State Street Global Advisors Reviews

Updated August 30, 2015
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State Street Global Advisors President and CEO Scott F. Powers
Scott F. Powers
21 Ratings

Pros
  • Good work life balance, More projects coming in (in 15 reviews)

  • I also worked with many good people in my time there (in 6 reviews)

Cons
  • There is not a lot of growth opportunity, the starting pay is very low for the industry, most learning is done on your own (in 4 reviews)

  • Low pay for the amount of work, poor work life balance, no team mentality (in 3 reviews)

More Pros and Cons

65 Employee Reviews

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  1. Portfolio Specialist

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Specialist in Boston, MA
    Former Employee - Portfolio Specialist in Boston, MA

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

    Pros

    Great work life balance. Great investment and product knowledge and exposure. Great flexibility. Great place to learn. Great position to influence many areas of the firm.

    Cons

    Risk reward balance is tough depending on the role. Compensation is below market value. There seems to be complacency at the top levels.


  2. Vice President. Great job. Can work from home.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Boston, MA
    Current Employee - Vice President in Boston, MA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at State Street Global Advisors (More than 10 years)

    Pros

    Flexibility of hours Work from home. No need to take the train Saves quite a bit of money working from home

    Cons

    The people are not very motivated. They seem to think they are entitled to more money but most don't really work that hard.

    Advice to Management

    The people like myself who are Vice Presidents tend to have limited formal training. For example they need to hire more middle managers with MBA degrees.


  3. Great Experience, sub-par corporate culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Risk Management Analyst in Boston, MA
    Current Employee - Risk Management Analyst in Boston, MA
    Doesn't Recommend
    Positive Outlook

    I have been working at State Street Global Advisors (Less than a year)

    Pros

    Meetings, meetings and more meetings. Always in board rooms with executives to present ideas, meet for daily scrum calls and give status updates.

    Cons

    The company is so hierarchical that it often feels that there is no room for promotion or escalation at SSGA.

    Advice to Management

    Interact more with your employees. Create a more horizontal feel to management rather than such a vertical one. Give responsibility and an ability to exceed expectations and innovate rather than delegate tasks.


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  5. Okay place to start career, or end it... Maybe Ron O'Hanley can turn things around

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Officer in Boston, MA
    Current Employee - Officer in Boston, MA
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Laid-back environment, decent benefits, good location (downtown Boston - a few blocks from South Station), beautiful views of Boston and beyond.

    Cons

    Outdated technology, helpdesk is the "helpless" desk, weak, inexperienced managers, not a very intellectual or professional environment, not a lot of autonomy, no room for professional growth - unless you are in with management. You won't learn much here unless you are right out of college or new to financial services. Job titles don't always reflect the positions held. There are a lot of low-level VPs of nothing that should be AVPs and AVPs that should be Officers. Shame on HR for allowing this practice. High turnover since the job market improved.

    Advice to Management

    Learn how to manage all staff, not just the kids who work here - and there are oh so many! If Fidelity is a retirement home, this place is kindergarten. Stop hiring herds of people to do mundane work. Automate!


  6. I was in Relationship Management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Relationship Manager in Boston, MA
    Former Employee - Client Relationship Manager in Boston, MA
    Recommends
    Negative Outlook

    I worked at State Street Global Advisors full-time (More than 10 years)

    Pros

    Breath of product - passive, active and enhanced management across multiple asset classes, brand recognition, leader in passive management, benefit of being one of the largest institutional investment managers

    Cons

    SSgA is a part of a large institution which puts the focus on quarterly earnings. Growth of revenue was a challenge when I was there. There has been a firm wide cuts cutting initiative. Growth opportunities were limited.

    Advice to Management

    Place emphasis on product development to promote growth. Look to partner with clients to find investment solutions and not be a product pusher.


  7. Overall, a difficult, political culture in looking to advance. Good work life balance for the coaster.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Boston, MA
    Former Employee - Vice President in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Nice location near South Station. Cubicles offer decent privacy depending on your group. Low stress for the coaster and easy to do the minimum and get by.

    Cons

    Beyond individual contributor, management generally operates based on fear. There is a lot of politics and back stabbing as managers fight for work.


  8. Intern

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern in Boston, MA
    Current Employee - Intern in Boston, MA
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great environment, Everyone is nice and helpful, also very respectful. In some locations dress code is laid back and the office is usually beautiful

    Cons

    Work many hours, not a lot of free time, the hours cause stress, no time to workout.

    Advice to Management

    There should definitely be more time of for volunteering that would be great, also a higher and more competitive salary. Also more interactive ways to get the employees from getting their minds of stress.


  9. great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Manager in Boston, MA
    Current Employee - Portfolio Manager in Boston, MA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    have to be willing to work hard within the investment solutions group

    Cons

    not much of a work-life balance. male-dominated


  10. Equity Pricing Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fixed Income and Euity Pricing Analyst in Boston, MA
    Current Employee - Fixed Income and Euity Pricing Analyst in Boston, MA
    Recommends
    Neutral Outlook

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

    Pros

    Flexible Hours and you gain a lot of experience working on many different applications and securities.

    Cons

    Not a lot of hands on work, mostly operations based procedures, a lot of pluggin in prices.

    Advice to Management

    Try and work more with employees to keep them engaged and focused on there careers and where they can go with it.


  11. Vice President

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President - Technology in Boston, MA
    Current Employee - Vice President - Technology in Boston, MA
    Doesn't Recommend
    Negative Outlook

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

    Pros

    The location of headquarters in downtown Boston

    Cons

    I would not recommend SSGA to anyone looking for a technology position. They have no software development methodology, nobody writes anything down ever, there is constant infighting among business and IT teams that hate each other, their technology is from the 90's and they have continuous production problems because of their lack of processes and procedures. In addition, their internal IT team hates cloud computing and agile methodology because it allows the business to do more on their own. The internal IT team is on a mission to undermine and destroy any technology that allows the business teams to be more independent. They cant bear the fact that the business does not need IT as much anymore. It is truly a horrible place to have an IT career.

    Advice to Management

    Get rid of your IT management team and some of the operational management team. They are purposely holding SSGA back from technologies that our competitors are utilizing today.



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