State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews

Updated 24 November 2014
Updated 24 November 2014
1,357 Reviews
2.7
1,357 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
440 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

248 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Opportunities to learn and get ahead

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

    I worked at State Street full-time

    Pros

    Variety of challenges, excellent systems and commitment to technology investments

    Cons

    comparatively lower salaries than competitors

    Advice to ManagementAdvice

    embrace diversity

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Heavily dependent on your group.

    • 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 full-time (more than an year)

    Pros

    The hours are great which include time to work from home.
    Many of the people are very nice with executives and leaders very accessible.
    The benefits are excellent and the website is well designed and easy to use.
    A good starting point for someone wanting to a career in the financial industry.

    Cons

    The pay isn't very good at all. On the low end of industry standard.
    Strange working hours can make it difficult to have a personal life.

    Advice to ManagementAdvice

    Reconsider the compensation packages to become more competitive within the business community.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Decent company, long hours during month/quarter/year end, lower pay than other opportunities.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant in Sacramento, CA (US)
    Former Employee - Fund Accountant in Sacramento, CA (US)

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

    Pros

    Good for someone coming out of school who wants to gain accounting/fund accounting experience.
    Company really tries to create a good culture inside and outside the office with a lot of access to groups like exercise groups, toastmasters, and other niche groups to help you unwind.
    Good accounting experience.
    Good place to work if you don't need a lot of money but want a rewarding accounting career and like a challenge.

    Cons

    Low pay for managers...hourly folks can make more than managers at times.
    Long hours during peak times: month-end, quarter-end, year-end...but that can be said of many accounting firms since that is the nature of accounting.

    Advice to ManagementAdvice

    Raising the base pay for employees would help you retain great talent.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    Relaxed and friendly work environment

    Cons

    Salary could be higher for entry level

  6.  

    Lots of Opportunity

    • 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 full-time (more than 8 years)

    Pros

    Can move up easily, lots of opportunities, can move departments easily. Lots of nice, helpful people with a team oriented environment.

    Cons

    Work life balance is an increasing challenge. Less people to get the job done in an ever increasing environment.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Pleasant company to work for.

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

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

    Pros

    Great training and leadership, relaxed work environment.

    Cons

    Lack of room for career advancement. Merit increase were fairly small.

    Advice to ManagementAdvice

    Incorporate more programs for employee training on industry wide systems.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Good first job

    Current Employee - Transfer Agent in Boston, MA (US)
    Current Employee - Transfer Agent in Boston, MA (US)

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

    Pros

    This has been my first job out of college and i've been here a year. It is a good first job. We get OT at certain times of the month. Good benefits.

    Cons

    HR was poor but i may just have got unlucky. It is hard to move up as promotions aren't given much.

  9.  

    Very good work/life balance. Salaries ok to good.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Analyst in Boston, MA (US)
    Former Employee - Project Analyst in Boston, MA (US)

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

    Pros

    Work Life Balance, advancement potential

    Cons

    Average salaries, limited internal salary advancement opportunities

    Recommends
    Approves of CEO
  10.  

    Self motivation required

    • 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

    Flexible work arrangements, competitive vacation policy, great place to start a career

    Cons

    Lack of standardized training, long hours, depending on your industry there is a fair amount of turnover

    Advice to ManagementAdvice

    Organize standard trainings to assist with on boarding new hires

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Associate 2

    • 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 full-time (more than 3 years)

    Pros

    stable, easy tasks, senior management are wll nice, work life balance is good

    Cons

    Not much career advancement, very few promotion opportunities

    Recommends
    Neutral Outlook
    No opinion of CEO

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