State Street Reviews in Boston, MA | Glassdoor

State Street Boston Reviews

Updated September 20, 2017
1,132 reviews

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Boston, MA Area

3.1
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
444 Ratings

1,132 Employee Reviews

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Pros
Cons
  • lot of politics no work life balance (in 101 reviews)

  • Long hours pressure during end of month (in 149 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (1)

    "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.


  2. "Intern - Graduate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Graduate in Quincy, MA
    Former Intern - Graduate in Quincy, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at State Street as an intern (Less than a year)

    Pros

    Fun place to work. Managers are very good mentors. Team members are very supportive. Company, although very old, has got great vision for future growth and is rapidly moving towards it. Feels like working in a family

    Cons

    None. Transition to full time may be clearly defined.

    Advice to Management

    Keep it up.

  3. "Ops Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate II in Quincy, MA
    Current Employee - Associate II in Quincy, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Young employees keeps it lively, good hours for a snoozer, easy commute

    Cons

    The pay, and some employees above you may not be educated to the fullest I'll say

    Advice to Management

    Nothing other than raise the pay of the hard workers in Securities Valuation


  4. "SSGS Associate"

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

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

    Pros

    FLEX. WFH.
    If you're a recent grad or someone not sure that the 9-5 works for them this is huge.

    Cons

    Low pay compared to the industry, huge skill level gaps between people in the same position, poor management.

    Advice to Management

    INVEST IN THE FUTURE.


  5. Helpful (2)

    "State of chaos"

    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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Global. Some great people to work with and for.

    Cons

    Total chaos. Perpetual state of change to try to right size what wasn't working. Top management out of touch with realities of staff.
    Staff were expected to continue to push through while benefits and opportunities shrank. A lot of lip service on positive change that never materialized.
    Top management if very "old white guy" in mentality and composition.

    Advice to Management

    Take a true look at yourselves and make substantive changes that will truly get you to a better place in the future.


  6. "Senior Tax Analyst"

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

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

    Pros

    The company has a lot of programs, training are great for knowledge, also promote to growth within the company.

    Cons

    The volume of the works.


  7. "ship is slow to change course"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Project Manager in Quincy, MA
    Current Employee - IT Project Manager in Quincy, MA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at State Street full-time

    Pros

    company is shifting into big data and has made the shift to agile

    Cons

    lots of contraction in the company due to shift in operating model

  8. "General Overview"

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

    I have been working at State Street full-time (More than 3 years)

    Pros

    Great internal mobility opportunities are offered if inquired.

    Cons

    Employee Resources are scarce, which can make for overload in work.

    Advice to Management

    Keep employees engaged

    State Street Response

    Sep 14, 2017 – State Street

    Thank you for your review and for highlighting our dynamic mobility opportunities. Providing our employees with new opportunities is vital to our continued growth and innovation, as it promotes fresh... More


  9. "Global Markets"

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

    I have been working at State Street full-time

    Pros

    Work life balance is generally good. Fairly good benefits.

    Cons

    The company has had nonstop layoffs over the past couple of years and has a constant do more with less mentality.


  10. Helpful (3)

    "It depends which department you're in"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street full-time (More than 5 years)

    Pros

    It depends on the department you work in, I really enjoy the people that I work with, they are very flexible and have given me many opportunities over the years. Pretty good vacation time (4 weeks for Officers and above).

    Cons

    Too much office politics! Days can be very long during the busy periods.

    Advice to Management

    Try to understand the responsibilities of your employees and the value that they add before offshoring jobs to Poland and India. Client satisfaction will plumet and you will lose more in the long run than you will gain. Morale is very low as a result, but upper management doesn't really care about their employees, they are just looking for bigger bonuses at the end of the year.

    I also want to note that career opportunities and culture/vales are based on my department, not the company as a whole, because if it were for upper management only, they would all be one stars.


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