State Street
2.7 of 5 1,201 reviews
www.statestreet.com Boston, MA 5000+ Employees

State Street Reviews

Updated Jul 10, 2014
All Employees Current Employees Only

2.7 1,199 reviews

                             

51% Approve of the CEO

State Street President and CEO Joseph (Jay) L. Hooley

Joseph (Jay) L. Hooley

(372 ratings)

40% of employees recommend this company to a friend
448 Employee Reviews Back to all reviews
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    Team is important

    Business Analyst (Current Employee)

    Prosgood work/life balance and ability to work from home some days

    ConsTeam team you end up with is really important. My manager is a yeller and colleagues have no common sense or respect for personal belongs or boundaries. I can be busy without a breather all day with the girl next cube over just sleeping at her desk.

    Advice to Senior ManagementStop hiring IT folks who may have high education and experience but act like they are still living in the slumps.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Financial Reporting

    Fund Administration Director (Current Employee)
    Boston, MA

    ProsPretty good at getting out in front of new regulation and rallying the troops to come up with a solution/recommendation for clients in a timely manner.

    ConsThe department seems to be in a state of constant flux with no clearly defined direction for the future. It seems they are going to take the "do more with less" stance to extreme measures.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    evolving

    I T Manager (Current Employee)
    Quincy, MA

    Prosstable company with flex time.

    Conswork-life more and more encroaching on personal life as a norm; and not as an exception.

    Advice to Senior Managementwork-life balance and personal responsibility need to be core values.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    • Approves of CEO

     

    Major bottleneck at VP level; low expectation of promotion to VP.

    Assistant Vice President (Current Employee)
    Sacramento, CA

    ProsThe Sacramento office has a great office culture, a good work/life balance, and solid training. There are a good amount of employee events to create bonds in the office.

    ConsPay is very low compared to other jobs in the same industry. It's even lower than state jobs. Many employees leave the company to work for the state.

    Advice to Senior ManagementPay higher wages

    Yes, I would recommend this company to a friend

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    Overworked and Underpaid

    Anonymous Employee (Current Employee)

    ProsEasy to get hired, good chance for mobility, 3 weeks of vacation time, plenty of chances to work overtime

    Consrepetitive work, extremely low salaries and pay bumps, too many managers on different pages

    No, I would not recommend this company to a friend

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    Neutral.

    Fund Accountant (Current Employee)
    Boston, MA

    ProsThey offer work at home access which is great for people who have a long commute. There are also a lot of good managers.

    ConsSalary is low 30,000 and bonus is very small and it is hard to move up. Work can feel repetitive. Work at home also effectively prevents a person from taking any sick days.

    Advice to Senior ManagementOffer more benefits and perks to help motivate employees. Be more open to helping people move up.

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    Institution in the Custody space

    Vice President (Former Employee)
    New York, NY

    ProsLarge footprint and strong history Well known and solid foundation. Industry leading AUM and AUC. Focus on better understanding client needs.

    ConsInternal navigation process, openness to new ideas and hesitancy to commit resources

    No, I would not recommend this company to a friend

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    Internship

    Anonymous Employee (Current Employee)
    Boston, MA

    ProsGreat opportunity to learn,easy going employee and supervisors, too quite environment

    Consnot to much enthusiasm,very slow base, not much of work to be done,outsourcing most of the jobs to india

    Advice to Senior Managementna

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Associate

    Anonymous Employee (Former Employee)

    ProsWork Life balance, Always Busy

    ConsManagement is poor, lack of attention to detail

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    • Culture & Values
           
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    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Good company but limited growth potential for middle management. Reward those making less not who make the most impact.

    Vice President (Current Employee)
    Boston, MA

    ProsGood brand, good niche in market, allows for forward momentum in early career stages. C suite management has good strategy and plans. Decent benefits. Nice approach for flexibility. Many people are nice and work hard.

    ConsVery little growth track once you are a VP, very socialist when it comes to raises for VP and up. More money given to those on lower end of bands - Not to key contributors that align best to the values outlined by the CEO. Extreme cronyism.

    Advice to Senior ManagementPromote and distribute money on merit like you say you do. Don't keep all the money for the top 2 %. You can't expect VP's to stay there for 4+ years with no raises.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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