State Street Reviews

Updated March 28, 2015
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293 Employee Reviews

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  1. 1 person found this helpful

    An intern treated with respect

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

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

    Pros

    The office culture was incredibly professional yet also laid back enough. I loved that my superiors always valued whatever input I had to offer and took the time to make sure I was satisfied, had enough work to do, and was given the proper amount of responsibility. I felt like I was actually contributing in a big way.

    Cons

    The company in general is very hierarchical, which often made it difficult to express my opinion, or intimidating at least. The company also has a reputation of being quite sexist, and I saw traces of this, especially in my department.

    Advice to ManagementAdvice

    They could work more on devoting more attention to the younger employees. These employees are the future of the company, after all.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. A large company that compensates well and continues to grow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate in Fair Lawn, NJ
    Current Employee - Senior Associate in Fair Lawn, NJ

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

    Pros

    Flexible work arrangements (work from home) is promoted
    Company appreciates hard work and rewards with $ and meals as needed when working overtime

    Cons

    IT support is very limited in some offices
    Overtime is very common and some weekends

    Recommends
    Positive Outlook
    Approves of CEO
  3. 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

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


  5. 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
  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. 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
  9. 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 a 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
  10. Heavily dependent on your group.

    • 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 a year)

    Pros

    The hours are great which include time to work from home.
    Many of the people are very nice with executives and leaders very accessible.
    The benefits are excellent and the website is well designed and easy to use.
    A good starting point for someone wanting to a career in the financial industry.

    Cons

    The pay isn't very good at all. On the low end of industry standard.
    Strange working hours can make it difficult to have a personal life.

    Advice to ManagementAdvice

    Reconsider the compensation packages to become more competitive within the business community.

    Recommends
    Neutral Outlook
    Approves 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 Contractor - Fund Accountant in Sacramento, CA
    Former Contractor - Fund Accountant in Sacramento, CA

    I worked at State Street as a contractor (less than a 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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