Hey Fishes, How much hike can i expect when i am being promoted from a GCB 7 to 6? My Current package is 10.50 and YoE 9 yrs

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GCB 6 can be of 2 types:
1. People Manager
2. IC (SME, Prod support, etc)

Ppl manager role will allow you to have a visibility of the salary of all gcb 7 & 8, sometimes even other gcb 6s as well. Now there is a massive pay disparity at HSBC where some gcb 8s make more money than 7s and some 7s make more money than 6s (IC role staff). Now a manager will have visibility so this and it could lead to unrest and mutiny, which is why a people manager will always make more than the highest earnings gcb 7 or 8 in their department (could be rare exceptions). However the IC gcb 6s are ofter the ones to suffer as they make considerably less when compared to laterally hired gcb 7s or internal transfered gcb 7s.

Expect significant correction if you become a ppl manager and were underpaid as gcb 7. Else, expect peanuts or a flat hike in current, sat around 20% of fixed

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10%

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