State Street Global Markets Reviews in Boston, MA | Glassdoor

State Street Global Markets Boston Reviews

Updated March 15, 2017
32 reviews

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Boston, MA Area

2.3
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State Street Global Markets Chairman, President & CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
4 Ratings

32 Employee Reviews

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Pros
  • Good work life balance/salary ok, people generally nice but not capital markets calibre at other banks (in 15 reviews)

  • Large company yet small, intimate teams (in 3 reviews)

Cons
  • It is a big company - if you want direct access to senior management (in 6 reviews)

  • The upper management is highly unprofessional, going as far as to tell people not to call them because they get updates elsewhere (in 3 reviews)

More Pros and Cons

  1. Helpful (1)

    "AVP"

    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
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    flexibility, work life balance, internally opportunities

    Cons

    average pay, conservative, poor management


  2. "High stress environment, blame culture"

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

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

    Pros

    The pay may be higher then market... the FX industry is still going strong

    Cons

    Many old timers in leadership, who lack experience from other cultures and perspectives. Stress is high due to staff reductions and ability to manage quality asssurance. Blame culture exists and everyone is overworked. They will kick you when you are down due to personal challenges you may have with family/medical issues (I.e. not pay you full incentive compensation awards).

    Advice to Management

    Value and leverage individual skills and contributions employees offer. Welcome diversity of thought and backgrounds. Hire more staff in the right areas. Decrease the demands on employees so they have a better work life balance

  3. "Too much Racism by Sr Managers"

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

    Pros

    Decent benefits, and salary, there is nothing more to add.

    Cons

    Some of the Sr Managers in State Street Global Markets are extremely racist and abusive....not recommended place to work if you want to grow in your career.

    Advice to Management

    Stop being racist.....and abusive....


  4. "Depressing"

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

    I worked at State Street Global Markets full-time (More than 3 years)

    Pros

    Looks decent on a resume, probably

    Cons

    Pay & benefits are poor
    Morale is low
    Layoffs are frequent
    Management quality is uneven, and in some cases awful
    Promotions are largely a function of seniority and tightness with management
    Most employees are more concerned with CYA and shifting blame than accomplishing tasks correctly

    Advice to Management

    You're in a tailspin. Find some way to pull out of it. And no, "the Way Ahead" is not going to be enough.


  5. "SSGM"

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

    Pros

    great colleagues if they are on the same level. building I was working in was in a great location. salary paid the bills. decent place to start a career but find a new job once you put in your time.

    Cons

    terrible upper management.
    others will talk down to you and tell you how to do your job.
    seniority trumps knowledge.
    management won't notice you or compensate you unless they find out you are looking for another job.

    Advice to Management

    notice talent and don't let it go. a lot of talented employees leave because state street won't pay for it.


  6. "Applications Development Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Comp & Benefits
    Former Intern - Technology Intern in Boston, MA
    Former Intern - Technology Intern in Boston, MA

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

    Pros

    Established company, stable work environment, steady 9-5.

    Cons

    Stifling financial sector regulations constrain choice of software tools. Would have been illegal to use Gradle.


  7. "6-Month Internship Review"

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

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

    Pros

    Worked at an FX desk, greatly enjoyed my time there. The teams are all very knowledgeable and it was a great place to work to help solidify the foundation of my economic and financial knowledge.

    Cons

    The company seemed to be slightly over-staffed, as the bureaucracy might be getting a little but out of control in terms of how hard it is to get a lot of intra-office business done.

    Advice to Management

    My advice to upper management at SSGM would be to make sure that everyone knows the roles of those that work around them. That would open the door to a much higher degree of efficiency than currently exists.

  8. "Quantitative Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Intern - Quantitative Analyst in Boston, MA
    Former Intern - Quantitative Analyst in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Exposure to an array of facets of the financial service business, people are very nice and the atmosphere is quite relaxed, much more so than the major NY Wall Street banks (e.g: Goldman, JP Morgan, Morgan Stanley). Certainly has name recognition.

    Cons

    Feels very bureaucratic, very eclectic mix of people some not particularly impressive others very impressive, but it seems they tend not to stay very long.

    Advice to Management

    My interactions with HR have been pretty terrible, they are not a very good point of contact with prospective employees. I believe they are subcontracted out, which may be why. I would overhaul that side of the business.


  9. "Senior Associate - PDP"

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

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

    Pros

    Great work culture and work/life balance. Big company with lots of opportunity

    Cons

    Limited active asset management opportunities and no Investment Banking.


  10. Helpful (2)

    "Sleepy, hierarchical wasteland where brains go to die"

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

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

    Pros

    Short work days, 9-5 culture, generally nice coworkers. There are a lot of different types of positions although it is incredibly hard to actually change jobs internally

    Cons

    Everyone is mediocre and few have desire to achieve/compete in a healthy way. People are complacent in their actions then complain they can't get ahead.

    The business is intellectually unstimulating. No actually decisions or investments being made or strategies being created, just services and processing being completed daily.

    And this is in the Global Markets "trading, sales and research" part of the bank...

    Advice to Management

    Lose your egos and genuinely interact with your underlings. Hierarchy does no one any good.

    Also STT is not a global company. It is a provincial Boston custody bank. Don't market it as otherwise


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