State Street Global Markets Reviews | Glassdoor

State Street Global Markets Reviews

Updated April 2, 2017
62 reviews

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Full-time Part-time

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

62 Employee Reviews

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Pros
Cons
  • 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)

  • No one ever worked anywhere else so they have nothing no best practices to use for comparison (in 2 reviews)

More Pros and Cons

  1. Helpful (1)

    "AVP"

    Star Star Star Star Star
    • 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"

    Star Star Star Star Star
    • 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"

    Star Star Star Star Star
    • 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. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Depressing"

    Star Star Star Star Star
    • 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.


  6. "SSGM"

    Star Star Star Star Star
    • 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.


  7. "Poor management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Work/life balance, flex time. Easy to take time off.

    Cons

    Poorly managed. They have no clue about anything. Boston staff have been there forever. No one ever worked anywhere else so they have nothing no best practices to use for comparison. Lots of duplicative work.

    Advice to Management

    You need to come down from the ivory tower and look around. How is it possible to screw up so much, be 15 years behind other financial services firms, have so many manual processes, have no backups, have salespeople working without FINRA registrations? Invest in your people and stop being so stingy.


  8. "Unprofessional and unhelpful"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Work life balance/flexibility is one of the best i've seen.

    Cons

    The upper management is highly unprofessional, going as far as to tell people not to call them because they get updates elsewhere. Commitment to risk excellence is a joke - systems do not work, requirements are not market standard, Excel is considered a system! The risk teams dedicated to a product are considered irrelevant because work can be outsourced to ERM. There is no accountability across the bank and the custody and fund services teams hardly know how to perform their functions. It is surprising the bank is still running because client satisfaction is the lowest priority possible.

    Advice to Management

    Respect goes a long way.
    If there is a firmwide ban on travel or conferences, there should not be exceptions.


  9. "6-Month Internship Review"

    Star Star Star Star Star
    • 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.


  10. "Generous company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Trade Processor Associate in Hadley, MA
    Current Employee - Trade Processor Associate in Hadley, MA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Very generous company
    Easy and relaxing.
    Locations are very nice
    But upward success may not always happen
    Be prepared for downtime and boredom sometimes
    Gives back yo the community always!
    Looks out for their employees

    Cons

    Not alot of upward movement.
    Some managers can be mean
    Slow days
    There Are moments when you dnt feel fulfilled because no one realizes


  11. "Senior Associate - PDP"

    Star Star Star Star Star
    • 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.


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