State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews in Quincy, MA

Updated November 17, 2014
Updated November 17, 2014
1,357 Reviews
2.7
1,357 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
440 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

81 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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
  2.  

    IT experience

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

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

    Pros

    Good co-workers if you are lucky
    Parking depending on location

    Cons

    Layoffs, low morale, bad management.

    Advice to ManagementAdvice

    Reverse outsourcing

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Unless you are desperate for a job look somewhere else

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

    I have been working at State Street full-time (more than 8 years)

    Pros

    Decent benefits
    Team oriented
    Located outside of Boston

    Cons

    Always understaffed
    Work all but 2 holidays a year
    Poor training
    Limited room for gorwth
    Low base salary and bonus compared to other companies
    Overworked and everyone in the team is burnt out
    Worked during 3 blizzards and one tropical storm

    Advice to ManagementAdvice

    Hire more people to spread the work load, focused more on training current employees, and recognize those who stand

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Financial Reporting Specialist

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

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

    Pros

    Gain a lot of experience

    Cons

    There are nothing much to talk about cons

    Advice to ManagementAdvice

    Please consider work-life balance.

    Doesn't Recommend
    Disapproves of CEO
  6. 1 person found this helpful  

    Leading edge in Financial Transformation

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

    I have been working at State Street full-time (more than 10 years)

    Pros

    Opportunities to contribute to transformation of the organization and move it forward. Great worklife balance, which I think off-sets the fact that State Street tends to have lower salaries than competitors.

    Cons

    Constant cost cutting does provide concerns around long-term job security. Highly political especially at high VP and SVP levels.

    Advice to ManagementAdvice

    Politics and implied power of some SVPs has prevented the organization from getting the most out of its transformation efforts.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Good place

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

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

    Pros

    Good culture and great environment

    Cons

    Traffic is bad from all directions

    Advice to ManagementAdvice

    Great environment

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    high quality of life, but low pay

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

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

    Pros

    3 weeks vacation and sick days, pretty much pick your schedule

    Cons

    very low pay, almost impossible to survive.

    Advice to ManagementAdvice

    Increase pay so people dont have to work 2nd jobs to avoid living paycheck to paycheck

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 3 people found this helpful  

    Slave Street

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

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

    Pros

    Good resume booster. A lot of positions give you a good opportunity to learn a lot. These are the only two things. You'll see some people mention the work/life balance... it doesn't matter. You don't stay late, you don't get half your work done. You take a vacation, everything is in shambles when you get back. This is because of terrible organization and incompetent and selfish management.

    Cons

    low pay, toxic culture, get out as fast as you possibly can before this place sucks the life out of you. This isn't me having an abnormal terrible experience. This is the experience of most people working at State Street. My review just sounds terrible because I'm not trying to look on the bright side. This is what it is.

    Advice to ManagementAdvice

    Take business 101

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    Client Services Fund Accountant

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

    I have been working at State Street as a contractor (less than an 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
  11.  

    Rewarding yet Frustrating

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

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

    Pros

    Global Exposure to custody operations, good vacation, great opportunity to learn

    Cons

    Compensation is very low, personal growth has a ceiling, not everyone is as motivated

    Advice to ManagementAdvice

    trim the fat and bring in motivated people

    Doesn't Recommend
    Negative Outlook
    No opinion 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.