State Street Reviews | Glassdoor

State Street Reviews

Updated April 19, 2018
3,289 reviews

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3.1
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
1,101 Ratings

3,289 Employee Reviews

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Pros
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More Pros and Cons

  1. Featured Review

    Helpful (12)

    "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. Helpful (1)

    "decent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investor Services Manager in New York, NY
    Current Employee - Investor Services Manager in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    room for growth. project opportunities. decent benefits. great people to work with.

    Cons

    salaries are a bit below fair market value. quite a bit of red tape.

    Advice to Management

    keep engaging employees. pay them more.

  3. "Sr. IT ASsociate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Senior Associate in New York, NY
    Current Employee - IT Senior Associate in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    great manager. Great environment. learning experience great. good people to work for. lot of

    Cons

    growth. they do not believe in promoting within.

    Advice to Management

    must promote from within the company


  4. "Good resume booster"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at State Street part-time

    Pros

    No need to prepare for the job, they teach you everything you need to know
    Staff is friendly
    Always room to be promoted

    Cons

    Same type of work everyday


  5. "software developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street full-time

    Pros

    great environment. Fun to work. Great learning experince

    Cons

    no cons i guess. It would better if they provide remote working option

    Advice to Management

    keep moving


  6. "Paralegal, AVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    Work life balance is highly promoted

    Cons

    Lack of diversity within upper management and board of directors.


  7. Helpful (5)

    "Decent Entry Level Company, Not Much More Than That"

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

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

    Pros

    It is a big time firm and well known in the financial services industry so a good place to start. There are a variety of different roles and they try to encourage internal movement so opportunities are there. The PTO is competitive, probably above average and they offer work-from-home days which are convenient. Schedules can be flexible and they are good with sick days and coverage when needed.

    Cons

    Big time silo issues where communication is lacking and each department seems to be in competition, no one wants to take responsibility and rarely will they work together for the betterment of the company. The pay is lacking and lower than industry standard, overtime is non-existent even though you want to get out of there anyways once the 8 hours is up. The work is monotonous and was very difficult to grasp/improve due to the lack of hands on training and guidance.

    Advice to Management

    Management should help the lower level associates learn and grow more. Communication among teams needs to be improved as everyone sits at their cubicles not speaking a word and there is no team chemistry. Promotions are very far and few between and raises can be decent or they might not be there at all. Motivate your employees and provide more incentives.

  8. "Decent Old Player"

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

    I worked at State Street full-time

    Pros

    Lots of opportunities and information to learn in the right role

    Cons

    Growth paths are limited and reatricted

    Advice to Management

    Grow the staff


  9. "Associate 1"

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

    I have been working at State Street full-time

    Pros

    Great learning potential and numerous benefits

    Cons

    Long days and inconsistent workload


  10. Helpful (2)

    "Strong Company with great history"

    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
    Positive Outlook
    Approves of CEO

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

    Pros

    Great company to learn straight out of school

    Cons

    The longer you work there and the better you get at your job the more they ask of you until you can't handle the load anymore and then they dismiss you or you just leave for a better situation.

    Advice to Management

    Really try to focus on employees work life balance and don't only focus on "how much money we can make the already millionaires"


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