State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews

Updated 19 November 2014
Updated 19 November 2014
1,352 Reviews
2.7
1,352 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 128 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 62 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 39 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 55 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great Entry-Level Job

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Functional Specialist in Boston, MA (US)
    Current Employee - Functional Specialist in Boston, MA (US)

    I have been working at State Street full-time (less than an year)

    Pros

    Grasping all the job responsibilities in one week is doable by taking notes and asking questions. Every day the job is pretty much the same, so you would naturally get faster and faster at it. Lots of interesting web-based and classroom classes for free, so if there is a subject that you need to brush up on - they're perfect! The view of Boston and the harbor is breathtaking. Co-workers are extremely nice and friendly. I am looking forward to spending as many years as I can at this company.

    Cons

    When running into a few software issues, the IT help desk could take a really long time to solve your issue.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Lots of Opportunity

    • 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 full-time (more than 8 years)

    Pros

    Can move up easily, lots of opportunities, can move departments easily. Lots of nice, helpful people with a team oriented environment.

    Cons

    Work life balance is an increasing challenge. Less people to get the job done in an ever increasing environment.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Nice people but not very challenging

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

    I have been working at State Street full-time (less than an year)

    Pros

    Companies official working language is English which allows you to live in Germany but work in English. Nice atmosphere and people, hardly any long hours unless one wants.

    Cons

    Job not challenging enough, people act as civil servants. Very disorganized, duplication of efforts country to country.

    Recommends
    Approves of CEO
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  5.  

    Overall, over years

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

    I worked at State Street

    Pros

    Typically offered good contracts of good duration and was enjoyable to work for as a company, where employees felt valued.

    Cons

    Current atmosphere of reductions the last few years have been less than conducive to a spirit of high production and positive company PR.

    No opinion of CEO
  6.  

    Great place to gain market knowledge!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Luxembourg (Luxembourg)
    Current Employee - Anonymous Employee in Luxembourg (Luxembourg)

    I have been working at State Street full-time (less than an year)

    Pros

    There is always some kind of training going on, so you can gain as much training as you want if your manager allows. Compared with some other companies the benefit package is good and working life balance is some how reasonable.

    Cons

    No promotion, lack of team spirit,low salary and poor mid management.

    Advice to ManagementAdvice

    Step up or step down. Put some young professional in mid managhement .

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    State Street

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

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

    Pros

    Most departments offer flex work schedules for a work/life balance for it's employees. They are very volunteer focused to give back to communities.

    Cons

    Leadership lacks employee focus and growth and is more concerned with bottom line and return on stock holders earnings per share.

    Advice to ManagementAdvice

    Compensation to lower employees were below market average.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Pleasant company to work for.

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

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

    Pros

    Great training and leadership, relaxed work environment.

    Cons

    Lack of room for career advancement. Merit increase were fairly small.

    Advice to ManagementAdvice

    Incorporate more programs for employee training on industry wide systems.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Great Starting Position

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

    I have been working at State Street full-time (less than an year)

    Pros

    Great Benefits and have a good work/life balance. The coworkers are great and make time at work enjoyable. Good chance to move up in the company.

    Cons

    Low pay but the company and benefits make up for it. Long hours but it is worth it in a starting position.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Very good work/life balance. Salaries ok to good.

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

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

    Pros

    Work Life Balance, advancement potential

    Cons

    Average salaries, limited internal salary advancement opportunities

    Recommends
    Approves of CEO
  11.  

    Good first job

    Current Employee - Transfer Agent in Boston, MA (US)
    Current Employee - Transfer Agent in Boston, MA (US)

    I have been working at State Street full-time (more than an year)

    Pros

    This has been my first job out of college and i've been here a year. It is a good first job. We get OT at certain times of the month. Good benefits.

    Cons

    HR was poor but i may just have got unlucky. It is hard to move up as promotions aren't given much.

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