State Street Global Markets Employee Reviews about "senior management"

Updated Apr 15, 2018

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Found 7 of over 135 reviews

3.5
88%
Recommend to a Friend
89%
Approve of CEO
State Street Global Markets Chairman, President & CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
34 Ratings
Pros
  • "Work life balance; good people; friendly environment(in 21 reviews)

  • "Working environment is nice, people are friendly(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
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    Reviews about "senior management"

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    1. 1.0
      Former Employee, more than 8 years

      Demoralizing, unsupportive, good-old boys network.

      Apr 15, 2018 - Onboarding in Boston, MA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I'm honestly struggling to find any. Working for this organization prompted me to completely change gears in my career, which I suppose is a pro. I guess working from home was also kind of nice.

      Cons

      Shady management only interested in their best interests. I suppose it's the industry in general, but it leaves a bad taste in my mouth when senior management 1) hire people to report into them and don't listen to their recommendations, and 2) berate and belittle those managers publicly - or simply shut them out and ignore them altogether. The pay was also mediocre, especially when compared with the rest of the industry. Asking for a raise is like asking for blood from a stone. Even when you document why a raise is warranted, a barrage of excuses pours out of management's mouths while their bonuses keep exceeding the previous years'. And your 2% cost-of-living increase in one of the country's most expensive cities might happen...if you're lucky.

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      3 people found this review helpful
    2. 3.0
      Current Employee, more than 5 years

      SSGM - Ancilliary Markets Division of Custody Bank

      Jul 11, 2017 - Anonymous Employee in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good work life balance/salary ok, people generally nice but not capital markets calibre at other banks

      Cons

      Part of custody bank therefore senior management in that division call the shots on how the business is managed even though they may not have a capital markets business mentality or experience.

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    3. 1.0
      Current Intern, more than 1 year

      Overall Experience

      Sep 22, 2014 - Trade Processor Associate in Hadley, MA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Company Reputation Work along with other interns Nothing else to say here No other pros ..

      Cons

      Awful senior management Company does not care about employees. I get the feeling the State Street feels as though anyone is replaceable if there is a cheaper option. Poor Pay Promotion to full-time role after graduation would be awful pay with little room to grow No incentives Treated like a robot. Poor performance is not scolded and good performance is not rewarded.

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      2 people found this review helpful
    4. 2.0
      Current Employee, more than 1 year

      Below average company

      Jan 28, 2014 - Vice President in Boston, MA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Flexible schedule and some good teams

      Cons

      Well, where to start. I have never come across a more badly managed company. Political bureaucracy has ruined the company that had a lot of promise. The company continues to partner with Wipro who just like all cheap products just offer low quality solutions and resources. No recognition for back breaking work. No raises. Negligible bonuses for employees that actual do the work. I am guessing senior management is raking in all the applause and money.

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      2 people found this review helpful
    5. 4.0
      Former Intern, less than 1 year

      Global Markets Intern

      Oct 16, 2013 - Global Markets Intern in Boston, MA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people and atmosphere. Large company yet small, intimate teams. Overall a great place to learn about the financial services industry and gain professional experience.

      Cons

      It is a big company - if you want direct access to senior management

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    6. 2.0
      Current Employee, more than 10 years

      Tonic Immobility

      Oct 9, 2012 - Vice President in Boston, MA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      It is an exceptionally strong franchise with solid core businesses. Much of the middle management has a tremendous depth of knowledge and they are ready and willing to share. It really helps with career development. They have made great strides in becoming more professional in HR - starting with the senior people on down. Career development, flextime, training, et al are no longer lip service.

      Cons

      There is also a clear lack of strategic direction. The current strategic plan is generic b-school pfaff that doesn't provide needed direction for the activites of the firm. The Senior Management fails time and again to trust and empower business unit managers. The decision making process around new product development is exceptionally restrictive, convoluted, and bureaucratic. People actively hire any consulting resource that has the ear of senior management so that they may be an advocate for the business unit. It is quite perverse. There is rarely any decisive decision making and virtually any person merely involved in the decision making process can kill a proposal by making unreasonable demands for more analysis. Management is heavy handed when new businesses fail to take off. Consequently, people are scared to take any risks (or even contribute to risk taking ideas for fear of being associated with failure). This deadly combination grinds good ideas and people to dust and is really a textbook failure of leadership at the senior levels.

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    7. 1.0
      Current Employee

      Not a place you want to work

      Oct 5, 2010 - Vice President in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      None, If you are looking for a place to hide then this is the place for you

      Cons

      To many to list, If you are Senior Management it is probably a good place to work

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