State Street Reviews

Updated March 27, 2015
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Employee Reviews

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  1. Business Analyst

    • 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 culture was second to none.

    Cons

    The role only lasted 10 months

    Advice to ManagementAdvice

    Keep your project procedures as they are.

    Recommends
    Positive Outlook
    Approves of CEO
  2. Practice the mantra preached

    • 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

    Good people who try to do their best for co workers and clients. Good vacation time and choices in health care providers

    Cons

    Work life balance not a concern for senior mgmt. - get the job done is the primary concern. Pay is out of line with competitors

    Advice to ManagementAdvice

    Treat employees as an asset. pay for performance is the mantra but not the reality, employees seen as a resource and if its used up there's little concern by sr mgmt

    Recommends
    Positive Outlook
  3. State Street is a great company to begin work

    • 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 (more than a year)

    Pros

    Great benefits, it's a good company to get started with, flexible with time

    Cons

    The job becomes very repetitive after a while. I recommend looking for other position after a year or so.

    Advice to ManagementAdvice

    Learn to promote opening positions to current team members. Suggest to ways to improve performance.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. Not a bad entry level job.

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

    I worked at State Street

    Pros

    Good entry-level job that gives you the opportunity to learn about investment operations and gives insight into the financial services industry. Depending on the group, it tends to be a pretty young team where you get to meet many other recent graduates.

    Cons

    You do not get many holidays off since the market does not close on most holidays.

    Advice to ManagementAdvice

    Provide more growth opportunities.

    Recommends
    Neutral Outlook
  6. Domestic Tax

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Great Company to work for

    Cons

    Nothing bad to say about the company

  7. Review of State Street

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Accounting Specialist in Sacramento, CA
    Current Employee - Accounting Specialist in Sacramento, CA

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

    Pros

    Flexible work arrangement. Employees get to work from home several days per week.

    Cons

    Too stressful. They expect you to take on a workload of several people.

    Advice to ManagementAdvice

    Don't try to overload employees with work.

    Doesn't Recommend
    Neutral Outlook
  8. Good place to start

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

    I worked at State Street

    Pros

    Benefits are or at least were, solid

    Cons

    Corporate beast, peels off layers, very few feel safe

    Advice to ManagementAdvice

    Move entire operation to India, what are you waiting for

    Negative Outlook
    No opinion of CEO
  9. 3 people found this helpful

    Decent company to work for

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

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

    Pros

    I joined not long after graduating from college. It was good experience building, also the insurance benefits are great, and there is a decent work-life balance. Could have been luck but my managers were great to work for

    Cons

    General attitude towards the company is not good, turnover rate in some divisions is pretty bad. People are tired of low pay and terrible bonuses.

    Advice to ManagementAdvice

    If people earned what they are worth the general feelings towards the company would probably improve. When the economy sank in 2008/2009, it was understandable why bonuses and raises were low at the time (if they existed at all). But years later, when the company's stock had more than tripled in value, it was obvious the organization was doing well but people were still told the money wasn't there to give out GOOD bonuses and raises. I fought hard for a raise and was repeatedly told no, yet found out they offered a contract employer a step below me more money than I was making, which was the final straw.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. not good

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

    I worked at State Street

    Pros

    Good pay for local internship, flexible hours with classes

    Cons

    Horrible management, work is repetitive and could be done by 13 year olds

    Advice to ManagementAdvice

    Go to college

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. Great Place to work

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

    I have been working at State Street

    Pros

    Great coworkers
    Very Laidback
    Great work life balance

    Cons

    No movement
    No communication with management
    work being outsourced

    Advice to ManagementAdvice

    Pay your workers more. stop outsourcing work

    Recommends
    Neutral Outlook
    Approves of CEO

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