State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews

Updated December 21, 2014
Updated December 21, 2014
1,390 Reviews
2.8
1,390 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
450 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Excellent Employer

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

    I have been working at State Street

    Pros

    The company invest in its employees development, growth and well being. Flexible schedule and diversity are pushed down from the top.

    Cons

    The team may not reflect what the company stands for.

    Advice to ManagementAdvice

    Continue pushing down the company values to lower level management. Ethics , risk and compliance will be better served with more woman in positions to make a difference across the organization.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good to start your career

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Good salaries if you have the patience to stay

    Cons

    Lack of communication to lower levels

  3.  

    Cash processing

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

    I have been working at State Street

    Pros

    A friendly environment. it is a big company for sure.

    Cons

    I believe the most people you work with will be nice. but be prepared to meet some poor-attitude one.

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


  5.  

    Lot to learn

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

    I have been working at State Street

    Pros

    Getting to work in different teams

    Cons

    No core work (Intern) like risk modelling.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Functional specialist 2

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Wonderful managers, team. Lots of learning opportunities

    Cons

    Limited overtime although that doesn't apply that often

  7.  

    Lots of room to move around

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

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

    Pros

    * Good benefits/ vacations/ sick-day policy etc.
    * Generally good managers
    * Like with any big company, tons of room to move around

    Cons

    * Used to be stable, but lots of people let go over the last 5+ years
    * Hierarchical/ Bureaucratic culture.

    Advice to ManagementAdvice

    * Every thing should not be about money/ numbers.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Associate Level

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Great place to start career

    Cons

    There is a high turnover rate

  9.  

    Kansas City Fund Administration

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Administrator II in Kansas City, MO
    Former Employee - Fund Administrator II in Kansas City, MO

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

    Pros

    Overtime > 40 hours for Level 1 & Level 2. Enjoyed the people.

    Cons

    Manager role requires 50+ hours a week for inadequate pay

    Recommends
    Positive Outlook
  10.  

    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
  11.  

    Hit and Miss Financial Corporation

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

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

    Pros

    -Decent working environment
    -Upward mobility potential if desired
    -Good training
    -Great benefits, including health insurance and vacation policies
    -Typically flexible working arrangements and work from home capability
    -Good on-site amenities
    -Good yearly incentive pay

    Cons

    -Lowest pay brackets among financial corporations in the area
    -Frequent outsourcing of some departments
    -Demanding client-based environment

    Advice to ManagementAdvice

    -Increase pay brackets to retain talent
    -Develop better practices/policies for evaluating potential management before hiring/promoting

    Recommends
    Neutral Outlook

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