State Street Reviews

Updated April 18, 2015
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3.0
1,002 Reviews
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State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
324 Ratings

1,002 Employee Reviews

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  1. Analyst Intern

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

    I have been working at State Street as an intern

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great place to work
    Easy to get along with the team
    Good pay
    Really enjoyed working the the quincy office everyone was very helpful

    Cons

    Long Hours
    Too many projects
    The HR took too long for request
    Pay stubs, Reimbursement, any tax documents
    The interview process took way to long

    Advice to Management

    I advice a better HR facility, that makes everyone feel more comfortable in the office,
    I wish I had more open communication about new projects and what was going on big picture

  2. Hedge fund operations

    • 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

    Neutral Outlook
    No opinion of CEO
    Neutral Outlook
    No opinion of CEO

    Pros

    Comfortable work environment, overtime compensation

    Cons

    Unless your moving up to another position, raises are almost non-existent. The yearly bonus is very minimal as well.

  3. Assistant Vice President

    • 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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Flexible Working Arrangements, Access to Training, lateral mobility

    Cons

    Limited upward mobility in some departments, constant expense reduction leads to staff reduction

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Great work/life balance, not a lot of training

    Current Employee - Bank Loan Specialist in Boston, MA
    Current Employee - Bank Loan Specialist in Boston, MA

    I have been working at State Street (more than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Work / Life balance
    Job mobility
    A lot of entry level positions

    Cons

    Huge company
    Poor salary / compensation

  6. Fund accountant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant in Sacramento, CA
    Current Employee - Fund Accountant in Sacramento, CA

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good place for new graduate or someone wants to have a new career

    Cons

    It will take longer time to know things if you are not accounting major

    Advice to Management

    Most of the Management teams are pretty good here

  7. I have been working at State Street

    Pros

    Good starting point
    Foot in the door
    Broad overview of business
    Weak management talent
    Inconsistent goals and employee expectations

    Cons

    Limited Growth
    Departmentalized
    The salaries are below industry averages
    There is a limited amount of exposure
    Hard to leave for other Boston Companies

  8. Pay too low. Turnover extrememly high.

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

    I have been working at State Street (more than a year)

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

    Pros

    Depending on the department you are in, there are some great people to work for and with within the company. Great place to get your foot in the door.

    Cons

    The pay is incredibly low, and the stress/workload quite high, comparatively. Because of this there is a huge amount of turnover, which leaves employees who stick around the duty of training a lot of new employees and doing the work of two people.

    Advice to Management

    Pay better, have more respect for employees, don't gossip and form cliques.

  9. Lacks Ingenuity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant in Boston, MA
    Current Employee - Fund Accountant in Boston, MA

    I have been working at State Street

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Regular Overtime at 1.5x pay

    Cons

    Overtime is needed only because manual tasks have not been optimized

    Advice to Management

    Listen

  10. Professional!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Administrator in Boston, MA
    Current Employee - Fund Administrator in Boston, MA

    I have been working at State Street

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Lots of opportunity to move up and advance. Great pace to start a career.

    Cons

    You can become stagnant career wise.

    Advice to Management

    There is a role hierarchy that makes it hard to collaborate with team members.

  11. Helpful (2)

    officer

    • 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

    Doesn't Recommend
    Doesn't Recommend

    Pros

    large company, lots of horizontal mobility opportunities

    Cons

    Pay way below market value. Business models submitted by upper level management have made daily tasks more difficult.

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