State Street

www.statestreet.com
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Employee Reviews

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  1.  

    A smart people factory.

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

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

    Pros

    Amazing people get recruited in
    Great brand, relatively conservative investment bank
    Great job stability

    Cons

    Many departments are ridiculously bureaucratic and "corporate" by any company's standards. If you're looking for a super fun environment, this isn't going to be it.
    Innovative ideas are not really supported by the middle managers, so you have to fight really hard to get something going or else do what most people do and just emotionally withdraw and clock-in clock-out. This is why most people leave after 2-3 years.

    Advice to ManagementAdvice

    Encourage middle management to embrace internal innovation instead of just paying it lip service.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    It is what you make of it

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    If you want to work hard and be flexible, you can move up

    Cons

    large corp, sometimes you can feel like a number and not a name

    Advice to ManagementAdvice

    eat lunch in the café every now and then...

  3.  

    Great Start to Your Career...BUT...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Representative in London, England (UK)
    Current Employee - Client Service Representative in London, England (UK)

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

    Pros

    Wealth of online training resources
    Relaxed atmosphere
    Nice restuarant
    Usual benefits including Private Medical Insurance, BUPA health screenings, childcare vouchers, plus high street shopping vouchers,

    Cons

    Reluctance to promote
    Low salaries
    Non-exsistent pay-rises
    Low bonuses
    Too many layers of management

    Advice to ManagementAdvice

    Show that you value your employees and then (shock horror) they won't want to leave!
    Get rid of 50% of management - there are too many and they are completely unnecessary.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Good Resume Booster

    • Career Opportunities
    Current Intern - Junior Fund Accountant in Sacramento, CA (US)
    Current Intern - Junior Fund Accountant in Sacramento, CA (US)

    I have been working at State Street as an intern (less than a year)

    Pros

    - Friendly workers
    - Lots of company events

    Cons

    - Everyone dislike their jobs and openly talks about it
    - The hierarchy is very apparent

    Doesn't Recommend
  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.  

    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
  8. 1 person found this helpful  

    Currently on a path of change.

    • 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 (more than 10 years)

    Pros

    In the beginning of a major change in both senior and lower level management change the company is working to find the right balance for outsourcing many accounting functions to India. This has been difficult for many but new management will eventually turn thing around.

    Cons

    Losing a number of dedicated employees to transformation has been very difficult to both employees who have left as well as for those who have stayed.

    Doesn't Recommend
    Neutral Outlook
  9.  

    It is what you make it.

    • 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

    There is a great opportunity for internal movement and location change. Some great managers to learn from.

    Cons

    High turnover and lower salary

    Advice to ManagementAdvice

    Invest in staff.

    Recommends
    Positive Outlook
  10.  

    Good experience - average salary

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate in London, England (UK)
    Former Employee - Senior Associate in London, England (UK)

    I worked at State Street full-time (more than 5 years)

    Pros

    It does give you a good work life balance if you play your cards well. Salary is safe. There some very good people working there but not all of them will stay for long.

    Cons

    It is too IT oriented, if you let them they squeeze as much as they can. Progressing is not easy.

    Advice to ManagementAdvice

    The higher management should be really looking into who is adding value within the chain. A lot of middle management does not have the skills required.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Financial Reporting Administrator

    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    - Great Co-workers
    - Learned a lot about financial reporting of mutual funds

    Cons

    - Not enough work to keep you busy for a whole day

    Advice to ManagementAdvice

    - Teach more to interns or provide them with more difficult tasks

    Recommends
    Neutral Outlook
    No opinion of CEO

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