State Street

  www.statestreet.com
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State Street Reviews

Updated Jul 18, 2014
All Employees Current Employees Only

2.7 1,211 reviews

51% Approve of the CEO

State Street President and CEO Joseph (Jay) L. Hooley

Joseph (Jay) L. Hooley

(377 ratings)

40% of employees recommend this company to a friend

Review Highlights

Pros
  • Company has good benefits and is looking to improve work/life balance for employees(in 118 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to(in 55 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach(in 36 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you(in 47 reviews)

222 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
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    • Approves of CEO

     

    It is excellent co. to work with.

    Claims Specialist (Current Employee) Mumbai

    ProsExcellent Job Opportunities.
    Good Working Climate.

    ConsSalary is a bit low.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • No Opinion of CEO

    1 person found this helpful  

    Awesome work place to grow up your knowledge

    Fund Accountant, Associate I (Former Employee) Pune

    ProsIts world leading and very old custodian bank. Its also having good position in the world. Providing good services.

    ConsSenior are not very supporting but not every senior.

    Advice to Senior ManagementTo keep good behavior with you juniors.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
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    1 person found this helpful  

    Good place to work for fresher

    Associate (Current Employee) Mumbai

    ProsGood learnig place for fresher

    ConsSlow growth and not a good pay master

    Advice to Senior Managementno comments

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    IT Dept Summer Intern

    Intern (Former Employee) Boston, MA (US)

    ProsVery friendly people. Supervisor took time out of her schedule to get me up to speed and made sure I knew what I was doing.

    ConsSome people may find it boring. I personally always had work to keep me occupied. May not understand the a lot of terms even after the internship ends.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

     

    Happy with my overall experience at State Street bank.

    Anonymous Employee (Former Employee)

    ProsState Street believes that if you are hired for a job, you should be able to do the job. They do not micromanage.

    ConsIf you did not work in the home city of Boston, growth potential was very limited and they tend to treat you as the ugly step-child.

    Advice to Senior ManagementTreat all your employees as professionals.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
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    • Career Opportunities

     

    State Street was a great place to launch my career

    Anonymous Employee (Former Employee) Quincy, MA (US)

    ProsI feel I benefited from the company's commitment to allowing employees the flexibility to work from anywhere (role permitting) and its commitment to mentorship. They also provided great training for new employees and ongoing training for existing employees.

    ConsThe company could be too bureaucratic at times

    • Culture & Values
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    • No Opinion of CEO

     

    Been here ten years; there's a lot of good and some...not so good.

    Project Manager (Current Employee) Boston, MA (US)

    ProsThe benefits are great! Not just dental, health, vision, etc. but a decent perks website for travel and goods discounts. Free admission to the MFA for you and a guest every time you go. You have to either kill someone or get caught selling drugs in the office to get fired (different than being laid off - see "cons".) SSB is very big on global inclusion, diversity, social issues, supporting the arts and the community.

    ConsSo focused on the bottom line that they've forgotten about the emotional well-being of their employees above and beyond offering great benefits. They do have a great Flex work program but you're still expected to work 60+ hours a week if you're an AVP or above. Work/Life balance is one of their "core tenets" but they don't practice what they preach.

    Advice to Senior ManagementDon't forget about the people working for you while you're scouring teams for processes to move to India, China, Poland, etc. "Doing more with less" isn't a bad thing but you still need to understand that people earn vacation, flex time, etc. and should be able to take it.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

     

    I loved every minute working at State Street.

    Operations Officer (Current Employee) Boston, MA (US)

    ProsThere are lots of opportunities for lateral as well as promotional advancement. The office environment is clean and they have opened brand new offices in Boston in recent years.

    ConsAt times it felt like a boys club, but feel that it has gotten better. Depending on the individual, at time the atmosphere was very collegiate, and did not always feel professional.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    My experience at state street has been rewarding.

    Senior Associate - Client Operations (Current Employee) Boston, MA (US)

    ProsBenefits are the most attractive aspect of working at State Street. If your interest in returning to school the tuition reimbursement is high at up to 10,000.00 per year. Up to 80% of medical is covered depending on the plan. I've spent my whole career in mutual fund operations but there are mobility opportunities as it is such a large company. There is a big emphasis on training and a lot of resources for professional and technical development if you are motivated to learn.

    ConsSalary is on the low end compared to competitors.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Good working environment, uncompetitive pay

    Vice President (Former Employee) Asia, TX (US)

    ProsNice colleagues who generally have the right work attitude and ethics.
    Non-aggressive, so it is very good for people in internal control and risk management functions.
    Encourage internal movements, very good for learning.

    ConsLow salary.
    Limited empowerment at non US locations. All key decisions are escalated to US Headoffice. Low efficiency.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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