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State Street Reviews

Updated 19 April 2018
3,290 reviews

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3.1
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Recommend to a friend
Approve of CEO
State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
1,101 Ratings

3,290 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Great experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at State Street full-time

    Pros

    Very helpful management and colleagues

    Cons

    I did not find anything that did not please me

    Advice to Management

    Great service


  2. Helpful (1)

    "Associate 2"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate II in Edinburgh, Scotland
    Current Employee - Associate II in Edinburgh, Scotland
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at State Street full-time (More than 3 years)

    Pros

    Provides valuable experience when applying to other custodians and banks

    Cons

    Completely unwilling to spend money improving poor and noncompetitive salaries, recruit additional staff to ease intensive workloads, develop outdated and inferior critical business systems, and more recently even upkeep basic colleague amenities. Poor consultation with staff despite a 'speak up listen up' culture. Unable to cope with increased staff turnover and appalling replacement measures in place.

    Advice to Management

    Listen very carefully to feedback from staff on the floor and escalate as high as possible the serious state of affairs currently being experienced.

  3. "I would would not .. just saying"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Edinburgh, Scotland
    Former Employee - Anonymous Employee in Edinburgh, Scotland
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at State Street full-time (More than a year)

    Pros

    Salary is the only good thing

    Cons

    The least respectful and most insecure place I have ever worked. Some Management are mean and horrible to subordinates and peers alike and it goes unchallanged. And to add to the drama they are actually clueless but know how to work it with the right people.

    Advice to Management

    None. They think they are too superior to need any advice. I only give advice to those open to the possibilties.


  4. "Global Specialist level 1"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    International environment, possibility of internal mobility, possibility of working only using english

    Cons

    lack of canteen, lack of wifi, some teams with bad working environment, low wages

    Advice to Management

    improve workers conditions to reduce high turnover


  5. "client services associate global services"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time

    Pros

    A relatively big graduate class for asset mgmt firm.

    Cons

    Smoke & mirrors, disorganised graduate programme. Avoid.


  6. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England
    Current Employee - Anonymous Employee in London, England
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at State Street full-time (Less than a year)

    Pros

    good hours and balance of life

    Cons

    no clear career opportunities, middle management trap


  7. "Officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Officer in London, England
    Current Employee - Officer in London, England
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at State Street full-time (More than 8 years)

    Pros

    The cheque clears every month on time.

    Cons

    Poor salary, Lack of career advancement, don't feel involved, management destroy motivation, lack of tools to do job effectively, management always demanding more for less.

  8. "Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at State Street full-time

    Pros

    Good expat contracts, some great managers.

    Cons

    Glass celling, limited automations, global firm

    Advice to Management

    More innovation, listening to lower management, better understanding of market


  9. "SSGA / IMS is NOT a meritocracy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Portfolio Analyst in London, England
    Current Employee - Senior Portfolio Analyst in London, England
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at State Street full-time (Less than a year)

    Pros

    -Good exposure to fund transitions and close contact with the portfolio managers so you learn quite a lot to begin with

    Cons

    -Salaries significantly below market rate
    -The team purposefully kept understaffed by 2-3 members of staff to save money
    -Long hours needed because of the above and no reward for it - either verbal or in terms of remuneration
    -Bonuses are appalling - less than 5%
    -Promotions and pay rises are made based on years of service rather than how good somebody is or how hard they work. SSGA is NOT a meritocracy! This is not an efficient way to run a business - it incentivises those who are not very good and who work 9-5 to stick it out for the long haul while talented individuals become disgruntled and leave as they are under-appreciated
    -I was given a (long overdue) modest pay rise due to several senior members of staff leaving in a short space of time and my workload effectively doubling - this pay rise took 3 months to come into effect which doesn’t make an overworked employee feel valued!
    -SSGA does not invest in good systems so everything takes longer than it should, which again, means you have to stay late to compensate for them. SSGA save money on the systems and save money on not paying overtime...and it’s not like the bonus makes up for it
    -No centralised Xmas party - on the rare occasion where there is one, you’ll have to pay £15 towards it.

    Advice to Management

    -Acknowledge good members of staff and stop the talent flight!
    -Either invest in good systems or pay staff better to compensate. Ideally both but you can’t have everything


  10. "Senior Portfolio Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Portfolio Analyst in London, England
    Current Employee - Senior Portfolio Analyst in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at State Street full-time (More than a year)

    Pros

    Flexible working hours. Great benefits package. Ability to study. Culture is very inclusive and many different working groups. The people working there . Approachable management

    Cons

    Lower salary than many similar companies in the same industry. Less holiday allowance each year.


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