State Street Reviews

Updated August 19, 2015
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237 Employee Reviews

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  1. Helpful (1)

    asociate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    they have good benefits and lots of volunteer oppurtunities

    Cons

    poor pay and yearly bonuses.


  2. Helpful (1)

    if I knew then what I know now...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA
    Doesn't Recommend

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

    Pros

    In my opinion there are no pros!

    Cons

    After 8 yrs here i can sum it up fairly quickly - The expectation of upper management is that you will spend your entire life in the office while they come in hours after you and leave hours before you. You will not have a work/life balance at State street, bottom line.

    Advice to Management

    Advice to upper management is that they actually do their jobs.


  3. Associate 1

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate II in Boston, MA
    Former Employee - Associate II in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at State Street (More than a year)

    Pros

    They offer a decent vacation package at State Street.

    Cons

    Compensation is significantly less than main competitors.

    Advice to Management

    Management is in a bind as well, the problems at SSB are coming from leadership changes and corporate strategy.


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  5. Helpful (1)

    Fund adminstrator

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    After a couple years, vacation was comfortable. Had the ability to work from home one day a week. They tend to hire a lot of recent college grads.

    Cons

    There is little to no opportunity for advancement, with an extremely high positional turnover rate.

    Advice to Management

    Too much of the work will fall on associate I and II's, while managers and senior managers simply coast by with signing off on work done by their subordinates.


  6. AVP

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Good work life balance at the firm

    Cons

    Not innovative, slow to market.


  7. Helpful (2)

    Very Poor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Almost nothing encouraging. Potential for overtime pay.

    Cons

    High turn around of employees. Many promises for advancement and pay up grade and work from home capabilities. NEVER HONORED

    Advice to Management

    learn to have some value for employes


  8. Only if you love to work!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Director in Kansas City, MO
    Current Employee - Assistant Director in Kansas City, MO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Not much that o can think of. If you work late they'll order food.

    Cons

    No work/life balance, pay is low for the amount of hours worked, raises are minimal (1%-3%) and bonuses are low as well (2%-5%). A lot of weekend and holiday work.


  9. senior fund accountant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    super easy, mindless, boring work

    Cons

    not much learning. feels like a sweat shop


  10. Resume killer

    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at State Street full-time

    Pros

    Free parking at the South Shore offices

    Cons

    Too many to list but if you are thinking of working at State Street I'd think again. I know the industry inside and out and can tell you we see someone applying with State Street on their resume we wonder if they have what it takes to succeed at a real company then feel bad for them. We know we could offer them a temp job collecting faxes or turning the lights off and on all day and they'd come running.

    Advice to Management

    The layoffs will continue until morale improves right guys?


  11. Client Operations Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Service Operations Manager, Senior Associate in Kansas City, MO
    Current Employee - Client Service Operations Manager, Senior Associate in Kansas City, MO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good place to gain business experience, good benefits as far as paid time off and insurance benefits.

    Cons

    Low compensation, high turnover, low morale, little to no training, in many departments you will be expected to work long hours, high stress



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