State Street

  www.statestreet.com
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State Street Reviews

Updated 18 August 2014
Updated 18 August 2014
1,293 Reviews

2.7
1,293 Reviews
Rating Trends

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

Review Highlights

Pros
  • Company has good benefits and is looking to improve work/life balance for employees (in 120 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 55 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 36 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 47 reviews)

More Highlights

234 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

    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.  

    Good experience as an intern

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great internal access to learn about the company and industry
    people are easy to get along with, no jerks that i worked with
    boston great city to work in

    Cons

    work was sometimes not very challenging
    work is very cyclical, sometimes very bored
    hours are very short relative to industry, pay is not the best

  3.  

    Excellent company with above average benefits.

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

    Pros

    The company is a large global company and offers several different areas to help further your career.

    Cons

    The company has lot some of their focus on their core employees and has overemphasised senior management.

    Advice to ManagementAdvice

    Start focusing more on your employees with regards to benefits.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Relaxed work environment

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

    Pros

    relaxed work env; people were generally nice and easy going. good location.

    Cons

    no job security after the Great Recession. work can be haphazard. Some managers are not good to work for; they heckle you.

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    IT Dept Summer Intern

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

    Pros

    Very friendly people. Supervisor took time out of her schedule to get me up to speed and made sure I knew what I was doing.

    Cons

    Some people may find it boring. I personally always had work to keep me occupied. May not understand the a lot of terms even after the internship ends.

    Recommends
    Approves of CEO
  7.  

    Happy with my overall experience at State Street bank.

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

    Pros

    State Street believes that if you are hired for a job, you should be able to do the job. They do not micromanage.

    Cons

    If you did not work in the home city of Boston, growth potential was very limited and they tend to treat you as the ugly step-child.

    Advice to ManagementAdvice

    Treat all your employees as professionals.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    I loved every minute working at State Street.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Officer  in  Boston, MA (US)
    Current Employee - Operations Officer in Boston, MA (US)

    Pros

    There are lots of opportunities for lateral as well as promotional advancement. The office environment is clean and they have opened brand new offices in Boston in recent years.

    Cons

    At times it felt like a boys club, but feel that it has gotten better. Depending on the individual, at time the atmosphere was very collegiate, and did not always feel professional.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    My experience at state street has been rewarding.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate - Client Operations  in  Boston, MA (US)
    Current Employee - Senior Associate - Client Operations in Boston, MA (US)

    Pros

    Benefits are the most attractive aspect of working at State Street. If your interest in returning to school the tuition reimbursement is high at up to 10,000.00 per year. Up to 80% of medical is covered depending on the plan. I've spent my whole career in mutual fund operations but there are mobility opportunities as it is such a large company. There is a big emphasis on training and a lot of resources for professional and technical development if you are motivated to learn.

    Cons

    Salary is on the low end compared to competitors.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Been here ten years; there's a lot of good and some...not so good.

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

    Pros

    The benefits are great! Not just dental, health, vision, etc. but a decent perks website for travel and goods discounts. Free admission to the MFA for you and a guest every time you go. You have to either kill someone or get caught selling drugs in the office to get fired (different than being laid off - see "cons".) SSB is very big on global inclusion, diversity, social issues, supporting the arts and the community.

    Cons

    So focused on the bottom line that they've forgotten about the emotional well-being of their employees above and beyond offering great benefits. They do have a great Flex work program but you're still expected to work 60+ hours a week if you're an AVP or above. Work/Life balance is one of their "core tenets" but they don't practice what they preach.

    Advice to ManagementAdvice

    Don't forget about the people working for you while you're scouring teams for processes to move to India, China, Poland, etc. "Doing more with less" isn't a bad thing but you still need to understand that people earn vacation, flex time, etc. and should be able to take it.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    State Street was a great place to launch my career

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

    Pros

    I feel I benefited from the company's commitment to allowing employees the flexibility to work from anywhere (role permitting) and its commitment to mentorship. They also provided great training for new employees and ongoing training for existing employees.

    Cons

    The company could be too bureaucratic at times

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