State Street "long hours" Reviews | Glassdoor.com.au

State Street Employee Reviews about "long hours"

Updated Sep 15, 2019

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Found 4118 reviews

3.1
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Rating TrendsRating Trends
49%
Recommend to a Friend
49%
Approve of CEO
State Street CEO Ronald O’Hanley
Ronald O’Hanley
163 Ratings
Pros
Cons
  • "Could be in for long hours sometimes(in 203 reviews)

  • "Lack of work life balance when working in Fund Accounting divisions(in 132 reviews)

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Reviews about "long hours"

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  1. "AVOID AT ALL COSTS! Place is a godless hell hole."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Associate - IMS in Sydney
    Doesn't Recommend
    Negative Outlook

    I worked at State Street full-time

    Pros

    Free fruit and biscuits in pantry.

    Cons

    Undoubtedly, by far the worst company to have ever worked for. Low Pay Long Hours Horrible Management (you're just another number to them) Quiet office - no one speaks to each other. Micromanagement 0 culture! Christmas parties are self funded.. Systems and technology are ARCHAIC!!!! The list goes on and on..

    Advice to Management

    loud is not necessarily right,, far too many painpoints to list.

    State Street2018-11-08
  2. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
     

    I worked at State Street

    Pros

    Good training and location good for fresh graduate

    Cons

    Low salary long hours average management

    State Street2018-09-23
  3. "Client Service Manager"

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

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

    Pros

    Good for a couple of years for inexperienced professionals. Potential to transfer to offices overseas. Lots of learning opportunities. All

    Cons

    Long hours, low pay, very stressful,only a select few get rewarded and recognized , very political, very hard to get things done as departments don't work effectively with each other, the good employees usually leave , senior ops mgmt.tend to get it wrong more often than not.

    Advice to Management

    Reexamine your employer evaluation system as too many employees are focused on "getting their name out there" that the daily BAU gets neglected and overall client service deteriorates.

    State Street2017-09-22
  4. "Client service"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sydney

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

    Pros

    Great training and team culture

    Cons

    Long hours No work life balance

    State Street2017-02-02
  5. Helpful (5)

    "Avoid if you can"

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

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

    Pros

    Large company so possibility of international moves. Good location in cbd. Free fruit on Tuesday's and Thursday's.

    Cons

    Ridiculously long hours are the rule and not the exception. Those who are willing to just accept that will get praise, those who refuse to give up their life when State Street says jump will be shunned. Lower pay than most competitors. Terrible middle management with no leadership qualities. Never experienced a lack of communication quite like it after 8 years in the industry. No training. Unbelievable rate of staff... turnover. Severely under resourced. Consistently failing technology. Offshore IT support in different time zones make the simplest of issues drag on for days. Offshore processing means many errors leading to constant apologising to clients.

    Show More

    Advice to Management

    Remunerate effectively. Listen to constructive feedback and take it onboard. Implement strong procedures. Most importantly communicate!

    State Street2016-08-10
  6. "Senior Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend

    I have been working at State Street full-time

    Pros

    People are generally warm and friendly

    Cons

    Long hours Peanut pay Not suitable for parents to work

    Advice to Management

    Promote work from home culture after 5pm.

    State Street2015-09-19
  7. Helpful (1)

    "Financial Reporting"

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

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

    Pros

    The initial learning was intense and interesting. Had a great team at that time who worked well and supported each other.

    Cons

    Long hours Low base pay Reward programs was a joke Lack of appreciation shown by management.

    Advice to Management

    Treat your staff better and show more appreciation, especially when they go above and beyond their job description. Provide more transparency in regards to the rewards program and provide feedback on how and why that particular grading was given and this relates to the rewards.

    State Street2013-06-20
  8. Helpful (3)

    "Account Analyst Sydney Australia"

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

    I have been working at State Street full-time for more than a year

    Pros

    Financial market oriented, training, CBD location

    Cons

    long hours work, deadlines, analytical

    State Street2013-04-24
  9. "Do well to get well"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at State Street

    Pros

    Opportunities are plenty to move around

    Cons

    Long hours, little work life balance

    Advice to Management

    Learn from mistakes

    State Street2012-09-25
  10. Helpful (2)

    "Poor compensation, hierarchical, low morale, high turnover of staff"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     in Sydney
    Doesn't Recommend
    Disapproves of CEO

    I worked at State Street

    Pros

    Not a bad stepping stone into the world of finance if you have no prior experience. Globally recognised employer / organisation. Possibility of getting broad exposure.

    Cons

    Some depts can work long hours with low pay. Low morale among staff and hence a high turnover. Disgruntled staff feel under appreciated. Beurocratic environment. Unwillingness among departments to take on responsibility and work together can be frustrating. Apathetic middle management.

    Advice to Management

    Improve pay. Encourage communication among departments. Incentivise and motivate staff. Realise that people are key to an organisation. Cross train.

    State Street2012-05-12
Found 4118 reviews