State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews

Updated 11 November 2014
Updated 11 November 2014
1,352 Reviews
2.7
1,352 Reviews
Rating Trends

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State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
437 Ratings

Review Highlights

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 128 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 62 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 39 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 55 reviews)

More Highlights

246 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.  

    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

  3.  

    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
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  5.  

    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
  6.  

    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
  7.  

    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.

  8.  

    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
  9.  

    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
  10. 1 person found this helpful  

    Good, but highly bureaucratic

    • 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

    Good work/life balance.
    Competitive base salary and Merit based yearly bonus structure.
    Generous maternity/paternity leave and vacation for higher levels.

    Cons

    Highly bureaucratic and strict adherence to hierarchy.
    Not the place if you are somebody who thinks out of the box and want to do things differently as there are process hurdles.
    Attitude among folks is to get the operational system issues working and get by somehow rather than attacking the core of the issue and devising ways to apply a permanent fix which obviously requires some lateral thinking and more often than not, time pressure to deliver comes in the way.
    Be nice and visible and you will be rewarded well irrespective of the quality of work.

    Recommends
    Positive Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Great starting place to work on office personal skills and is easy to stand out.

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

    I have been working at State Street part-time (less than an year)

    Pros

    Great group of young co-workers and good way to get experience for recent college grads. Great benefits and the management tends to be promoted from within the company which gives makes for an understanding relationship. You can learn a lot about accounts and as long as you have a little bit of soft skills, its easy to make friends and do well. I work with a great team. Great if you get satisfaction from problem solving with numbers.

    Cons

    Compensation seems to be on the small end in the industry. You will work long hours depending on the group that you work for, but my team does push for working from home and flexing your schedule around your personal life in order not to burn out. People tend to only stick around for 1-3 years.

    Advice to ManagementAdvice

    Company does have a lot of turnover. Invest more immediate pay into your entry level if you want to see them stick around and not transfer out. Quit trying to cut costs by moving to smaller office spaces if you aren't going to distribute savings amongst employees.

    Recommends
    Neutral Outlook
    No opinion of CEO

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