State Street Reviews | Glassdoor

State Street Reviews

Updated May 24, 2017
2,802 reviews

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Full-time Part-time

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

2,802 Employee Reviews

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Pros
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More Pros and Cons

  1. "Great entry level job"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accounting Manager in Alameda, CA
    Current Employee - Fund Accounting Manager in Alameda, CA
    Recommends
    Approves of CEO

    Pros

    Very well compensated for the job

    Cons

    Not much vacation time allotted

    Advice to Management

    Vacation


  2. "The more you give the more you get!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager (Officer Level) in Boston, MA
    Current Employee - Manager (Officer Level) in Boston, MA
    Recommends
    Approves of CEO

    Pros

    The more you give the more you get! Work hard, request additional responsibilities and ask questions and you can move ahead quick! There are plenty of managers who are willing to help and need qualified staff. There are so many different departments that if you are motivated you could find your ideal job. Will it be handed to you - No but you can work for it. The are numerous flex time opportunities where employees are able to work from home, work flex time or alternative/flexible schedules.

    Cons

    Sometimes the entry level positions are not glamorous so new staff move on instead of sticking it out and learning the ins and outs. Instead they sit at their desk, do what they are told and nothing extra. Time and money is spent training these people then they move on.

    Advice to Management

    Keep looking for ways to offer flexibility for those who earn it and find creative ways to keep loyal and dedicated staff.


  3. "If you have the chance go for it, I am pretty sure is a good platform to start your career."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Operations Analyst in Boston, MA
    Current Employee - Investment Operations Analyst in Boston, MA
    Recommends
    Approves of CEO

    Pros

    Vice president focus on real leadership creating an open communication environment, focus on people needs and trainning. Job environment is great and colleges are always able to help.

    Cons

    Some of the processes are not really computerized and a manual process is required. As any other work, once you master the operations it becomes tedious, but you have to manage to learn things from other areas.

    Advice to Management

    Please continue with your leadership model, I am pretty sure it will pay off in the near future. I think management can increase performance by communicating goals to all the team and implementing some tools to track performance like six sigma.


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  5. "State Street is a great place to work."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Administrator-Intern in Kansas City, MO
    Current Employee - Portfolio Administrator-Intern in Kansas City, MO
    Recommends
    No opinion of CEO

    Pros

    It is a well respected financial institution. There are great opportunities for advancement if you are willing to be a dedicated hard working employee. Along with that, management is respectful of the employees and are very forth coming when you have done a great job and also give helpful feedback when completing evaluations. I have had a completely positive experience during my internship at State Street and feel that the internship opportunity really gave me a lot of hands on experience that I may have not learned at other companies during an internship. Anyone would be very lucky to have a chance to intern or work for State Street.

    Cons

    Lower end of salary compensation.

    Advice to Management

    None.


  6. "In charge of fund and deal with hedge fund as client"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accountant in New York, NY
    Current Employee - Fund Accountant in New York, NY
    Recommends
    Approves of CEO

    Pros

    I believe that state street is a very good company to work for. They have Very good benefits, grow opportunity, open minded.

    Cons

    There are no downsides for working at State Street, most of the employees are happy with what they work for.

    Advice to Management

    The advice or feed back to the managment at State Street is they are doing a very g ood job and keep it up


  7. "A great company to work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA
    Recommends
    Approves of CEO

    Pros

    Lots of classes and professional development opportunities, A great company name to have on a resume, lots of room for movement within company

    Cons

    Extremely competitive, you must have connections to receive an intern position, not the best starting pay as an entry level employee

    Advice to Management

    The management at State Street is very knowledgeable and approachable. They are very loyal to their company and appreciate what State Street has to offer them.


  8. "Very satisfied - 1 year since hire"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Officer in Boston, MA
    Current Employee - Officer in Boston, MA
    Recommends
    Approves of CEO

    Pros

    I have nothing but praise for the majority of people that I work with.

    Pay is fair for my role and slightly above the industry standard. Feedback is extrodinary.

    Benefits are above par.

    Cons

    Some people, particularly those in operations are resistant to change. At times it can be difficult to remove problem employees.

    Advice to Management

    Some people, particularly those in operations are resistant to change. At times it can be difficult to remove problem employees.


  9. "Good company, supportive work environment,"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Systems Analyst in Quincy, MA
    Former Employee - Systems Analyst in Quincy, MA
    Recommends
    Approves of CEO

    Pros

    Friendly, supportive, team environment. People are willing to do what it takes to get the job done. Managers were supportive of a healthy work/life balance. Overall, great experience.

    Cons

    Large but stable company- you need to look for opportunities if you are on a fast track to move up.

    Advice to Management

    Offer opportunties for lower/mid level employees to contribute to improvement of processes and efficiency to help the bottom line.


  10. Helpful (2)

    "Overall good company to work for."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in Boston, MA
    Current Employee - Account Manager in Boston, MA
    Recommends
    Approves of CEO

    Pros

    They have an outstanding benefit package, strong upper and mid-level management, and you are valued as an employee. Communication lines are open between all levels of management an employees and even in difficult periods for the company, management does what it can for its employees. They are always tops in terms of technology giving employees the best tools in the industry with which to work. Promotions come primarily from within.

    Cons

    Compensation at State Street is low compared to competitors which leads to high turnover levels among lower level employees. The lack of continuity can become difficult for first line managers in maintaining operational standards.

    Advice to Management

    A modest annual or biannual standard of living increase for lower level employees (below AVP level) would go a long way toward employee job satisfaction and higher retention levels. State Street has for years spent time and money training employees for competitors


  11. "Ok."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA
    Recommends
    Approves of CEO

    Pros

    Good management
    Fun people to work with
    Provides good opportunities and decent growth potential
    Very good benefits
    Learn a lot of the industry

    Cons

    Some times have to work long hours
    Although OT eligible, management does not pay it as they think all work should be able to get done as soon as possible


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