State Street Reviews | Glassdoor

State Street Reviews

Updated December 11, 2017
3,106 reviews

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3,106 Employee Reviews

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  1. "It is what it is"

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

    Pros

    good reputation

    good benefits

    boston locations are in easy spot to get to

    Cons

    salary is undermarket

    very large, bureaucratic in nature

    Advice to Management

    they know what kind of firm it is, turnover will always be high at the lower levels. people work there for a few years, leave and some come back years later to more advanced management roles


  2. "Client Operations Specialist Associate 2"

    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 (More than a year)

    Pros

    Great stepping stone to get some financial services experience. Easy to move up/get promotions. Very easy to learn as much or as little as you please you just have to be motivated. Overall its a good company to work for, but like any other company it could always use improvement. Work from home and vacation time are great benefits to have!

    Cons

    Salary and health care benefits could be better.

  3. "Client Service Specialist Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at State Street full-time

    Pros

    Big company, good benefits. Lots of room to grow and learn more, depending on your team you are expected to do a lot which promotes a productive work environment.

    Cons

    Low salary, a lot of outsourcing to India so there are layoffs and reorganizations quite frequently. Very low raises and bonuses, promotions come very infrequently.

    Advice to Management

    Focus on the youth in the company. A lot of the older people seem to just want to stay in their current role their whole life, and the younger employees use it as a diving board to a better job. Promote and pay attention to good young employees or they will leave.


  4. "Generally positive, great place to learn."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Junior Portfolio Manager in Boston, MA
    Current Employee - Junior Portfolio Manager in Boston, MA
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Great opportunities to learn, tons of career development, and good mentors with time to give. Very entrepreneurial environment - if you have an idea, you can bring it forth for discussion.

    Cons

    If you cannot figure out how to get through the layers of politics in order to add value, you will not feel very fulfilled at state street.

    Advice to Management

    Invest meaningfully in technology. No half baked internal attempts to design state of the art systems. Either hire the best and brightest coders, pay them Silicon Valley salaries or you will be forced to settle for terrible platforms and systems linked together with no thought.


  5. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Quincy, MA
    Current Employee - Vice President in Quincy, MA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    commute
    benefits
    educational
    industry reputation
    work from home flexibility

    Cons

    pay
    staff turnover
    frequent business model change transformation
    lots of overtime
    lacking good leadership

    Advice to Management

    stabilize model and focus on specific mission and be consistent
    stop offshoring jobs


  6. "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Quincy, MA
    Current Employee - Anonymous Employee in Quincy, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Worked as SQA, very supportive Manager and great opportunities to learn new things every day.

    Cons

    There is little bit of Politics that goes around behind the back.

    Advice to Management

    None


  7. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Boston, MA
    Former Employee - Vice President in Boston, MA
    Recommends
    Approves of CEO

    I worked at State Street (More than 5 years)

    Pros

    401k match after one year of service, health insurance is expensive, bonus ca. 20%

    Cons

    many lay offs and new hiring at the same time; always be on the lookout for another position at another company.

    Advice to Management

    Decision making process is slow and everyone wants to cover their backs.

  8. "Mandatory Prison Sentence for Boston Finance Professionals"

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

    I worked at State Street full-time

    Pros

    If you have a pulse, they can find something for you do, at least for a while.

    Cons

    A model of everything that is wrong with America's dominant paradigm.

    Advice to Management

    The only constant is change, even feudalism had to end sometime.


  9. "Dangerous Paths Ahead"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Officer
    Current Employee - Officer
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street full-time (More than 8 years)

    Pros

    People are great to work with

    Cons

    -Compensation will not change for you unless you aggressively seek out promotion
    -Benefits have been steadily getting worse in the past 5 years
    -Opportunities to grow hit a ceiling very quickly

    Advice to Management

    There is strategy movement happening however it might be too late to retain and attract the staff needed to continue to build the company. Automation can help reduce costs but not if the staff on hand don't understand how the machine works.


  10. Helpful (2)

    "Vice-presidente"

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

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

    Pros

    Funding for most projects was generous

    Cons

    Poorly managed, duplication of efforts and re-do. Top management get away with murther

    Advice to Management

    Introduce 360 degree reviews, employees does not have a voice and do better when concerns are suppressed


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