State Street Reviews

Updated July 28, 2015
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2.8
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Approve of CEO
State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
527 Ratings

Pros
  • Flex work program allowing for good work/life balance (in 132 reviews)

  • The only one I can think of is the ability to work from home (in 65 reviews)

Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 42 reviews)

  • High turnover due to long hours (in 57 reviews)

More Pros and Cons

1,618 Employee Reviews

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  1. Featured Review

    Great Entry-Level Job

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Functional Specialist in Boston, MA
    Current Employee - Functional Specialist in Boston, MA

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Grasping all the job responsibilities in one week is doable by taking notes and asking questions. Every day the job is pretty much the same, so you would naturally get faster and faster at it. Lots of interesting web-based and classroom classes for free, so if there is a subject that you need to brush up on - they're perfect! The view of Boston and the harbor is breathtaking. Co-workers are extremely nice and friendly. I am looking forward to spending as many years as I can at this company.

    Cons

    When running into a few software issues, the IT help desk could take a really long time to solve your issue.


  2. Senior Associate

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

    I have been working at State Street (More than a year)

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Life-work balance, internal opportunities, lots of free events.

    Cons

    Lower pay compared to industry average.


  3. BUSINESS ANALYST

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

    I worked at State Street

    Pros

    GOOD envirent, great team.Co-workers are extremely nice and friendly.

    Cons

    Great place to learn and meet people. Most things depend on your manager and coworkers.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Good development team, but too many contractors

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Developer in New York, NY
    Former Employee - Senior Software Developer in New York, NY

    I worked at State Street full-time (More than 3 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Solid Java development environment with some good standards and focus on quality. Not a lot of pressure. Good compensation, especially if you work remotely and not in NYC. Great benefits and vacation. Some limited Web development opportunities.

    Cons

    Too many contractors and off-shore dev& QA. Quality suffers and coordination with team in India challenging. Products not especially interesting -- financial accounting s/w. Ho hum. Big company with lots of constraints and regulations to adhere to.

    Advice to Management

    Replace the less competent off-shore folks with full-time employees on site.


  6. Helpful (1)

    Senior Vice President

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

    I worked at State Street

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Friendly, collaborative, loyal, intelligent, caring

    Cons

    Beaureacratic, staid, thin-skinned, limited creativity, quarterly earnings focused

    Advice to Management

    Increase speed of decision-making process


  7. Too big to care

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Kansas City, MO
    Current Employee - Anonymous Employee in Kansas City, MO

    I have been working at State Street (Less than a year)

    Neutral Outlook
    Neutral Outlook

    Pros

    Opportunity for advancement if you like to suck up.

    Cons

    A lot of favoritism. The people at the bottom get treated the worst. They keep downsizing and increasing your workload.


  8. Great team of Staff

    Current Employee - Tax Supervisor
    Current Employee - Tax Supervisor

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

    Pros

    Great new office, Good people, great work environment

    Cons

    the turnover rate is high


  9. Good Place to Work

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

    I have been working at State Street

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Professional environment (at least where I am).

    Cons

    Long hours, weekends and littered with a lot of lazy people.


  10. Business Analyst

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

    I worked at State Street full-time (More than 3 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great benefits. State Street promotes flex time which allows me to WFH once a week.

    Cons

    pay is low. bonus and merit increases is close to nothing.


  11. Assocaite 1

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    Great environment, work with people your own age. Solid benefits

    Cons

    Pay is sub-par, frequently staying late



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