State Street

www.statestreet.com
Employer Engaged

State Street Reviews

Updated 25 February 2015
Updated 25 February 2015
281 Reviews
4.0
281 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
281 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

281 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.  

    Good company

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

    I have been working at State Street full-time (more than 8 years)

    Pros

    Great flex benefits and corporate culture

    Cons

    wage growth is slow and not nearly competitive in the market

    Advice to ManagementAdvice

    Market competitive pay

    Recommends
    Positive Outlook
  3.  

    Positive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accounting Vice President in Dublin, Dublin (Ireland)
    Current Employee - Fund Accounting Vice President in Dublin, Dublin (Ireland)

    I have been working at State Street full-time (more than 10 years)

    Pros

    Great staff and teams, a number of internal vacancies to grow ones career

    Cons

    Can be long working hours

    Recommends
    Positive Outlook
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  5.  

    A title helps significantly

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

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

    Pros

    successful operation, specialized and skilled in the trust arena, old-fashioned full benefit packages.

    Cons

    You are NO ONE without a title here.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Great training classes

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Administration in Kansas City, MO (US)
    Current Employee - Fund Administration in Kansas City, MO (US)

    I have been working at State Street

    Pros

    Great learning experience during the first year.

    Cons

    Very busy when your team is working in cycle

    Advice to ManagementAdvice

    more business related classes- for example, business communication skills

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Great benefits

    • 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

    Great benefits, salary good.Good opportunity.

    Cons

    Outsourcing departments has hurt what was once a smooth running "machine". People cared more when areas were kept in house, better morale.

    Advice to ManagementAdvice

    The employees would be more engaged if treated as people. Outsourcing hurt morale in several areas.

    Recommends
  8.  

    Long working hours.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant in Zabierzów, Lesser Poland (Poland)
    Former Employee - Fund Accountant in Zabierzów, Lesser Poland (Poland)

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

    Pros

    medical insurance, multisport card to use in many venues, many young people, good location of the office, availibility of language courses

    Cons

    unconvinient working hours, too many overhours, many issues daily, to finish work need to count on other teems meeting deadline

    Advice to ManagementAdvice

    should spend more time with employers to see how work really looks like

    Recommends
    Positive Outlook
  9.  

    Good place to start

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

    I have been working at State Street

    Pros

    Flexibility, Team environment, ability to learn, company support, opportunity - there are many training initiatives and that is very encouraging in how the company urges continuous improvement.

    Cons

    I can not really think of any actual cons to working here. there is a nice balance to everything although sometimes the urge to step away and have more free time during the day.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great company!

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

    I worked at State Street

    Pros

    State street has its perks and an online platform where you can shop for discounts. Multiple clubs are offered for full time and interns. I really liked how they integrated the interns into the working culture and environment. We were invited to do outreach programs to give back to our local Boston community which was a great way to get to know my colleagues and do good for the local community.

    Cons

    The working culture is very hierarchial but that is to be expected from a financial service company. No particular cons except for the fact that the company is extremely large (can be good or bad).

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Good opportunities for go-getters

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

    I have been working at State Street full-time (more than 10 years)

    Pros

    The company is continuously reinventing itself, creating new opportunities.

    Cons

    Part of this reinvention also means that reorganizations have become a way of life in many divisions.

    Advice to ManagementAdvice

    Culture v. earnings - both matter to companies who want to thrive for the long term.

    Recommends
    Neutral Outlook

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