State Street Global Markets

www.statestreetglobalmarkets.com
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State Street Global Markets Reviews in Boston, MA

Updated November 3, 2014
Updated November 3, 2014
23 Reviews
2.9
23 Reviews
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State Street Global Markets Chairman, President & CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
23 Ratings

23 Employee Reviews Back to all Reviews

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  1.  

    Great personal and work life balance.

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

    I worked at State Street Global Markets (more than a year)

    Pros

    Great personal and work life balance. Offers good health insurance, dental, 401k match, leave policy and flex work schedule. Relatively low pressure work environment compared to WSS Investment Banks.

    Cons

    Limited opportunities for accelerated career growth. Long term employees are resistant to changes unless driven by regulatory requirements. Compensation varied widely from team to team.

  2.  

    Market data services

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

    I worked at State Street Global Markets full-time (more than 8 years)

    Pros

    Amazing company to get into the field

    Cons

    Management is horrible, they promote bad management style, and are excluded from doing work, LEAN initiative excluded management, why are there managers that do not manage, racist and sexist manager from female management also

    Advice to ManagementAdvice

    Upper management needs to move managers to different position outside of the group

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Middle manager makes her own rules

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

    I worked at State Street Global Markets full-time (more than 8 years)

    Pros

    Good benefits, many smart people, many resources for professional development

    Cons

    Layoffs every quarter, drastic changes on the IT side negatively affecting employees' moral, benefits, bonuses and work performed.

    Advice to ManagementAdvice

    Adhere to company rules and don't make your own. Do not play favorites. Encourage and motivate your employees by example. Be a role model and a leader. Above all, be ethical and treat people at all levels with respect.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Classic Corporate

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

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

    Pros

    Professional, corporate environment. My team was full of very personable approachable people from manager to sr manager.

    Cons

    Culture of risk-adverse, non-innovation. Drains energy/desire to strive for initiative.

    Advice to ManagementAdvice

    I really appreciated the horizontal relationship among the team from sr manager all the way down to intern even though it was within a corporate context.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    No structure for investing in, retaining, or promoting top talent. Beware of outsourcing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Associate II, Foreign Exchange Client Services in Boston, MA
    Former Contractor - Associate II, Foreign Exchange Client Services in Boston, MA

    I worked at State Street Global Markets as a contractor (less than a year)

    Pros

    There is a fair number of young employees and a fairly good mix of age and experience levels which benefits the company. Some of the young employees are quite smart. Certainly it depends on your team but I would say the people are generally down to earth, good people.

    Cons

    Movement within the company is very difficult. Rather than a centralized HR structure that seeks to promote from within, hiring is done by individual team managers with the help of recruiters based on requisition allowances. Because of this, inside talent is not considered, creating a revolving door of new employees. Current employees must apply just like any other external job seeker. The firm is also outsourcing a great deal. From my experience, this leads to major inefficiencies, consuming time and adding to stress levels of onshore employees. More significantly, this leads to costly mistakes and clients that are regularly furious. There is also, as far as I am aware, no functional IT department so that you have non-tech savvy employees trying to troubleshoot and fix their own technology. Additionally, though not a huge issue for me, many teams in SSGM must work holidays. Yes, Christmas and Thanksgiving etc.

    Advice to ManagementAdvice

    Invest in your human capital. Develop a culture of opportunity and a structure for promotion from within. Retaining top talent will improve morale, nurture a sense of community, and benefit clients. Along with this, cease outsourcing. Particularly for positions that have any impact on the client side of the business.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    nice place to work

    Former Intern - Financial Operation and Analyst in North Quincy, MA
    Former Intern - Financial Operation and Analyst in North Quincy, MA

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

    Pros

    efficient training,
    nice manager,
    flexible schedule

    Cons

    not efficient assignment of work

  8.  

    Below average company

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

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

    Pros

    Flexible schedule and some good teams

    Cons

    Well, where to start. I have never come across a more badly managed company. Political bureaucracy has ruined the company that had a lot of promise. The company continues to partner with Wipro who just like all cheap products just offer low quality solutions and resources. No recognition for back breaking work. No raises. Negligible bonuses for employees that actual do the work. I am guessing senior management is raking in all the applause and money.

    Advice to ManagementAdvice

    Stop looking for cheap solutions. Ditch the vendors. Hire smart local people who can develop quality products. Recognize and reward employees.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    SSGM

    • 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 Markets full-time (more than 10 years)

    Pros

    I work with a fantastic group of professionals on a daily basis and have gained invaluable industry knowledge and expertise.

    Cons

    Compensation is insufficient when compared to market averages. Too often I see examples of 'too little, too late' reactive attempts at retaining skilled and experienced professionals.

    Advice to ManagementAdvice

    Take the time to analyse what is truly at stake and be proactive with compensation so that the experienced & skilled are retained.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Global Markets Intern

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

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

    Pros

    Great people and atmosphere. Large company yet small, intimate teams. Overall a great place to learn about the financial services industry and gain professional experience.

    Cons

    It is a big company - if you want direct access to senior management

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Not so fast

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

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

    Pros

    Good people who work hard

    Cons

    Company only cares about the stock price .. Management does not care on how many hours you work .. your voice does not matter !

    Advice to ManagementAdvice

    Listen to your good people .. Stop looking at your metrics on how many tickets were closed open in a particular month .. The transition you are working is not working - You are 4-5 years behind on your thinking!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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