State Street

  www.statestreet.com
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State Street Reviews

Updated Jul 28, 2014
All Employees Current Employees Only

2.7 1,221 reviews

51% Approve of the CEO

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

Joseph (Jay) L. Hooley

(383 ratings)

39% of employees recommend this company to a friend

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
1,221 Employee Reviews
Relevance Date Rating
in
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Approves of CEO

     

    exciting for the first few months only

    Fund Accountant, Associate I (Former Employee) Sydney

    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

    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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    Cares about employee development

    Anonymous Employee (Current Employee) Sydney

    ProsState Street as a company encourages growth and development. While working for State Street (in relatviely junior roles) they have taken me from working in London, to the headquarters in Boston and now to Sydney (my original home). I now have a regional role in a field completely different from what I started my career in and this is all down to the development opportunities I have been offered.
    My manager is supportive in terms of flexibile work arrangements and I currently have the option to vary my start and finish times, work from home and compress my work week when neccessary.

    ConsAs it is a global company, and as I work on global initiatives, there can be days with long hours, especially when dealing with global conference calls. Unfortunately the Asia time zone always seems to come out worst! Mindsets can be very Boston-centric at times with many initiatives having a strong US bias. Turnover can be a bit of a struggle in Asia, having a knock on effect - the worse it gets, the harder it is for other staff members to keep on top of things, leading to more turnover. That said, it does create opportunities for others who want to move upwards.

    Advice to Senior ManagementSpend more time being visual to employees. Let them see you walking the floor every now and then.

    Yes, I would recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Approves of CEO

     

    Great!

    Anonymous Employee (Current Employee)

    Prosnice people, good programs, networking opportunities, tuition reimbursements

    Consworking hours are too long

    Yes, I would recommend this company to a friend

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    Great Company

    Fund Controller (Former Employee) Boston, MA (US)

    ProsI had previously work in the AIS Real Estate Performance Measurement area and always impressed at how they continued to search and improve ways to service their clients.

    ConsUpper management wasn't always forthcoming on how they felt about certain business groups.

    Advice to Senior ManagementI would recommend having a VP level person running a business group as the lower levels of management don't always have the experience level to properly service the clients. That level is to close to the work many times and can lose sight of what their clients are really looking for.

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

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    Good company low salaries

    Vice President (Former Employee) Boston, MA (US)

    ProsThe company is supportive of work-life balance and has a lot of opportunity to take advantage of their flex policy. The people you work with are really wonderful, smart and professional.

    ConsThe pay is low as compared to other companies similar in size and operation. Often businesses work in silos and it is hard to get things done. Senior management doesn't appear to make an effort to retain the best talent.

    Advice to Senior ManagementPromote and retain talent by paying market wages.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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    good people and good compay

    Associate (Current Employee) Hangzhou, Zhejiang (China)

    Prosgood people and good compay

    Consgood people and good compay

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    1 person found this helpful  

    Job..

    Project Manager (Current Employee) Boston, MA (US)

    Prosflexible flexible flexible flexible flexible

    Consbusiness lacks discipline business lacks discipline

    Advice to Senior Managementimprove your FT employee quality through better HR

    No, I would not recommend this company to a friend

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    IT Dept Summer Intern

    Intern (Former Employee) Boston, MA (US)

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

    ConsSome 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.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Approves of CEO

     

    Awesome place to work

    Assistant Vice President (Current Employee) Los Angeles, CA (US)

    ProsExcellent benefits, great team to work with.

    ConsNone that I can think of

    Advice to Senior ManagementNone

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

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