State Street Reviews | Glassdoor

State Street Reviews

Updated April 26, 2017
2,759 reviews

Filter

Filter

Full-time Part-time

2,759 Employee Reviews

Sort: Popular Rating Date

Pros
Cons
More Pros and Cons

  1. Helpful (1)

    "Avoid"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Officer in New York, NY
    Former Employee - Officer in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    some fun, smart, down to earth people

    Cons

    incompetence at every level of the firm from senior management to help desk hotline. example: it took me 2 weeks after starting my job to be able to log into my computer.

    disintersted middle managers practically BEG senior management to lay them off so that they can get their deferred compensation packages (cash bonuses and stock). But senior management hesitates to get rid of these deadweights due to the upfront cost so there's a vicious feedback loop of hanging on to unmotivated underperformers who are further incentivized to perform poorly

    Advice to Management

    take some time to understand who is adding value and who is kissing up


  2. "Atlanta Real Estate Office"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Officer in Atlanta, GA
    Current Employee - Officer in Atlanta, GA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    People, flex is encouraged by the management, benefits, staff gets paid overtime, start with 3 weeks of vacation, supportive environment.

    Cons

    Compensation: Very small or no raises (some raise with promotion); bonuses are not high either. So, start high! Xx xx


  3. "Future Focus Program - KC"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Future Focus Analyst II in Kansas City, MO
    Current Employee - Future Focus Analyst II in Kansas City, MO
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great job, Awesome on a resume

    Cons

    Peers and mentors are great, Immediate management/hiring team are careless, hubris, and take actions to benefit themselves rather than help you succeed.

    Advice to Management

    a boss uses their employee growth for themselves, a mentor/leader benefits from their employee growth.

    State Street Response

    Mar 29, 2017 – State Street

    Thank you for your response. I agree with you; great managers should support their teams to grow and the company will benefit from their success. If you have any concerns, you should consider ... More


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "bureaucratic and move slow"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Boston, MA
    Current Employee - Analyst in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    political correct. many activities to improve employee engagement

    Cons

    too many organization changes in last year


  6. "Has potential to be better. Needs the right people making decisions, sadly that's not how it is currently."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Sacramento, CA
    Current Employee - Assistant Vice President in Sacramento, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    You will learn to operate as a big business should, risk mitigation, "act like an owner", process improvement, etc. Lots of smart people that will blow you away with their knowledge.

    Cons

    Obscene expectations to be successful. Crazy hours and responsibilities. Lots of blame shifting when there are problems. Not many truly exercise the "one State Street" mentality. Custody business is dynamic and State Street's technology, although ahead of competitors, is behind client demand. Constant issues with technologies produce strain with clients, that is only burdened by the client facing teams.

    Advice to Management

    Be true leaders rather than delegating all areas of work and leaving people out. Lack of communication on certain things make it a tough environment to stay ahead and trust managers. Pay people what they deserve, don't use the idea that because it's Sacramento it's ok to pay people less than the market.


  7. "fund accountant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Accountant in Boston, MA
    Former Employee - Fund Accountant in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at State Street (More than a year)

    Pros

    there are no pros the job was terrible

    Cons

    worst job I have ever had. Its a toxic work envoirment all around. Compenstation is terrible.


  8. "Decent experience builder"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Boston, MA
    Former Employee - Analyst in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    good benefits and vacation. I built up some good experience in my 8 years there but I'm glad I left

    Cons

    Salaries are less than desirable. Company was hesitant to pay its best performers even in a good year for the organization. Revolving door of people give it a "chop shop" feel.

    Advice to Management

    Pay your top performers better!


  9. Helpful (1)

    "Assistant vice president"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President - Operations in Kansas City, MO
    Current Employee - Assistant Vice President - Operations in Kansas City, MO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at State Street full-time (More than 10 years)

    Pros

    Flexibility in schedule. Work from home. Good atmosphere and mobility.

    Cons

    Some support groups can be difficult to work with. Not enough women in senior level positions.


  10. "Finance Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Finance Consultant in Boston, MA
    Former Employee - Finance Consultant in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at State Street (More than a year)

    Pros

    Very smart people and nice Boston office. Quarterly drinks out with coworkers paid for by department.

    Cons

    Competitive peers due to frequent layoffs. Expectation is to work all the time. Stressful environment that can affect personal life.


  11. "Flexible"

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

    I have been working at State Street full-time

    Pros

    Flexible, flexible, room to learn

    Cons

    Compensation too low, and manger are not leaders

    Advice to Management

    Be a leader not a follower.


Showing 2,759 of 3,009 reviews
Reset Filters