State Street Reviews in Quincy, MA

Updated September 16, 2014
Updated September 16, 2014
1,286 Reviews
2.7
1,286 Reviews
Rating Trends

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

Review Highlights

Pros
  • Company has good benefits and is looking to improve work/life balance for employees (in 120 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 55 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 36 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 47 reviews)

More Highlights

76 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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 for less than a 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
  2.  

    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 for 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
  3.  

    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 for more than a 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
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  5.  

    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 for less than a 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
  6.  

    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 for more than a 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
  7.  

    evolving

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

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

    Pros

    stable company with flex time.

    Cons

    work-life more and more encroaching on personal life as a norm; and not as an exception.

    Advice to ManagementAdvice

    work-life balance and personal responsibility need to be core values.

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

    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 for 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

  9. 6 people found this helpful  

    Outsourcing, outsourcing, outsourcing

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

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

    Pros

    Good place to learn the business. Management is flexible with regards to your personal life. Lots of different areas to move around and learn the business.

    Cons

    CEO only cares about lining his own pockets with more money. Outsourcing is just growing there more and more. Low pay. No loyalty.

    Advice to ManagementAdvice

    Stop outsourcing everything and care more about quality of work, as opposed to saving a buck. Pay more to retain talent. Show more loyalty to people.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    a great place to learn the industry of financial services. would recommend a stint here

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

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

    Pros

    work-life balance is really a priority here. the company values its employees. great place to learn and advance

    Cons

    the salary is not competitive with similar companies. once you learn your role the job can get repetitive

    Approves of CEO
  11. 1 person found this helpful  

    I wouldn't recommend it unless you are desperate.

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

    I worked at State Street full-time for more than 8 years

    Pros

    You can learn a lot.

    Cons

    If you are not on a revenue producing team you are always on the chopping block. Management does not share information with staff as if everything is a secret. As a first line manager I quickly learned the performance reviews linked to yearly increase and bonus are a complete sham.

    Advice to ManagementAdvice

    Share information. Also, be honest about the "total compensation strategy". In a group of 50, there should be more than 2 above average performers. If there weren't, State Street couldn't operate.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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