State Street Reviews

Updated October 16, 2014
Updated October 16, 2014
1,312 Reviews
2.7
1,312 Reviews
Rating Trends

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

Review Highlights

Pros
  • Company has good benefits and is looking to improve work/life balance for employees (in 124 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 60 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 39 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 53 reviews)

More Highlights

240 Employee Reviews Back to all reviews

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  1.  

    Administrative Assistant

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Everyone is helpful. Can ask anyone a question no matter what their title is and they would help. Team players

    Cons

    None so far. Everyone is just nice! From the maintenance worker to the top boss everyone is nice

  2.  

    Tax Analyst

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

    I have been working at State Street full-time (more than 3 years)

    Pros

    Lots of opportunities to move within company and lots of flexibility

    Cons

    Pay and Total Compensation is low

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Just completed 10 years of service and have had many opportunities for career advancement.

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

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

    Pros

    Internal mobility and the opportunity to change jobs and/or advance
    Flexible work arrangaements
    More recently - pro has been the amount of change and willingness to look at things differently

    Cons

    Size of the organization makes it sometimes challenging to navigate what the career opportunities are

    Advice to ManagementAdvice

    Lots of change happening at State Street but also good progress with communicating and sharing infromation with the employee population. Although change can be confusing, it feels like an exciting time and my hope is that senior management stay focused on thinking creativley about their vision for the future state of the company.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Big Company Normal

    • 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

    Pros

    Company has been around for many years so as an entity very stable. With thousands of employees and a worldwide presence there are opportunities in a variety of areas. Corporate takes a lot of care to share vision with all levels of the firm and to expose different divisions to eachother.

    Cons

    Large companies tend to move rather slowly. Great deal of corporate policy and procedure.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    State Street is a performance based company that promotes the hardest workers

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

    I worked at State Street full-time (more than 8 years)

    Pros

    The best part of working for State Street is the managers are almost always people who not only excel at their job but are excellent with people skills. They try to get the most out of all of the talent that they have, by being accommodating to their employees.

    Cons

    The biggest con for State Street is that they do not have competitive salaries. The rest of the industry pays not just better, but generally much better than State Street.

    Advice to ManagementAdvice

    Advice for upper management would be to work with HR to create more defined carreer paths for employees that demonstrate excellence in their job. Also to increase the pay in general, they lose a lot of good employees to competiors for simple financial reasons.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Big company to start your career

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

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

    Pros

    Facility/Transportation/Culture/Personal Growth

    Cons

    Salary/Training/Poor Management/

    Advice to ManagementAdvice

    Be more organized about trainning

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Pretty good company

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

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

    Pros

    Room for growth
    Relaxed Atmosphere
    Ample Parking/ Easy access to public transportation
    Work from Home access
    Flex Time
    If you are a hard worker, and get involved and noticed in the community, you can move up quickly.

    Cons

    Salary!!!!

    I enjoy everything about this job, except for the salary! It is almost impossible to live off of what they pay, especially if you live in the city. Also, they say that having a lower salary is complemented by being able to accrue overtime, however there is rarely any overtime available, so it is really a moot point.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    so far, so good

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

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

    Pros

    friendly co-workers, lots of training

    Cons

    IT and HR are a pain

    Positive Outlook
    Approves of CEO
  10.  

    Great place to work

    • 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

    Pros

    Company is dedicated to creating an inclusive environment and has a number of programs aimed at ensuring its employees are able to contribute regardless of their background. Global company focused on changing and continuing to be the best in their industry.

    Cons

    Mid level managers are sometimes not as receptive, long term employees who are still stuck on the ways of the past. Not all but some.

    Advice to ManagementAdvice

    Need to empower people more, reward accordingly and rethink how you compare with your competitors compensation-wise.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Good People/Colleagues

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    Overall a good place to work.

    Cons

    Political culture and red tape-ism

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State Street

 
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