State Street Reviews | Glassdoor

State Street Reviews

Updated April 29, 2017
2,767 reviews

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

2,767 Employee Reviews

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  1. Helpful (1)

    "Was good place but cost pressures are destroying the good things"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director and Managing Counsel in Boston, MA
    Current Employee - Managing Director and Managing Counsel in Boston, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Great benefits and exposure to lots of complex matters.

    Cons

    Lots of internal politics and offshoring is destroying the State Street of the 1990s and early 2000s that was such a great place to have a career.

    Advice to Management

    Stop offshoring if you want to keep US talent


  2. Helpful (2)

    "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.


  3. Helpful (1)

    "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


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  5. Helpful (1)

    "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


  6. Helpful (2)

    "Vice President"

    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 full-time (More than 8 years)

    Pros

    Good work life balance, close to the train

    Cons

    low merit, management can be out of touch with employees

    Advice to Management

    stop appeasing shareholders, and try working with your greatest asset, the employee


  7. Helpful (1)

    "Fun office terrible company"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time (More than 5 years)

    Pros

    The job is great right out of college and for a few years after. Its filled with young working professionals who like to party after work. The work life is about the only pro

    Cons

    -Awful pay
    -Offices and desk are clustered
    -Too many "VPs"
    -Office space type of job where you have people you don't know always asking you things

    Advice to Management

    Doesn't matter because it will never change. This is a giant corporation who does not care about retaining their employees.


  8. "Client Service Associate 2"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Associate in Kansas City, MO
    Former Employee - Client Service Associate in Kansas City, MO
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Nice place to work with lots of oppurtunites to grow, employee events held through the year.

    Cons

    No structured job training for new joinees, have to work on holidays too depending on department

    Advice to Management

    More training


  9. "Compliance Quality Assurance"

    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

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

    Pros

    Flex work arrangement is great.

    Cons

    Very hard to be promoted


  10. "Not the best place if you are looking to grow"

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

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

    Pros

    Consistent work pace and good networking opportunities.

    Cons

    Very few opportunities to grow or display competencies. The work becomes dull quickly once it becomes second nature.

    Advice to Management

    Draw on your staff to generate ideas on how to improve outdated tasks and workflows.

    State Street Response

    Apr 27, 2017 – State Street

    Thank you for your comments. Having opportunities for professional growth and being challenged by work is an important part of career development. I hope that State Street employees feel supported to ... More


  11. Helpful (1)

    "Not great"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President Project MAnager in Boston, MA
    Current Employee - Assistant Vice President Project MAnager in Boston, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Generous vacation, very flexible WFH arrangements, casual dress, decent health and 401k benefits, industry name recognition, internal mobility.

    Cons

    Poor bonuses, deferred cash/stock bonuses over 4 years if you're VP or above, little to no annual merit increases. Very large company causing lots of red tape and pockets of terrible culture, lots of lifers who've never worked anywhere else and have a warped sense of reality and importance. Not a meritocracy, everything is seniority based.
    Worst of all: poor poor culture of condescending attitudes towards one another. Backstabbing, throwing people under the bus, yelling, and swearing common in meetings and conf calls.

    Advice to Management

    They know what they need to do.


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