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HSBC Band Progressions

 
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#0 HSBC Band Progressions
 
nation
17.11.17 00:00
 
Anyone have any pointers on the 2 questions below? Question 1:How easy (time, expectations, approval process etc) is it for a current HSBC employees to move up the ranks from Band 4 to Band 3 in the Commercial banking business, technology strategy? Question 2: I'm currently interviewing for a role with HSBC's tech strategy team. Budgets and approvals for this role have been set at Band 4. My interviewees are Band 2 and 1 employees. They like me as a candidate but see me as too senior for Band 4. From my perspective, while it may be a compromise in salary I see great long term potential in this role- I will be building a team from the ground up in an area which is seeing growth and which I am passionate about. If we get to a negotiation stage one of 2 things will happen. Either they will be able to upgrade the role to Band 3 or they will need to be convinced that I will be happy in a Band 4 role for now. If the latter I will need to be clear on performance targets, time frames and expectations for a promotion to Band 3 in say 6/12 months. Anyone have any experience with this, either negotiating a higher band on entry or negotiating a promotion plan? If the latter, I presume the promotion plan will be significantly different to that of a current HSBC employee coming up the ranks? Anyone have any stories they can share?
 
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#0 RE: HSBC Band Progressions
 
Mr Cool
28.11.17 00:00
 
There is no such thing as a band-promotion, as would be common in consultancy. The job has a band and that’s it. To move from GCB4 to GCB3 you would need to apply for and obtain a different job; one that has been graded as GCB3. To get that job you, it would need to be advertised internally and you’d need to out-interview all candidates that apply in an open process. You might be able to do this, but a few words of warning.No one in the bank can give you a GCB4 role with a promise to move you up to GCB3.6-12 months to move from GCB4 to a GCB 3 role is not something I’ve ever seen achieved. 2 years is doable if you work 60+ hours a week and hit every target and have a sponsor.GCB4 is a pretty easy performance level, but performance expectations at GCB3 are a big jump up. There will be GCB3s running small countries!So...you're right - any promotion plan along the lines of "do well and we'll bump you up" would be 100% outside of normal.It is a bank that offers a great deal of opportunity though...
 
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#0 RE: HSBC Band Progressions
 
Tomm
15.02.18 00:00
 
you don't want to go there, it's and old style corporate environment that tries to play cool to attract millennials
 
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#0 RE: HSBC Band Progressions
 
Adnopsis
01.03.18 00:00
 
Typically HSBC India has L8 to L3, I have never seen anyone above L3 often here.GCB8: Assiciate/Analyst. few departments like Investment banking starts from GCB7.GCB7: Assistant Manager/Senior AnalystGCB6: Manager. Often, this can also be the entry level in onshore locations like UKGCB5: Assistant Vice PresidentGCB4: Vice PresidentGCB3: Senior Vice President, usually the Department heads.Apart from these, below are the continuoution of Global bands though not seen often in India.GCB2: Directs of COO, CFO, CIOs of the group.GCB1: Reportees of the CEOGCB0: The Chief Executive.Source: Adnopsis
 
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