State Street Reviews | Glassdoor

State Street Reviews

Updated May 29, 2017
2,807 reviews

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Full-time Part-time

3.0
Star Star Star Star Star
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
923 Ratings

2,807 Employee Reviews

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Pros
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More Pros and Cons

  1. "My Time At State Street"

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

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

    Pros

    I found State Street to have great benefits and friendly co-workers.

    Cons

    My group was considered "essential personnel" which mean't we had to work holidays. Due to the number of staff, I found myself working 6/7 or 8 holidays of the year. Another con was the poor training given to new staff.

    Advice to Management

    Dedicate more time to 1 on 1 training and try less micro-managing.


  2. "Manager"

    Star Star Star Star Star
    Current Employee - Manager in Kansas City, MO
    Current Employee - Manager in Kansas City, MO

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

    Pros

    good company to work at and to get trained after school

    Cons

    salary not that great


  3. "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.


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  5. "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.


  6. "Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Plainsboro, NJ
    Current Employee - Director in Plainsboro, NJ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good company to work for with excellent benefits . Management is in tune with what is happening in all areas

    Cons

    Offshoring is reducing the headcount in US. Salaries are less then the competitors . Competitors have better IT solutions and more competitive fees.


  7. "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.


  8. "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!!


  9. 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.


  10. "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


  11. "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


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