State Street Reviews

Updated July 8, 2015
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
0 Ratings

Pros
  • Flex work program allowing for good work/life balance (in 132 reviews)

  • The only one I can think of is the ability to work from home (in 65 reviews)

Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 42 reviews)

  • High turnover due to long hours (in 57 reviews)

More Pros and Cons

6 Employee Reviews

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  1. poorly managed

    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

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

    Doesn't Recommend
    Doesn't Recommend

    Pros

    good work life/balance relaxed atmosphere

    Cons

    low wage, little training, poor systems.


  2. no real accounting, just data input

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    great learning curve, easy to move teams

    Cons

    hard work doesn't really get appreciated


  3. Mixed!

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

    I have been working at State Street

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    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 Management

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


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Everyone out for themselves for the most part

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

    I have been working at State Street

    No opinion of CEO
    No opinion of CEO

    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 Management

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


  6. Helpful (3)

    Decent Compensation, Good Benefits, Arthritic Management

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

    I worked at State Street

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    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 Management

    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


  7. Helpful (2)

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

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

    I worked at State Street

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    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 Management

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



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