State Street

www.statestreet.com
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283 Employee Reviews Back to all Reviews

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  1.  

    Good company, but currently playing in a difficult environment

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    State Street is a global institution with smart professional people and can offer high-impact, challenging job opportunities in some of the most interesting areas of financial services today.

    Cons

    The current industry environment is difficult and not likely to get better for some time, with the sluggish recovery and more intense regulation. As a result, like all other major banks, State Street will continue to have to succeed by cutting costs, making job stability shaky and a high pressure workplace.

    Advice to ManagementAdvice

    Seek to show better support of employees strained by current tough environment and the pressure that comes with it.

  2.  

    So far my experience has been good, people are friendly and welcoming!

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

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

    Pros

    It is a great resume booster and the people seem to be very nice so far.

    Cons

    The pay is very low for someone living in the city or communting to it.

    Advice to ManagementAdvice

    Be more accomodating to personal finances.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Great starting place to work on office personal skills and is easy to stand out.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant, Associate I in Sacramento, CA
    Current Employee - Fund Accountant, Associate I in Sacramento, CA

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

    Pros

    Great group of young co-workers and good way to get experience for recent college grads. Great benefits and the management tends to be promoted from within the company which gives makes for an understanding relationship. You can learn a lot about accounts and as long as you have a little bit of soft skills, its easy to make friends and do well. I work with a great team. Great if you get satisfaction from problem solving with numbers.

    Cons

    Compensation seems to be on the small end in the industry. You will work long hours depending on the group that you work for, but my team does push for working from home and flexing your schedule around your personal life in order not to burn out. People tend to only stick around for 1-3 years.

    Advice to ManagementAdvice

    Company does have a lot of turnover. Invest more immediate pay into your entry level if you want to see them stick around and not transfer out. Quit trying to cut costs by moving to smaller office spaces if you aren't going to distribute savings amongst employees.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Plenty of opportunity

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

    I worked at State Street full-time (more than 10 years)

    Pros

    People are great, lots of opportunity to expand knowledge and to advance up/around the organization. Opportunities to work from home or in one of the other offices located in the area when needed. Training is available via online courses, webinars, onsite.

    Cons

    Expect to work a lot - nights/weekends. Senior management disconnected from the front line issues. Organization too large and bureaucratic to adapt to changes or effectively address issues.

    Advice to ManagementAdvice

    Focus on creating a vision of where the organization is going and effectively communicate it at all levels so that everyone knows and buys into the process. Find a way to infuse energy into the company and excitement about what you are doing and where you are going.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Opportunity and good people

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    State Street is a large company with plenty of opportunity for internal mobility including working in different locations in the US and abroad. Generally speaking the people are good to work with. The benefits package and paid time off is good as well

    Cons

    Like most financial service companies, State Street outsources a good amount of work on both the operations and IT side. This can lead to challenges in getting things done quickly and efficiently unless you adapt.

  7.  

    NICE Experience

    • Culture & Values
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    Culture, Lifework Balance..
    Smart People.
    Nice colleagues..
    Nice working environment

    Cons

    Job Security.
    Most of the work is Product support which is not suitable for developers with brilliant thoughts...

  8.  

    Work hard and be prepared for change

    • 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

    Smart people, great technology, changes are constant

    Cons

    Changes are constant can be difficult to adjust

    Approves of CEO
  9.  

    Client Services Fund Accountant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Client Services Fund Accountant in Quincy, MA
    Current Contractor - Client Services Fund Accountant in Quincy, MA

    I have been working at State Street as a contractor (less than a year)

    Pros

    I like how my schdule never changes. Work hard during the week and have weekends off. The workload for everyday is different. Some requests that come in I am not familiar with but I have great supporting team around me to help solve the discrepancies. The office environment is very diverse. People are really polite and respectful mostly.

    Cons

    Sometimes the day can seem long. Some people working the food stations in the cafeteria on the second floor can act moody towards the actual state street workers.

    Advice to ManagementAdvice

    No complaints

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great

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

    I worked at State Street full-time (more than 10 years)

    Pros

    Flexibility in working hours, liberalism, great people

    Cons

    Too many bureaucratic obstacles in getting things done

    Positive Outlook
    Approves of CEO
  11.  

    Good to work with

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

    I have been working at State Street as a contractor (less than a year)

    Pros

    So many nice people and things to learn.

    Cons

    some employees are very uncompetitive and I can do a much better job than some of the senior associate.

    Recommends
    Positive Outlook
    No opinion of CEO

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