State Street
2.8 of 5 1,010 reviews
www.statestreet.com Boston, MA 5000+ Employees

State Street Reviews

Updated Apr 12, 2014
All Employees Current Employees Only

2.8 1,010 reviews

                             

51% Approve of the CEO

State Street President and CEO Joseph L Hooley

Joseph L Hooley

(323 ratings)

40% of employees recommend this company to a friend
1,010 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "work/life balance is great because the incentive to work overtime is non-existent"
    in 82 reviews
  • "Work From Home Opportunities, Sacramento Office is in the DT Hub; lots of restaurants around"
    in 38 reviews
Cons:
  • "Find the wrong group and you can kiss work/life balance out the window"
    in 29 reviews
  • "Not investing enough resources in the entry level positions"
    in 37 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
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  • Approves of CEO

 

Account Analyst Sydney Australia

Anonymous Employee (Current Employee)

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

ProsFinancial market oriented, training, CBD location

Conslong hours work, deadlines, analytical

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Ain't what it used to be....

Anonymous Employee (Current Employee)

I have been working at State Street

ProsWork / life balance
Great central location
Exec super at 14%

ConsBehind market on salaries
Staff favouritism - opportunities for those favoured by management

Advice to Senior ManagementMD should consider reviewing marketing team with a view to restructure or remove one individual which would increase Staff morale

Senior management should step up when they are aware of unethical behaviour by other senior members not ignore it

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1 person found this helpful  

Worst company in financial services

Account Analyst (Current Employee)

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

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

ConsVery 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 Senior Managementplease 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

No, I would not recommend this company to a friend

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Account Analyst Fund Operation

Account Analyst (Former Employee)
Sydney

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

Proslarge global company
good for people who have little ambition

Conslow pay
high turnover
boring job
factory like

Advice to Senior Managementoffer competitive salary

No, I would not recommend this company to a friend

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Financial Reporting

Financial Specialist (Former Employee)
Sydney

I worked at State Street full-time for more than 3 years

ProsThe initial learning was intense and interesting.
Had a great team at that time who worked well and supported each other.

ConsLong hours
Low base pay
Reward programs was a joke
Lack of appreciation shown by management.

Advice to Senior ManagementTreat 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.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Do well to get well

Anonymous Employee (Current Employee)

I have been working at State Street

ProsOpportunities are plenty to move around

ConsLong hours, little work life balance

Advice to Senior ManagementLearn from mistakes

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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boring job with low pay; no career future

Associate (Current Employee)
Sydney

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

Proseasy job, no stress and good company location

Consculture is slow and lack of innovation

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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The worst company to work for

Analyst (Former Employee)
Sydney

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

Prostraining is good
city location
good start stepping stone

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

Advice to Senior Managementtreat your employees well

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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exciting for the first few months only

Fund Accountant, Associate I (Former Employee)
Sydney

I worked at State Street

Proswork environment was not too competitive. employees get along with each other pretty well. the job was not too hard. quite a good start for fresh graduates. for master's students, it was way too low to start in here.

Consthe system used is solely for state street, unlike jp morgan or anz who use the same system. knowledge gained from state street (system wise) are not transferable. promotion opportunities are limited.

Advice to Senior Managementnot too much delegation on the analysts. managers and client accountants should be aware of what is going on too. clients would not be impressed with managers or client accountants who were not competent to answer their queries.

Yes, I would recommend this company to a friend

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analyst at state street australia

Anonymous Employee (Former Employee)
Sydney

I worked at State Street

Prosgood work and life balance. laid back environment. managers try to avoid overtime by all means, which means employees get to go home on time.

Consmany inexperienced and undedicated colleagues. not much training given in the beginning. learn as you go is the motto. many employees don't take their work seriously.

Advice to Senior Managementreview the recruitment process. be sure to hire people with flexibility which means having the time to work the extra hours required instead of pressuring the other employees who are reluctantly covering for the unavailability of these undedicated employees.

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