State Street Reviews | Glassdoor

State Street Reviews

Updated Jan 16, 2020

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3.1
46%
Recommend to a Friend
55%
Approve of CEO
State Street President and CEO Ronald O’Hanley
Ronald O’Hanley
244 Ratings
  1. "Fund Administration"

    StarStarStarStarStar
    Current Employee - Senior Associate 

    I have been working at State Street full-time for more than 3 years

    Pros

    Good benefits such as tuition reimbursement

    Cons

    Teams have gotten smaller

    State Street2020-01-01
  2. "good company to start your career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Associate 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at State Street full-time

    Pros

    location near train station and free parking( garage)

    Cons

    bad management too much work

    State Street2019-12-31
  3. "risk"

    StarStarStarStarStar
    Current Employee - Vice President 

    I have been working at State Street full-time

    Pros

    good benefits and flexibility/ work life flexibility

    Cons

    not enough accountability at all levels, lots of transformation projects

    State Street2019-12-28
  4. "Trade Processor For Swift messages"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Trade Operations Specialist in Boston, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at State Street full-time for more than a year

    Pros

    Global company, friendly staff

    Cons

    Lower pay than expected

    Advice to Management

    its tough to work for a custodly bank see how much money is getting handles and not make anything

    State Street2019-12-26
  5. "Corruption in HR and Management. Political and Hostile."

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

    I have been working at State Street full-time for more than 5 years

    Pros

    Vacation time is pretty generous. I also like New York.

    Cons

    Corruption within management and HR. The quality of the people is low.

    Advice to Management

    Conduct yourselves with moral character. Do not spread falsities.

    State Street2019-12-11
  6. "Decent place to work at"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President - Technology in Boston, MA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at State Street full-time for more than 3 years

    Pros

    Flexible working environment Loads of opportunities for self improvement

    Cons

    Poor work life balance Not the greatest relationship between business and technology

    Advice to Management

    Invest more in technology

    State Street2019-12-07
  7. "Not a bad place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Associate in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at State Street full-time for more than a year

    Pros

    Great people to work with

    Cons

    Management of program can be improved

    State Street2019-12-22
  8. "Good company, tough times"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Officer in Boston, MA
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time for more than 10 years

    Pros

    Great benefits, solid salary, opportunity to move around within the company

    Cons

    current outsourcing strategy is creating a situation where the knowledge base of the company is being laid off replaced with overseas staff. The staffing shortage on the US side means more work as lay-offs are happening before the alternate sites are fully trained and capable.

    Advice to Management

    Focus on supporting and regaining the best of your employees.

    State Street2019-12-06
  9. "Good place to start a career, thats about it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Associate in Boston, MA
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at State Street full-time for more than a year

    Pros

    If you are entry level its fun to work with a ton of similair aged people Definitely promotional opportunities Looks good on a resume when you eventually leave

    Cons

    Stereotypical boring cubical life and corporate culture, you are just a number here Seems like they are constantly laying off employees Pay is horrible

    State Street2019-12-17
  10. "IT - AVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    No opinion of CEO

    I have been working at State Street full-time

    Pros

    If you’re the type that like to coast by and do low value work; you came to the right place. You can even be in a Vice President role if you can survive the annual layoffs. I know one person that only had a high school diploma and lack any intelligence, but she made it happen after working 18+ years. The opportunities are there if you’re a yes-man or yes-woman and can master the office politics.

    Cons

    If you’re the proactive type that looking to do high value work; you will be extremely disappointed. This is not the place to use logic reasoning. Don’t even expect the person above you to take your input or concerns. Their job is to remind you that they have more power than you. They care more about their egos than having the team work effectively.

    Advice to Management

    There should be a ‘suggestion box’ platform where employees can provide feedback about their team. Then get HR and an outside consultancy firm to analyze the feedback and come up with resolutions. State Street recruiters should look into screening candidates by testing their personality traits and temperament. The company would be in better position if people leave their egos outside.

    State Street2020-01-06
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