State Street

www.statestreet.com
Employer Engaged

State Street Reviews

Updated 20 February 2015
Updated 20 February 2015
200 Reviews
1.0
200 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
200 Ratings

Review Highlights

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 132 reviews)

  • The flex work schedule, most people have an option to work from home twice a week (in 65 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 42 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 57 reviews)

More Highlights

200 Employee Reviews Back to all Reviews

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  1. 2 people found this helpful  

    Worst company in financial services

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Analyst
    Current Employee - Account Analyst

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

    Pros

    CBD location
    Not too bad company for someone who can't find job somewhere else

    Cons

    Very low pay
    Lack of support from management
    High bureaucracy.
    High office politics and the worst office culture I have ever seen
    Most people are settled and have no ambition
    Young ambitious talents are all looking for another job because they are not appreciated.
    Factory like working environment
    Stressful but very boring jobs
    Allowance is a joke
    Exploit interns with no intention to keep them.

    Advice to ManagementAdvice

    please show appreciation for analysts who actually work hard to run the company.
    Review the salary at least to match the competitors' average to keep your talents

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Financial Reporting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Specialist in Sydney
    Former Employee - Financial Specialist in Sydney

    I worked at State Street full-time (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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    The worst company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Sydney
    Former Employee - Analyst in Sydney

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

    Pros

    training is good
    city location
    good start stepping stone

    Cons

    they treat you like a number
    very bad culture
    pay is very low

    Advice to ManagementAdvice

    treat your employees well

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 1 person found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Sydney
    Former Employee - Anonymous Employee in Sydney

    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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  6.  

    Low morale

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

    I have been working at State Street

    Pros

    Nice people
    work life balance OK

    Cons

    Horrible morale
    Horrible pay
    Horrible hierarchy
    No communication within immediate groups or between groups
    Lack of career path
    Lack of growth

    Advice to ManagementAdvice

    Focus more on your people.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  7. 1 person found this helpful  

    House of Cards

    Current Employee - Associate II in Kansas City, MO (US)
    Current Employee - Associate II in Kansas City, MO (US)

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

    Pros

    4 weeks vacation after two years

    Cons

    There is zero work-life balance

    Advice to ManagementAdvice

    The business transformation was a mistake. You are now teaching people to push buttons, while not explaining why they are pushing them. More mistakes will keep happening when no one knows how to prevent them. Management is uniformed and uninspiring. This company is a house of cards

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Terrible Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate in New York, NY (US)
    Current Employee - Senior Associate in New York, NY (US)

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

    Pros

    They employ a lot of Temps and HB1 Workers.

    Cons

    Terrible environment for an entrepreneurial spirit.

    Advice to ManagementAdvice

    Get a clue!

    Doesn't Recommend
    Neutral Outlook
  9.  

    Run Away

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

    I have been working at State Street

    Pros

    There are really no pros to working at State Street. It is an okay entry level job, but prepare to get out as soon as you can.

    Cons

    Work you like a slave and working for 32000 is a slap in the face professionally. Nobody is happy here and everyone tries to get out.

    Advice to ManagementAdvice

    Pay more and then everyone might not leave.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Intern - Fund Service

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Fund Service in Hong Kong (Hong Kong)
    Former Intern - Fund Service in Hong Kong (Hong Kong)

    I worked at State Street as an intern (less than a year)

    Pros

    Managers don't care anything at all

    Cons

    I was told I would have chances to learn a lot through 6 months intern. However, I quited within one week. teammates here with long term working experience speak very bad English. I am wondering how they were hired in the first place. All things here were following the procedures. 

    Advice to ManagementAdvice

    no advice

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Corp Audit

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    Travel, Work Life, Balance, Health Insurance, Movement

    Cons

    Comp, Benefits, Culture, Management, People

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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