State Street Global Markets Reviews | Glassdoor

State Street Global Markets Reviews

Updated November 14, 2017
65 reviews

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2.6
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State Street Global Markets Chairman, President & CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
10 Ratings

65 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)

  • People actively hire any consulting resource that has the ear of senior management so that they may be an advocate for the business unit (in 2 reviews)

More Pros and Cons

  1. "Good company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at State Street Global Markets full-time

    Pros

    Good Work Life Benefits depending on job title

    Cons

    Career advancement difficult if you are not in Boston


  2. "Toxic Work Environment"

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

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

    Pros

    There are obviously a ton of different departments within SS, I came in from the outside and my area had decent pay since I came from the outside (not the case for promotions from within strangely enough).

    Cons

    Where to begin? I think their hierarchy scheme is a joke (there must be over 2500 VPs alone). There are layers among layers of management, and my team in particular had absolutely no training or experience within management other than their tenure there. In my case I reported to a manager that wasn't even in writing! Most people leave reviews like this because they left on bad terms, I did not, I left in great terms actually. My advice to you, is really stay clear at least until they figure out a better management structure, and actually hold managers accountable for how effectively they work with their employees.

    Advice to Management

    Hire less middle management, actually bring in trained managers instead of people that just fell into that position with no prior experience.

  3. "General Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street Global Markets full-time

    Pros

    Reliable schedule
    Collaborative environment from VP level downward

    Cons

    Little opportunity for advancement
    Bureaucratic, takes a long time for decisions to be made
    Continuous bad press, allegations, settlements


  4. "Application Developer"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Good Work culture, scope to grow, different opportunities

    Cons

    Poor employee engagement events, bad work hours


  5. "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


  6. "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....


  7. "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.

  8. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    I have been working at State Street Global Markets full-time

    Pros

    It's a large company to work for

    Cons

    They give very low raises

    Advice to Management

    More communication


  9. "State Street Corp"

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

    Pros

    They offer great benefits to employees

    Cons

    Upper management has little respect for assistants


  10. 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


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