State Street Reviews

Updated April 13, 2015
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204 Employee Reviews

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  1. There is very little room for growth

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

    I worked at State Street full-time

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    People - if you are lucky enough to be placed in a friendly group. Most people come in, work, and then leave with hardly a few words to each other.

    Cons

    Highly discourage recent graduates from applying to State Street unless through PDP program. Not a place where you can find many doors for growth or promotion.
    Terrible, terrible entry-level compensation.
    Senior management does not care about staff shortage until the very last moment, and even then, it takes months to hire new people. I saw many people from my group alone leave because of the work environment.

    Advice to Management

    Listen to your associates. Pay entry-level positions more.

  2. Helpful (1)

    The worst company to work for. Understaffed, under budget, underpaid.

    • 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 (less than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Always hiring... not sure is it's a good thing.

    Cons

    No opportunity for personal growth, company doesn't sponsor professional development or growth, HUGE on bureaucracy and red tape.

  3. unethical

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

    I worked at State Street

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    gaining experience for your resume

    Cons

    no work-life balance, unethical treatment from management

    Advice to Management

    management should be considered to adhere to lean policy

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  5. Helpful (1)

    Unorganized and incompetently managed.

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

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    They had a cool kickball tournament.

    Cons

    In the Kansas City mutual fund group, not only will you be kept from progressing, but you will take the blame for management's errors if you aren't high up on their ladder or a 'favorite.' The headquarters in Boston are completely clueless as to how things are run in the KC location and if they saw how backwards and incredibly ignorant their management staff was, they'd be wise to shut down the entire operation. Employee turnover was weekly...which is pathetic.

    Advice to Management

    Admit your mistakes, take responsibility for your actions, LISTEN to your employees, and treat people better. It's not like you're paying them an even decent salary, so at the very least let them feel valued.

  6. Income Specialist - Hancock Tower

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Great entry level opportunity after college

    Cons

    Lack of communication within the office

    Advice to Management

    Pay more attention to your entry level employees and do more to keep them around. You are investing a lot of time into training them, wouldnt you want them to stick around?

  7. Helpful (2)

    This is a profit based BUSINESS

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

    I worked at State Street

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Paycheck
    Benefits
    Group discounts to merchants and attractions

    Cons

    You are a cog in the wheel of this well oiled machine that has established unnatural relationships around the world built off of the back of recent college graduates.

    You will be confined to a desk for hours at a time. You will be yelled at for having to do natural things such as relieve yourself. You will watch people run around with smiles on their faces. You will be inundated with work by the people who have been authorized to un around.

    The people in leadership positions have been awarded these positions based on relationships. Highly political at all levels.

    This company is the pickle party. Think of all the people you use to cheer, hockey players, football players, etc. When the lights go out, they enter the street - State Street that is. And, the board of directors is well aware of this. Plenty of people who had families working for this company are going to be hell bent when the board relieves them.

    Advice to Management

    What is management? The practice of? If I could pull them out of their daily circle jerks, I still wouldn't say anything. To the board of directors: Good job, hope nobody finds you.

  8. Helpful (2)

    They look after their shareholders, not their employees

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

    I worked at State Street

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    easy to get into the company

    Cons

    They don't even know where my FSA money is. Its been several months since I left and I'm still waiting on a reimbursement since they cannot find my money! work/life balance is awful, pay is probably the lowest in the industry, turnover is very high.

    Advice to Management

    Mgmt either does not read these or does not do anything since the company has such a low score and still nothing changes.

  9. Client Operations #1

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

    I worked at State Street

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    A good start if you cant find a job

    Cons

    Starting pay is $15.
    Boaring

  10. Helpful (4)

    Slave street

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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Work from home. That's about it. That's only if you have a manager that lets you do it.

    Cons

    -outsourcing
    -a joke of a salary, the lowest in the industry
    -huge corporation so you always feel lost : need to talk to HR? Who do I go to? Need to talk to IT? : sit on hold with the "Help(less) Desk" for hours and finally have your questions not answered by someone in India... Seriously it took them 6 months to install something very basic and necessary for my job into my computer
    -does NOT look good on a resume... I've talked with many recruiters in the industry
    -everyone is incompetent
    -smart people leave, mediocre people get promoted
    -no work life balance in some groups. When I was hired, I was duped into thinking that we would get paid for all the overtime we put in. Actually the standard day was 9 hours, and they would make you put in a mandatory UNPAID hour lunch break. But of course you couldn't get away from your desk for more than 10 minutes without getting yelled at. So you didn't actually take that lunch break, ever. Sorry, but you can't make people work 50 hour weeks, staying until 8,9, sometimes 10 pm every night for the ridiculous blue collar salary you pay us.

    Advice to Management

    Like they would even care? Where are they? Do they ever listen to what we have to say. I wonder how Jay Hooley sleeps at night knowing that this is a legal slavery operation that he is running

  11. Helpful (3)

    Mediocre at best

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Global Transaction Processing Associate in Hadley, MA
    Current Employee - Global Transaction Processing Associate in Hadley, MA

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    The work is not challenging, very easy to get by

    Cons

    No upwards movement, terrible salary

    Advice to Management

    Treat your employees better so you attract higher quality professionals

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