State Street Reviews in Boston, MA | Glassdoor

State Street Boston Reviews

Updated May 22, 2017
865 reviews

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Boston, MA

2.9
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
327 Ratings

865 Employee Reviews

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  1. "Pricing Analyst"

    Star Star Star Star Star
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA

    I have been working at State Street (More than 10 years)

    Pros

    Many different job opportunities within.

    Cons

    It is very easy to get pigeon-holed in one area of the company.


  2. "Officer, Fund Administration"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Officer, Fund Administration in Boston, MA
    Former Employee - Officer, Fund Administration in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Provide flex schedule, be able to work from home three times a week upon VP approval, able to learn a lot from cross training in different departments. Friendly managements.

    Cons

    Short of staffs all the time, turnover rate is very high, workload could be over 70 hours per week. You might need to work on weekends and very late hours to meet deadlines.

    Advice to Management

    Stop sending jobs oversea, keep and create more jobs back at our home, the America!!


  3. Helpful (2)

    "Great company to start your career"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great company to work in if you are planning to make it your life career.

    Cons

    The pay is very low for the amount of hours they are requiring employees to work. And as for health care benefit, one of the worst I have ever had.


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  5. "Great opportunities for people willing to work for them"

    Star Star Star Star Star
    • 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

    Pros

    I have worked with smart, hard working colleagues who are willing to go above and beyond, great access to flex time, ability to drive change if persistent

    Cons

    Can be very hierarchical at times

    Advice to Management

    Think beyond just your perspective; your employees have great ideas and are well worth listening to


  6. "Great company to work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Quality Assurance Analyst in Boston, MA
    Former Contractor - Quality Assurance Analyst in Boston, MA
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at State Street as a contractor (More than a year)

    Pros

    Great work environment. Vibrant and dynamic culture. Supportive management
    Work / Life balance. I see myself coming back here to work

    Cons

    Mass layoffs happen pretty frequently

    Advice to Management

    Try to retain talent


  7. "Poor Management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Nav Analyst in Boston, MA
    Former Employee - Nav Analyst in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Opportunity to take a variety of training courses

    Cons

    Management seems to not care about employees, common in large corporations


  8. "Accoutant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accountant in Boston, MA
    Former Employee - Accountant in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Benefits package is average but not great same as other companies except vacation purchase.

    Cons

    Known for laying off people around Thanksgiving/Christmas time by Department of Unemployment and Training. Told by a VP-department head in meeting with group, once group was dissolved that Human Resources had a "no rehire" section if management did not want you back. Working from home is not for every group within the company and it doesn't always work.

    Advice to Management

    Go to management classes and know how to be a manager to work with people. Keep doing what your doing eventually no one will want to work with you.


  9. Helpful (6)

    "Doing More With Less"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Support Specialist in Boston, MA
    Former Employee - Operations Support Specialist in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Decent opportunities to move up, get exposure to other areas of the bank.

    Cons

    Bonuses and yearly raises stagnated. Layoffs or rumors of layoffs leaves everyone stressed out and overworked.

    Advice to Management

    Stop trying to do more with less. It doesn't actually save you money in the end.


  10. Helpful (2)

    "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Vice President - Technology in Boston, MA
    Current Employee - Vice President - Technology in Boston, MA

    I have been working at State Street full-time (More than 10 years)

    Pros

    work life balance, decent benefits, continuous improvements in IT infrastrcuture

    Cons

    Does not match market on compensation side


  11. Helpful (2)

    "Operational Risk & Control Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operational Risk & Control Manager in Boston, MA
    Current Employee - Operational Risk & Control Manager in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Vacation time; Benefits; Exposure; Opportunity; Flexible Work Arrangements

    Cons

    Under appreciating; Do not pay well; Middle Management

    Advice to Management

    Pay your employees more


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