State Street Reviews | Glassdoor

State Street Reviews

Updated May 24, 2017
2,802 reviews

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2,802 Employee Reviews

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  1. "Good place to build your resume"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations Analyst Trainee in Hadley, MA
    Current Employee - Operations Analyst Trainee in Hadley, MA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at State Street part-time (Less than a year)

    Pros

    flexible hours, easy work (once you get through the learning curve),

    Cons

    boring, monotonous, mundane, stressful at first

    Advice to Management

    Officers are doing the best they can given the circumstances. If upper management wants to see more success out of this office, they need to invest. Due to the wage and lack of challenge, a lot of kids dont take it seriously at all.


  2. Helpful (2)

    "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Ability to work remotely

    Cons

    Unstable work environment. Strategic direction of company unclear. New IT management providing no leadership or direction.


  3. Helpful (1)

    "AVP Hedge Fund Accountant"

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

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

    Pros

    Work life balance, good mid-level managers

    Cons

    Comp, No clear communication top to bottom


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  5. Helpful (1)

    "Fund Administration - Financial Reporting"

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

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

    Pros

    Hours aren't bad compared to other finance jobs. Some long nights but really pretty 9-5. Hires people out of college with no relevant skills.

    Cons

    Low compensation. Stressful at times. Advancement constrained by bureaucracy. Promotion dictated by what recs are avialible rather than skill. Low prestige.

    Advice to Management

    Tie compensation to skill and make promotion easier for high flyers

    State Street Response

    Apr 6, 2017 – State Street

    Thank you for your comments. We know that career advancement and development are essential to our employees’ success. That’s why we’ve recently updated our internal mobility policy to make it easier ... More


  6. Helpful (1)

    "Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Kansas City, MO
    Current Employee - Senior Associate in Kansas City, MO

    I have been working at State Street full-time (More than 5 years)

    Pros

    Work from home opportunities, flexible hours. Decent bonuses depending on your annual review.

    Cons

    Low starting salary, no or low raises

    Advice to Management

    Pay people what they are worth.


  7. "Decent place"

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

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

    Pros

    Training, location, sometimes these sections are silly by asking for 20 words. Here are a few more. And a few more...

    Cons

    Lies lies lies lies lies lies lies secrets lies boy's club, girl's club, lies, lies, almost to 20 words.... last ones

    Advice to Management

    Fix pay scale


  8. "Good Work-Life Balance"

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

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

    Pros

    Good work balance and benefits

    Cons

    Extremely low entry-level salary


  9. Helpful (1)

    "Middle of the road"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Global Program Manager in Boston, MA
    Former Employee - Global Program Manager in Boston, MA

    I worked at State Street full-time

    Pros

    Expectations are for you to excel in a large organization and there are some very good people to work with
    They used to have a reputation for being loyal and stable

    Cons

    The support for advancement starts with the advancement of your manager. So, your performance is the perception of your manager and if they have been there a long time, you should expect to pay your dues for a long time too...
    As political as it gets


  10. Helpful (2)

    "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.


  11. Helpful (3)

    "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


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