State Street - Mixed! | Glassdoor
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There are newer employer reviews for State Street

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"Mixed!"

StarStarStarStarStar
  • 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)
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.

Other Employee Reviews for State Street

  1. "Overall, pretty good, but I feel I can make a bigger impact elsewhere."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    No opinion of CEO

    Pros

    It depends on the group you get placed into. There are many good leaders and managers scattered around the organization. If you are fortunate enough to work with these individuals, do what you can to learn from them. There are tons to be learned and most people see this organization as a stepping stone to further their careers. It is true, in that respect, but it's up to the individual to be proactive, learn, and to fight to earn what's deserving to him/her.

    Cons

    Most people gripe about it, but the salary is subpar compared to SSC' competitors in the industry. Also, it can be frustrating when dealing with less-than-motivated colleagues and excess amounts of overtime.

    Advice to Management

    Senior management has to assess the morale of the people who are doing all the operational heavy lifting. Oftentimes, their decisions impact the worker bees the most.


  2. "Everyone out for themselves for the most part"

    StarStarStarStarStar
    • 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)
    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

There are newer employer reviews for State Street
There are newer employer reviews for State Street

See Most Recent

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