State Street Reviews

Updated April 18, 2015
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2.0
390 Reviews
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State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
125 Ratings

390 Employee Reviews

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  1. A casualty of the Great Recession

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Custody Specialist in Kansas City, MO
    Former Employee - Custody Specialist in Kansas City, MO

    I worked at State Street full-time

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Great benefits, among the best
    Good workspace layout

    Cons

    Pay is substandard.
    Lots of management doublespeak.
    Promotions based more on buddy system than merit.
    Unrealistic expectations by operations management.

    Advice to Management

    Quit overpaying for M&A and then leaning on those in trenches to recover money wasted by bad decisions.

  2. 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.

  3. Helpful (1)

    Senior Associate

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

    I have been working at State Street

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Exposure to top-tier instituions and clients.

    Cons

    Too many loop holes - segregated processing groups. Have no problem letting go of talent.

    Advice to Management

    None

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  5. current employee

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    There is a work/life balance

    Cons

    There is too much outsourcing

    Advice to Management

    stop outsourcing

  6. Helpful (3)

    not good

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

    I worked at State Street

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Good pay for local internship, flexible hours with classes

    Cons

    Horrible management, work is repetitive and could be done by 13 year olds

    Advice to Management

    Go to college

  7. Review of State Street

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

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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Flexible work arrangement. Employees get to work from home several days per week.

    Cons

    Too stressful. They expect you to take on a workload of several people.

    Advice to Management

    Don't try to overload employees with work.

  8. Helpful (5)

    Used to be good...but no longer....STRESSED!!

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

    I worked at State Street full-time (more than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    free courses online, classroom courses too but who has the time?
    benefits -ok
    find a good mgr and you'll be fine

    Cons

    If you report to HR about your mgr, you're the next one to go.
    promotion-depends on if mgr likes you, not your hard work
    forces employees to join leadership program when they don't want to be a leader
    forces employees to enroll in common sense classes - waste of time
    requires secondary review of work...hello...where's the other person to review your work?..oh...there is no other person...they've been laid off, fired or left, sorry, no excuse
    don't do ot, you're not going to get paid OT and you'll get a warning if you don't finish

    Advice to Management

    everyone is stressed, understand your employees, appreciate their hard work, stop talking to them like they're 5 year old, we get it, risk is a big thing
    But do you get it? not enough people, 1 person doing work of 5, not enough time to meet deadline, more mistakes, RISK
    2 pprs-ridiculous, waste of time

  9. It seems like a good company that shows concern for its employees

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

    I have been working at State Street part-time (less than a year)

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

    Pros

    Its good for your resume if you get an internship but its not the typeof company to stay too long at

    Cons

    They use old financial software and thats not really user friendly. Days spent at the office are long and boring

    Advice to Management

    Management is concerned with doing there own thing not much interaction

  10. Difficult Experience

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

    I have been working at State Street

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Some flexible work arrangements

    Cons

    Everyone is so busy trying to do more work, request for help to learn how to do a tasks are typically just completed thus missing out on a knowledge share/transference opportunity and empowering the employee asking the question. There doesn't seem to be very much pwrs
    personal accountability in individuals.

    Advice to Management

    Acknowledge people are different and may get to the end result via a different path than the one the manager may take.

  11. FinanCe intern

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

    I worked at State Street part-time (less than a year)

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

    Pros

    Worked here for an internship and felt like there was not too much pressure. Friendly people and good hours

    Cons

    Boring and mundane ,they are still using funds software from the 90s and it's just not the type of place you want to stay for long

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