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. "Mutual Fund Accountant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mutual Fund Accountant in Boston, MA
    Former Employee - Mutual Fund Accountant in Boston, MA

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

    Pros

    Entry level position as mutual fund accountant. Good for post bachelors and hit the ground running. Good overall base understanding of financial world. Depending on work 10-6. Never need an alarm to wake up. ( Year 2009)

    Cons

    Low pay. Boring work. Sitting in front of computer. Depending on funds you can have a busy day or you can have large gaps of time in your day. People tend to get stuck there and their outlook on life becomes dull and it can have an impact on their well-being. Year 2009)

    Advice to Management

    It's been so long since 2007 but good pay means 40K not 33K for starters. 33K in the Boston area even at that point requires people to get a second job or live meagerly. Find ways to increase staff energy during the day. Rows of cubicles don't add much to the ambience. (Year 2009)


  2. "Good"

    Star Star Star Star Star
    Current Employee - Assistant Vice President in Quincy, MA
    Current Employee - Assistant Vice President in Quincy, MA

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

    Pros

    they offer good benefits and training

    Cons

    pay more to contractors than employers


  3. Helpful (3)

    "Update from a Project Manager"

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

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

    Pros

    Some really great people work here.

    Cons

    The good managers have their hands tied. They can't give the review status, raise, and bonus they think the people deserve. Quite a few departments are told to give the majority if not all of their people average (3's) on their reviews. This holds back transfers, raise amounts and bonus amounts. The sad part is that every division has a different set of rules.

    Advice to Management

    Don't tell us (the staff ) one thing and do something completely different. Make your rules apply across the board or don't put them out there. And stop cutting/ layoff the knowledgeable staff, the clients are NOT happy.


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  5. "A great company to build a career"

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

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

    Pros

    A lot of opportunity, great people, good benefits, flex schedules, interesting work

    Cons

    Things aren't handed to you; you need to prove yourself and work hard

    Advice to Management

    Listen to your employees; great ideas are waiting for you

    State Street Response

    Apr 6, 2017 – State Street

    Thanks for your review. I especially appreciate your comments about having a lot of opportunities and interesting work at State Street – something I’ve been glad to experience here as well. You also ... More


  6. "State Street is a good job to start your career in finance."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate II in Boston, MA
    Current Employee - Associate II in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Opportunity for internal movement through the internal job board

    Cons

    Very beauracratic company where at the bottom level your impact is minimal.

    Advice to Management

    Form initiatives aimed at growing bottom level employees.

    State Street Response

    Mar 29, 2017 – State Street

    Thank you for sharing your comments. Sometimes it can be hard to see how your work directly impacts our clients or our company overall. I’d encourage you to talk with others on your team or your ... More


  7. "Above average"

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

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

    Pros

    low salary... hard to get motivated.

    Cons

    great benefits, convenient locations, and laid back environment


  8. "So-So"

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

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

    Pros

    Reasonable comp and benefits if you are a VP and above, good work life balance if you're lucky with your manager

    Cons

    Lots of politics, the middle management not really caring about your career progression, inefficient at many levels, not truly diverse

    State Street Response

    Apr 6, 2017 – State Street

    Thank you for your comments. I hope that all employees feel supported by their managers to explore development and advancement opportunities at State Street. If that’s not something you’re ... More


  9. "Trade analyst"

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

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

    Pros

    Laid back work environment, room for growth.

    Cons

    Pay could be better, some managers and even those at the officer level know little in comparison to the students. Its a bizarre business practice to promote those that are unable to help with the work.

    Advice to Management

    Learn about the work you are overseeing. It is long overdue; and the longer you take to know what a foreign trade is the worse you look to your staff . Your jobs can easily be replaced if all you do is scheduling the students.


  10. "Great Company to Be Well Rounded"

    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
    Recommends
    Approves of CEO

    I worked at State Street full-time (More than 3 years)

    Pros

    Affinity Groups - Women's Network, Cultural Networks, Toastmasters
    Internal Mobility
    Mentor Program
    Local (Boston) partnerships
    Work From Home encouragement

    Cons

    Lots of big company bureaucracy
    Slow moving communication to satellite sites

    State Street Response

    Mar 8, 2017 – State Street

    Thank you for your comments! We are proud of our Employee Networks and Affinity Groups as well as our mentor programs. We know that offering a wide variety of programs is important to employees of ... More


  11. Helpful (1)

    "People make a world of a difference."

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

    I worked at State Street full-time (More than 3 years)

    Pros

    If you're lucky enough, the people make a world of a difference on your experiences and success.

    Cons

    Depending upon department, overtime is possible.

    If you're unfortunate enough, the people make a world of a difference on your happiness, well being, development, etc. during the 8+ hours you're at work.

    Advice to Management

    Come out from behind closed doors; be physically available for staff on occasion.


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