State Street Reviews in Edinburgh, Scotland | Glassdoor

State Street Edinburgh Reviews

Updated November 1, 2017
16 reviews

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Edinburgh, Scotland (UK)

3.3
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
7 Ratings

16 Employee Reviews

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  1. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Edinburgh, Scotland (UK)
    Current Employee - Anonymous Employee in Edinburgh, Scotland (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great place to work excellent growth opportunities

    Cons

    Compensation not great as the location is in edinburgh


  2. "Edinburgh State Street - Awful place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Edinburgh, Scotland (UK)
    Former Employee - Associate in Edinburgh, Scotland (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Nice canteen. That’s all! The canteen will be gone once they move to Quatermile.

    Cons

    Quite an unpleasant place to work. It’s an American company so there is an underlying belief that you should hand your life over to them and work extra hours for free. Oh and the pay is awful. Management are aggressive if you don’t work extra hours for free. You really need to have no self respect to work here. The mangers are all Yes men who push the bullying culture down onto the staff from above.
    I've only seen one other company that does such a bad job of training people. It is pretty much non existent. As a result mistakes will happen, but here is the important point - that is not the managers fault! That is your fault for not being psychic.

    Advice to Management

    People have lives. Pushing them to work long hours for free is despicable and immoral. Grow a backbone and stand up to the senior management who push this agenda. Take the time to train people carefully and thoroughly. Drop the blame culture. You will have a much lower turnover of staff as a result.

  3. Helpful (2)

    "State Street Trustees Ltd, where working for free to clear months of backlogs is the name of the game"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Edinburgh, Scotland (UK)
    Former Employee - Anonymous Employee in Edinburgh, Scotland (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at State Street full-time (Less than a year)

    Pros

    Free gym and decent canteen

    Cons

    If you don't mind working lots of extra hours for free then State Street is the place for you.

    Advice to Management

    Grow up


  4. Helpful (1)

    "Old guard too strong"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Edinburgh, Scotland (UK)
    Former Employee - Assistant Vice President in Edinburgh, Scotland (UK)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time (More than 5 years)

    Pros

    Lots of projects mainly due to ever changing demands of regulatory regimes. Some good initiatives like cloud based solutions and focus on open source technologies. There is always something to keep yourself busy with.

    Cons

    Career path is stagnant. Much of the creative work is outsourced or is out of Boston. Too much power or control in handful people. Very command and control structure


  5. "Associate 1"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Midlothian in Edinburgh, Scotland (UK)
    Current Employee - Midlothian in Edinburgh, Scotland (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Excellent support for training. Supportive atmosphere. Opportunities for lateral movement. Always room for overtime. Good starting salary. Great benefits.

    Cons

    Progression opportunities not as prevalent as down in London Branch.


  6. Helpful (1)

    "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Edinburgh, Scotland (UK)
    Current Employee - Associate in Edinburgh, Scotland (UK)
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    Easy to get into and given a platform to gain as much experience as you want. Good facilities and overtime pay.

    Cons

    Management is poor, base salary is too low against competitors. Nobody stays long enough to build a team atmosphere and any type of cohesion. Every man/ woman for themselves.

    Advice to Management

    They know what they need to do but are either unwilling or simply unable to do it.


  7. Helpful (2)

    "Wouldn't recommend working here"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in Edinburgh, Scotland (UK)
    Former Employee - Senior Associate in Edinburgh, Scotland (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at State Street full-time (More than 8 years)

    Pros

    Benefits package
    Diverse environment with global colleagues
    Cafe
    Decent Holidays
    Good PCs
    Potential to work condensed hours if your role/department permits.
    Remote access so you can work from home if you need to wait in for boiler service etc.
    A lit of nice people.

    Cons

    Training is poor with onus on employees to manage their own career progression with no input from management.
    Pay is very poor and salary increases are non existent or very low year on year.
    Bonus is laughable with the same excuses made every year as to why its poor. Is supposed to be performance related but seems to be more reflective of the company performance than personal performance. You actually end up worse off with inflation increase and this has been the case for many years.
    Some managers are serious jobsworths who expect respect but do nothing to earn it.
    Very much a face fits culture.
    Very little opportunity for career progression unless you are a yes man.
    HR ALWAYS side with management so if you have a grievance, don't waste your time raising it, it is career suicide.
    Zero loyalty to staff, especially long suffering staff. You really are just a number.
    Long hours expected every day and unpaid overtime in some departments. Difficult to get the holidays you want. Get in quick on 2nd January or be prepared to be refused.
    Too much red tape. Everything from ordering a post it pad to asking HR a question. Nothing is straightforward and so much time and resource is wasted trying to get the little things done.
    You don't even get a free Christmas lunch anymore! The list goes on.....

    Advice to Management

    Stop outsourcing everything. It's not working and is so stressful trying to get anything resolved as no one knows who to reach out to. Show a little loyalty to staff who have stayed loyal to you and have given you blood sweat and tears. You have given up on quality, its all about quantity now and output quality is very poor compared to past. You have stopped caring about the clients and only care about saving money and the end product clearly shows this. Recruitment process is very poor. Quality of people being offered is awful, length of time taken to approve requisition, security checks. All takes far too ling. Another outsourcing blunder!
    If someone calls I sick, it usually means they are too ill to work so working from home should not be expected/suggested. Please try listening to your associate level staff.

  8. "Good support"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Edinburgh, Scotland (UK)
    Former Employee - Anonymous Employee in Edinburgh, Scotland (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at State Street full-time

    Pros

    Good progression opportunities for those who want them.

    Cons

    Salaries below the industry average.

    Advice to Management

    none


  9. "Many Prospects"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - ABO Administrator in Edinburgh, Scotland (UK)
    Current Employee - ABO Administrator in Edinburgh, Scotland (UK)
    Recommends
    Positive Outlook

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

    Pros

    A Variety of Remuneration:
    Pension Scheme
    Insurance
    Regular Healthcare Benefits
    Sporting Related Benefits
    A Variety of Promotions (Not necessarily in the same department, adds variety).
    Subsidised Restaurant on Site
    Regular Training
    Opportunity for International Assignments

    Cons

    Low Salary compared to other local firms
    Work Split is not Even
    Sometimes too many training classes


  10. Helpful (1)

    "Not great, not bad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Edinburgh, Scotland (UK)
    Current Employee - Senior Associate in Edinburgh, Scotland (UK)
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good people, competitive salary, paid overtime

    Cons

    Long hours, the company could do with recruiting more bodies on the ground instead of expecting already overworked employees to do excessive levels of overtime.

    Advice to Management

    Listen to your employees more.


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