State Street

www.statestreet.com

State Street Reviews

Updated January 31, 2015
Updated January 31, 2015
1,444 Reviews
2.8
1,444 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
468 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.  

    Client Service Degradation

    • 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

    Pros

    State Street has a solid management team and is building the future state service model...

    Cons

    ...that will adversely impact clients service. Offshoring initiatives and their segmented approach has limited their flexibility and acountability internally.

    Advice to ManagementAdvice

    Provide opportunity and support for your employees.

    Doesn't Recommend
    Neutral Outlook
  2. 2 people found this helpful  

    more concern for top management than employees or clients

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

    I worked at State Street

    Pros

    salaries if you've been there a while, lots of room for growth at entry level to mid-level, good benefits.

    Cons

    Executive management has taken their eye off the ball and it shows in the service delivery. Morale of employees is about as low as it can get and advice from managers is, go look for somewhere else to work because it isn't going to get better here anytime soon.

    Advice to ManagementAdvice

    Stop gutting the employee base and eliminating the knowledge base with layoffs. Wonder as the employment market improves, how you think you'll keep good employees.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    An intern treated with respect

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

    I worked at State Street as an intern (less than a year)

    Pros

    The office culture was incredibly professional yet also laid back enough. I loved that my superiors always valued whatever input I had to offer and took the time to make sure I was satisfied, had enough work to do, and was given the proper amount of responsibility. I felt like I was actually contributing in a big way.

    Cons

    The company in general is very hierarchical, which often made it difficult to express my opinion, or intimidating at least. The company also has a reputation of being quite sexist, and I saw traces of this, especially in my department.

    Advice to ManagementAdvice

    They could work more on devoting more attention to the younger employees. These employees are the future of the company, after all.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    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

  6.  

    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.

  7.  

    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
  8. 1 person found this helpful  

    Driving Positive Change For the Future

    • 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 10 years)

    Pros

    Jay Hooley recently appeared on NECN, his comments drove home for me the following. Our company is involved in the community, creates an inclusive work environment, and cares about the environment. We also do a great job for our clients and why I am proud to work here.

    Cons

    The demands and continued drive to succeed can result in pressure and stress during challenging times yet it is the same challenges that provided most with the opportunities to succeed. Expectations are high but what would you expect from a leader.

    Recommends
    Positive Outlook
  9.  

    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

  10.  

    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
  11.  

    A large company that compensates well and continues to grow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate in Fair Lawn, NJ
    Current Employee - Senior Associate in Fair Lawn, NJ

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

    Pros

    Flexible work arrangements (work from home) is promoted
    Company appreciates hard work and rewards with $ and meals as needed when working overtime

    Cons

    IT support is very limited in some offices
    Overtime is very common and some weekends

    Recommends
    Positive Outlook
    Approves of CEO

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