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State Street Reviews

Updated January 21, 2018
1,276 reviews

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3.0
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State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
310 Ratings

1,276 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Decent Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Functional Specialist in Quincy, MA
    Former Employee - Functional Specialist in Quincy, MA
    Recommends
    Positive Outlook

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

    Pros

    I loved the people I worked with. I had a great team that would support me with any work-related problems or questions. I did not feel overworked. Good place to start out of college.

    Cons

    I did not get a promotion because they hired someone else with "more experience." I had to train someone who was getting paid more than me. Additionally, layoffs happened frequently.


  2. "A2"

    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

    I have been working at State Street full-time

    Pros

    Provide a lot of training and help for new employee. Benefit is good.

    Cons

    High staff mobility. The average pay is less than similar position in other companies

  3. Helpful (3)

    "Ok for the Complacent Types"

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

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

    Pros

    Lots of time off, in office/ remote work opportunities, full benefits package, on-site wellness center/gym, modern office spaces.

    Cons

    Management is extremely inconsistent, many processes are inefficient and outdated, pay is well below average, growth opportunity limited.


  4. "internship temp opps jobs in quincy"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    good hours and starting point

    Cons

    temp job low pay entry level

    Advice to Management

    nothing to provide on that front


  5. "state street"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    lots of different learning opportunities

    Cons

    very little chance to network with higher employees


  6. "Middle Office"

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

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

    Pros

    Strong emphasis on training and self-study
    High mobility within the firm
    Corporate citizenship encouraged across the company

    Cons

    Tendency for knowledge and roles to get put into silos
    Lack of broader business understanding among support groups
    Who you know is more important than what you know
    Fairly low pay relative to rest of industry

    Advice to Management

    Listen more to your rank and file, continue to stress self-study and learning, encourage your employees to be proactive, and work harder to retain the talent.


  7. Helpful (2)

    "Good Opportunities - Bad Balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Officer in Sacramento, CA
    Former Employee - Officer in Sacramento, CA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    There are fantastic opportunities at State Street. The training program is extensive, the company is huge and encourages movement, and there is a strong focus on networking. If you are willing to work for it and have the right skills, you can move up quickly.

    Cons

    The company culture is that of workaholics. This comes all the way from senior management down to associate level employees. There is no work-life balance at all, and this isn't going to change. The pay is also below market, which State Street has recognized but doesn't plan to adjust. If you're aware of these issues it can be a great place to work, but most will not stay long term.

    Advice to Management

    None, the lack of balance is simply the culture of State Street and management is well aware that there will continue to be high turnover.

  8. "Good first job"

    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

    Depending on your client you get exposure to a wide array of investment products. They will comp your CFA. Ability to work from home

    Cons

    They are trying hard to outsource as much work as possible. Employees definitely don't feel cared for.


  9. "Associate II"

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

    I worked at State Street full-time

    Pros

    Relatively easy work, laid back environment, Time off is great.

    Cons

    Salary is not competitive, obvious favoritism.

    Advice to Management

    Focus more on employee satisfaction and feedback.


  10. "Middle Office"

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

    I worked at State Street full-time

    Pros

    Great place to start off and learn

    Cons

    Management needs to be improved


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