State Street Vice President Reviews | Glassdoor.com.au

State Street Vice President Reviews

Updated 9 Jun 2019

To filter reviews, or .

Found 267 reviews

2.9
StarStarStarStarStar
Rating TrendsRating Trends
25%
Recommend to a Friend
20%
Approve of CEO
State Street CEO Ronald O’Hanley
Ronald O’Hanley
16 Ratings
  1. "Organization restructure"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Vice President 
    Approves of CEO

    I have been working at State Street full-time

    Pros

    Company highly promotes diversity and work life balance, reduces organization hierarchy and increases communication transparency.

    Cons

    Several major organizational change and redundancy greatly reduces employee moral and increases management roles confusion.

    Advice to Management

    Walk the talks and improve moral and motivation. Invest in talent development.

    State Street2019-06-09
  2. Helpful (1)

    "Highly Political environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Vice-President in Boston, MA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at State Street full-time for more than 3 years

    Pros

    Lots of very well paid and smart individuals both technical and at the business level. Company does not hesitate spending money.

    Cons

    Huge competition exists at every level between old and new employees. The old employees contributed in the past, remained loyal, but don't have nearly the same skillset of the newer employees. You see political games from executive VPs all the way down to the lower level workers battling it out. Mainly the old groups just want to hang on another decade or so. Is obvious. Many new, young employees join State street,...

    Show More

    Advice to Management

    Highest level management is at the mercy of old employees holding all the data, systems, business practices, connections. New CEO mind as well be useless.

    State Street2019-06-04
  3. "It is what you make of it"

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

    I have been working at State Street

    Pros

    Opportunity to grow... if you want to put the effort In. Really good work-life balance - most areas encourage WFH.

    Cons

    Lots of politics, bureaucracy, duplicative roles make it a challenge to push ideas ahead.

    State Street2019-05-31
  4. "Outdated practices, confusing hierarchy"

    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 full-time for more than a year

    Pros

    401k match up to 6%; flexible work from home policy. It’s possible to have a life outside of work

    Cons

    No clear directions. Lots of corporate politics and constant whispers about layoffs. No pay increases and bonuses are laughable.

    Advice to Management

    Be more clear about expectations. The corporate politics are outdated and boring.

    State Street2019-05-26
  5. Helpful (7)

    "Stuck in the past with no plan for progress"

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

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

    Pros

    Some of the most brilliant minds on the planet work here

    Cons

    The company has no idea how to keep them working here

    Advice to Management

    Enough with the re-orgs that stagnate career development, and enough with slashing bonuses and raises for the rank and file only to keep them coming for senior management

    State Street2019-05-16
  6. Helpful (2)

    "Difficult environment"

    StarStarStarStarStar
      Former Employee - Vice President 

      I worked at State Street full-time

      Pros

      This company has good benefits

      Cons

      Too much work for too few people with the right skills

      State Street2019-05-01
    • "AVP"

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

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

      Pros

      Working hours are flexible People are generally helpful

      Cons

      Very low salary increment Too many organisational changes and initiatives with tight timeline

      State Street2019-05-01
    • "Pass and Go Somewhere Else"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Vice President in North Quincy, MA
      Doesn't Recommend
      Negative Outlook
      No Opinion of CEO

      I have been working at State Street full-time

      Pros

      Good salary and benefits, you can work remotely when needed

      Cons

      Poor internal communication, direction of the company is always changing, job is always in limbo, layoffs,

      Advice to Management

      Get to know the employees and their backgrounds. In the last two years, State Street has laid off over 7,000 people. It seems it is a cycle...hire a large number of people, then laying off a large number of people. This has been going on for years. And these are excellent skilled people with great work ethics that are being laid off! The sad thing is, senior management informs you who to layoff, without even discussing...

      Show More
      State Street2019-06-03
    • "Great flexibility, lower pay scale, high turnover at lower levels"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Associate Vice President 
      No Opinion of CEO

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

      Pros

      Good place for flexibility and benefits

      Cons

      High turnover, lower on pay scale, not great at training on actual job

      State Street2019-04-23
    • "Culture"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Vice President in London, England

      I worked at State Street full-time for more than 3 years

      Pros

      Knowledgable people and decent offices

      Cons

      Didn’t like the culture or project management

      State Street2019-05-02
    Found 267 reviews