State Street Reviews in Boston, MA | Glassdoor

State Street Boston Reviews

Updated May 25, 2017
1,093 reviews

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Boston, MA Area

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

1,093 Employee Reviews

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Pros
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  1. "Good for your resume."

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

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

    Pros

    Benefits. Good experience for your resume

    Cons

    State Street has 4 different business units. If you are in the Global services unit, this is a great place to get some experience, however, the salary is not competitive.


  2. "Client Service Manager"

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

    Pros

    I was able to work my way up from a Fund Accountant to and Auditor and then a Manager. I was able to learn even if it was not pat of my job description.

    Cons

    The reason I was able to learn so much is we were always losing employees due to the high demands of the job.

    Advice to Management

    Reward your employees that are putting in the work. Senior Management needs to listen when employees tell you why the are leaving.


  3. "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.


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  5. "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!!


  6. 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.


  7. "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


  8. "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


  9. "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


  10. Helpful (2)

    "Assistant Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Quincy, MA
    Former Employee - Assistant Vice President in Quincy, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Large global organization. Ability to work remotely.

    Cons

    Staff was buried with regulatory and audit requests which hampered client service.

    Advice to Management

    Stop offshoring jobs and job functions.


  11. "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.


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