State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews

Updated December 16, 2014
Updated December 16, 2014
1,383 Reviews
2.8
1,383 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
447 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

257 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good for as the first professional experience in corporate world

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant in Kraków (Poland)
    Current Employee - Fund Accountant in Kraków (Poland)

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

    Pros

    Communicatoion with donor side on daily basis, possibilty to learn a lot

    Cons

    Repetetive job depending on a position

    Recommends
    Positive Outlook
  2.  

    Fund Accountant Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant, Associate I in Cape Town (South Africa)
    Current Employee - Fund Accountant, Associate I in Cape Town (South Africa)

    I have been working at State Street full-time (less than an year)

    Pros

    sufficient training. allows you to work with knowledgeable people and that is very useful when you are starting out.
    overall a good career start

    Cons

    the pay is not that high but you can live with it. the hours are a bit awkward but you get used to it.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Lots of room to move around

    • 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 (more than 5 years)

    Pros

    * Good benefits/ vacations/ sick-day policy etc.
    * Generally good managers
    * Like with any big company, tons of room to move around

    Cons

    * Used to be stable, but lots of people let go over the last 5+ years
    * Hierarchical/ Bureaucratic culture.

    Advice to ManagementAdvice

    * Every thing should not be about money/ numbers.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Functional specialist 2

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Wonderful managers, team. Lots of learning opportunities

    Cons

    Limited overtime although that doesn't apply that often

  6.  

    Associate Level

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Great place to start career

    Cons

    There is a high turnover rate

  7.  

    Kansas City Fund Administration

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

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

    Pros

    Overtime > 40 hours for Level 1 & Level 2. Enjoyed the people.

    Cons

    Manager role requires 50+ hours a week for inadequate pay

    Recommends
    Positive Outlook
  8.  

    Internship at State Street

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Global Markets Intern in London, England (UK)
    Former Employee - Global Markets Intern in London, England (UK)

    I worked at State Street as an intern (less than an year)

    Pros

    Very friendly environment to work in

    Cons

    Things can be a little slow to move during interview process

    Recommends
    Positive Outlook
  9.  

    Good place to start

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

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

    Pros

    The company has great technology and benefits. The hours were long at times but I and others were rewarded for that. It's a good place to start and gain experience. There are avenues of growth and different areas of the company to get into to. Where I worked, the environment was inclusive and they cared

    Cons

    The pay is very low. I took a lower position at a competitor and the pay increase was huge. With the great technology and automated processes, the trade off is that employees can lag behind in their overall knowledge of their roles compared to other companies.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Excellent

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

    I have been working at State Street full-time (less than an year)

    Pros

    Flexibility and the ability to work in an open environment.

    Cons

    Lower salary, I would Expect for the corp to compete with market salaries.

    Advice to ManagementAdvice

    More open minded and the realization that to keep good talent they need to have competitive salaries.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Decent company, long hours during month/quarter/year end, lower pay than other opportunities.

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

    I worked at State Street as a contractor (less than an year)

    Pros

    Good for someone coming out of school who wants to gain accounting/fund accounting experience.
    Company really tries to create a good culture inside and outside the office with a lot of access to groups like exercise groups, toastmasters, and other niche groups to help you unwind.
    Good accounting experience.
    Good place to work if you don't need a lot of money but want a rewarding accounting career and like a challenge.

    Cons

    Low pay for managers...hourly folks can make more than managers at times.
    Long hours during peak times: month-end, quarter-end, year-end...but that can be said of many accounting firms since that is the nature of accounting.

    Advice to ManagementAdvice

    Raising the base pay for employees would help you retain great talent.

    Recommends
    Neutral Outlook
    No opinion of CEO

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