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State Street Reviews

Updated February 23, 2018
3,219 reviews

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3.1
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
1,071 Ratings

3,219 Employee Reviews

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Pros
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More Pros and Cons

  1. Featured Review

    Helpful (9)

    "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. "Administrative Assistant (Grade 13)"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    The benefits are very good and I think that some of the executive leadership is excellent. The name and brand are well respected locally and nationally, something that is helpful when seeking employment elsewhere.

    Cons

    There is virtually no career advancement if you have a boss who doesn't support your development. I was fortunate in that this was not my experience although I know others who felt trapped and needed to leave the organization in order to advance. Of course, this can be true at many large organizations.

    Advice to Management

    Work hard to encourage eradication of the "State Street Bank" mentality, one that is small minded and stuck in the past.

  3. "Associate I"

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

    I have been working at State Street full-time

    Pros

    Good benefits and compensations, all right work, respectful work environment

    Cons

    Expect to be pigeon holed to a less than average salary

    Advice to Management

    Listen


  4. "Audit and Oversight"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate II in Sacramento, CA
    Current Employee - Associate II in Sacramento, CA

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

    Pros

    Great company to work for. Good amount of PTO. Many positions allow great work life balance. Young energetic environment.

    Cons

    Since most positions are correlated with the stock market and many tasks are conducted after the close of the market many positions start and end late in the day.

    Advice to Management

    Rotate job task more often. Many positions can become very repetitive.


  5. "Okay"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Pricing Specialist in Kansas City, MO
    Current Employee - Pricing Specialist in Kansas City, MO
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Looks great on a resume. Pay is okay. Really chill working environment.

    Cons

    Can get tedious and boring

    Advice to Management

    Please increase employee interaction


  6. "Great people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Accounting/Pricing Specialist in Kansas City, MO
    Current Employee - Accounting/Pricing Specialist in Kansas City, MO
    Neutral Outlook
    No opinion of CEO

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

    Pros

    I got lots of great experience, had opportunities to improve processes, management listened to feedback and ideas, and I worked with some really amazing people.

    Cons

    If I'd been paid more I would have stayed.


  7. "2017 Corporate Finance Internship"

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

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

    Pros

    Good steppingstone into the finance world.

    Cons

    High turnover, low morale, alot of busy work that can be automated.

  8. "Analyst"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at State Street full-time

    Pros

    Mentorship staff network commute position

    Cons

    Compensation was standard with subtle movement


  9. "Client Operations"

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

    I have been working at State Street full-time

    Pros

    Meet some really nice people. Work from home option for some departments. Benefits are good.

    Cons

    office politics; majority of managers/execs have been working at this company for years so they are resistant to change. Micromanagement. Low employee morale.

    Advice to Management

    Offer more trainings; be open to try new ideas. Top leaders need to be more understanding and show appreciation of their employees.


  10. "Company has changed drastically in a negative way and completely lost its overall dynamic to attract talent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice-President Alternative Investor Relations in New York, NY
    Current Employee - Assistant Vice-President Alternative Investor Relations in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great people that enhance the daily work experience. Vacation time is 4 weeks and flex schedules and work from home arrangement are available

    Cons

    Zero incentive to advance and no employee engagement. Minimal bonuses and annual raises are absolutely nothing. No transparency from senior management.

    Advice to Management

    Start taking care of the people that make you successful. Increase transparency.


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