We are continuing to support customers and communities affected by Covid-19 outbreaks in 2022. 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. GCB4 is far too junior for Senior Manager. The highest salary for a GCB4 in Hong Kong is HKD1,400,000 per year. .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? Average salary for HSBC Accounting Manager in Hong Kong: HK$420,000. L5 / Senior SWE. What salary does a GCB4 earn in Hong Kong? This estimate is based upon 10 HSBC Group Senior Manager GCB4 salary report(s) provided by employees or estimated based upon statistical methods. In future there will be no GCB1s, which was seen as a halfway house between being MD and group general manager. Company reviews. HSBC is set to announce who the general managers will be imminently, and they will be formally promoted in September. 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 }. Apply to Shipping Coordinator, Marketing Executive, E-commerce Specialist and more! The average salary for GCB4 is HKD1,300,000 per year in the Hong Kong. The average additional cash compensation for a GCB4 in the Hong Kong is HKD250,001, with a range from HKD1 - HKD500,000. How accurate does HK$11,56,884 - HK$14,47,810 look to you. Instead, there'll just be thenew general manager band sitting right below 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 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. . My career journey with HSBC started in 2019 when I joined the bank . .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does 101,792 look to you? An employee working in Hong Kong receives an average monthly salary of 36,000 HKD (around USD 4,684 ). The average salary for a GCB4 is HKD1,300,000 per year in Hong Kong. Average salary for HSBC Gcb4 in Yung Shue Wan: HK$13,00,000. 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 aim of the changes is to create a leaner and more focused, agile and competitive bank said Arden. 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). 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. 457. Average salary for HSBC Gcb4 in Hong Kong: HK$1,300,000. Perhaps the conclusion is that is easier to shape the future, than change the past. 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.. 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. Average salary for HSBC Officer in Hong Kong: HK$18,500. $65,000.00+/month (2) Answer (1 of 2): GCB refers to Global Career Band. This estimate is based upon 4 HSBC GCB4 salary report (s) provided by employees or estimated based upon statistical methods. We enable businesses to More. We comply with the applicable provisions of the UK Corporate Governance Code and the requirements of the Hong Kong Corporate Governance Code. This estimate is based upon 4 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. 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 Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Have a confidential story, tip, or comment youd like to share? - The managing director band will encompass a wide range of roles across layers three to five, said that letter. The information provided is from their perspective. 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. How accurate does HK$1,145,496 - HK$1,462,314 look to you. Its fair to assume that Matthew Ginsburg, the newly-appointed global co-head Capital Financing and Investment Banking Coverage unit will be one. Average salaries for HSBC Gcb4: [salary]. HSBC Salaries in Hong Kong 3,947 salaries (for 1,043 job titles) Updated 1/10/2023 How much do HSBC employees make? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Not enough reports to show salary distribution. Whileno-one who currently enjoys these perks will lose them, the new structure could allow a reset for people who gain future promotions. . The lowest salary for a GCB4 in Hong Kong is HK$1,200,000 per year. The national average salary for a GCB4 is HK$1,300,000 per year in Hong Kong. Thank you. Total Pay Average.css-1f2j16u{cursor:pointer;width:24px;height:24px;}. How accurate is this most likely Total Pay range (base + additional) of HK$1M-HK$2M/yr? 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 . Your input helps Glassdoor refine our pay estimates over time. In HSBC the level of your work is denoted by GCB. The best paid HSBC employees work in South Korea for an average salary of $650,000. This is the employer's chance to tell you why you should work for them. Based on 25522 salaries posted anonymously by HSBC Officer employees in Hong Kong. Group Senior Manager GCB4 salaries at HSBC can range from 79,000 - 112,305 per year. 18 days paid annual leave plus additional leave such as marriage, birthday and . 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. HK$144,000/yr Avg. Most HSBC employees using Emolument work in Oman for an average salary of $650,000. The estimated additional pay is HK$250,001 per year. .css-1qxtz39{font-size:12px;}Reported in 2 salaries. . As part of the changes,all HSBC'semployees in GCB2 will automatically be renamed managing director in March 2022. This estimate is based upon 10 HSBC Group Senior Manager GCB4 salary report (s) provided by employees or estimated based upon statistical methods. Salary Estimate. 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. Your input helps Glassdoor refine our pay estimates over time. 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. Read the latest views from HSBC experts and analysis from our economists. It will be interesting to see if it works.. GCB 5 (Avp, senior mgr, etc.) bad thing is when position is outsourced, benefits transition to a worse progrsm, See if they're hiring! Average salary for HSBC Gcb4 in Hong Kong: HK$1,300,000. The typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. Salary estimates are based on 2 salaries submitted anonymously to Glassdoor by GCB4 employees. Founded in 1865, HSBC is one of the worlds largest banking and financial services organisations. As things stand, the average progression from Analyst to MD is around 15-20 years. Jonathan Scott-Lee reflects on the opportunity to increase businesses diversity of thought. 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? Salary Estimate. By the time the official letter was circulated, the reference to those specific layers had disappeared. Board of directors. 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. L7 / Senior Staff SWE. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Hong Kong. 6 Amazon Delivery jobs available in Shouson Hill, Hong Kong Island on Indeed.com. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Not enough reports to show salary distribution, Is this helpful? The cost of living in Hong Kong is NaN percent lower than the national average. Multiple work locations available across branches in Hong Kong, Kowloon, and New Territories. See all GCB4 salaries to learn how this stacks up in the market. Find salaries. Check out the latest HSBC Jobs. It'd be a step backwards. Existing is the crucial word here: the changecould set up a rather different future. 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. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Yung Shue Wan. 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. 100,078 Total Pay Average Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by a GCB4 employees in Hong Kong. Sign in. Filter by location to see a GCB4 salaries in your area. Technically the grades in HSBC varies from region to region and nature of business. 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, . HSBC, the Hong Kong and Shangai Bank, is a bank created in 1865 in Hong Kong. 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. 100,078 Total Pay Average Find jobs. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. Learn more about the HSBC Hong Kong office. See all GCB4 salaries to learn how this stacks up in the market. 3 GCB4 Salaries in Hong Kong (Hong Kong) provided anonymously by employees. Your input helps Glassdoor refine our pay estimates over time. The typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. This is the employer's chance to tell you why you should work for them. Set to announce who the general managers will be interesting to see a GCB4 salaries at HSBC can to... - 112,305 per year by a GCB4 in Hong Kong: HK $ 1M-HK 2M/yr! Accurate salary info to promote fair compensation everywhere ; } how accurate is most... 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