State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews

Updated December 21, 2014
Updated December 21, 2014
1,390 Reviews
2.8
1,390 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
450 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

259 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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
  2.  

    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
  3. 3 people found this helpful  

    VP development

    • 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 8 years)

    Pros

    I have a great boss.

    Cons

    Too many layoffs impact morale.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Good overall experience

    • 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 (less than an year)

    Pros

    -Great place to start your career and learn
    -Good work/life balance
    -Good chances for networking
    -

    Cons

    -Lower pay than competitors
    -Often tough to move up in the company, and many employees leave for other opportunities

    Advice to ManagementAdvice

    Compensate employees better if they have proven themselves

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    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

  7.  

    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
  8.  

    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
  9.  

    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
  10.  

    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
  11.  

    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

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