HSBC: history, recruitment process and salaries
HSBC, one of the world's largest banking and financial institutions, serves millions of customers through its three global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets.
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History of HSBC
The name HSBC comes from the Hongkong and Shanghai Banking Corporation Limited. Founded in 1865 on the initiative of Thomas Sutherland, a Scotsman who was then superintendent of the P&O (Peninsular and Oriental Steam Navigation Company), the HSCBC bank was created to facilitate the financing of the growing trade between Europe, India, and China. The aim was to fill the gap left by the lack of local banking institutions in Asia, particularly in Hong Kong and along the Chinese coast.
From the outset, trade finance was at the heart of its local and international activities. By the end of the 19th century, the bank had already become the most influential financial institution in Asia.
Much later, in 1991, HSBC created a new parent company, HSBC Holdings plc, and acquired Midland Bank in 1992. Following this acquisition, HSBC's head office was transferred to London.
HSBC activities
HSBC serves millions of customers through its three global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets, and has a network of subsidiaries in different countries.
The Retail Banking and Wealth Management (RBWM) branch focuses primarily on the French and Greek markets.
Commercial banking activities in France are managed by the CB (Commercial Banking) subsidiary, which operates in France, Spain, Italy, Belgium, the Netherlands, Ireland, Greece, the Czech Republic, and Poland.
The subsidiary responsible for financing, investments and financial markets within HSBC France is known by the acronym GB&M (Global Banking and Markets).
Private Banking in France operates exclusively in France.
The bank's recruitment process
et en cas de retour favorable, le parcours d’intégration peut commencer.
Recruitment processes may differ slightly from program to program, but they all follow a common structure. Candidates must first fill in an online form, then answer questions through video scenarios (estimated duration of these two stages is 1h30).
Once this stage has been completed, the candidate must then take part in another role-play, alternating between written and video responses.
If the candidate's profile is selected, he/she will then be invited to an interview with a manager in the sector in which he/she is applying, where he/she will have to answer several questions.
Finally, the candidate receives a hiring reply, and if the response is positive, the integration process can begin.
Examples of questions you might be asked at the HSBC interview:
- Why choosing HSBC? Interest within the role and company?
- Your views about the current market.
- What is a linear regression?
- Describe your strength and weakness, roles, and responsibility.
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Salaries at HSBC
Salaries at HSBC vary considerably according to position, experience level, responsibility, and geography. However, here are approximate salary ranges for some common HSBC positions, based on general information and estimates:
HSBC's performance in Q1 2023
Listed in London, New York, Hong Kong and Bermuda, the HSBC banking group has announced a +274.8% year-on-year jump in group share net profit for the first quarter of 2023. Over the period January to March 2023, HSBC's group share net profit reached $10.327 billion, compared with $2.755 billion over the same period in 2022. However, it is important to note that HSBC generates most of its profits in Asia.
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