State Street Reviews

Updated July 6, 2015
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
112 Ratings

Pros
  • Flex work program allowing for good work/life balance (in 132 reviews)

  • The only one I can think of is the ability to work from home (in 65 reviews)

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

  • High turnover due to long hours (in 57 reviews)

More Pros and Cons

322 Employee Reviews

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  1. assistant vice president

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

    I worked at State Street

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Global company and focus, large resources, good benefits, good people, lots of opportunity for internal movement and promotions

    Cons

    sometimes challenging for junior leaders to 'stretch'; senior leaders can tend to stay put for a while and stifle some promotion and movement; can also be bureaucratic and process-oriented, stifling creativity and ability to innovate

    Advice to Management

    allow for more experimentation and more leadership from junior staff


  2. Great place to start, but don't stay

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Toronto, ON (Canada)
    Current Employee - Anonymous Employee in Toronto, ON (Canada)

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

    Recommends
    Negative Outlook
    Recommends
    Negative Outlook

    Pros

    Great benefits + flex work setup available, located right at the center of the Financial district.

    Cons

    Management is bad, it starts at the management level. People who actually knows how the processes work leaves, if you drill down to the root cause, management denies career growth although they advertise this, it does not happen. If you take care of your employees really good, why would they leave?


  3. Good place to start your career

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    good place to obtain first experience

    Cons

    not high - skilled personnel


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Good work culture

    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA

    I worked at State Street (Less than a year)

    Pros

    One of best financial company to work for.

    Cons

    None. Sometimes budget issues hurts.


  6. Salaries could be more competitive

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    great opportunities for growth and advancement

    Cons

    salaries are not competitive with the market


  7. GM Intern

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

    I have been working at State Street as an intern

    Pros

    Good vibe, friendly people, good hours

    Cons

    bad pay and it's true


  8. State Street GS Europe

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

    I worked at State Street full-time

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Work flexibility, career opportunities in the organization, possibility to

    Cons

    low salaries, low bonus and poor benefit package

    Advice to Management

    to try to hold talents


  9. Investor Services

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    Good Training Program and management/people to work with.

    Cons

    In-house software - can not be competitive to other companies.


  10. Fund Admin R&C

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

    I have been working at State Street

    Pros

    Great team, so many opportunities to grow and learn, work from home, bonus & raise potential every year, vacation time

    Cons

    Low pay, barely any perks


  11. Very good workplace, good salary and opportunity to learn.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Operations in Luxembourg (Luxembourg)
    Current Employee - Client Operations in Luxembourg (Luxembourg)

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Very good workplace, good salary and opportunity to learn.

    Cons

    Poor career advancements, very little communication with senior management

    Advice to Management

    Meritocracy is actually a good incentive



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