the Hong Kong Corporate Governance Code. 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. The lowest paid HSBC employees are Junior Operatives at $24,000. 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 typical HSBC Associate Director salary is 100,000 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 GCB4 salary is 94,295 per year. 6 Amazon Delivery jobs available in Shouson Hill, Hong Kong Island on Indeed.com. HK$144,000/yr Avg. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Yung Shue Wan. This estimate is based upon 10 HSBC Group Senior Manager GCB4 salary report (s) provided by employees or estimated based upon statistical methods. Salary estimates are based on 2 salaries submitted anonymously to Glassdoor by GCB4 employees. Existing is the crucial word here: the changecould set up a rather different future. No salaries have been reported for GCB4 at with the selected location and years of experience. Competitive salary package with stable working hours, 5-day work week. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by GCB4 employees in the Hong Kong. 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. Endless possibilities, diverse outlooks. 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. 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. This estimate is based upon 2 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. We appreciate you taking the time to give us feedback. Instead, there'll just be thenew general manager band sitting right below the group executive committee. The highest salary for a GCB4 in Hong Kong is HKD1,400,000 per year. The average salary for a GCB4 is 33,892 per year in United Kingdom, which is 64% lower than the average HSBC salary of 94,295 per year for this job. Company reviews. . Browse Back Office vacancies on a Contract bases now on Jobsite. .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? Additional pay could include bonus, stock, commission, profit sharing or tips. See if they're hiring! Based on 1 salaries posted anonymously by HSBC Accounting Manager employees in Hong Kong. The community relies on everyone sharing , HSBC Senior Program Manager, GCB4 salaries - 1 salaries reported, HSBC GBM Risk Manager - GCB4 salaries - 1 salaries reported. Most HSBC employees using Emolument work in Oman for an average salary of $650,000. Whatsapp/Signal/Telegram also available. See if they're hiring! Hiring now: 47 Contract Back Office jobs in Cranbrook. Total Pay Average.css-1f2j16u{cursor:pointer;width:24px;height:24px;}. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by a GCB4 employees. 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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". Find salaries. The best paid HSBC employees work in South Korea for an average salary of $650,000. 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. Board of directors. The bank says it is creating a simpler leadership framework that makes it less hierarchical the higher up you go. GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. The lowest salary for a GCB4 in Hong Kong is HKD1,200,000 per year. Your input helps Glassdoor refine our pay estimates over time. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. Employee Benefits. 03-11-2018, 10:20 AM #6. How much does a GCB4 make? We are continuing to support customers and communities affected by Covid-19 outbreaks in 2022. 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; . This estimate is based upon 10 HSBC Group Senior Manager GCB4 salary report(s) provided by employees or estimated based upon statistical methods.
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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.'. L7 / Senior Staff SWE. Answer (1 of 2): GCB refers to Global Career Band. The Board aims to promote the Groups long-term success, deliver sustainable value to our shareholders, and promote a culture of openness and debate. GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. GCB4 salaries at HSBC can range from HK$1,145,496-HK$1,462,314. The highest paid HSBC employees are Senior MD/Head Ofs at $320,000 annually. Check out the latest HSBC Jobs. 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. 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 HSBC the level of your work is denoted by GCB. 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. The aim of the changes is to create a leaner and more focused, agile and competitive bank said Arden. To understand what HSBC istrying to do, look upwards, rather than downwards: its an attempt to cut some of the fat (or at least the differentiation in compensation) from the levels above MD. 18 days paid annual leave plus additional leave such as marriage, birthday and . $20,000.00+/month (2) $25,833.33+/month (1) Job Type. The estimated additional pay is HK$250,001 per year. The information provided is from their perspective. Different options to choose from, very flexible, Group Senior Manager GCB4 Salaries by Location. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does 101,792 look to you? Your input helps Glassdoor refine our pay estimates over time. 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. HSBC is set to announce who the general managers will be imminently, and they will be formally promoted in September. GCB 5 (Avp, senior mgr, etc.) Multiple work locations available across branches in Hong Kong, Kowloon, and New Territories. Related Searches:All GCB4 Salaries|All HSBC Salaries. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by a GCB4 employees in Hong Kong. Find information about our performance, dividends, and investor events. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. 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. HSBC Senior Program Manager, GCB4 salaries - 1 salaries reported, HSBC GBM Risk Manager - GCB4 salaries - 1 salaries reported. It is now headquartered in London, UK, and with $2.67 trillion assets, HSBC is now the 4th largest bank in the world. Build your career at HSBC. They're trying to make people accountable. The next site will open in a new browser window. Average salary for HSBC Officer in Hong Kong: HK$18,500. 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. 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. Learn more about the HSBC Hong Kong office. The average salary in Hong Kong is HK$382k. See all GCB4 salaries to learn how this stacks up in the market. Find thousands of job opportunities by signing up to eFinancialCareers today. One former senior banker said: Their whole structure is lop-sided. Create your profile. Technically the grades in HSBC varies from region to region and nature of business. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. 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. 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. It will be interesting to see if it works.. 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 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. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. okies for the freshers and not for experienced, See if they're hiring! L8 / Principal Engineer. How accurate is this most likely Total Pay range (base + additional) of HK$1M-HK$2M/yr? ), 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. How accurate does HK$11,56,884 - HK$14,47,810 look to you. Your input helps Glassdoor refine our pay estimates over time. This estimate is based upon 4 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. Skip to main content. As part of the changes,all HSBC'semployees in GCB2 will automatically be renamed managing director in March 2022. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. We enable businesses to More. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Hong Kong. Salary Estimate. Average salary for HSBC Gcb4 in Hong Kong: HK$1,300,000. 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. See all GCB4 salaries to learn how this stacks up in the market. This is the employer's chance to tell you why you should work for them. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-SG","id": "div-AdSlot-ld260qeb", "fluid": true }, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role. Its fair to assume that Matthew Ginsburg, the newly-appointed global co-head Capital Financing and Investment Banking Coverage unit will be one. As things stand, the average progression from Analyst to MD is around 15-20 years. 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 }. The average salary for GCB4 is HKD1,300,000 per year in the Hong Kong. Check out the latest GCB4 Jobs or see GCB4 Salaries at other companies. The average salary for a GCB4 is HKD1,300,000 per year in Hong Kong. What salary does a GCB4 earn in Hong Kong? Band 5 is an Associate / Manager level role. This estimate is based upon 4 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. L6 / Staff SWE. The typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. 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.. Apply to Shipping Coordinator, Marketing Executive, E-commerce Specialist and more! The information provided is from their perspective. 457. .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? My career journey with HSBC started in 2019 when I joined the bank . Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Hong Kong. Total Pay Average.css-1f2j16u{cursor:pointer;width:24px;height:24px;}. 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. 100,078 Total Pay Average They have an essential part to play in the net zero transition, writes HSBCs Chris Webb. GCB 4 (VP etc.) Eventually it will unless its offensive or libelous (in which case it wont. The estimated total pay for a GCB4 at HSBC is HK$1,550,001 per year. . - The managing director band will encompass a wide range of roles across layers three to five, said that letter. Based on 25522 salaries posted anonymously by HSBC Officer employees in Hong Kong. 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. The lowest salary for a GCB4 in Hong Kong is HK$1,200,000 per year. It is now headquartered in London, UK, and with $2.67 trillion assets, HSBC is now the 4th largest bank in the world. See Group Senior Manager GCB4 Salaries at other companies. You are leaving HSBC.com. How accurate does HK$1,145,496 - HK$1,462,314 look to you. Apply to Devops Architect, Lead Architect, Network Engineer and more! Average salary for HSBC Accounting Manager in Hong Kong: HK$420,000. .css-1qxtz39{font-size:12px;}Reported in 2 salaries. Skip to main content. 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. But keep in mind that these amounts are averages, the actual maximum salary is higher, and the real . Click here to see the total pay, recent salaries shared and more! Average salaries for HSBC Gcb4: [salary]. In future there will be no GCB1s, which was seen as a halfway house between being MD and group general manager. The national average salary for a GCB4 is HK$1,300,000 per year in Hong Kong. HSBC, the Hong Kong and Shangai Bank, is a bank created in 1865 in Hong Kong. Contact:sbutcher@efinancialcareers.comin the first instance. L4 / SWE III. Title Average Salary Salary Comparison Full Access; Senior MD/Head Of: $320,000 Get full report: CEO: $285,000 . The average salary for a Group Senior Manager GCB4 is $84,462 per year in Cliddesden (United Kingdom). Check the HK salary surveys for references. Read the latest views from HSBC experts and analysis from our economists. The average additional cash compensation for a GCB4 in the Hong Kong is HKD250,001, with a range from HKD1 - HKD500,000. Different options to choose from, very flexible, See if they're hiring! 100,078 Total Pay Average Filter by location to see GCB4 salaries in your area. 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. Your input helps Glassdoor refine our pay estimates over time. Check out the latest HSBC Jobs. Senior independent non-executive Director, Group Company Secretary and Chief Governance Officer. However it goes like this: GCB 8 (entry level) GCB 7 (Asst mgr.,analyst,SME, etc.) How much will your HSBC salary be in Hong Kong? The national average salary for a GCB4 is HK$1,300,000 in Hong Kong. $65,000.00+/month (2) Sign in. Generally GCB will be between 1-8 The higher your band the more you work and viseversa. GCB4 salaries at HSBC can range from HK$11,56,884-HK$14,47,810. 3 GCB4 Salaries in Hong Kong (Hong Kong) provided anonymously by employees. Find jobs. Top HSBC Salaries - By Title . HSBC Salaries in Hong Kong 3,947 salaries (for 1,043 job titles) Updated 1/10/2023 How much do HSBC employees make? 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. 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. The cost of living in Hong Kong is NaN percent lower than the national average. This estimate is based upon 4 HSBC GCB4 salary report (s) provided by employees or estimated based upon statistical methods. . coverage is good and timely. 5 Amazon Delivery jobs available in Sandy Bay, Hong Kong Island on Indeed.com. 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. 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 estimated base pay is HK$1,300,000 per year. Trends in wages decreased by -100.0 percent in Q3 2022. Filter by location to see a GCB4 salaries in your area. hsbc gcb3 salary band uk Google: L3 / SWE II. Find jobs. This is the employer's chance to tell you why you should work for them. This is the employer's chance to tell you why you should work for them. L5 / Senior SWE. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does 100,078 look to you? You might also be interested in salaries for. Whileno-one who currently enjoys these perks will lose them, the new structure could allow a reset for people who gain future promotions. Salary Estimate. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Not enough reports to show salary distribution, Is this helpful? 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. Your input helps Glassdoor refine our pay estimates over time. .css-1qxtz39{font-size:12px;}Reported in 2 salaries. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. How accurate does HKD1,300,000 look to you? Investor information in Chinese - , Shanghai Administration for Industry & Commerce. Below this, it will keep its existing bands that range from GCB3 to 8, where employees designated 8 are the most junior. The region is primed for growth, despite the gloomy global picture, writes Surendra Rosha. bad thing is when position is outsourced, benefits transition to a worse progrsm, See if they're hiring! How accurate does HK$1,300,000 look to you? GCB4 is far too junior for Senior Manager. Check out the latest GCB4 Jobs or see GCB4 Salaries at other companies. HSBC, the Hong Kong and Shangai Bank, is a bank created in 1865 in Hong Kong. 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. 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. Thats no bad thing. Total Pay HK$960,000/yr Base Pay The highest salary for a GCB4 in Hong Kong is HK$1,400,000 per year. GCB 6 (Manager,Associate manager, etc.) When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. The information provided is from their perspective. Find the latest media releases, HSBC news, speeches and award wins. nn 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, . Founded in 1865, HSBC is one of the worlds largest banking and financial services organisations. Your input helps Glassdoor refine our pay estimates over time. Lets pay it forward! Average salary for HSBC Gcb4 in Hong Kong: HK$1,300,000. Your input helps Glassdoor refine our pay estimates over time. Learn more about the HSBC Yung Shue Wan office. 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. This estimate is based upon 2 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. 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. Have a confidential story, tip, or comment youd like to share? We enable businesses to More. 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 . Group Senior Manager GCB4 salaries at HSBC can range from 79,000 - 112,305 per year. We enable businesses to More. This estimate is based upon 4 HSBC GCB4 salary report (s) provided by employees or estimated based upon statistical methods. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Not enough reports to show salary distribution. Perhaps the conclusion is that is easier to shape the future, than change the past. Company reviews. The typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. In 1992 it acquired the Midland Bank, significantly increasing its UK presence. GCB 3 (Head of dept., site lead.. etc) CGB 2 (Global Heads, country heads..etc) L9 / Distinguished Engineer. See if they're hiring! Jonathan Scott-Lee reflects on the opportunity to increase businesses diversity of thought. By the time the official letter was circulated, the reference to those specific layers had disappeared. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. 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). Thank you. Ensure compliance of HSBC Bank policy, Global Standards and internal controls. An employee working in Hong Kong receives an average monthly salary of 36,000 HKD (around USD 4,684 ). Pretty standard - no questions asked and people generally understands the need for it, Standard terms, complying to regulations. 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 salary trends based on salaries posted anonymously by HSBC employees. The national average salary for a GCB4 is HK$1,300,000 in Hong Kong. Group Senior Manager GCB4 salaries at HSBC can range from 79,000 - 112,305 per year. Check out the latest HSBC Jobs, Learn more about the HSBC Hong Kong office. It'd be a step backwards. General manager willcoverroles that are responsible for leading the groups most significant businesses, regions and playing a longer-term role in forming strategy. We comply with the applicable provisions of the UK Corporate Governance Code and the requirements of the Hong Kong Corporate Governance Code. 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. The lowest paid HSBC employees are Junior Operatives at $24,000. 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 typical HSBC Associate Director salary is 100,000 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 GCB4 salary is 94,295 per year. 6 Amazon Delivery jobs available in Shouson Hill, Hong Kong Island on Indeed.com. HK$144,000/yr Avg. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Yung Shue Wan. This estimate is based upon 10 HSBC Group Senior Manager GCB4 salary report (s) provided by employees or estimated based upon statistical methods. Salary estimates are based on 2 salaries submitted anonymously to Glassdoor by GCB4 employees. Existing is the crucial word here: the changecould set up a rather different future. No salaries have been reported for GCB4 at with the selected location and years of experience. Competitive salary package with stable working hours, 5-day work week. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by GCB4 employees in the Hong Kong. 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. Endless possibilities, diverse outlooks. 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. 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. This estimate is based upon 2 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. We appreciate you taking the time to give us feedback. Instead, there'll just be thenew general manager band sitting right below the group executive committee. The highest salary for a GCB4 in Hong Kong is HKD1,400,000 per year. The average salary for a GCB4 is 33,892 per year in United Kingdom, which is 64% lower than the average HSBC salary of 94,295 per year for this job. Company reviews. . Browse Back Office vacancies on a Contract bases now on Jobsite. .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? Additional pay could include bonus, stock, commission, profit sharing or tips. See if they're hiring! Based on 1 salaries posted anonymously by HSBC Accounting Manager employees in Hong Kong. The community relies on everyone sharing , HSBC Senior Program Manager, GCB4 salaries - 1 salaries reported, HSBC GBM Risk Manager - GCB4 salaries - 1 salaries reported. Most HSBC employees using Emolument work in Oman for an average salary of $650,000. Whatsapp/Signal/Telegram also available. See if they're hiring! Hiring now: 47 Contract Back Office jobs in Cranbrook. Total Pay Average.css-1f2j16u{cursor:pointer;width:24px;height:24px;}. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by a GCB4 employees. 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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". Find salaries. The best paid HSBC employees work in South Korea for an average salary of $650,000. 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. Board of directors. The bank says it is creating a simpler leadership framework that makes it less hierarchical the higher up you go. GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. The lowest salary for a GCB4 in Hong Kong is HKD1,200,000 per year. Your input helps Glassdoor refine our pay estimates over time. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. Employee Benefits. 03-11-2018, 10:20 AM #6. How much does a GCB4 make? We are continuing to support customers and communities affected by Covid-19 outbreaks in 2022. 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; . This estimate is based upon 10 HSBC Group Senior Manager GCB4 salary report(s) provided by employees or estimated based upon statistical methods.
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