State Street Reviews | Glassdoor

State Street Reviews

Updated August 17, 2017
2,914 reviews

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3.1
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
962 Ratings

2,914 Employee Reviews

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Pros
Cons
  • lot of politics no work life balance (in 97 reviews)

  • Long hours pressure during end of month (in 148 reviews)

More Pros and Cons

  1. "Great Opportunities for Growth"

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

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

    Pros

    Mobility options, talented people willing to help more junior people learn, good culture.

    Cons

    Seemingly prefer external hires over internal promotions, bureaucratic environment of "red tape" slows decisions.

    Advice to Management

    Keep focusing on culture change and mobility aspects.


  2. "General Overview"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA

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

    Pros

    Great internal mobility opportunities are offered if inquired.

    Cons

    Employee Resources are scarce, which can make for overload in work.

    Advice to Management

    Keep employees engaged

  3. "Big company"

    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

    The job is stable and environment is good.

    Cons

    everyday do the same things


  4. "Great starter job"

    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 work exoerience starting in my career. Learned alot and is continuing to grow.

    Cons

    I should be making more than what I am getting. Takes a while to move up in the company. However benefits are really good.


  5. "Intern"

    StarStarStarStarStar
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I worked at State Street part-time

    Pros

    Great experience, you get to sit in on meeting with some of the big names out there such as Walt Disney, UPS, Delta and more. If you have enough of a good supervisor, they will take you on different meetings so you get a feel of things. It's not just a typical internship where you sit and do nothing. There's quite a lot to get out of it.

    Cons

    Because I worked in the Marketing department and a lot had to do with closing deals. My boss would often be out of town on meetings so i'd be in the office alone sometimes but she would always make sure there's enough work.


  6. "It's ok for a starter position"

    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
    Approves of CEO

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

    Pros

    Work from home, benefits, location, networking, get a good grounding, will pay 10,000 for school a year. Good work set up, dual screens for work.

    Cons

    Slow promoting, can be a bit monotonous in the work that you do. It can be a bit hard to transfer between department since they have silos.

    Advice to Management

    Provide incentives


  7. "It depends which department you're in"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    It depends on the department you work in, I really enjoy the people that I work with, they are very flexible and have given me many opportunities over the years. Pretty good vacation time (4 weeks for Officers and above).

    Cons

    Too much office politics! Days can be very long during the busy periods.

    Advice to Management

    Try to understand the responsibilities of your employees and the value that they add before offshoring jobs to Poland and India. Client satisfaction will plumet and you will lose more in the long run than you will gain. Morale is very low as a result, but upper management doesn't really care about their employees, they are just looking for bigger bonuses at the end of the year.

    I also want to note that career opportunities and culture/vales are based on my department, not the company as a whole, because if it were for upper management only, they would all be one stars.

  8. "Potential, but no action"

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

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

    Pros

    9-5 encouraged, reimbursement for education

    Cons

    Lack of "go getter" attitudes, compensation, bureaucracy

    Advice to Management

    Fire under-performers. I have dealt with some of the most incompetent individuals at this company. State Street was good to me, but I left because it does not provide a way out of mediocrity. The worst part is State Street could be the next JPMorgan. The potential and, more importantly, the data is there, but the overall organization moves too slow.


  9. "Financial Analyst - Senior Associate"

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

    I worked at State Street full-time

    Pros

    Great organization to move around internally and experience career opportunities in different fields / departments, good benefits and friendly people.

    Cons

    Upward mobility is very difficult in certain departments, large bureaucracy at times and pay could be better.

    Advice to Management

    Management really needs to find ways to better retain its employees.


  10. "Cash Processing Intern"

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

    Pros

    Great entry positions to gain corporate experience.
    Professional setting.

    Cons

    Lack of supportive system/ trainings for new hired


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