State Street Global Markets Reviews | Glassdoor.com.au

State Street Global Markets Reviews

Updated 4 Jun 2019

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Found 79 reviews

2.7
StarStarStarStarStar
Rating TrendsRating Trends
27%
Recommend to a Friend
38%
Approve of CEO
State Street Global Markets CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
16 Ratings
Pros
  • "Good work life balance/salary ok, people generally nice but not capital markets calibre at other banks(in 17 reviews)

  • "(in 6 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. "Senior Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Associate in Sydney
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at State Street Global Markets full-time for more than 3 years

    Pros

    Latest technology New products Diversified verticals Internal mobility

    Cons

    Pay - 10% less than market rate Bearucratic management

    Advice to Management

    Conduct promotions on merit

    State Street Global Markets2018-03-22
  2. "Not family frendly"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Project Manager 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at State Street Global Markets full-time for more than 8 years

    Pros

    Lots of exposure and opportunity to move up in the organisation if you are happy to be thrown in the deep end.

    Cons

    Does not recognise hard work and are not family friendly. Do not increase your pay when you take on more responsibility.

    Advice to Management

    Look after your staff especially women

    State Street Global Markets2015-05-07
  3. "Banking industry can be tough in terms of work life balance"

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

    I worked at State Street Global Markets full-time for more than a year

    Pros

    Best reason is that the company is a global company and there is a lot to learn from one another. I liked interacting with various departments.

    Cons

    A bank is a bank and the environment set is very fast paced. Expectations are set but not kept real.

    Advice to Management

    Pay people to work not sit around and act as a "good" employee. Work ethic over status quo.

    State Street Global Markets2019-06-04
  4. "Professional Development Program"

    StarStarStarStarStar
      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

      State Street Global Markets2019-03-28
    • "Shouldn’t stay for too long"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Assistant Vice President 
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I have been working at State Street Global Markets full-time for more than 5 years

      Pros

      Decent pay Decent benefits Decent amount of vacation days Work life balance ok People are nice

      Cons

      Forget about raises- there’s always a reason to not give you a raise Little to no room for advancement if outside of Boston Bureaucracy becomes unbearable at times Extremely siloed making it difficult to move things forward if you are simply hoping to get things done As a result of the above if your focus is on achieving results, there is very little job satisfaction to be had

      Advice to Management

      Work on streamlining the organization Hire and retain good people Promote young talent and develop them Get rid of the lifers who are contributing little but getting big paychecks

      State Street Global Markets2019-01-19
    • "Risk officer"

      StarStarStarStarStar
        Former Employee - Anonymous Employee 

        I worked at State Street Global Markets

        Pros

        The salaries and bonuses were decent

        Cons

        often times departments didn't share critical info

        State Street Global Markets2018-12-10
      • "Senior Associate"

        StarStarStarStarStar
        • Work/Life Balance
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Anonymous Employee in Boston, MA
        No Opinion of CEO

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

        State Street Global Markets2018-12-04
      • "If you are young, hungry to learn and wanting to earn decent money, then State Street is NOT for you!"

        StarStarStarStarStar
        • Work/Life Balance
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - FX Front Office in London, England
        Doesn't Recommend
        Negative Outlook
        No Opinion of CEO

        I have been working at State Street Global Markets full-time for more than 5 years

        Pros

        Nice people Great pension Great location Nice offices

        Cons

        Very low pay relative to the market; at times 50-60% less than other banks. In some cases it’s even more. Make sure you negotiate your package as pay-rises are few and far between. Some haven’t had one in 5 years, other than inflationary adjustments. HUGE disparities in pay across desks. Some VP’s earn twice or more what others do, even when doing exactly the same job. This is very apparent and people openly talk about...

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        Advice to Management

        You must diversify your talent pool. Stop employing city veterans in the 50+ range who you’ve worked with for 20 years (for example). Instead, look at younger, hungrier candidates with a passion to learn, develop and bring real ideas to the table. Secondly, you must invest properly in initiatives. Buying an OMS system which is only popular in the US doesn’t count. You must look to improve your current suite of products...

        Show More
        State Street Global Markets2018-11-18
      • "Market analyst"

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

        I have been working at State Street Global Markets full-time for more than 3 years

        Pros

        decent benefits Good mangers mostly

        Cons

        Awful pay for associates Layoffs

        State Street Global Markets2018-11-10
      • "Quantitative Analyst"

        StarStarStarStarStar
        • Work/Life Balance
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Former Employee - Anonymous Employee in Boston, MA
        Recommends
        Positive Outlook
        No Opinion of CEO

        I worked at State Street Global Markets full-time for more than a year

        Pros

        Great team and folks. Interesting work.

        Cons

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

        State Street Global Markets2018-08-28
      Found 79 reviews