State Street

www.statestreet.com
Employer Engaged

State Street Reviews

Updated February 25, 2015
Updated February 25, 2015
956 Reviews
2.9
956 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 132 reviews)

  • The flex work schedule, most people have an option to work from home twice a week (in 65 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 42 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 57 reviews)

More Highlights

956 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1.  

    Good company

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

    I have been working at State Street full-time (more than 8 years)

    Pros

    Great flex benefits and corporate culture

    Cons

    wage growth is slow and not nearly competitive in the market

    Advice to ManagementAdvice

    Market competitive pay

    Recommends
    Positive Outlook
  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.  

    A title helps significantly

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President Compliance in Boston, MA
    Current Employee - Assistant Vice President Compliance in Boston, MA

    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
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  5.  

    Great training classes

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

    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
  6. 2 people found this helpful  

    Poor appreciation of talent.

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

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

    Pros

    Good culture. Few work more than 50 hours per week.

    Cons

    Too many VPs & poor raises and bonuses. State Street doesn't reward ambition, performance, or talent unless you resign.

    Advice to ManagementAdvice

    Learn to compensate - beyond the EVPs.

    Recommends
    Negative Outlook
  7.  

    Not bad, but it is getting more difficult

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

    I have been working at State Street full-time (more than 8 years)

    Pros

    Generally supportive and collaborative environment, remote working options, decent benefits, lots of options to volunteer in the community

    Cons

    excessive and seemingly unrealistic cost savings targets, some bureaucracy (not that surprising given the size), factory-like approach to providing services yields few innovations in many operational areas, strong financial performance isn't reflected in employee compensation

    Recommends
    Positive Outlook
  8. 1 person found this helpful  

    Good Resume Booster

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

    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
  9.  

    Great work/life balance

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Great work/life balance. Flexible working schedule

    Cons

    No promotions. Minimum salary raise

  10.  

    Great benefits

    • 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

    Great benefits, salary good.Good opportunity.

    Cons

    Outsourcing departments has hurt what was once a smooth running "machine". People cared more when areas were kept in house, better morale.

    Advice to ManagementAdvice

    The employees would be more engaged if treated as people. Outsourcing hurt morale in several areas.

    Recommends
  11.  

    Unbalanced

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

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

    Pros

    Good Vacation policy (gave a lot of vacation time to compensate for low wages

    Cons

    Horrible training
    Low compensation
    Long hours where overtime is "not allowed"

    Advice to ManagementAdvice

    Provide actual training to your employees
    Compensate the hard workers and slackers proportionally

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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