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State Street Reviews

Updated September 21, 2017
392 reviews

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

392 Employee Reviews

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Pros
Cons
  • lot of politics no work life balance (in 101 reviews)

  • Long hours pressure during end of month (in 150 reviews)

More Pros and Cons

  1. "Client Service Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Officer in Sydney (Australia)
    Former Employee - Client Service Officer in Sydney (Australia)
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at State Street full-time (More than 10 years)

    Pros

    Good for a couple of years for inexperienced professionals. Potential to transfer to offices overseas. Lots of learning opportunities. All

    Cons

    Long hours, low pay, very stressful,only a select few get rewarded and recognized , very political, very hard to get things done as departments don't work effectively with each other, the good employees usually leave , senior ops mgmt.tend to get it wrong more often than not.

    Advice to Management

    Reexamine your employer evaluation system as too many employees are focused on "getting their name out there" that the daily BAU gets neglected and overall client service deteriorates.


  2. "Very worst, they are under estimating freshers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Associate in Bengaluru (India)
    Current Contractor - Associate in Bengaluru (India)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street as a contractor (Less than a year)

    Pros

    Nothing important in this company, they playing with the freshers
    They very lazy about freshes

    Cons

    Underestimating is high here for freshers
    So dont go anyone to this company for the interview

  3. "Officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Officer in Kansas City, MO
    Former Employee - Officer in Kansas City, MO
    Doesn't Recommend
    Neutral Outlook

    I worked at State Street full-time (More than 10 years)

    Pros

    Large company with room to move around. Vacation package

    Cons

    Poor management, Main concern is cutting cost, Poor Pay, Outsourcing, You are a number not a person.

    Advice to Management

    Train incoming staff make them see there is a future with the company


  4. Helpful (2)

    "Bad company"

    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
    Disapproves of CEO

    I have been working at State Street full-time

    Pros

    stepping stone to other jobs

    Cons

    no career growth, low pay, long hours


  5. Helpful (3)

    "Watch your back"

    StarStarStarStarStar
    • Culture & Values
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at State Street full-time

    Pros

    State Street is a financially stable company

    Cons

    State Street has a toxic work environment


  6. "Business Analyst"

    StarStarStarStarStar
    Current Contractor - Anonymous Contractor
    Current Contractor - Anonymous Contractor

    I have been working at State Street as a contractor

    Pros

    Enterprise wide exposure is a good thing

    Cons

    Too much work for the pay


  7. Helpful (3)

    "Sr Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Bengaluru (India)
    Current Employee - Senior Associate in Bengaluru (India)
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Zero pro's found till date

    Cons

    HR resorts to all sorts of lies while hiring (false package, false shift timings, false profile, false job title, false growth opportunities, false onshore opportunities, false shift allowance, false benefit plan - just a few listed)
    HR has absolutely no responsibility of what they claim.. they can even say that you are hired for CEO post and decline later
    A portion of HR activities have been outsourced to some 3rd party who have no clue on what are the HR policies of the company
    Zero culture, zero employee engagement, zero encouragement, zero involvement
    No career discussions, just add more work (implied as career growth)
    Poor management of conflicts (Management has no interest in resolving conflicts.. they are only concerned about workload being completed or not)
    Pathetic infrastructure.. Low quality food in vending machines and smelly unclean restrooms
    Zero opportunity for onshore jobs
    Closed door policy, employees treated as slaves
    No Overtime allowance
    Management also does not approve Comp off's even when you have worked on a holiday
    When you are sick, management tries to threaten you about year end performance and how it will be affected
    Only those people who have skills to butter the management can grow, if you are extremely good at work and fail to apply butter, you stand no chance for growth

    Advice to Management

    No advise, entire Bangalore management needs to be reshuffled.. like what is happening with Indian National Congress

  8. "Experience with SSC"

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

    I worked at State Street as an intern

    Pros

    I have had a great manager at SSC that helped me grow professionally.

    Cons

    Cannot think of any Cons

    State Street Response

    Sep 21, 2017 – State Street

    Thank you for posting your review. Career advancement and professional development are key focus areas at State Street and I’m happy to hear your manager contributed to your growth during your... More


  9. Helpful (4)

    "Avoid"

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

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

    Pros

    A stepping stone for the interns/juniors looking to learn the basics and perhaps those who have no family so could spend 70 hours on pointless projects to look busy and make their clueless boss look good.

    Cons

    A lot! Agree with another reviewer about the "all white boy club" culture. Not diverse at all despite all diversity bluffing. The middle level management is usually unqualified and clueless. All what matters to senior management is being part of their gang. No matter your qualification, you will be marginalized if not in the gang. Management treats employees like their subjects. Usually Lots of politics and depending on who your boss is, work environment could be hostile and ineffective with lots of favoritism. Overall, inefficient in almost every process. The HR only tries to protect the company and doesn't care much when employees raise issues.

    Advice to Management

    Fix the mess


  10. Helpful (1)

    "Future Focus: Fund Accountant"

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

    I have been working at State Street full-time

    Pros

    Not many, try and network, then get out

    Cons

    Hours are extremely inconvenient
    Pay is very low
    Job not intellectually rewarding
    no career training, just a fancy title, all training is strictly for this role

    Advice to Management

    Don't bother, look for other opportunities


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