State Street Reviews | Glassdoor

State Street Reviews

Updated December 12, 2017
3,109 reviews

Filter

Filter

Full-timePart-time

3.1
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
1,036 Ratings

3,109 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
More Pros and Cons

  1. Featured Review

    Helpful (7)

    "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. "Account maintenance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Maintenance Coordinator in Quincy, MA
    Former Employee - Account Maintenance Coordinator in Quincy, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Convenient location To mbta. Base pay is decent. Parking is free. Lots of discounts for local gyms. Overall decent place to work

    Cons

    Management ignores problematic people and lets them disrupt the positive atmosphere. Caf isn’t great. Food could definitely improve with variety

  3. "Great big bank with small bank feel"

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

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

    Pros

    If you work in the main corporate office, it has a smaller feel than it really is (30000+ employees). But that's a good thing. As far as large corporations go, it's probably the best place in Boston to work. Regular performance assessments, accessible managers.

    Cons

    There were a few RIFs (rounds of layoffs) in my time. Not always management's fault, but something to be aware of for all levels of staff.


  4. "Intern"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street part-time

    Pros

    A lot of opportunities and ways to get involved

    Cons

    long hours and can be overwhelming


  5. "Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Pricing Specialist in North Quincy, MA
    Current Employee - Pricing Specialist in North Quincy, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great communication
    Great managers
    Great co-workers
    Efficient teamwork
    automated programs

    Cons

    Dull work environment
    Repetitious work
    Decent turnover rate

    Advice to Management

    Find ways to keep employees satisfied


  6. "Senior Tax Associate"

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

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

    Pros

    Couldn’t find any. Because you will get better at all aspect after you move to good company. Even through Some mangers are very good.

    Cons

    Low pay, a typical financial service company culture, people have to work for the firm for very long time to get promoted. Some of the senior people there concern their job security. Transfer job to India, everyone think of leaving. But the situation is they found themselves having no where to go after staying at State Street for so many years. They automate most of the procedures, so high turnover of employee really does not matter. I have to say they really run the company efficiently. But just not good for their employee. Most impressive thing I have there is: Longer year you work there, more miserable your life will be.


  7. "Over promise and overwork"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Financial Reporting in Boston, MA
    Former Employee - Vice President Financial Reporting in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The proximity to South Station is great and makes it easy for commuters.
    SSB is one of the industry Respected administrator/ custodian as an admisttator

    Cons

    Staff is required to work extremely long hours.
    There is not a lot of people that have true end to end knowledge.

    Advice to Management

    Need to hire good experienced people and not over promise to clients.

  8. "Good place to start but confusing and strenuous environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - GTP Screener in Hadley, MA
    Former Employee - GTP Screener in Hadley, MA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    - Good pay.
    - Excellent way to get your foot in the door in the industry.

    Cons

    - No one could explain to me how my role fit into the organization.
    - High stress environment.

    Advice to Management

    Learn more about how your employees fit into the company and explain to them their role better.


  9. "Associate II"

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

    Pros

    You can work from home 2 times a week

    Cons

    Depending on the group/area of the business, work can be repetitive


  10. Helpful (1)

    "Another poor State Street review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate II in Quincy, MA
    Current Employee - Associate II in Quincy, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    The benefits can be good starting out and for people new to the workforce, it's a great stepping stone. It's just not more than that.

    Cons

    Workers, especially at lower level, are expendable. Higher corporate is always looking to downsize to fatten their own pockets. The company encourages backstabbing, manipulating the system, and doing whatever it takes to rise up. In my own team we bend over backwards to meet our goals, and because we haven't had any major disaster, we now have less people on our team because 'we can handle it'.

    Advice to Management

    Recognize your employees' merit. I was lucky my manager and supervisor did a lot to make sure we were at least appreciated on a small level. This company is hemorrhaging what little morale and loyalty it has left, and this strategy is penny smart dollar stupid. I was once addressed by my employee ID number like a prisoner instead of by my name. That alone should speak volumes about how people are treated within the company.


Showing 3,109 of 3,434 reviews
Reset Filters