State Street Reviews

Updated September 19, 2014
Updated September 19, 2014
1,285 Reviews
2.7
1,285 Reviews
Rating Trends

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

Review Highlights

Pros
  • Company has good benefits and is looking to improve work/life balance for employees (in 120 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 55 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 36 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 47 reviews)

More Highlights

235 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Relaxed work environment

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

    I worked at State Street as a contractor for more than 3 years

    Pros

    relaxed work env; people were generally nice and easy going. good location.

    Cons

    no job security after the Great Recession. work can be haphazard. Some managers are not good to work for; they heckle you.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    IT Dept Summer Intern

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

    I worked at State Street as an intern for less than a year

    Pros

    Very friendly people. Supervisor took time out of her schedule to get me up to speed and made sure I knew what I was doing.

    Cons

    Some people may find it boring. I personally always had work to keep me occupied. May not understand the a lot of terms even after the internship ends.

    Recommends
    Approves of CEO
  3.  

    Happy with my overall experience at State Street bank.

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

    I worked at State Street full-time for more than 5 years

    Pros

    State Street believes that if you are hired for a job, you should be able to do the job. They do not micromanage.

    Cons

    If you did not work in the home city of Boston, growth potential was very limited and they tend to treat you as the ugly step-child.

    Advice to ManagementAdvice

    Treat all your employees as professionals.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Been here ten years; there's a lot of good and some...not so good.

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

    I have been working at State Street full-time for more than 10 years

    Pros

    The benefits are great! Not just dental, health, vision, etc. but a decent perks website for travel and goods discounts. Free admission to the MFA for you and a guest every time you go. You have to either kill someone or get caught selling drugs in the office to get fired (different than being laid off - see "cons".) SSB is very big on global inclusion, diversity, social issues, supporting the arts and the community.

    Cons

    So focused on the bottom line that they've forgotten about the emotional well-being of their employees above and beyond offering great benefits. They do have a great Flex work program but you're still expected to work 60+ hours a week if you're an AVP or above. Work/Life balance is one of their "core tenets" but they don't practice what they preach.

    Advice to ManagementAdvice

    Don't forget about the people working for you while you're scouring teams for processes to move to India, China, Poland, etc. "Doing more with less" isn't a bad thing but you still need to understand that people earn vacation, flex time, etc. and should be able to take it.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    I loved every minute working at State Street.

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

    I have been working at State Street full-time for more than 10 years

    Pros

    There are lots of opportunities for lateral as well as promotional advancement. The office environment is clean and they have opened brand new offices in Boston in recent years.

    Cons

    At times it felt like a boys club, but feel that it has gotten better. Depending on the individual, at time the atmosphere was very collegiate, and did not always feel professional.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    My experience at state street has been rewarding.

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

    I have been working at State Street full-time for more than 8 years

    Pros

    Benefits are the most attractive aspect of working at State Street. If your interest in returning to school the tuition reimbursement is high at up to 10,000.00 per year. Up to 80% of medical is covered depending on the plan. I've spent my whole career in mutual fund operations but there are mobility opportunities as it is such a large company. There is a big emphasis on training and a lot of resources for professional and technical development if you are motivated to learn.

    Cons

    Salary is on the low end compared to competitors.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    State Street was a great place to launch my career

    • 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 for more than a year

    Pros

    I feel I benefited from the company's commitment to allowing employees the flexibility to work from anywhere (role permitting) and its commitment to mentorship. They also provided great training for new employees and ongoing training for existing employees.

    Cons

    The company could be too bureaucratic at times

  9.  

    Good working environment, uncompetitive pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  Asia, TX
    Former Employee - Vice President in Asia, TX

    I worked at State Street full-time for more than 5 years

    Pros

    Nice colleagues who generally have the right work attitude and ethics.
    Non-aggressive, so it is very good for people in internal control and risk management functions.
    Encourage internal movements, very good for learning.

    Cons

    Low salary.
    Limited empowerment at non US locations. All key decisions are escalated to US Headoffice. Low efficiency.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great Place To Learn

    • 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 for less than a year

    Pros

    Work life isn't bad. They encourage learning and offer many classes, organizations and training.

    Cons

    Pay isn't ideal but the people on my team are great. They also have mentioned things that they haven't fully followed through with.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    good place

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

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

    Pros

    decent products that you wont find.

    Cons

    dont pay enough money or bonus

    Advice to ManagementAdvice

    pay more

    Recommends
    Neutral Outlook
    Approves of CEO

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