Thank you. The region is primed for growth, despite the gloomy global picture, writes Surendra Rosha. In HSBC the level of your work is denoted by GCB. 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. 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. Total Pay HK$960,000/yr Base Pay This is the employer's chance to tell you why you should work for them. Lets pay it forward! 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. 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 typical HSBC Group Senior Manager GCB4 salary is 92,489 per year. Salaries estimates are based on 2 salaries submitted anonymously to Glassdoor by a GCB4 employees in Hong Kong. Check out the latest HSBC Jobs. How much does a GCB4 make? Endless possibilities, diverse outlooks. Perhaps the conclusion is that is easier to shape the future, than change the past. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Not enough reports to show salary distribution. How accurate does HKD1,300,000 look to you? This estimate is based upon 10 HSBC Group Senior Manager GCB4 salary report(s) provided by employees or estimated based upon statistical methods. 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. HK$144,000/yr Avg. See all GCB4 salaries to learn how this stacks up in the market. This estimate is based upon 2 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. We enable businesses to More. - The managing director band will encompass a wide range of roles across layers three to five, said that letter. L8 / Principal Engineer. .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? Browse Back Office vacancies on a Contract bases now on Jobsite. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. Your input helps Glassdoor refine our pay estimates over time. Jonathan Scott-Lee reflects on the opportunity to increase businesses diversity of thought. .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? The estimated total pay for a GCB4 at HSBC is HK$1,550,001 per year. The estimated additional pay is HK$250,001 per year. L7 / Senior Staff SWE. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does 101,792 look to you? As things stand, the average progression from Analyst to MD is around 15-20 years. Different options to choose from, very flexible, Group Senior Manager GCB4 Salaries by Location. 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. This estimate is based upon 10 HSBC Group Senior Manager GCB4 salary report (s) provided by employees or estimated based upon statistical methods. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. GCB4 salaries at HSBC can range from 75,000 - 106,136 per year. Ensure compliance of HSBC Bank policy, Global Standards and internal controls. Check out the latest GCB4 Jobs or see GCB4 Salaries at other companies. Based on 2 salaries posted anonymously by HSBC Gcb4 employees in Hong Kong. Apply to Devops Architect, Lead Architect, Network Engineer and more! How accurate does HK$11,56,884 - HK$14,47,810 look to you. Pretty standard - no questions asked and people generally understands the need for it, Standard terms, complying to regulations. 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; . Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. 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.) Different options to choose from, very flexible, See if they're hiring! Filter by location to see GCB4 salaries in your area. 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. Have a confidential story, tip, or comment youd like to share? General manager willcoverroles that are responsible for leading the groups most significant businesses, regions and playing a longer-term role in forming strategy. Average salary for HSBC Accounting Manager in Hong Kong: HK$420,000. 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.. Thats no bad thing. The community relies on everyone sharing , HSBC Senior Program Manager, GCB4 salaries - 1 salaries reported, HSBC GBM Risk Manager - GCB4 salaries - 1 salaries reported. The lowest paid HSBC employees are Junior Operatives at $24,000. The lowest salary for a GCB4 in Hong Kong is HK$1,200,000 per year. We are continuing to support customers and communities affected by Covid-19 outbreaks in 2022. No salaries have been reported for GCB4 at with the selected location and years of experience. Based on 25522 salaries posted anonymously by HSBC Officer employees in Hong Kong. HSBC Salaries in Hong Kong 3,947 salaries (for 1,043 job titles) Updated 1/10/2023 How much do HSBC employees make? ), 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. L5 / Senior SWE. How accurate does HK$1,145,496 - HK$1,462,314 look to you. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. 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. 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. Salary Estimate. Learn more about the HSBC Hong Kong office. Your input helps Glassdoor refine our pay estimates over time. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Your input helps Glassdoor refine our pay estimates over time. Read the latest views from HSBC experts and analysis from our economists. It is now headquartered in London, UK, and with $2.67 trillion assets, HSBC is now the 4th largest bank in the world. Answer (1 of 2): GCB refers to Global Career Band. Skip to main content. In future there will be no GCB1s, which was seen as a halfway house between being MD and group general manager. Whileno-one who currently enjoys these perks will lose them, the new structure could allow a reset for people who gain future promotions. Apply to Shipping Coordinator, Marketing Executive, E-commerce Specialist and more! 18 days paid annual leave plus additional leave such as marriage, birthday and . Find thousands of job opportunities by signing up to eFinancialCareers today. 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 typical HSBC Associate Director salary is 100,000 per year.. 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 . Below this, it will keep its existing bands that range from GCB3 to 8, where employees designated 8 are the most junior. The cost of living in Hong Kong is NaN percent lower than the national average. How accurate does HK$1,300,000 look to you? Top HSBC Salaries - By Title . Additional pay could include bonus, stock, commission, profit sharing or tips. 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. Average salaries for HSBC Gcb4: [salary]. Check out the latest HSBC Jobs. 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. See all GCB4 salaries to learn how this stacks up in the market. When factoring in bonuses and additional compensation, a GCB4 at HSBC can expect to make an average total pay of 100,078 per year. This estimate is based upon 2 HSBC GCB4 salary report(s) provided by employees or estimated based upon statistical methods. Your input helps Glassdoor refine our pay estimates over time. Salary Estimate. The typical HSBC GCB4 salary is 94,295 per year. The next site will open in a new browser window. 03-11-2018, 10:20 AM #6. The highest salary for a GCB4 in Hong Kong is HKD1,400,000 per year. By the time the official letter was circulated, the reference to those specific layers had disappeared. Total Pay Average.css-1f2j16u{cursor:pointer;width:24px;height:24px;}. 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. 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. Check the HK salary surveys for references. An employee working in Hong Kong receives an average monthly salary of 36,000 HKD (around USD 4,684 ). The estimated base pay is HK$1,300,000 per year. 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. Average salary for HSBC Gcb4 in Hong Kong: HK$1,300,000. They're trying to make people accountable. Based on 1 salaries posted anonymously by HSBC Accounting Manager employees in Hong Kong. Find salaries. GCB4 salaries at HSBC can range from HK$11,56,884-HK$14,47,810. . $65,000.00+/month (2) Competitive salary package with stable working hours, 5-day work week. $20,000.00+/month (2) $25,833.33+/month (1) Job Type. This is the employer's chance to tell you why you should work for them. Board of directors. 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.'. The average additional cash compensation for a GCB4 in the Hong Kong is HKD250,001, with a range from HKD1 - HKD500,000. Generally GCB will be between 1-8 The higher your band the more you work and viseversa. See if they're hiring! 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). Founded in 1865, HSBC is one of the worlds largest banking and financial services organisations. We appreciate you taking the time to give us feedback. As part of the changes,all HSBC'semployees in GCB2 will automatically be renamed managing director in March 2022. Check out the latest HSBC Jobs, Careers at HSBC Throughout our history we have been where the growth is, connecting customers to opportunities. 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. L9 / Distinguished Engineer. Find jobs. GCB 3 (Head of dept., site lead.. etc) CGB 2 (Global Heads, country heads..etc) Trends in wages decreased by -100.0 percent in Q3 2022. 100,078 Total Pay Average Filter by location to see a GCB4 salaries in your area. 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 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-CA","id": "div-AdSlot-ld260nln", "fluid": true }. 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. Check out the latest HSBC Jobs, Learn more about the HSBC Hong Kong office. 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.