State Street Reviews

Updated 12 September 2014
Updated 12 September 2014
1,279 Reviews
2.7
1,279 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
402 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.  

    NICE Experience

    • Culture & Values
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    Culture, Lifework Balance..
    Smart People.
    Nice colleagues..
    Nice working environment

    Cons

    Job Security.
    Most of the work is Product support which is not suitable for developers with brilliant thoughts...

  2.  

    Entry level position

    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    You can almost find every kind of position you want to start a career in finance, through the three main divisions of the company.

    Cons

    Low salary compared to other corporations in the industry. Also not very sure about how easy it is to progress within a certain business unit in the company.

  3.  

    Great people

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Really enjoy the life work and time spent with the people of both my team and those all involved within the bank

    Cons

    money is ok, but the commute could be better after working long hours helping cover those out on vacation time

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  5.  

    Good

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate  in  Paris (France)
    Current Employee - Senior Associate in Paris (France)

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

    Pros

    Good atmosphere And good team spirit

    Cons

    Everything is ok . I like state street corporate culture

    Advice to ManagementAdvice

    None

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Client Services Fund Accountant

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

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

    Pros

    I like how my schdule never changes. Work hard during the week and have weekends off. The workload for everyday is different. Some requests that come in I am not familiar with but I have great supporting team around me to help solve the discrepancies. The office environment is very diverse. People are really polite and respectful mostly.

    Cons

    Sometimes the day can seem long. Some people working the food stations in the cafeteria on the second floor can act moody towards the actual state street workers.

    Advice to ManagementAdvice

    No complaints

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Opportunity and good people

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    State Street is a large company with plenty of opportunity for internal mobility including working in different locations in the US and abroad. Generally speaking the people are good to work with. The benefits package and paid time off is good as well

    Cons

    Like most financial service companies, State Street outsources a good amount of work on both the operations and IT side. This can lead to challenges in getting things done quickly and efficiently unless you adapt.

  8.  

    Great

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

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

    Pros

    Flexibility in working hours, liberalism, great people

    Cons

    Too many bureaucratic obstacles in getting things done

    Positive Outlook
    Approves of CEO
  9.  

    Global Leader

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

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

    Pros

    Great benefits & opportunities to gain experience.

    Cons

    Work-life balance is available in some parts of the company, not all.

    Advice to ManagementAdvice

    Make sure your management teams implement work-life balance oppertunites across the board.

    Positive Outlook
    Approves of CEO
  10.  

    Good to work with

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

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

    Pros

    So many nice people and things to learn.

    Cons

    some employees are very uncompetitive and I can do a much better job than some of the senior associate.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Good internship experience...but could have been better.

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

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

    Pros

    Friendly co-workers with a largely young workforce that interns can relate to; a lot of opportunity for promotion if you join the company after graduation; good location; meaningful work most of the time; flexible if something personal comes up

    Cons

    Starting salary is incredibly low - interns get paid the same or more per hour than an entry-level salary pays. Why offer so many internships when those now qualified students aren't going to want to stay with the company for this reason? Buildings are really spread out over the city so it's hard to get to know other interns/feel part of a commuinity

    Advice to ManagementAdvice

    Raise your starting salary and/or offer jobs at the end of the summer to make it seem like you care what happens to them afterwards

    Recommends
    Positive Outlook
    No opinion of CEO

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