State Street

www.statestreet.com

State Street Reviews

Updated January 30, 2015
Updated January 30, 2015
1,444 Reviews
2.8
1,444 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
468 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

528 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    good starting company, diverse group of employees, difficult to move internally, flexible work arrangements

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

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

    Pros

    flexible schedule, good culture, diversity, secure company

    Cons

    difficult to move internally, strong employees don't benefit much more than weak employees

    Recommends
    Neutral Outlook
  2.  

    "Great company for benefits and work-life balance"

    • Comp & Benefits
    • Work/Life Balance
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    The benefits were pretty good. This is the only company that I know of that where you get three weeks of vacation after your first year of employment. In most departments there is a great work-life balance.

    Cons

    The biggest one for me was the starting pay, it has decreased considerable over the years. Also, most of the company sponsored perks have been completely cut.

    Recommends
    Approves of CEO
  3.  

    It was a good experience

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

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

    Pros

    Good Experience to a professional environment. Work life balance is getting a bigger push.

    Cons

    Starting compensation is lacking. Company is lacking perks such as stock purchase program.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Intern in operations.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    The experience was pleasant, I was in a bit of not-knowing if I would have been offered a full-time opportunity or not. The staff is very nice and I was situated in the main branch of State Street which is on Lincoln street. I ended up opting out for another opportunity that came my way.

    Cons

    I don't have any feedback to give in terms of my intern experience. I just wish that they were more up-front about whether I was considered for a full-time placement. Overall, the experience was a good learning experience and the department was going through some down-sizing at the time as well.

  6.  

    Good for 1st job

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

    I have been working at State Street

    Pros

    Can learn a variety of functions if one takes opportunity

    Cons

    Compensation is below to average, due to potential risk to company procedures become too cumbersome and slows down production.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    review

    • 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

    the pros are flexibility and benefits

    Cons

    the cons are pay and advancement

    Recommends
    Negative Outlook
  8.  

    Good overall company

    • 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

    flexible hours, easy going individuals, great 401k and vacation plans

    Cons

    low pay, long hours, tough work life balance

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Good for entry level workers.

    Current Employee - Pricing Specialist in Boston, MA
    Current Employee - Pricing Specialist in Boston, MA

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

    Pros

    Great place to work to get your foot in the door.

    Cons

    Long hours and salary is low. Large company which makes you feel irrelevant.

  10.  

    Great coworkers, decreasing value placed on healthy work/life balance from management.

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

    I worked at State Street full-time (more than 5 years)

    Pros

    Excellent back office experience. Many wonderful coworkers. Knowledge gained and exposure to industry was very valuable.

    Cons

    "Global Competitiveness" is a clever way of saying they are looking for the cheapest possible way to business, regardless of poorly our Asian, Indian, and other outsourcing partnerships treated its employees. "Professional Development" often meant being required to take on more work, without additional compensation. For the six years I was employed, four of those years I was told that management couldn't afford raises and promotions, and I should be thankful just to have a job.

    Advice to ManagementAdvice

    Show a little respect to loyal employees. Compensation is key to retaining good employees. Pay your employees competitive salaries.

    Recommends
    Negative Outlook
  11.  

    Great place for first job. A lot to learn. Salary is too low.

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

    I worked at State Street full-time (more than a year)

    Pros

    Great place for first job. A lot to learn.

    Cons

    Salary is too low. This causes high turn-over rate for entry level employees.

    Recommends
    Positive Outlook

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