State Street

www.statestreet.com

State Street Reviews in Boston, MA

Updated January 27, 2015
Updated January 27, 2015
1,433 Reviews
2.8
1,433 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
465 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

600 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Very good

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

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

    Pros

    Enjoyed the work & the people.

    Cons

    At times I felt we were understaffed.

    Recommends
    Positive Outlook
  2.  

    A great internship experience for a college student.

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

    I worked at State Street as an intern (less than a year)

    Pros

    Engaging environment that promoted learning and growth. Interns were given the same responsibility that other associates and analysts were given.

    Cons

    The work often became routine, so much so that it could get boring. Always good to keep asking for new work or trying different business groups.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good experience and relaxed environment.

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

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

    Pros

    Good part time pay and understanding coworkers.

    Cons

    Not best pay in field.

    Advice to ManagementAdvice

    Keep talent inside the company with higher wages.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Good for 1st job

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

    I have been working at State Street

    Pros

    Can learn a variety of functions if one takes opportunity

    Cons

    Compensation is below to average, due to potential risk to company procedures become too cumbersome and slows down production.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Good for entry level workers.

    Current Employee - Pricing Specialist in Boston, MA
    Current Employee - Pricing Specialist in Boston, MA

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

    Pros

    Great place to work to get your foot in the door.

    Cons

    Long hours and salary is low. Large company which makes you feel irrelevant.

  7.  

    Great coworkers, decreasing value placed on healthy work/life balance from management.

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

    I worked at State Street full-time (more than 5 years)

    Pros

    Excellent back office experience. Many wonderful coworkers. Knowledge gained and exposure to industry was very valuable.

    Cons

    "Global Competitiveness" is a clever way of saying they are looking for the cheapest possible way to business, regardless of poorly our Asian, Indian, and other outsourcing partnerships treated its employees. "Professional Development" often meant being required to take on more work, without additional compensation. For the six years I was employed, four of those years I was told that management couldn't afford raises and promotions, and I should be thankful just to have a job.

    Advice to ManagementAdvice

    Show a little respect to loyal employees. Compensation is key to retaining good employees. Pay your employees competitive salaries.

    Recommends
    Negative Outlook
  8.  

    Great place for first job. A lot to learn. Salary is too low.

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

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

    Pros

    Great place for first job. A lot to learn.

    Cons

    Salary is too low. This causes high turn-over rate for entry level employees.

    Recommends
    Positive Outlook
  9. 1 person found this helpful  

    Associate II

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

    I worked at State Street (more than a year)

    Pros

    work volume was heavy which allowed for efficiency leaning

    Cons

    Very depressing people with little motivation. Very systematic processes (expected from large company)

    Doesn't Recommend
    Neutral Outlook
  10.  

    Good transition on my situation.

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

    I have been working at State Street

    Pros

    Great work group and great colleagues.

    Cons

    Transformation and offshoring. Long hours, specially and month, quarter and year end.

    Advice to ManagementAdvice

    Communicate more with direct reports.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11.  

    An intern treated with respect

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

    I worked at State Street as an intern (less than a year)

    Pros

    The office culture was incredibly professional yet also laid back enough. I loved that my superiors always valued whatever input I had to offer and took the time to make sure I was satisfied, had enough work to do, and was given the proper amount of responsibility. I felt like I was actually contributing in a big way.

    Cons

    The company in general is very hierarchical, which often made it difficult to express my opinion, or intimidating at least. The company also has a reputation of being quite sexist, and I saw traces of this, especially in my department.

    Advice to ManagementAdvice

    They could work more on devoting more attention to the younger employees. These employees are the future of the company, after all.

    Recommends
    Neutral Outlook
    No opinion of CEO

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