State Street

www.statestreet.com

State Street Reviews

Updated January 31, 2015
Updated January 31, 2015
1,444 Reviews
2.8
1,444 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 132 reviews)

  • The flex work schedule, most people have an option to work from home twice a week (in 65 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 42 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 57 reviews)

More Highlights

272 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 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 (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
  2.  

    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 (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

  3.  

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


  5.  

    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 (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
  6.  

    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 (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
  7.  

    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 (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
  8. 1 person found this helpful  

    Lots 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

    Being a large company means that there are opportunities to switch positions without having to leave the company.

    Cons

    Some divisions are no longer growing, resulting in downsizing.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    state street experience

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

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

    Pros

    good benefits, good team environment, relaxed work life balance. overall very enjoyable experience.

    Cons

    promotions and be hard to come by, personal growth can be limited, pay should be higher

    Advice to ManagementAdvice

    cash money

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    When workforce reductions are made recent hires and those at the high end of pay grades are impacted more so than others

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

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

    Pros

    The overall quality and intelligence of the employees is very high. Ability to establish flex (work at home) hours is beneficial.

    Cons

    Last few years there have been no bonuses and very little merit increases. Morale has been impacted with labor reductions each of the past 3 - 4 years.

    Advice to ManagementAdvice

    Believe senior management needs to hear feedback and take action from rank and file employees on ineffective supervisors.

    Recommends
    Negative Outlook
    No opinion of CEO
  11.  

    Good work life balance, moderate pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY

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

    Pros

    Flexible work hours, good hours, good for family oriented people

    Cons

    The pay is moderate, salary increase is also moderate, hard to advance

    Recommends
    Neutral Outlook
    Approves of CEO

Work at State Street? Share Your Experiences

State Street

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.