State Street Vice President Reviews

Updated 29 May 2020

To filter reviews, or .
0.0
0%
Recommend to a Friend
State Street President and CEO Ronald O’Hanley
Ronald O’Hanley
0 Rating
  1. "A stagnant culture that is preventing a shift to modernization"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good work-life balance. Decent pay.

    Cons

    The senior leadership are deeply rooted in an old-school mentality which is preventing them from modernizing in a way that would allow them to become competitive amongst their peers. As actions speak louder than words, what goes on at this bank is in direct contrast to what is stated as a strategy. The looming concern is that if their abysmal technology stack is not modernized, they will continue to underdeliver to customers and fall further in competitiveness.

    Continue reading
    State Street2020-05-29
  2. "Great place to work"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Bangalore
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great place to work here. There are multiple job opportunities

    Cons

    Nothing much to discuss, depends on your immediate line manager.

    State Street2020-05-16
  3. "Good company to work for and learn from"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Vice President in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Lots of talented and smart people

    Cons

    High turnover at the management level

    State Street2020-05-03
  4. Helpful (1)

    "Not a good place to develop career"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - VP-Technology in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Work from home is a trend

    Cons

    waste time on develop anything

    State Street2020-04-11
  5. "quick take"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Vice President in Boston, MA
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

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

    Pros

    There are a lot of good people here in the "trenches".

    Cons

    Work environment, consistent awareness that each month employees would be losing their jobs to the restructuring of positions to offshore locations. Additionally, over the last few years there have been some mis-steps, that have made the headlines. These have been costly to the bank in monetary terms that has also impacted current employees and some who were in the "trenches" and wrongfully scape-goated.

    State Street2020-04-01
  6. Helpful (1)

    "Flexibility in work schedule; difficult environment and manual processes"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Flexible work schedules are available

    Cons

    Manual and siloed environment

    State Street2020-03-28
  7. "Some good, mostly bad"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Atlanta, GA
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

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

    Pros

    Flexible work schedule and the ability to work from home, overall a stable; reliable workplace, ability to learn and work in a unique environment that is valuable in the marketplace.

    Cons

    Always understaffed, no raises given in 2019, disconnect between decision makers and people actually doing the work and managing clients, little to no training provided to all levels of positions, most of leadership has been with the bank too long, clients are sold a product or service that is not the reality of what SSB is able to do, people that sell the business are not part of the client relationship after launch, the operating model is to work people as hard a possible until the burn out and they either become disgruntled or leave. Again, consistently understaffed.

    Continue reading
    State Street2020-03-28

    State Street Response

    March 30, 2020Brand Manager

    Thank you for your review on State Street. We take feedback like this seriously, so the concerns you have raised will be investigated internally. We appreciate you bringing this to our attention.

  8. "Ideal place to develop a long term career"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in Hong Kong
    Recommends

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

    Pros

    Excellent people, products, and processes.

    Cons

    Uncertainty around traditional custody bank model being disrupted by secular market developments.

    State Street2020-03-15
  9. Helpful (2)

    "There are no growth opportunities as they slowly close office"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in Clifton, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    The company is a well known name in fund administration, so having that on your resume is a plus.

    Cons

    The company is moving jobs offshore to lower cost locations in Asia. To avoid the costs of firing people, they are creating a toxic environment to force people to leave on their own.

    Continue reading
    State Street2020-03-11

    State Street Response

    March 30, 2020Brand Manager

    Thank you for your review on State Street. We take feedback like this seriously and will investigate your concern. We would encourage you to contact your local Employee Relations consultant to raise this feedback if you have not already done so, alternatively you can raise anonymously through the Speak Up line.

  10. "VP"

    3.0
    Former Employee - Vice President in Edinburgh, Scotland

    I worked at State Street full-time

    Pros

    Flex working Flexible benefits Colleagues

    Cons

    Complex structure No focus on staff development

    State Street2020-03-13
Found 287 reviews