State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews in London, England

1,353 Reviews
2.7
1,353 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
438 Ratings

Review Highlights

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 128 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 62 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 39 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 55 reviews)

More Highlights

5 Employee Reviews Back to all reviews

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  1.  

    no real accounting, just data input

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate in London, England (UK)
    Former Employee - Senior Associate in London, England (UK)

    I worked at State Street full-time (more than 5 years)

    Pros

    great learning curve, easy to move teams

    Cons

    hard work doesn't really get appreciated

    Doesn't Recommend
    Positive Outlook
  2.  

    Mixed!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Project Manager in London, England (UK)
    Current Employee - Project Manager in London, England (UK)

    I have been working at State Street

    Pros

    - Work life balance.
    - Strong cost leadership.
    - Acquisitive organisation - opportunities often exist to support integration of target organisations.
    - Opportunities for international travel and relocation exist

    Cons

    - Cost leadership at the expense of effective client support.
    - Aggressive outsourcing of operational functions was completed too quickly, without effective knowledge transfer to JV.
    - Limited specialist knowledge remains within local office.

    Advice to ManagementAdvice

    Cost leadership is all well and good, but don't let cost leadership determine the level of service which you are providing to clients.

    Doesn't Recommend
    No opinion of CEO
  3.  

    Everyone out for themselves for the most part

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Sales & Marketing in London, England (UK)
    Current Employee - Sales & Marketing in London, England (UK)

    I have been working at State Street

    Pros

    Good name in the marketplace
    Generally good products
    Strong emphasis on client satisfaction
    Long term senior managers know product well
    Very revenue focused, will get things done to get prospects onboard

    Cons

    Pay is below market
    Senior managers paid very well, but can be distant and frequently disinterested in careers of employees, but this varies greatly
    Very little guidance at all levels
    Incentive pay is poor
    Does not invest enough in technology
    Does not invest before the market, is not sufficiently flexible responding to marketplace
    Turnover does not bother management
    Most managers are not good at encouragement

    Advice to ManagementAdvice

    Introduce 360 reviews
    Make targets attainable
    Become more flexible in thinking ahead to meet market requirements
    Become less risk adverse as an institution

    No opinion of CEO
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  5. 2 people found this helpful  

    Decent Compensation, Good Benefits, Arthritic Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Managing Director in London, England (UK)
    Former Employee - Managing Director in London, England (UK)

    I worked at State Street

    Pros

    Good Compensation and benefits packages for all employees irrespective of rank, including health care etc.
    International mobility for those that want it

    Cons

    No chance for advancement, senior jobs are kept for the buddies and god help you if you want to break into it.
    Bad communication culture

    Advice to ManagementAdvice

    Let up and coming talent come through and mentor them, not putting them down
    Improve communication and let people know what decisions are being made and why

    Doesn't Recommend
    No opinion of CEO
  6. 2 people found this helpful  

    Big enough to slowly drown in, unless you die of frustration first.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Fund Analyst - Trustees in London, England (UK)
    Former Employee - Fund Analyst - Trustees in London, England (UK)

    I worked at State Street

    Pros

    The size of the company means there are opportunities to move internally both domestically and internationally.

    Cons

    State Street is one of the worst companies I have worked for in terms of employee benefits and perks. The company is extremely aggressive with cost-cutting to the detriment of its' employees.

    Advice to ManagementAdvice

    Stop outsourcing non-core activities (facilities, IT etc) to the detriment of service quality. Be reasonable with salaries.

    Doesn't Recommend
    Approves of CEO

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