State Street Reviews

Updated August 28, 2014
Updated August 28, 2014
1,303 Reviews

2.7
1,303 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
410 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

852 Employee Reviews Back to all reviews

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  1. 5 people found this helpful  

    m'eh

    • 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

    Pros

    Good work-life balance, flexible hours, good culture

    Cons

    Poor staffing, laughably low salaries

    Neutral Outlook
    No opinion of CEO
  2.  

    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

  3.  

    Client Services Fund Accountant

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

    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
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  5.  

    Good company for college hire.

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

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

    Pros

    Training program, good team, above average benefits, support for flexibility.

    Cons

    A lot of overtime, no career planning, stressful.

    Advice to ManagementAdvice

    The company needs to address the high turn over rates in some of the operating units: work on retaining talents!

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    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
  7.  

    Good to work with

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

    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
  8.  

    review

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    global footprint, loyalty is high for employees with over 5 years, CEO tries to do the right things

    Cons

    management too hierarchical, some senior management has very archaic views that no longer apply, diminished benefits each year

  9.  

    Why I stay...

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

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

    Pros

    The people! I love the group I work with and the people that I manage on my team.

    Cons

    The salary is lower than competitors and metro area.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Good experience as an intern

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Great internal access to learn about the company and industry
    people are easy to get along with, no jerks that i worked with
    boston great city to work in

    Cons

    work was sometimes not very challenging
    work is very cyclical, sometimes very bored
    hours are very short relative to industry, pay is not the best

  11.  

    Rewarding yet Frustrating

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Representative  in  Quincy, MA
    Current Employee - Client Service Representative in Quincy, MA

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

    Pros

    Global Exposure to custody operations, good vacation, great opportunity to learn

    Cons

    Compensation is very low, personal growth has a ceiling, not everyone is as motivated

    Advice to ManagementAdvice

    trim the fat and bring in motivated people

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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