State Street Reviews | Glassdoor

State Street Reviews

Updated December 14, 2018
3,661 reviews

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3.1
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
1,227 Ratings

Employee Reviews

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Pros
Cons
  • "Need more transperency, work life balance" (in 117 reviews)

  • "Long hours and can be stressful at times (like most jobs)" (in 183 reviews)

More Pros and Cons

  1. "Intern"

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

    I have been working at State Street full-time

    Pros

    I learned a lot from my position

    Cons

    not enough diversity in corporate


  2. "Quantitative Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - AVP-Analyst in New York, NY
    Current Employee - AVP-Analyst in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Company culture, relaxing environment, easy life

    Cons

    Bureaucracy, slow moving, below average salary

  3. "Senior associate"

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

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

    Pros

    Great place to start and gain experience

    Cons

    major restructure recently makes everything messy

    Advice to Management

    Yearly reviews should be mandatory


  4. "Its an amazing work place"

    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

    Pros

    Great staff to work with

    Cons

    No complaints at all, I love my job


  5. "Great place to learn"

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

    I worked at State Street full-time

    Pros

    Great place to learn and it sets you up for success in the future.
    Great work/life balance.
    Supportive management
    Access to Senior Management

    Cons

    Just like many others have stated, it's a great place to start but you run out of opportunities for raises and promotions quickly.


  6. Helpful (1)

    "Hierachy, politics and powerpoint define this company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Average pay and benefits. Some opportunities for internal transfers.

    Cons

    I worked for Global HR department. The culture and environment in this organization is declining and just feels sad. Management power wars are obvious and so is transferring of US jobs to "low cost locations" that will continue into the next year. My recommendation is to avoid this company if you want to control your how your career should be going (or not). Also noticed archaic management skill sets, where there is no respect for employees or individuals and you cannot communicate to management unless you have a specific powerpoint and maintain a strict minute agenda at the meeting to speak. Certainly not an environment that promotes and rewards ideas from within. Consultants and third parties are respected more than internal employees and management makes it known.

    Advice to Management

    none


  7. "Great place to start"

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

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

    Pros

    Great Place to Learn, lots of opportunities for lateral movement

    Cons

    Networking extremely important to get ahead.

  8. "Co-op"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Co-Op in Boston, MA
    Former Employee - Co-Op in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at State Street (Less than a year)

    Pros

    Great learning experience, opportunities post grad.

    Cons

    add more to the work plate


  9. Helpful (1)

    "Auditor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Internal Auditor in Boston, MA
    Current Employee - Internal Auditor in Boston, MA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Solid audit methodology to follow.
    Work/life balance is good, normal 8:30-5:00 and work from home on Fridays.

    Cons

    Promotions seem to be limited.
    Performance review process is too subjective and bias based on top managers' perception.
    Experienced hires are expected to start working with little direction and it is looked down on if you don't perform well right away. The first impression seems to sick for a long time

    Advice to Management

    Revise the performance review process to be more actual performance based, and not relying on people's bias on the employees


  10. "Good mobility"

    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

    You can learn a lot by managing your own career. Roles can be found in many disciplines from the front to back office.

    Cons

    Staying in one line of business may limit growth and advancement potential.