State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews in Boston, MA

Updated December 9, 2014
Updated December 9, 2014
1,383 Reviews
2.8
1,383 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
447 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

584 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    review

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

    I have been working at State Street as an intern (more than an year)

    Pros

    great place to gain experience

    Cons

    to large of a company for me

    Advice to ManagementAdvice

    explaining more terminologies in depth

    Recommends
    Positive Outlook
  2.  

    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
  3.  

    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 an 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
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  5.  

    Awesome Experience

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

    I worked at State Street

    Pros

    Flexibility, Good Learning experience and good people

    Cons

    Low salary and limited internal mobility

    Advice to ManagementAdvice

    Ask the actual workers for feedback

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Ome word: AWESOME!

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

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

    Pros

    Everyone has been engaging, helpful and collabrative. Technologhy is pretty up to date. Felixble work schedule/telecommuting make balancing work and home easier.

    Cons

    I wish I were an emplyee and not a contractor - although everyone is treated the same!

    Advice to ManagementAdvice

    Great Job!

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    short term stay

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

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

    Pros

    very good brand name, pay and location

    Cons

    expect too much out of employees. wanted to get the work done just on the go

    Advice to ManagementAdvice

    give some tie even to contractors

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Bank Loan Specialist

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

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

    Pros

    Young environment, not particularly stressful, training period gives plenty of time to understand job specifics

    Cons

    Low grade pay, even for an entry level job. Corporate culture needs significant improvement - most employees feel underpaid and unrecognized for their hard work.

    Advice to ManagementAdvice

    As a former manager, I know there is little you can do regarding pay raises but something needs to be done to make employees feel appreciated.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    Depends what department or manager you have

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

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

    Pros

    Depending on what manager or department you are in, the experience can be very rewarding. In my 4 years here, I've worked with some really fun, sarcastic, smart and interesting people. Seriously, everyone I've worked with at State Street is so dramatic and sarcastic and I enjoyed it. If you put in the work, if you drink the "kool aid" you'll get promoted.
    Flex time. Work from home, 4 day work week. The company (again depending on department) is very flexible.
    Diversity. State Street loves diversity. If your gay, black, purple, transgender, identify as a turtle, you'll be welcomed with open arms. No one cares, nor should they!
    Its easy to apply to different internal jobs at State Street. If you hate your job, wait a year and post for a new internal position. State Street likes promoting from within.
    The people. You'll meet some great friends.

    Cons

    Pay is so low compared to industry standards. I left State Street for a 40% raise.

    Advice to ManagementAdvice

    Pay industry standards so the young smart people don't leave to your competitors.

    Recommends
    Positive Outlook
    No opinion of CEO
  10. 4 people found this helpful  

    Seen better days

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

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

    Pros

    They once had the biggest and best pool of talented, dedicated IT professionals who went to limits to support the infrastructure and applications. People worked here for decades and knew how to keep things running smoothly.

    Cons

    They continued to cut and cut and cut right into the bone until there was nobody left and the ones left standing got the worst of it. Way too much work, always putting out fires and not addressing the real issues

    Advice to ManagementAdvice

    Bring back the jobs

    Doesn't Recommend
    Disapproves of CEO
  11.  

    Mixed

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

    I have been working at State Street full-time (more than 5 years)

    Pros

    The benefits are great and coworkers are wonderful. Hard work will pay off but you need to be patient.

    Cons

    Pay could be better, work life balance is not quite what it could be with little chance that this will change any time soon.

    Advice to ManagementAdvice

    Decreased focus on initial training classes and lack of job rotation narrows the capabilities of junior employees. This may save money in the short term but could have longer term impacts if the added stress on senior employees leads to increased turnover. There is a lot of talent present but if not properly cultivated is just wasted potential.

    Recommends
    Neutral Outlook
    Approves of CEO

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