State Street Global Advisors Reviews in Boston, MA | Glassdoor

State Street Global Advisors Boston Reviews

Updated October 6, 2017
107 reviews

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Boston, MA

3.1
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Ronald P. O'Hanley
5 Ratings

107 Employee Reviews

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Pros
Cons
  • Can have very bad work life balance depending on who you work for (in 10 reviews)

  • Massive push to send jobs to cheaper offshore locations (offshore locations also have high turnover) (in 5 reviews)

More Pros and Cons

  1. "Tough work but loads of learning"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Intern - Hourly in Boston, MA
    Current Intern - Intern - Hourly in Boston, MA
    Recommends
    Positive Outlook

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

    Pros

    Great learning opportunity, technology heavy environment.

    Cons

    Bureaucracy and inflexibility due to policies set at higher level.

    Advice to Management

    Organizations with this size and within the financial services industry cannot be very flexible. There is nothing anyone can do about it.


  2. Helpful (4)

    "Beneath the Surface - SPDR sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Internal Sales in Boston, MA
    Current Employee - Internal Sales in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    - Highly talented individuals in certain departments
    - Ability to access some of the top thought leaders within the industry
    - ETF experience
    - very "polished" looking crew

    Cons

    - Culture is toxic
    - People
    - Lack of professionalism, respect, diversity, and inclusion
    - Most of sales management puts their own self interests before the business
    - hardly any training and professional development
    - poor execution and lack of direction on strategic initiatives
    - 100% subjective bonus comp on sales

    Advice to Management

    Get over your white male Irish Catholic superiority complex. Focus on making your people better. Be objective and base employee evaluations on merit, skill, and body of work versus anecdotal stories, how much you personally like someone, or based on how much they look like they came out of a Brooks Brothers store. At the end of the day, it's about actually winning and bringing in sales... not perception of smoke and mirrors of how well you are trying to look in front of others. Performance over politics. Look at why you have difficulty attracting/retaining talented millennials and top sales professionals within the industry. How you force sales people to work their final two weeks or not pay them for it says everything about the level of class you operate on in a nutshell. Get your act together or you will continue to remain uncompetitive to iShares and Vanguard (flows and market share).

  3. Helpful (1)

    "Compliance"

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

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

    Pros

    Few nice people make the abhorrent culture tolerable

    Cons

    Compliance department has a toxic culture, turnover is extremely high. Other departments within compliance all seek to one-up each other and cut the others down in order to make themselves look better. When someone else has a better situation than they do, they try to go to management to undercut the other employees and make their lives as miserable as theirs. Massive push to send jobs to cheaper offshore locations (offshore locations also have high turnover).

    Many times managers are promoted for simply being there, not for actual management skills.

    Advice to Management

    Pay attention to your employee turnover. People don't want to find new jobs. Listen to employee feedback instead of thinking you know better than everyone else


  4. Helpful (1)

    "If you're from the Boston area, you will likely understand..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Junior Portfolio Manager in Boston, MA
    Former Employee - Junior Portfolio Manager in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Mostly great colleagues and teammates.

    Cons

    Lower end of base pay. Terrible management and awareness at the executive corporate level; very little growth and development opportunities across the organization, stagnant compensation plan - little to no performance-based salary pay increase. Benefits being reduced over time rather than expanded. Management and leadership roles filled based on individual contribution itself and not in combination with the actual ability to lead and manage.

    Advice to Management

    Need a reality check. Employee retention should be as important if not more so than earnings, net profit, etc. Those should not be positive because of a reduction of costs (salary comp, reduced or non-existent bonuses, lack or professional growth and development). That's the wrong way to manage and lead a company. Retaining talent that wants to be there will produce better work and relationships with customers and vendors and that will drive sustainable growth.


  5. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in Boston, MA
    Former Intern - Intern in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Team was very helpful, got to work with top people in the industry, as an intern got to participate in things that were well above my pay grade.

    Cons

    They are not looking to hire recent college grads so the internship did not turn into a full time job,

    Advice to Management

    Keep doing what you're doing.


  6. "Sales Associate"

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

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

    Pros

    SSGA is a great place to get accustomed to corporate culture. If you are interested in putting in time and learning the business, it's a great place to do that.

    Cons

    Huge disconnect between business units across the firm and between upper management and lower-level employees. Ex: having a manager who doesn't really know what you actually do everyday.

    Advice to Management

    Show more transparency.


  7. "More computer than man"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Cash Coe in Boston, MA
    Current Employee - Cash Coe in Boston, MA
    No opinion of CEO

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

    Pros

    Gain experience in accounting for clients

    Cons

    Glass ceiling limit in career advancement

  8. "Changing Company Landscape"

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

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

    Pros

    Work /Life Balance, collegial work environment

    Cons

    Under paid and not valued, career path opportunities very limited

    Advice to Management

    Using, "do more with less" & "do your job" as annual goals is not inspiring but insulting.


  9. "SSgA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Business Analyst in Boston, MA
    Former Employee - IT Business Analyst in Boston, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good benefits and reasonable salary, work at home availability if your job allows. Some opportunity for career growth, diverse workforce, severance package was ok.

    Cons

    Risky place to be if you are in Information Technology, in the 12 years that I worked there they had many layoffs, and a huge number of those jobs have been sent offshore to new offices opened in India. As they move towards more active investments, there is an increasing risk of failure and even more layoffs. After 12 years of nights, weekends and many weeks with over 50 hours, I felt somewhat betrayed.

    Advice to Management

    Enjoy the bonuses you receive for offshoring jobs at the cost of local economies.


  10. Helpful (1)

    "Great place to work!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Executive Assistant in Boston, MA
    Former Employee - Senior Executive Assistant in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Senior Executive's are wonderful, Co-workers were great, Good benefits & pay.. Definitely recommend!

    Cons

    The hiring/on-boarding process is somewhat lengthy.. Fingerprinted & had my credit checked before recieving official offer.


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