State Street Reviews

Updated 13 September 2014
Updated 13 September 2014
1,281 Reviews
2.7
1,281 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
404 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    exciting for the first few months only

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Fund Accountant, Associate I  in  Sydney
    Former Employee - Fund Accountant, Associate I in Sydney

    I worked at State Street

    Pros

    work 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.

    Cons

    the 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 ManagementAdvice

    not 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.

    Recommends
    Approves of CEO
  2.  

    analyst at state street australia

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

    I worked at State Street

    Pros

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

    Cons

    many 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 ManagementAdvice

    review 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.

  3.  

    Cares about employee development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Sydney
    Current Employee - Anonymous Employee in Sydney

    I have been working at State Street

    Pros

    State 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.

    Cons

    As 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 ManagementAdvice

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

    Recommends
    Approves of CEO
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  5.  

    Good entry level job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Trade Processor A1  in  Hadley, MA (US)
    Current Employee - Trade Processor A1 in Hadley, MA (US)

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

    Pros

    We get the chance to work from home sometimes, we can take breaks anytime

    Cons

    the salary is a low, the training is very limited.

  6.  

    Good place

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

    I have been working at State Street as a contractor for less than a year

    Pros

    Good culture and great environment

    Cons

    Traffic is bad from all directions

    Advice to ManagementAdvice

    Great environment

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Very good to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant  in  New York, NY (US)
    Current Employee - Fund Accountant in New York, NY (US)

    I have been working at State Street full-time for more than 5 years

    Pros

    Talented managers, helpful, they work with you, obviously there is a work load, but if you know your material well, you can do it

    Cons

    Very strict environment, managers are always around you, look for you, never felt like you are a free bird

    Advice to ManagementAdvice

    Trust your employees,

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Really loving it here.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Officer  in  New York, NY (US)
    Current Employee - Officer in New York, NY (US)

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

    Pros

    Great management, very supportive work environment, much better culture than the other GSIFIs. A place I can really see myself staying for a while.

    Cons

    The NY office isn't as nice aesthetically as the Boston office, but the pros mentioned above far outweigh this small downside.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Eh

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

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

    Pros

    Corporate culture and infrastructure support flex work, especially remote work

    Cons

    The only way to get promoted is to come in from the outside.

    Doesn't Recommend
    Disapproves of CEO
  10.  

    State Street - Bank Loans Specialist

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Ability to advance quickly if you are placed on the right team

    Cons

    Very low pay, you don't start making decent money until you get promoted to Senior

  11.  

    high quality of life, but low pay

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

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

    Pros

    3 weeks vacation and sick days, pretty much pick your schedule

    Cons

    very low pay, almost impossible to survive.

    Advice to ManagementAdvice

    Increase pay so people dont have to work 2nd jobs to avoid living paycheck to paycheck

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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