State Street Reviews | Glassdoor

State Street Reviews

Updated April 17, 2017
365 reviews

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  1. "Not great for the long run"

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

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

    Pros

    schedule is flexible but that's really about it.

    Cons

    depending which team you're place in, the work isn't that great. Sometimes they will error you for doing something wrong and won't let you explain why you did what (or they won't consider it "acceptable"). Communication isn't great, they act as if they're great with their communication, telling you to request for time off, if scheduling conflicts come up to let them know, but in turn, they won't let you know if they've approved it. The most they'll really answer to is adding on extra shifts. They'll always ask for extra shifts and they implemented a mandatory Saturday/Sunday shift in my team as well, which isn't great.
    Communication with teams at other sites are awful as well, sometimes they don't understand English that well and won't listen/understand what you're saying and just keep insisting what they have to say. It's awful
    They say they're all about the culture but I say...where?


  2. Helpful (1)

    "Unfair treatment."

    Star Star Star Star Star
    Former Employee - Graduate Student in Boston, MA
    Former Employee - Graduate Student in Boston, MA
    Doesn't Recommend
    Negative Outlook

    I worked at State Street (More than 3 years)

    Pros

    It was close to my house and there were opportunity to work extra hours.

    Cons

    A lot of responsibilities, lack of training and unfriendly co-workers.

    Advice to Management

    Provide more professional serious training prior to start working. More social events, and better treatment towards foreigners.


  3. Helpful (1)

    "Vice President"

    Star Star Star Star Star
    • 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 (More than a year)

    Pros

    State Street has been around for a long time.

    Cons

    - sweatshop working conditions; consultants have it better than fulltime employees.
    - the most incompetent people get promoted to management quickly and easily. They are juvenile and borderline abusive with ample yelling and screaming in meetings.
    - the management does not support, or even appreciate your efforts. There is no room for personal development, and your manager will throw you under the bus at the first opportunity to do so.
    - highly political environment, as there are very few people that can actually get the work done.
    - it is never convenient to take any vacation, and you cannot carry it over or cash it out.
    - when you get sick from being so overworked, they will drive you out of your job. There is a revolving door of people joining and leaving the company.

    Advice to Management

    Re-evaluate the people you have appointed to management positions. Your company's reputation is suffering because of them.


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  5. "Senior Fund Accountant"

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

    I worked at State Street (More than a year)

    Pros

    State Street gives you the opportunity to run early since you will realize they aren't concerned with your career growth.

    Cons

    Everything - the culture, pay, and mentality of management make this place a terrible place to work. Say goodbye to your career if you spend more than 2 years there.

    Advice to Management

    Lose the COE structure - not a good way to keep talent


  6. "Business Analyst"

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

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

    Pros

    the company has good benefits

    Cons

    not a good atmosphere to work in. management takes care of their favorites and everyone else regardless of the quality and quantity of work they perform will never be in the 'in crowd'.

    Advice to Management

    open your eyes.


  7. Helpful (2)

    "RUN, Don't Walk from this place"

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

    I worked at State Street full-time (More than 5 years)

    Pros

    Young culture. You'll make some good friends here.

    Cons

    Employees are treated poorly. Salary and benefits are inferior. There are layoffs every year so you never really feel very secure in your job.

    Advice to Management

    treat your employees like humans.


  8. Helpful (2)

    "Disappointing"

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

    I worked at State Street full-time

    Pros

    There is ability to work from home and flexible work arrangements. Depending on the client you work on, you may get decent industry exposure.

    Cons

    Extremely low salary and historically low annual merit increase/performance bonus because the company is perpetually cutting costs due to "challenging headwinds", and rather than Innovate or go after new opportunities, they choose to offshore, layoff and keep compensation low.

    Senior leadership in the Sacramento office is uninspiring and stagnant. Promotions are very political and playing golf or fantasy football with VPs seems to further your career more than actual hard work and value to the company and client. Turnover is very high and the strongest employees do not stick around long.

    The work is very operational and siloed with little opportunity for decision making.

    Overall the company feels very cheap and does not instill a sense of pride or confidence in the future.

    Advice to Management

    Change in culture needed in order to keep talent. Shake up management to being in a fresh perspective.


  9. "Headquarters - Lincoln street"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Doesn't Recommend

    I worked at State Street full-time

    Pros

    Above average salary to attract talent.

    Cons

    Bad Management. Not the place to stay, establish your rate of pay and find a better company to work for.


  10. Helpful (1)

    "What? Strong stable company a recent reviewer says?"

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

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

    Pros

    You'll meet some nice people

    Cons

    In case you missed they have been laying people off since 2008 and announced today another 7,000 will be axed by 2020. Sounds like you'll be let go from that "stable" company soon.

    Advice to Management

    Sad and unimaginative.


  11. Helpful (1)

    "very poor pay & benefits, no parking, can't make a living"

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

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

    Pros

    1.office is new and nice

    Cons

    1.poor pay
    2.no 401k for first year employee
    3.no free parking, need to pay if park in nearby garage, and the parking fee can eat up a big portion of salary



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