State Street Reviews

Updated 28 September 2014
Updated 28 September 2014
1,293 Reviews
2.8
1,293 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
410 Ratings

Review Highlights

Pros
  • Company has good benefits and is looking to improve work/life balance for employees (in 122 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 60 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 40 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 51 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Awesome work place to grow up your knowledge

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant, Associate I  in  Pune
    Former Employee - Fund Accountant, Associate I in Pune

    I worked at State Street full-time for more than a year

    Pros

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

    Cons

    Senior are not very supporting but not every senior.

    Advice to ManagementAdvice

    To keep good behavior with you juniors.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Good place to work for fresher

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate  in  Mumbai
    Current Employee - Associate in Mumbai

    I have been working at State Street

    Pros

    Good learnig place for fresher

    Cons

    Slow growth and not a good pay master

    Advice to ManagementAdvice

    no comments

  3. 2 people found this helpful  

    Good opportunity to gain valuable industry experience, but low pay and little advancement options.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous  in  Kansas City, MO (US)
    Former Employee - Anonymous in Kansas City, MO (US)

    I worked at State Street for more than 5 years

    Pros

    The people, the experience, working from home options, and the benefits

    Cons

    I worked here for 7 years. I started at $32,000 like all my peers. Despite consistently meeting or exceeding expectations on my PPR, I was never promoted and was making a little over $36,000 when I left.

    Advice to ManagementAdvice

    Recognize and promote associates who show promise

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
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  5. 3 people found this helpful  

    Was able to learn a lot but very stressful and eventually burned out.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate  in  Boston, MA (US)
    Current Employee - Associate in Boston, MA (US)

    I have been working at State Street full-time for more than a year

    Pros

    Good for college graduates looking for a decent entry level job into the market.
    Ok pay.
    Good benefits.

    Cons

    Stressful.
    Long hours.
    Many daily deadlines.
    Failure only job, no matter how well you do you are bound to slip up and are always one button away from a big mistake.

    Advice to ManagementAdvice

    Would apply more job rotation opportunities as the jobs get very repetitive in the Center of excellent model. Should emphasize learning & advancement to keep more employees.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  6.  

    Great starting place to work on office personal skills and is easy to stand out.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant, Associate I  in  Sacramento, CA (US)
    Current Employee - Fund Accountant, Associate I in Sacramento, CA (US)

    I have been working at State Street part-time for less than a year

    Pros

    Great group of young co-workers and good way to get experience for recent college grads. Great benefits and the management tends to be promoted from within the company which gives makes for an understanding relationship. You can learn a lot about accounts and as long as you have a little bit of soft skills, its easy to make friends and do well. I work with a great team. Great if you get satisfaction from problem solving with numbers.

    Cons

    Compensation seems to be on the small end in the industry. You will work long hours depending on the group that you work for, but my team does push for working from home and flexing your schedule around your personal life in order not to burn out. People tend to only stick around for 1-3 years.

    Advice to ManagementAdvice

    Company does have a lot of turnover. Invest more immediate pay into your entry level if you want to see them stick around and not transfer out. Quit trying to cut costs by moving to smaller office spaces if you aren't going to distribute savings amongst employees.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Good experience entering financial field

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

    I worked at State Street full-time for more than 8 years

    Pros

    Given opportunity to learn mutual funds

    Cons

    Low pay, company sends jobs offshore

    Advice to ManagementAdvice

    Please be good to employees, most are been with the company for a long time

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 2 people found this helpful  

    Good entry level, good benefits, not long-term, very low salary

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

    I have been working at State Street full-time for more than 3 years

    Pros

    benefits package is good, vacation time. Good place to spend a year or two to learn the ropes of a specific area before leaving for a company that will actually pay you in something more than peanuts.

    Cons

    Low-to-no bonuses, extremely low salary structure, makes it very difficult to stay or retain talent. Lack of compensation causes massive turnover. Constant re-shuffling of org structure, makes jobs even more cookie-cutter and unmarketable. Lots of outsourcing and cheapening of business strategy. Lots of downsizing for mid-to-high level management makes it difficult to expect good managers or retain good managers. Under-paid associate level employees make for a poor atmosphere.

    Advice to ManagementAdvice

    Promote from within, if bonuses and salary must be that poor, at least compensate in other work-life or social ways.

    Disapproves of CEO
  9.  

    Good saslary and perks for higher ups, not a bad place for a foot in the door in the finance/accounting industry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Pricing Specialist Associate I  in  Sacramento, CA (US)
    Current Employee - Pricing Specialist Associate I in Sacramento, CA (US)

    I have been working at State Street full-time for less than a year

    Pros

    training and support provided. personal development is valued.

    Cons

    Low entry-level wages... Have to keep yourself motivated to do this type of work. not stable, sometimes stressful.

    Advice to ManagementAdvice

    Retention of valuable employees that leave elsewhere for better opportunities can be done by raising lower salaries.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Good place to gain industry knowledge

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate
    Current Employee - Associate

    I have been working at State Street part-time for more than a year

    Pros

    Good people you work with

    Cons

    Not a lot of room for advancement

    Advice to ManagementAdvice

    Pay more.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Intern

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

    I worked at State Street as an intern for less than a year

    Pros

    Great Work environment... I was on a wonderful floor with a great team and the pay was great for an intern.

    Cons

    No defined goals for Intern, Could have gotten more out of us if we had a defined goal.

    Advice to ManagementAdvice

    None

    Recommends
    Approves of CEO

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