State Street Reviews

Updated July 29, 2015
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1,624 Employee Reviews

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  1. Good for starting out

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - SEC Yield Analyst, Associate II in South Boston, MA
    Current Employee - SEC Yield Analyst, Associate II in South Boston, MA

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

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

    Pros

    Work/life balance is great- rarely work 40 hours/ week except during month end, and you are paid time and a half for any overtime. There is opportunity for growth, usually promoted after one year. Overall- a good starting spot, don't get too comfortable!

    Cons

    Starting salary is very low. Groups are often understaffed due to high rate of turnover and its incredibly time consuming to hire someone new, if they even keep a position open after someone leaves.

    Advice to Management

    Offer more rewards and take notice of those working hard


  2. Intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    A great place for gathering experience and getting to know the industry.

    Cons

    Very large corporation, feels like just a number.


  3. Great 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 full-time (More than 8 years)

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

    Pros

    Great people and as a global company, great opportunities for travel and advancement - you can move with in the company either to different business areas or different locations. Roles can be transactional at times, and you have a lot of pressure for deadlines, but that's because it's a very detail-oriented and client-driven environment. There's really good flex-work policies where you can work from home, or other locations, or different hours, and I like that there are so many employee networks and volunteering opportunities to get involved.

    Cons

    The salaries are definitely a challenge - it's tough to come in at the entry-level salary on offer, but there are good opportunities to progress, and overtime is paid at the Associate levels. It can be hard to navigate a company this size, but the "collaborate" internal social media platform has been really helpful in breaking down navigational hurdles and getting people involved.

    Advice to Management

    I'd suggest reviewing salaries and looking at increases across the entry level salaries.


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  5. Fund Admin R&C

    • 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

    Pros

    Great team, so many opportunities to grow and learn, work from home, bonus & raise potential every year, vacation time

    Cons

    Low pay, barely any perks


  6. Fund accountant

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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Laid back environment and good coworkers. Communication is good and hours are great. Very flexible. Even work from home opportunity

    Cons

    Very low pay. No good benefits. Jobs seam to be flying overseas to India and a lot of people will probably be let go soon.

    Advice to Management

    Pay people better and production and employee moral will improve and there will be less turnover


  7. Assistant Vice President

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President - Finance in Los Angeles, CA
    Former Employee - Assistant Vice President - Finance in Los Angeles, CA

    I worked at State Street full-time (More than 5 years)

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

    Pros

    The subject the matter expertise is excellent. Great place to learn. Flexible work arrangements. Good work life balance. Great locations for potential transfer.

    Cons

    Salary scale for market is mid to low. The benchmark survey must include some disparate cost of living locations. There has also been some offshore get over past few years, but that seems to be over.

    Advice to Management

    Overall, the only thing that could be better are salary and mobility. Seems like there should be more formal mobility both ways between locations. Salary is needs to be high market. If you have the best people, then pay them as such.


  8. Helpful (3)

    Arrogant, passive-aggressive people-burners.

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

    I worked at State Street full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Benefits, location and flex work opportunities. Base pay ok but bonus opportunity decreasing for VPs and above.

    Cons

    Leadership pontificates about compliance and accountability but jumps out of the way of blame flowing downhill. Broken systems and processes and siloed communications leave even the most earnest of employees vulnerable. Work loads are high as reductions in force trail on and on. Open office working environment is distracting and demeaning. Once you've moved on to a company worthy of your talents, you'll be embarrassed you stayed as long as you did.

    Advice to Management

    Instead of trying so hard to look like a diverse, compliant company that cares about its employees, try actually doing it.


  9. company review

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Great company culture and opportunities

    Cons

    Little interaction within different departments


  10. Helpful (1)

    State Street

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

    I worked at State Street full-time

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

    Pros

    work from home benefit is great as it saves me alot of commuting time and allows flexibility in handling commitments at home

    Cons

    alot of overtime, employee morale is real low, management is committed to offshoring jobs, salary is on lower end of industry

    Advice to Management

    find a way to improve employee morale. As a client service organization, your employees are your life line, if they are not engaged then it will reflect in the service they provide


  11. SS BANK

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Custody Specialist in Roxbury, MA
    Former Employee - Custody Specialist in Roxbury, MA

    I worked at State Street (More than 3 years)

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

    Pros

    you can move within the company

    Cons

    they do not pay enough



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