State Street Reviews | Glassdoor.com.hk

State Street Reviews

Updated 17 Sep 2019

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Found 4123 reviews

3.1
StarStarStarStarStar
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)

More Pros and Cons
  1. "Finance COE Consultant"

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

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

    Pros

    Used Excel, Access and Oracle to manage company data and prepare reports. Created and managed company internal website.

    Cons

    Difficult to gather required information from external clients.

    Advice to Management

    A lot of opportunity for student development. People who I worked with had over 20 years of experience.

    State Street2017-04-29
  2. "Fund Accountant Associate 1"

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

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

    Pros

    Good working atmosphere, people are team working , good place to start a financial work

    Cons

    Not changing fast enough to match the market

    State Street2019-08-31
  3. "Disgraceful managers littered across the Global Markets team"

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

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

    Pros

    - Great medical and dental benefits - Some members of the wider team were respectful and a pleasure to work with (it is worth noting that these were not managers (the managers in particular were unprofessional, which says a lot about what kind of a person you need to be to climb the ladder)

    Cons

    - Very poor salary - for a Sales and Trading desk, the salary is far far below market average - Disgraceful managers in the Global Markets team - I would like to particularly call out the Sales team which was (and still is) led by some individuals who have absolutely no manners and were promoting a vicious culture of bullying and public embarrassment under the guise of "this will make you tougher and is good for... character building" - HR did nothing about this despite complaints and these individuals are still to this day very well protected at the Sales desk in SSGM Hong Kong - Be prepared to fetch coffee - whether you're an intern or a part of the Graduate program, you're expected to get lunch + coffees for traders + sales staff. We were even expected to get orders from people with whom we had no interaction with by managers and the senior leadership turned a blind eye towards this - this is because of the archaic and toxic 80's banking culture which seems to plague the organisation - the fact that the stock price has tanked over 50% in the last 2 years alone says a lot about how poorly this place is run - Promotions are SOLELY granted by tenure - the longer you've worked there, the higher you climb - merit, intellect, managerial skills do not matter at all

    Show More

    Advice to Management

    Fire all the managers and rebuild the team from scratch - just because people have been good for the company's results in the past does not mean they're good going forward - the recent results alone should tell you this

    State Street2019-08-21
  4. "Associate"

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

    I have been working at State Street full-time

    Pros

    It offers a diverse environment to work with people with different cultural background.

    Cons

    Teams and departments change functions frequently

    State Street2019-06-25
  5. "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
  6. "good work life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at State Street full-time

    Pros

    good work life balance, there is balance between pressure and life

    Cons

    not enough opportunity to be developing

    State Street2019-05-21
  7. "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
  8. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    No Opinion of CEO

    I worked at State Street full-time

    Pros

    Good company for career growth

    Cons

    Frequent change of senior management

    Advice to Management

    Keep staffing as part of importance

    State Street2019-04-18
  9. "Good company"

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

    I worked at State Street full-time

    Pros

    Work and life balance Good and open minded company culture

    Cons

    Salary is a bit below average A lot of policies and steps need to be passed before rolling out the projects

    State Street2019-03-28
  10. "Dull working environment , lack of management support"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Assistant Manager in Hong Kong
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Nothing much Staff basically just focused on working then leave No work life balance at all

    Cons

    - lack of management support - lack of change initiatives - lack of staff motivation

    State Street2019-04-11
Found 4123 reviews