State Street Global Advisors

  www.ssga.com
  www.ssga.com

State Street Global Advisors Reviews

Updated November 26, 2014
Updated November 26, 2014
126 Reviews
2.9
126 Reviews
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State Street Global Advisors President and CEO Scott F. Powers
Scott F. Powers
47 Ratings

Review Highlights

Pros
  • Management is generally caring and flexible, offers a great work-life balance (in 15 reviews)

  • Friendly atmosphere and culture is good (in 4 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)

  • Job security also was apparently very important in this group (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Good company with a lot of smart people.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street Global Advisors

    Pros

    Work life balance was solid. The culture was good....people around you were fun to spend time with and there were a lot of smart people. Pay was reasonable.

    Cons

    The downside was that there seemed to be some complacency on the team that I was on. This could be perfect for some people, but I was looking for a more fast paced environment.

    Advice to ManagementAdvice

    Maybe make a change to give people more drive,a nd to raise the intensity level within the firm.

  2.  

    Good company with good work like balance

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

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

    Pros

    Wide range of products and strong sales force. It is also a very collaborative company with coworkers who work well together.

    Cons

    IT support is not good and there has been very little improvement. It can tend to be a slow to action company.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Excellent company with great growth opportunity, but low pay for industry average.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant, Associate I in Kansas City, MO
    Former Employee - Fund Accountant, Associate I in Kansas City, MO

    I worked at State Street Global Advisors as an intern (less than an year)

    Pros

    The leadership at this company is fairly organized and able to support their employees professional growth. They care a lot about their employees and want them to benefit from the awesome opportunities they offer.

    Cons

    Some departments will require that you work extended overtime including weekend, late evening and holiday hours. Also, they pay is extremely low for the industry.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Good people, but no upward mobility

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

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

    Pros

    Management is generally caring and flexible, offers a great work-life balance.

    Cons

    Benefits and pay is average. Most movement within the company is lateral (too large of a firm with many people competing for same job), need to be overqualified to advance. Depending on your role within the firm, other potential employers (non-public companies, boutique firms especially) may balk at your resume once seeing "State Street" under job experience.

    Advice to ManagementAdvice

    Cut back on the redundancies - stop trying to reinvent the wheel and "transforming".

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    great place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Hedge Fund Operations in Boston, MA
    Current Employee - Hedge Fund Operations in Boston, MA

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

    Pros

    lots of smart people, a good place to learn multiple lines of business, group culture is dependent on group

    Cons

    very little upward mobility. very difficult to get onto the investment side. salary is not as competitive as other firms.

    Advice to ManagementAdvice

    spend more time on employees career building

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  7.  

    Decent people and working environment, but firm continues to lack innovation/leadership to diversify product line-up.

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

    I have been working at State Street Global Advisors full-time (more than 5 years)

    Pros

    Good balance between work and family life.

    Cons

    Lack of urgency to address outflows in certain business lines. Inconsistent hiring practices with comp structure deterring talent.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  8.  

    You're just a number

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street Global Advisors full-time (more than an year)

    Pros

    I liked the people that I got to work with that were in the same level as me. We basically bonded over how much we disliked our "leaders" and I learned this industry is not for me.

    Cons

    The training kept getting pushed back and then eventually never actually happened. The managers that get promoted are selfish for the most part and have no real leadership qualities. The higher ups tended to promote the people that sucked up to them rather than the people that actually had good qualities to lead people. The hours are absurd for the amount of pay. The turn over rate is insane.

    Advice to ManagementAdvice

    Don't promote the people who suck up to you without thinking about how they interact with people at the lower associate levels.

  9.  

    Not all is as it seems

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

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

    Pros

    Industry leader. Technology leader. Great city to work in.

    Cons

    Large company where people are treated like numbers and considered disposable. Difficult to get promoted.

    Advice to ManagementAdvice

    Treat employees with dignity and care and you will get more out of them and they will stay around longer.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  10.  

    Performance Reporting Group

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

    I worked at State Street Global Advisors full-time (more than 3 years)

    Pros

    Great location in downtown Boston
    Co-workers were friendly
    Technology was always being upgraded

    Cons

    Lots of turnover so you were always training a new employee and responsibilities would always be shifting.
    Too many useless conference calls that are not very productive.
    Every year, the VP would be replaced by a new VP who would have a new vision for the department.

    Advice to ManagementAdvice

    Upper Management needs to reward employees based on merit and not on who can network better.
    Stop making changes just for the sake of putting your name on the project so you can take credit for it.
    Sometimes it's better to leave the process as-is.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Positive Learning

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

    I worked at State Street Global Advisors as an intern (less than an year)

    Pros

    work-life balance, abundance of knowledge employees, upward mobility, lots of opportunities to learn and self-develop

    Cons

    rigid hierarchy, lower pay compared to other banks

    Advice to ManagementAdvice

    More team get-togethers

    Recommends
    Positive Outlook
    Approves of CEO

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