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. 5 people found this helpful  

    Unless you are desperate for a job look somewhere else

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

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

    Pros

    Decent benefits
    Team oriented
    Located outside of Boston

    Cons

    Always understaffed
    Work all but 2 holidays a year
    Poor training
    Limited room for gorwth
    Low base salary and bonus compared to other companies
    Overworked and everyone in the team is burnt out
    Worked during 3 blizzards and one tropical storm

    Advice to ManagementAdvice

    Hire more people to spread the work load, focused more on training current employees, and recognize those who stand

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Fabulous Internship

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

    I worked at State Street as an intern

    Pros

    Absolutely loved it, many opportunities for different professional events, hands-on learning

    Cons

    none! very great management, leadership and maintenance of the many interns

    Advice to ManagementAdvice

    Keep it up!

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Good company, but currently playing in a difficult environment

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    State Street is a global institution with smart professional people and can offer high-impact, challenging job opportunities in some of the most interesting areas of financial services today.

    Cons

    The current industry environment is difficult and not likely to get better for some time, with the sluggish recovery and more intense regulation. As a result, like all other major banks, State Street will continue to have to succeed by cutting costs, making job stability shaky and a high pressure workplace.

    Advice to ManagementAdvice

    Seek to show better support of employees strained by current tough environment and the pressure that comes with it.

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


  5.  

    So far my experience has been good, people are friendly and welcoming!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 an year)

    Pros

    It is a great resume booster and the people seem to be very nice so far.

    Cons

    The pay is very low for someone living in the city or communting to it.

    Advice to ManagementAdvice

    Be more accomodating to personal finances.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great career development opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Operations Processing Analyst in Hadley, MA
    Current Employee - Operations Processing Analyst in Hadley, MA

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

    Pros

    Learn a lot and develop skills that will help in career development

    Cons

    Work is boring at times

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Staff

    • 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 good place to start your career

    Cons

    Low starting salary in the beginning

  8. 3 people found this helpful  

    Glad to be gone

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

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

    Pros

    Good work life balance with potential to work from home or create a flexible schedule. Benefits were excellent.

    Cons

    Extremely negative environment, pressure to work overtime to get the work done with limited staff.

    Advice to ManagementAdvice

    Mean what you say when you claim you want to retain top talent. My department had a huge turnover percentage and lots of good people were leaving.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    Not worth your time

    • 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 part-time (more than an year)

    Pros

    extra money while in school, make your own schedule

    Cons

    horrible management, no time off requests granted, boring

    Doesn't Recommend
    No opinion of CEO
  10. 2 people found this helpful  

    Eh....

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

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

    Pros

    Young company, so a lot of your coworkers are around your age. Managers/colleagues are usually the only reason to go to work. And that's only on some teams. Really only busy for 5months of the year. Lots of learning and training, definitely get to know ins and outs of tax.

    Cons

    VERY low pay. Yes OT is allowed, but compared to other companies, the salaries are extremely low. Upper management are only concerned with how low their pay is, so they only hire college grads, then get mad when the ending product is less than satisfactory. Very VERY little room to grow, career wise. Takes around 4-7 years just to be promoted to Senior.

    Advice to ManagementAdvice

    Happy staff, better ending product. Keeping your staff miserable doesn't get you a better outcome.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Financial Reporting Specialist

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

    I worked at State Street full-time (more than an year)

    Pros

    Gain a lot of experience

    Cons

    There are nothing much to talk about cons

    Advice to ManagementAdvice

    Please consider work-life balance.

    Doesn't Recommend
    Disapproves of CEO

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