State Street Reviews | Glassdoor

State Street Reviews

Updated August 12, 2017
665 reviews

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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
203 Ratings

665 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. "Officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend

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

    Pros

    not bad location and office

    Cons

    no structure, managers don't know how to manage people


  2. "trade processor"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    Can listen to music while working

    Cons

    The Management, pay, and benefits

    Advice to Management

    Change how management interacts with employees

  3. "Work from home good, cronyism bad."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Administration in Kansas City, MO
    Former Employee - Fund Administration in Kansas City, MO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time (More than 8 years)

    Pros

    Several groups are supportive of a,flex work schedule, where you are able to work from home after a few months. The benefits are in line with similar companies.

    Cons

    The Kansas City office supports an atmosphere of cronyism, where higher ups bring in their friends for promotions rather than more qualified candidates. I've seen this many times now, and it is discouraging to many, especially when the ones qualified for the position go elsewhere. Lose-Lose! Not everyone is like this thankfully, but it is prevalent, especially in the mutual fund administration department.

    Advice to Management

    I thought the big push right now for the USA was to keep jobs in the USA, but with so many jobs going overseas, maybe that message wasn't received. As an aside, some of your best talent is leaving because of overzealous leaders and the previously mentioned cronyism. Swiss Re: and other companies have come through over the years and taken lots of local talent, because the only argument against leaving was that the grass wasn't always greener. Maybe it is...


  4. Helpful (1)

    "Not Great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Pricing Analyst in Quincy, MA
    Current Employee - Pricing Analyst 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

    Experience, Locations, Balance, Mobility, Fun

    Cons

    Salary, Mobility, Offshore, Mundane Tasks

    Advice to Management

    Not offshore


  5. Helpful (1)

    "Junior Fund Accountant- Poor Balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Junior Fund Accountant in Sacramento, CA
    Current Employee - Junior Fund Accountant in Sacramento, CA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Good resume builder, good name to have
    Nice break rooms
    Easy to stay here very long term and never leave

    Cons

    Culture is horrible- very lonely, everyone is quiet and eats lunch alone

    Too much of your experience here depends on what department you are in

    Managers do not understand that school is first priority for students working through college

    Compensation is not at all competitive with the area. State Street avoids this by trying to hire employees for extremely long term so they never leave and realize this.

    Advice to Management

    Freshen up the culture. It reeks of 225 years old. Vet managers more thoroughly and change it up.


  6. Helpful (1)

    "Not a good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Boston, MA
    Current Employee - Vice President in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Some flexibility to work from home as needed, nice co-workers for the most part

    Cons

    Lots of people leaving, low pay, benefits are not great, politics take precedence over everything else, no room for growth and advancement

    Advice to Management

    Make salaries competitive


  7. "Associate 2"

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

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

    Pros

    Good Benefits, Lots of resources

    Cons

    Pay is low, room for growth is limited

    Advice to Management

    Room for growth and movement should be easier.

    State Street Response

    Jul 13, 2017 – State Street

    We know that career advancement and development are essential to our employees’ success. That’s why we’ve recently updated our internal mobility policy to make it easier for employees to identify new... More

  8. "A worthy start"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Kansas City, MO
    Former Employee - Business Analyst in Kansas City, MO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    The people I worked with

    Cons

    The small salary and the amount of work

    Advice to Management

    Please consider your compensation schedule and the fact that employees have lives outside the office.


  9. "Operations Analyst Trainee in Hadley, MA"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Operations Analyst in Hadley, MA
    Former Intern - Operations Analyst in Hadley, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at State Street as an intern (More than a year)

    Pros

    Good Pay, Ergonomic Chairs, Location close to school, somewhat flexible with schedules

    Cons

    Worst Management I have ever come across, boring work, too much downtime, strict for seemingly no reason, awful training program

    Advice to Management

    Fix your outdated and ineffective managerial skills. Inspire your employees instead of always threatening them and trying to scare them. Stop the passive aggressive emails and condescending comments.


  10. Helpful (1)

    "One and Done"

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

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

    Pros

    work from home opportunities, work life balance, reasonable hours, manageable workload, large company so lots of opportunities to get involved outside of work

    Cons

    below market pay, very little opportunity for professional growth, too much focus on specialization, lack of interest in professional development of employees

    Advice to Management

    State Street needs more extroverted managers that have an interest in developing their employees. There are two types of people here; introverts that have become pigeonholed, and recent college grads that need to leave before it is too late. My advice to anyone starting here out of College is to come work here for a year, focus on understanding as much about the bigger picture as possible, then leverage that to find a better higher paying job where you can develop professionally.


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