State Street Reviews | Glassdoor

State Street Reviews

Updated September 21, 2017
2,973 reviews

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2,973 Employee Reviews

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Pros
Cons
  • lot of politics no work life balance (in 101 reviews)

  • Long hours pressure during end of month (in 149 reviews)

More Pros and Cons

  1. "Interview"

    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

    Pros

    great work environment busy and very diverse group of people with extensive amount of skills

    Cons

    hard to move up

    Advice to Management

    Good job!

    State Street Response

    Sep 14, 2017 – State Street

    Thank you for your response. Keeping our employees engaged while fostering a collaborative culture is important to us; and I agree with you that our people and work environment are some of the... More


  2. "It's ok for a starter position"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Quincy, MA
    Current Employee - Senior Associate in Quincy, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Work from home, benefits, location, networking, get a good grounding, will pay 10,000 for school a year. Good work set up, dual screens for work.

    Cons

    Slow promoting, can be a bit monotonous in the work that you do. It can be a bit hard to transfer between department since they have silos.

    Advice to Management

    Provide incentives

    State Street Response

    Aug 23, 2017 – State Street

    Thanks for your comments. Having opportunities for advancement and being challenged by work are important aspects of career development. We want State Street employees to feel supported to explore... More

  3. Helpful (2)

    "Financial Analyst - Senior Associate"

    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

    Great organization to move around internally and experience career opportunities in different fields / departments, good benefits and friendly people.

    Cons

    Upward mobility is very difficult in certain departments, large bureaucracy at times and pay could be better.

    Advice to Management

    Management really needs to find ways to better retain its employees.

    State Street Response

    Sep 7, 2017 – State Street

    Thank you for your review. I’m glad to hear you mention State Street’s opportunities to explore roles across different departments. We know that in order to retain great talent, we need to make it... More


  4. "Recent experience"

    StarStarStarStarStar
    Former Employee - Operations
    Former Employee - Operations

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

    Pros

    Nice company culture and people are pleasant to work with.

    Cons

    In recent years, major change with company management and operation transformation, and thereby the culture also change with it.

    Advice to Management

    Keep employee turnover low.

    State Street Response

    Aug 17, 2017 – State Street

    Thanks for your review. We’re glad to hear you’ve enjoyed the company culture and your co-workers at State Street. As we continue to innovate, internal mobility will be essential to our success. By... More


  5. "Cash Processing Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great entry positions to gain corporate experience.
    Professional setting.

    Cons

    Lack of supportive system/ trainings for new hired


  6. Helpful (4)

    "Avoid"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President, Quantitative Analysis in Boston, MA
    Current Employee - Vice President, Quantitative Analysis in Boston, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    A stepping stone for the interns/juniors looking to learn the basics and perhaps those who have no family so could spend 70 hours on pointless projects to look busy and make their clueless boss look good.

    Cons

    A lot! Agree with another reviewer about the "all white boy club" culture. Not diverse at all despite all diversity bluffing. The middle level management is usually unqualified and clueless. All what matters to senior management is being part of their gang. No matter your qualification, you will be marginalized if not in the gang. Management treats employees like their subjects. Usually Lots of politics and depending on who your boss is, work environment could be hostile and ineffective with lots of favoritism. Overall, inefficient in almost every process. The HR only tries to protect the company and doesn't care much when employees raise issues.

    Advice to Management

    Fix the mess


  7. "Functional Spec. Associate 2"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Functional Spec Associate II in Quincy, MA
    Current Employee - Functional Spec Associate II in Quincy, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    nice working place in this area

    Cons

    there are cons for this company so far

  8. Helpful (1)

    "Counsel"

    StarStarStarStarStar
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at State Street full-time

    Pros

    Decent time off. Good 401K.

    Cons

    You are one bad boss away from losing your job.

    Advice to Management

    Do a better job supervising your executives.


  9. Helpful (1)

    "Good for interns and not for regular employees"

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

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

    Pros

    work from home is big that's what kept for more than 8 years

    Cons

    but promotion is rerely possible, departments are understaffed

    Advice to Management

    At least say thank you! for a well job done and staying late to satisfy the client. even nicer if you can get gift cards to your employees


  10. Helpful (1)

    "Project Coordinator"

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

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

    Pros

    State Street has a deep dedication to technology and being one of the industry's leading provider of services. Being a part of a fast-paced, accurate and dedicated team is something any young employee wants. Finding it here, at a company who, despite popular belief, is quite dedicated to it's employees, was such a welcome change from previous positions I had held.

    Cons

    At times upper-management can be "set-in-their-ways" and slow to implement suggestions from lower-level colleagues. However, that depends on your manager.

    Advice to Management

    Keep being transparent and motivating employees from associate to EVP to do their best and continue to remind them that they are more than just a cog in a machine.


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