State Street Reviews

Updated 29 September 2014
Updated 29 September 2014
1,293 Reviews
2.8
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
410 Ratings

Review Highlights

Pros
  • Company has good benefits and is looking to improve work/life balance for employees (in 122 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 60 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 40 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 51 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Reconciliation Associate  in  Pune (India)
    Current Employee - Senior Reconciliation Associate in Pune (India)

    I have been working at State Street full-time for more than 3 years

    Pros

    Best bank to start with, lots of exposure to financial services market

    Cons

    Pay is not good as compared to peer groups

    Recommends
    Neutral Outlook
  2.  

    Intern

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

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

    Pros

    Great Work environment... I was on a wonderful floor with a great team and the pay was great for an intern.

    Cons

    No defined goals for Intern, Could have gotten more out of us if we had a defined goal.

    Advice to ManagementAdvice

    None

    Recommends
    Approves of CEO
  3.  

    Good place to gain industry knowledge

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

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

    Pros

    Good people you work with

    Cons

    Not a lot of room for advancement

    Advice to ManagementAdvice

    Pay more.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Plenty of opportunity

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

    I worked at State Street full-time for more than 10 years

    Pros

    People are great, lots of opportunity to expand knowledge and to advance up/around the organization. Opportunities to work from home or in one of the other offices located in the area when needed. Training is available via online courses, webinars, onsite.

    Cons

    Expect to work a lot - nights/weekends. Senior management disconnected from the front line issues. Organization too large and bureaucratic to adapt to changes or effectively address issues.

    Advice to ManagementAdvice

    Focus on creating a vision of where the organization is going and effectively communicate it at all levels so that everyone knows and buys into the process. Find a way to infuse energy into the company and excitement about what you are doing and where you are going.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Leading edge in Financial Transformation

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

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

    Pros

    Opportunities to contribute to transformation of the organization and move it forward. Great worklife balance, which I think off-sets the fact that State Street tends to have lower salaries than competitors.

    Cons

    Constant cost cutting does provide concerns around long-term job security. Highly political especially at high VP and SVP levels.

    Advice to ManagementAdvice

    Politics and implied power of some SVPs has prevented the organization from getting the most out of its transformation efforts.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    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.

  8.  

    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
  9.  

    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
  10.  

    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
  11.  

    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

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