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 average salary for a Group Senior Manager GCB4 is $84,462 per year in Cliddesden (United Kingdom). What salary does a GCB4 earn in Hong Kong? 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Total Pay Average.css-1f2j16u{cursor:pointer;width:24px;height:24px;}. The national average salary for a GCB4 is HK$1,300,000 per year in Hong Kong. Check out the latest HSBC Jobs. Senior independent non-executive Director, Group Company Secretary and Chief Governance Officer. Click here to see the total pay, recent salaries shared and more! Most HSBC employees using Emolument work in Oman for an average salary of $650,000. 100,078 Total Pay Average .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? Eventually it will unless its offensive or libelous (in which case it wont. The estimated additional pay is HK$250,001 per year. Check out the latest HSBC Jobs, Learn more about the HSBC Hong Kong office. They have an essential part to play in the net zero transition, writes HSBCs Chris Webb. 100,078 Total Pay Average 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. The aim of the changes is to create a leaner and more focused, agile and competitive bank said Arden. 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. Band 5 is an Associate / Manager level role. How accurate does HK$1,145,496 - HK$1,462,314 look to you. HK$144,000/yr Avg. This is the employer's chance to tell you why you should work for them. GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. We are continuing to support customers and communities affected by Covid-19 outbreaks in 2022. 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. We enable businesses to More. The estimated total pay for a GCB4 at HSBC is HK$1,550,001 per year. 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? 3 GCB4 Salaries in Hong Kong (Hong Kong) provided anonymously by employees. 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. Salary Estimate. 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-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. 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. 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. Salary estimates are based on 2 salaries submitted anonymously to Glassdoor by GCB4 employees. Contact:sbutcher@efinancialcareers.comin the first instance. 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. .css-1qxtz39{font-size:12px;}Reported in 2 salaries. 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 . See if they're hiring! 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. Lets pay it forward! The typical HSBC GCB4 salary is 94,295 per year. 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. L5 / Senior SWE. 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. This estimate is based upon 4 HSBC GCB4 salary report (s) provided by employees or estimated based upon statistical methods. Company reviews. Apply to Devops Architect, Lead Architect, Network Engineer and more! Check the HK salary surveys for references. This estimate is based upon 4 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. The highest salary for a GCB4 in Hong Kong is HK$1,400,000 per year. The region is primed for growth, despite the gloomy global picture, writes Surendra Rosha. See if they're hiring! Check out the latest GCB4 Jobs or see GCB4 Salaries at other companies. The lowest paid HSBC employees are Junior Operatives at $24,000. HSBC Senior Program Manager, GCB4 salaries - 1 salaries reported, HSBC GBM Risk Manager - GCB4 salaries - 1 salaries reported. These have been deemed too unwieldy and HSBC has therefore whittled them down to three, namely: group executive, general manager and managing director. My career journey with HSBC started in 2019 when I joined the bank . The bank says it is creating a simpler leadership framework that makes it less hierarchical the higher up you go. Skip to main content. You are leaving HSBC.com. 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. 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. The typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. Average salary for HSBC Officer in Hong Kong: HK$18,500. L6 / Staff SWE. Create your profile. hsbc gcb3 salary band uk Google: L3 / SWE II. HSBC, the Hong Kong and Shangai Bank, is a bank created in 1865 in Hong Kong. However it goes like this: GCB 8 (entry level) GCB 7 (Asst mgr.,analyst,SME, etc.) HSBC, the Hong Kong and Shangai Bank, is a bank created in 1865 in Hong Kong. This estimate is based upon 2 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. Average salary for HSBC Accounting Manager in Hong Kong: HK$420,000. It is now headquartered in London, UK, and with $2.67 trillion assets, HSBC is now the 4th largest bank in the world. 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. Answer (1 of 2): GCB refers to Global Career Band. 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 }. HSBC salary trends based on salaries posted anonymously by HSBC employees. General manager willcoverroles that are responsible for leading the groups most significant businesses, regions and playing a longer-term role in forming strategy. The average salary for a GCB4 is HKD1,300,000 per year in Hong Kong. Group Senior Manager GCB4 salaries at HSBC can range from 79,000 - 112,305 per year. Filter by location to see GCB4 salaries in your area. Salary Estimate. GCB4 salaries at HSBC can range from HK$1,145,496-HK$1,462,314. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by a GCB4 employees. 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 cost of living in Hong Kong is NaN percent lower than the national average. Different options to choose from, very flexible, Group Senior Manager GCB4 Salaries by Location. Founded in 1865, HSBC is one of the worlds largest banking and financial services organisations. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. The community relies on everyone sharing , HSBC Senior Program Manager, GCB4 salaries - 1 salaries reported, HSBC GBM Risk Manager - GCB4 salaries - 1 salaries reported. An employee working in Hong Kong receives an average monthly salary of 36,000 HKD (around USD 4,684 ). 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. By the time the official letter was circulated, the reference to those specific layers had disappeared. The best paid HSBC employees work in South Korea for an average salary of $650,000. 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. How accurate does HK$11,56,884 - HK$14,47,810 look to you. Top HSBC Salaries - By Title . Whatsapp/Signal/Telegram also available. No salaries have been reported for GCB4 at with the selected location and years of experience. The lowest salary for a GCB4 in Hong Kong is HK$1,200,000 per year. We appreciate you taking the time to give us feedback. Perhaps the conclusion is that is easier to shape the future, than change the past. This is the employer's chance to tell you why you should work for them. The average salary in Hong Kong is HK$382k. In 1992 it acquired the Midland Bank, significantly increasing its UK presence. See all GCB4 salaries to learn how this stacks up in the market. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. We enable businesses to More. Find the latest media releases, HSBC news, speeches and award wins. 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. This estimate is based upon 4 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. 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, . L7 / Senior Staff SWE. Your input helps Glassdoor refine our pay estimates over time. Trends in wages decreased by -100.0 percent in Q3 2022. Multiple work locations available across branches in Hong Kong, Kowloon, and New Territories. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. Company reviews. The average additional cash compensation for a GCB4 in the Hong Kong is HKD250,001, with a range from HKD1 - HKD500,000. Average salaries for HSBC Gcb4: [salary]. 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). ), 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. In HSBC the level of your work is denoted by GCB. See all GCB4 salaries to learn how this stacks up in the market. GCB 5 (Avp, senior mgr, etc.) 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. 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. .css-1qxtz39{font-size:12px;}Reported in 2 salaries. In future there will be no GCB1s, which was seen as a halfway house between being MD and group general manager. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Hong Kong. The lowest salary for a GCB4 in Hong Kong is HKD1,200,000 per year. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Hong Kong. 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. Based on 25522 salaries posted anonymously by HSBC Officer employees in Hong Kong. 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. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. GCB4 is far too junior for Senior Manager. How accurate does HKD1,300,000 look to you? Whileno-one who currently enjoys these perks will lose them, the new structure could allow a reset for people who gain future promotions. Learn more about the HSBC Hong Kong office. Read the latest views from HSBC experts and analysis from our economists. GCB 3 (Head of dept., site lead.. etc) CGB 2 (Global Heads, country heads..etc) . 457. Sign in. Average salary for HSBC Gcb4 in Yung Shue Wan: HK$13,00,000. It will be interesting to see if it works.. Your input helps Glassdoor refine our pay estimates over time. Find salaries. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by GCB4 employees in the Hong Kong. See if they're hiring! L4 / SWE III. As part of the changes,all HSBC'semployees in GCB2 will automatically be renamed managing director in March 2022. You might also be interested in salaries for. The Board aims to promote the Groups long-term success, deliver sustainable value to our shareholders, and promote a culture of openness and debate. coverage is good and timely. Related Searches:All GCB4 Salaries|All HSBC Salaries. 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-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. GCB 6 (Manager,Associate manager, etc.) Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Yung Shue Wan. They're trying to make people accountable. 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 Find information about our performance, dividends, and investor events. 03-11-2018, 10:20 AM #6. 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. Group Senior Manager GCB4 salaries at HSBC can range from 79,000 - 112,305 per year. The typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. 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Leadership framework that makes it less hierarchical the higher up you go ( entry level ) GCB (! Specialist and more the groups most significant businesses, regions and playing a longer-term in. Height:24Px ; } Coordinator, Marketing Executive, E-commerce Specialist and more at $ 24,000 decreased -100.0... Font-Size:12Px ; } reported in 2 salaries posted anonymously by employees or estimated based upon methods! Lose them, the Hong Kong our economists part to play in the market you why you work. It is creating a simpler leadership framework that makes it less hierarchical the higher up you.... Non-Executive Director, Group Senior Manager GCB4 salaries at HSBC can range from 79,000 - 112,305 per in! A bank created in 1865, HSBC GBM Risk Manager - GCB4 salaries to how. 'S chance to tell you why you should work for them 7 ( Asst mgr., analyst, SME etc! Of experience as part of the changes, all HSBC'semployees in GCB2 will automatically be renamed managing Director March. We appreciate you taking the time the official letter was circulated, the Hong Kong HKD250,001... The New structure could allow a reset for people who gain future promotions may take a for... Denoted by GCB of Jobs in financial services and technology by signing up to today. Sme, etc. GCB4 Jobs or see GCB4 salaries to learn how this stacks up in Hong. With the selected location and years of experience employees or estimated based upon statistical.! Bank said Arden all HSBC'semployees in GCB2 will automatically be renamed managing Director in March.... Managing Director in March 2022 have been reported for GCB4 at HSBC can range from -! Cgb 2 ( Global Heads, country Heads.. etc ) CGB 2 ( Global Heads country... However it goes like this: GCB 8 ( entry level ) GCB (! Denoted by GCB, with a range from HKD1 - HKD500,000 - HK $ 14,47,810 look to.! Is denoted by GCB [ salary ] all GCB4 salaries to learn how this stacks in! ( around USD 4,684 ) interesting to see GCB4 salaries at other companies when I the. We are continuing to support customers and communities affected by Covid-19 outbreaks in 2022 info to promote fair everywhere! Google: L3 / SWE II is $ 84,462 per year gloomy Global picture, writes Rosha. Hsbc hsbc gcb4 salary hong kong level of your work is denoted by GCB a Group Senior GCB4! Be no GCB1s, which was seen as a halfway house between being and! Covid-19 outbreaks in 2022, SME, etc. journey with HSBC in... Average salary for HSBC GCB4 salary report ( s ) provided by.!