State Street Reviews in Boston, MA | Glassdoor

State Street Boston Reviews

Updated February 22, 2017
1,047 reviews

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Boston, MA Area

3.1
Star Star Star Star Star
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
400 Ratings

1,047 Employee Reviews

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  1. Featured Review

    Helpful (13)

    "Great place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accountant Associate II in Boston, MA
    Current Employee - Fund Accountant Associate II in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I joined the Future Focus accelerated development program straight away on graduating college last year and I have had nothing but good experiences with the company.
    I am currently in the Investor Services Americas division and I work with a great team. My manager and the upper management of the organization are really interested in getting us involved in projects outside of the day to day work and I can see that they're invested in my progress.
    I've had the opportunity to work on projects, do public speaking and I've even had dinner with the CEO this year.

    Cons

    Day to day work can be pretty routine and boring, but you can get involved in committees and projects on other initiatives. I'm an ambassador for our digital transformation program, so that gets me to see other aspects of the organization rather than just daily deliverables.

    Advice to Management

    Be more visible - it's good to see some of the execs are on our intranet platform and are blogging, but it would be good to see more of this and see our division leaders in person more often. More access to these leaders is what I'm looking for.


  2. "Above average"

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

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

    Pros

    low salary... hard to get motivated.

    Cons

    great benefits, convenient locations, and laid back environment


  3. Helpful (1)

    "Good opportunity, sort of?"

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

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

    Pros

    Great introduction to marketing in the financial services and the people there are intelligent. Marketing Director is passionate and it's infectious.

    Cons

    A lot of bureaucracy and promotion opportunities are Low. Processes were in the way of getting the job done efficiently and well. Not a fun corporate culture, very serious.

    Advice to Management

    Allow for more opportunities for juniors to get promoted


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  5. "Great Experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Social Business Analyst in Boston, MA
    Former Intern - Social Business Analyst in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great people to work with

    Cons

    I was 100% satisfied with my experience


  6. "Great Company to Be Well Rounded"

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

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

    Pros

    Affinity Groups - Women's Network, Cultural Networks, Toastmasters
    Internal Mobility
    Mentor Program
    Local (Boston) partnerships
    Work From Home encouragement

    Cons

    Lots of big company bureaucracy
    Slow moving communication to satellite sites


  7. "Recruiting Coordinator"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Recruiting Coordinator in Boston, MA
    Former Contractor - Recruiting Coordinator in Boston, MA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    good networking options, and affinity groups are great way to socialize across organizations. if in Boston, headquarters is energetic, busy and exciting to a young professional.

    Cons

    hard to move internally, pay could be better, if contract to perm, it takes forever, and they low ball you because they are "giving" you benefits.

    Advice to Management

    theres a lot of young diverse talent that are worth your time to train and develop into bigger roles. paying external firms to fill full-time positions doesn't always make sense.


  8. Helpful (1)

    "Update from a Project Manager"

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

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

    Pros

    Some really great people work here.

    Cons

    The good managers have their hands tied. They can't give the review status, raise, and bonus they think the people deserve. Quite a few departments are told to give the majority if not all of their people average (3's) on their reviews. This holds back transfers, raise amounts and bonus amounts. The sad part is that every division has a different set of rules.

    Advice to Management

    Don't tell us (the staff ) one thing and do something completely different. Make your rules apply across the board or don't put them out there. And stop cutting/ layoff the knowledgeable staff, the clients are NOT happy.


  9. "People make a world of a difference."

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

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

    Pros

    If you're lucky enough, the people make a world of a difference on your experiences and success.

    Cons

    Depending upon department, overtime is possible.

    If you're unfortunate enough, the people make a world of a difference on your happiness, well being, development, etc. during the 8+ hours you're at work.

    Advice to Management

    Come out from behind closed doors; be physically available for staff on occasion.


  10. "Officer"

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

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

    Pros

    Great on resume, opportunity to learn business

    Cons

    politics, manager put their interest ahead of projects


  11. Helpful (1)

    "Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Risk Manager in Boston, MA
    Former Employee - Risk Manager in Boston, MA
    Recommends
    Positive Outlook

    I worked at State Street full-time (More than 10 years)

    Pros

    The culture at State Street was very positive compared to other organizations. It has an interesting mix of high performance groups/ individuals and run of the mill. There are plenty of internal opportunities and generally plenty of job growth potential in most areas you find yourself in.

    Cons

    While the size is a pro the size can also be a con. Unless you are senior enough you can find yourself so low in the hierarchy that you may not have a Adsense of the vision for the group/ business or the organization. To this I'd say management does a respectable job of messaging to keep everyone involved. It is on you and your immediate manager to keep you involve.

    Advice to Management

    Make sure you keep the positive culture, turnover isn't a huge issue unless unemployment drops very low. State Street has always been seen as a place we're employees are treated respectfully and that has been a massive endorsement when you have to fill open positions.



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