State Street Reviews in Boston, MA | Glassdoor

State Street Boston Reviews

Updated December 12, 2017
921 reviews

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Boston, MA

3.0
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
362 Ratings

921 Employee Reviews

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  1. Featured Review

    Helpful (7)

    "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.

    State Street Response

    Oct 4, 2017 – State Street

    Thank you for taking the time to share your experiences on career advancement and where we’re going with our technology. State Street is extremely committed to both our people and our technology... More


  2. "Great big bank with small bank feel"

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

    I worked at State Street full-time (More than 3 years)

    Pros

    If you work in the main corporate office, it has a smaller feel than it really is (30000+ employees). But that's a good thing. As far as large corporations go, it's probably the best place in Boston to work. Regular performance assessments, accessible managers.

    Cons

    There were a few RIFs (rounds of layoffs) in my time. Not always management's fault, but something to be aware of for all levels of staff.

  3. "Senior Tax Associate"

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

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

    Pros

    Couldn’t find any. Because you will get better at all aspect after you move to good company. Even through Some mangers are very good.

    Cons

    Low pay, a typical financial service company culture, people have to work for the firm for very long time to get promoted. Some of the senior people there concern their job security. Transfer job to India, everyone think of leaving. But the situation is they found themselves having no where to go after staying at State Street for so many years. They automate most of the procedures, so high turnover of employee really does not matter. I have to say they really run the company efficiently. But just not good for their employee. Most impressive thing I have there is: Longer year you work there, more miserable your life will be.


  4. "Over promise and overwork"

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

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

    Pros

    The proximity to South Station is great and makes it easy for commuters.
    SSB is one of the industry Respected administrator/ custodian as an admisttator

    Cons

    Staff is required to work extremely long hours.
    There is not a lot of people that have true end to end knowledge.

    Advice to Management

    Need to hire good experienced people and not over promise to clients.


  5. "Great learning experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Fixed Risk in Boston, MA
    Former Intern - Fixed Risk in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at State Street as an intern

    Pros

    Friendly coworkers, Superiors are willing to provide feedback and guidance

    Cons

    No downsides that I can remember

    State Street Response

    Dec 14, 2017 – State Street

    Thank you for taking the time to share your experience. I am happy to hear you enjoyed your time at State Street with great coworkers and senior leadership to provide good feedback and guidance. We... More


  6. "Generally positive, great place to learn."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Junior Portfolio Manager in Boston, MA
    Current Employee - Junior Portfolio Manager in Boston, MA
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Great opportunities to learn, tons of career development, and good mentors with time to give. Very entrepreneurial environment - if you have an idea, you can bring it forth for discussion.

    Cons

    If you cannot figure out how to get through the layers of politics in order to add value, you will not feel very fulfilled at state street.

    Advice to Management

    Invest meaningfully in technology. No half baked internal attempts to design state of the art systems. Either hire the best and brightest coders, pay them Silicon Valley salaries or you will be forced to settle for terrible platforms and systems linked together with no thought.


  7. "Good"

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

    I worked at State Street (More than a year)

    Pros

    It was a peacful work environment.

    Cons

    the work is very boring .

  8. "Vice President"

    StarStarStarStarStar
    • 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
    Recommends
    Approves of CEO

    I worked at State Street (More than 5 years)

    Pros

    401k match after one year of service, health insurance is expensive, bonus ca. 20%

    Cons

    many lay offs and new hiring at the same time; always be on the lookout for another position at another company.

    Advice to Management

    Decision making process is slow and everyone wants to cover their backs.


  9. "SR Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Sec Reporting Manager in Boston, MA
    Current Contractor - Sec Reporting Manager in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    gained excellent knowledge SEC Reporting & Excellent Knowledge on Form N-PORT & Form N-CEN

    Cons

    best place to work

    State Street Response

    Nov 30, 2017 – State Street

    Thank you very much for leaving your Glassdoor review. We’re glad to hear that you think State Street is the best place to work and that you’re gaining helpful industry skills and knowledge while... More


  10. "Pricing Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Pricing Analyst in Boston, MA
    Current Employee - Pricing Analyst in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Relaxed environment and stable hours

    Cons

    repetitive work and lack of growth

    Advice to Management

    motivate the employees


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