State Street Global Markets Reviews | Glassdoor

State Street Global Markets Reviews

Updated March 28, 2019
79 reviews

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2.7
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Approve of CEO
State Street Global Markets Chairman, President & CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
16 Ratings

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 17 reviews)

  • "Also, the working environment is good and people including Manager Directors, Vice presidents and officers are very nice" (in 5 reviews)

Cons
  • "It is a big company - if you want direct access to senior management" (in 7 reviews)

  • "Multiple layers of management per department leads to politics and silos that upper management have little desire to remove" (in 4 reviews)

More Pros and Cons

  1. "Quantitative Analyst"

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    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great team and folks. Interesting work.

    Cons

    Like any big organization folks can get protective of their areas.


  2. "Professional Development Program"

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    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    ability to experience different types of work in a variety of areas, leadership is open and supportive, and wants you to succeed

    Cons

    it's a big company, so easy to feel lost

  3. "Risk officer"

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    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    The salaries and bonuses were decent

    Cons

    often times departments didn't share critical info


  4. "Senior Associate"

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    • 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
    No opinion of CEO

    I have been working at State Street Global Markets full-time (More than 3 years)

    Pros

    Working environment is nice, people are friendly.
    Diverse company, benefits are good.

    Cons

    Pay is not as good as competitors, there is not much room to move up unless you keep looking.


  5. "Market analyst"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at State Street Global Markets full-time (More than 3 years)

    Pros

    decent benefits Good mangers mostly

    Cons

    Awful pay for associates
    Layoffs


  6. Helpful (2)

    "Poor communication and very impersonal"

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    • 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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street Global Markets full-time (More than 3 years)

    Pros

    Nice benefits, tolerable hours, if you just want a job to collect a paycheck this wouldn't be a bad choice

    Cons

    Poor communication, overall dysfunctional people dynamics supported by poor management. The culture is just not enjoyable as you can go weeks with minimal interactions with other people or even your team members. People are people not cyborgs. Management is focused solely on cost cutting and not on retaining talent. Smart people don't stay around long as there are limited career growth opportunities. Loads of chronies in senior positions.

    Advice to Management

    Avoid siloing people and entire teams. Hire someone who can actually build a functional IT infrastructure. Renew management with people concerned with something more than defending their own feud.


  7. "Cashier"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Flexible. Hours, scheduling, coworkers, friebdly

    Cons

    Lack of raises, that’s it

  8. "alot of projects"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice-President in Boston, MA
    Current Employee - Vice-President in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    A lot of great colleagues and ongoing projects with high priority

    Cons

    a lot of corporate wide initiatives which seem to take away a lot of time from BAU work and upgrades

    Advice to Management

    ensure laser like focus on projects needed and BAU upgrades


  9. Helpful (2)

    "Demoralizing, unsupportive, good-old boys network."

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

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

    Pros

    I'm honestly struggling to find any. Working for this organization prompted me to completely change gears in my career, which I suppose is a pro. I guess working from home was also kind of nice.

    Cons

    Shady management only interested in their best interests. I suppose it's the industry in general, but it leaves a bad taste in my mouth when senior management 1) hire people to report into them and don't listen to their recommendations, and 2) berate and belittle those managers publicly - or simply shut them out and ignore them altogether. The pay was also mediocre, especially when compared with the rest of the industry. Asking for a raise is like asking for blood from a stone. Even when you document why a raise is warranted, a barrage of excuses pours out of management's mouths while their bonuses keep exceeding the previous years'. And your 2% cost-of-living increase in one of the country's most expensive cities might happen...if you're lucky.

    Advice to Management

    Stop being brats. Remember that at the end of the game, the king and the pawn go into the same box. Cultivate those reporting into you. Support them the way you expect to be supported. If someone isn't performing to your expectations, communicate that to them and provide them with real leadership so they can meet your expectations.


  10. Helpful (1)

    "Good group of co workers. No raises in 3 years."

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

    Pros

    Good team, lots of support and guidance. Lots of vacation time. Generous with work from home. Not that hard to move around in the company.

    Cons

    Many jobs are being outsourced to India at year end. No raises for multiple years. IT service desk is a nightmare.

    Advice to Management

    Invest in your employees. Make them feel more wanted.