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State Street Vice President Reviews

Updated 15 Aug 2019

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Found 274 reviews

2.9
StarStarStarStarStar
Rating TrendsRating Trends
26%
Recommend to a Friend
17%
Approve of CEO
State Street CEO Ronald O’Hanley
Ronald O’Hanley
19 Ratings
  1. Helpful (1)

    "Continuous Change"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in Boston, MA
    Recommends
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street full-time for more than 10 years

    Pros

    Lots of opportunity for growth Good benefits Always striving to keep ahead of change in the marketplace Excellent worklife balance offered (e.g., work from home)

    Cons

    Salary and bonus not competitive Lot of work being sent offshore

    State Street2019-08-06
  2. "Great experience working at the company"

    StarStarStarStarStar
    Current Employee - Vice President 

    I have been working at State Street full-time

    Pros

    Friendly environment and great benefits

    Cons

    Large organization that is undergoing challenging times

    State Street2019-08-01
  3. Helpful (3)

    "Disappointing mix of incapable politicians and contemptible managers"

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

    I worked at State Street full-time for more than 10 years

    Pros

    If you live close to their office, you dont have to commute in Boston traffic

    Cons

    State Street was (and in some areas still is) a sleepy custodial bank, concerned with the boring parts of financial services. This meant you could survive by doing the same mediocre job year in year out. You could advance if you knew the right people and politicked effectively. The typical senior exec was a lifetime employee who grew up understanding a narrow operations role and assumed their "dont mess with the flow"...

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    Advice to Management

    Find a company that has a half decent culture and talk to the management about how they instill core values into the culture. Hold everyone from associate to MC member accountable not only for performance, but for creating a culture that values each employee and seeks to get the best out of them every day. Writing your values on the columns of a roman portico, branding it "The way ahead" does not give you license to...

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    State Street2019-08-15
  4. Helpful (1)

    "Big Financial Firm"

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

    I have been working at State Street full-time for more than 10 years

    Pros

    Young applicants can grow with the new business model

    Cons

    Process over content for development and business processing

    State Street2019-07-07
  5. "Work Life Balance"

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

    I worked at State Street full-time for more than 5 years

    Pros

    Good training, good benefits

    Cons

    Under staffing. Average client service Average operations support

    Advice to Management

    Invest in client service and operational support

    State Street2019-07-06
  6. Helpful (1)

    "Used to be a great place to work"

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

    I worked at State Street full-time for more than 5 years

    Pros

    Work from home was a plus.

    Cons

    Limited career progression. Main focus is on offshoring US based jobs.

    Advice to Management

    Value your employees more

    State Street2019-07-07
  7. Helpful (2)

    "Cost cutting over market differentiation"

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

    I worked at State Street full-time for more than 5 years

    Pros

    Many of the trappings if a good place to work: flexibility in location, decent vacation, generally good benefits.

    Cons

    Far too political. Too much focus on bottom line versus top line.

    State Street2019-06-27
  8. Helpful (3)

    "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,...

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    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
  9. "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
  10. "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
Found 274 reviews