State Street Career Overview | Glassdoor

State Street Overview

Boston, MA
10000+ employees
1792
Company - Public (STT)
Investment Banking & Asset Management
$10+ billion (USD) per year
At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing.

Whether you are an asset manager, asset ... Read more

Company Updates

  • Being a mom and an employee do not have to be mutually exclusive. That’s why we’re proud to be named one of the 2017 Working Mother & AVTAR 100 Best Companies for Women in India. http://glassdoor.com/slink.htm?key=vQD53

    —2 days ago
    Avtar | Best Companies for Women In India

    Working Mother and AVTAR Best Companies for Women in India (BCWI)

  • We’re proud to have our Professional Women’s Network recognized as one of the Top 10 Employee Resource Groups in the US. http://glassdoor.com/slink.htm?key=vQuPk

    —15 days ago
    2017 ERG & Council Honors Award Recipients

    In its ninth year, the prestigious ERG & Council Honors Award™ recognizes and awards the outstanding contributions and achievements of U.S. ERGs, BRGs and Diversity Councils that lead organizational diversity and inclusion processes and demonstrate results in their workforce, workplace and marketplace.

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State Street – Why Work For Us?


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At State Street, we know that smart, skilled, productive employees are essential to our company’s continued success.  As a leading provider of financial services, with operations in 27 countries and more than 29,000 employees worldwide, we work hard to provide an environment where every employee feels engaged, valued, and well-equipped to reach their full potential.

Promoting a culture of excellence

Our people are our most valuable — and valued — resource. That’s why we focus on Employee Engagement, Development, and Global Inclusion. We’re a company that insists on — and recognizes — exceptional performance. We know our success hinges on the critical task of attracting the best people to join us. People like you.

No matter where around the world our employees are located, we are united by a common goal: to add value by collaborating strategically with all of the groups we serve — clients, shareholders, fellow employees and the communities where we live and work. By treating our employees with respect and providing opportunities to fulfill personal and professional goals, we’ve created a diverse, high-performance culture of excellence.

Join a global industry leader

Looking for a challenging and fulfilling opportunity to grow along with a global industry leader?

State Street has earned its reputation as one of the world’s top providers of financial services to institutional investors by successfully meeting the changing needs of the marketplace for over two centuries. Today, with our unique combination of consistency and innovation, we help clients manage uncertainty, act on growth opportunities, enhance client service and optimize cost structures.

Whether you’re just starting out in your career or are reentering the workforce, already have financial services experience or are new to the industry, State Street has a wide range of employee resources, a commitment to flexible work schedules and a host of development programs in place to help you build a personally and professionally fulfilling career.

We encourage you to explore the possibilities that State Street offers.

 

 

 

Managing the divergent demands of your personal life and professional goals can be a challenge.  State Street’s  Work/Life program offers a healthy variety of programs and services that help employees manage the big and small life events we all face daily, whether they involve caring for others, caring for yourself, or both.

As a State Street employee, you have access to a wide range of work/life resources geared toward providing flexibility.  These resources include:

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Flexible work arrangements program, including flextime, flexplace, part-time, compressed schedules and job-sharing options

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Child, elder and personal care referrals and resources

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Emergency back-up day care services

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Paid parental leave

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Resources to support new mothers returning to work

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Employee Assistance Program (EAP) services

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Personal financial planning seminars

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Discounts to health and fitness clubs

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Discounts for personal expenses, including auto and home insurance, computers and banking

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Group discount opportunities, including shopping, recreational and entertainment activities

 

State Street offers a competitive, comprehensive and flexible benefits program designed to meet the changing needs of our employees and their families. 

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 Programs that cover employee, spouse, domestic partner, other adult dependent and/or children

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A selection of comprehensive medical plan options, such as a health maintenance organization (HMO), a preferred provider organization (PPO) or an high deductible plan with health care savings account, each offering a different level of provider choice

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Dental and vision coverage

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Flexible spending accounts for health care, dependent care and transportation needs

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Employee and family life insurance

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Accidental death and dismemberment coverage

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Short-term and long term-disability

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Salary Savings Program with 401(k) pre-tax and Roth options, competitive company match and discretionary performance-based contribution opportunity

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Holiday and vacation policy, plus option to buy/sell up to 5 days of vacation

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Adoption Assistance Plan

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Support for continuing education

 

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Inclusion and diversity are strategic imperatives at State Street.  As a global company, what we value most about our more than 29,000 employees are the qualities that make them unique — their experiences, interests and capabilities. Global Inclusion is our company-wide effort to ensure that every one of our employees feels engaged and valued by recognizing and utilizing their unique talents.

Below are just a few of the key programs and activities we offer as part of our Global Inclusion initiative:

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Flexible Work Program

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Mentoring

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Various Employee Networks and Affinity Groups, which create the grassroots infrastructure for our inclusion efforts

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Sponsorship of numerous national and local professional associations

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A formal Work/Life program to address the needs that all employees have in integrating their professional lives and personal responsibilities

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A reward and recognition program for employees who display best-practice inclusion behavior

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An enhanced governance structure for inclusion, featuring executive vice president-level leadership and a 30-member global working group

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A personal development goal for all employees on inclusion-related behavior woven into our performance management system

 

We’ve recently launched the State Street Alumni network;dedicated to connecting former State Street colleagues (including legacy IBT, IFS, IFTC etc). This community enables alumni to make and renew connections with former colleagues, take advantage of exclusive perks and discounts, keep up to date on State Street and alumni news and attend special events.

We look forward to welcoming our alumni to the community and invite our alumni to join here


Actively engaging our global communities is one of our fundamental values

At State Street, we are committed to increasing the economic well-being of our communities, both in the United States and globally.

Our Corporate Citizenship group and the State Street Foundation, Inc., the company’s charitable grantmaking arm, help equip less-advantaged citizens with the skills they need to succeed.

Every year, State Street devotes a portion of its pre-tax profits to the State Street Foundation. In turn, the foundation invests in communities through a strategic grantmaking program, an annual employee giving campaign and our Matching Gift Program.

We manage giving programs at 35 sites and 24 countries in Africa, Asia, Australia, Europe, Japan and North America. In our offices around the world, our employees volunteer to serve on regional committees that identify community needs and partner with local charities to implement real change.

Helping our employees do more

Our employees are passionate about giving. State Street’s Matching Gift Program helps make the most of their charitable donations in three ways:

> GiveMore — Matches their financial contributions

> CollectMore — Matches their fulfilled fundraising pledges

> DoMore — Matches their volunteer time

Extending our support with community outreach

Through our Global Outreach employee volunteer program, State Street enables community organizations to draw on the resources and talents of our employees. In 2010, our employees around the world devoted 78,000 hours to community outreach activities.

Our current employees aren’t the only State Street volunteers with a tireless community commitment. In Massachusetts, for example, we offer the Spirit of State Street alumni volunteer program for retired and former employees, and provide summer jobs to high school students in Boston. In many of the markets where we do business, we sponsor charitable fundraising events and make contributions to small business and affordable housing investment funds. Our procurement division also manages a highly successful Supplier Diversity Program.

Earning high ratings for community support

Because State Street is classified as a wholesale bank under US Community Reinvestment Act (CRA) regulations, we are evaluated every two years on how well we meet the needs of the communities in which we operate — particularly in low- and moderate-income neighborhoods.

Reducing our impact on the environment

At State Street, we are working to impact our community in several ways — including by better managing our environmental footprint. In 2003, we issued our first Corporate Environmental Sustainability Policy Statement. In 2008, we established our Office of Environmental Sustainability and began to roll out our Environmental Management System to all of our offices globally.

These efforts have gained us industry-wide recognition.  In its inaugural “Green Rankings 2009,” Newsweek magazine named State Street one of the top 10 green companies.  The survey ranks America’s 500 largest publicly traded companies based on sustainability. State Street ranked No. 1 among financial services companies and sixth overall for its resource use, carbon emissions, and its policies and strategies, along with its reputation among peers.  If you’d like to find out more about the survey, including the methodology, visit Newsweek online at http://greenrankings.newsweek.com/top500.

We know that being a responsible corporate citizen contributes to our success as a global company and is essential to our long-term sustainability.

State Street Reviews

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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
1,024 Ratings
  • Featured Review

    Helpful (6)

    "Great career opportunities and growth potential"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in Boston, MA
    Current Employee - Managing Director in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    The people are great and there are always opportunities to raise your hand and take on a new challenge that can propel your career forward. Just like any other company, your career growth at STT is what you make of it.

    The company is investing in its people and technology which is great. The focus on innovation and next gen technology in our company and industry is exciting.

    Cons

    None that are exceptional and worth noting.

    Advice to Management

    Keep investing in our people, innovation and next gen technology.

See All 3,400 Reviews

State Street Photos

State Street photo of: Outside of Building
State Street photo of: State Street Bank along Sir John Rogerson's Quay (Photo thanks to Geograph user Joseph Mischyshyn, Some Rights Reserved)
State Street photo of: View of the State Street and Barclays buildings from Fraser Place (Photo thanks to Geograph user Robert Lamb, Some Rights Reserved)
State Street photo of: Office blocks at the eastern end of Sir John Rogerson's Quay (Photo thanks to Geograph user Eric Jones, Some Rights Reserved)
State Street photo of: the new building in south boston
State Street photo of: White Board
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State Street Interviews

Experience

Experience
59%
27%
13%

Getting an Interview

Getting an Interview
52%
18%
12%
8
3
3
1

Difficulty

2.5
Average

Difficulty

Hard
Average
Easy
  1.  

    Hadley Interview

    Anonymous Employee
    Accepted Offer
    Positive Experience
    Easy Interview

    Application

    I applied through college or university. The process took a week. I interviewed at State Street.

    Interview

    Got an email to be interviewed in the Hadley office. Interview was quick and easy. Nice and professional interviewers. Asked basic questions about prior school and work experiences. Interview lasted around 20 minutes. Got a call back within 24 hours.

    Interview Questions

    • When was one time you faced adversity and how did you react to the situation?   Answer Question
See All 1,037 Interviews

State Street Awards & Accolades

  • 2017 Working Mother & AVTAR 100 Best Companies for Women in India, Working Mother & Avatar, 2017
  • Working Mother 100 Best Companies, Working Mother, 2017
  • Corporate Equality Index Perfect Score, Human Rights Campaign’s (HRC) Corporate Equality Index, 2017
  • Times Top 50 Employer for women, Times, 2017
  • Best Global Custodian, The Asset Triple A Asset Servicing, Investor and Fund Management Awards, 2017
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