State Street
2.7 of 5 1,201 reviews
www.statestreet.com Boston, MA 5000+ Employees

State Street Reviews in London, England

All Employees Current Employees Only

2.4 12 reviews

                             

75% Approve of the CEO

State Street President and CEO Joseph (Jay) L. Hooley

Joseph (Jay) L. Hooley

(4 ratings)

25% of employees recommend this company to a friend
5 Employee Reviews Back to all reviews
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    no real accounting, just data input

    Senior Associate (Former Employee)
    London, England (UK)

    Prosgreat learning curve, easy to move teams

    Conshard work doesn't really get appreciated

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Mixed!

    Project Manager (Current Employee)
    London, England (UK)

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

    No, I would not recommend this company to a friend

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    Everyone out for themselves for the most part

    Sales & Marketing (Current Employee)
    London, England (UK)

    ProsGood 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

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

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    2 people found this helpful  

    Decent Compensation, Good Benefits, Arthritic Management

    Managing Director (Former Employee)
    London, England (UK)

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

    ConsNo 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 Senior ManagementLet 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

    No, I would not recommend this company to a friend

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    2 people found this helpful  

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

    Fund Analyst - Trustees (Former Employee)
    London, England (UK)

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

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

    No, I would not recommend this company to a friend

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Glassdoor is your free inside look at State Street reviews and ratings in London, England — including employee satisfaction and approval rating for State Street CEO Joseph (Jay) L. Hooley . All 5 reviews posted anonymously by State Street employees.