State Street Reviews

Updated 29 October 2014
Updated 29 October 2014
1,325 Reviews
2.7
1,325 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 128 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 62 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 39 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 55 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 (more than an 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.  

    Senior account controller

    Former Employee - Anonymous
    Former Employee - Anonymous

    I worked at State Street

    Pros

    Good work life balance. Friendly people good management. Was there through a co op and they were willing to accommodate my schedule.

    Cons

    Challenging to move up. Political at times. Could use more defined career paths. Silo work groups. Not much opportunity to explore.

    Advice to ManagementAdvice

    More defined career path.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Self motivation required

    • 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

    Pros

    Flexible work arrangements, competitive vacation policy, great place to start a career

    Cons

    Lack of standardized training, long hours, depending on your industry there is a fair amount of turnover

    Advice to ManagementAdvice

    Organize standard trainings to assist with on boarding new hires

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Fine place to start

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

    I worked at State Street full-time (more than an year)

    Pros

    Benefits package solid. Job very dependent on what unit/team you're on. If you work hard and try to learn every day, you can move up quickly and stop doing the rote processing required at the entry level.

    Cons

    Compensation not in line with similar positions at other companies. Not a very pervasive company culture.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Associate 2

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

    I have been working at State Street full-time (more than an year)

    Pros

    Good workers. The flexibility to work from home when needed is a great incentive.

    Cons

    Low pay!! Company doesn't compensate employees for their commitment and hard work.

    Advice to ManagementAdvice

    Need to award employees for their hard work. They tend to award employees who do not work or care about the work that they do.

    No opinion of CEO
  8.  

    Not what it used to be

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

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

    Pros

    Good place to get a foot in the door. It's hard now to learn more then one task now because of the center's of excellence. When you join a group you basically learn how to do only one thing. As a fund accountant it used to be you were in charge of accounting and custody. Now you are only in charge of accounting.

    Cons

    Outsourcing of work is the priority right now. From what I understand the whole fund administration department is being outsourced. Compliance, Client Operations, Financial reporting etc. There is no room for growth. Layoffs are happening constantly

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Fabulous Internship

    • 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

    Pros

    Absolutely loved it, many opportunities for different professional events, hands-on learning

    Cons

    none! very great management, leadership and maintenance of the many interns

    Advice to ManagementAdvice

    Keep it up!

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Associate 2

    • 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 (more than 3 years)

    Pros

    stable, easy tasks, senior management are wll nice, work life balance is good

    Cons

    Not much career advancement, very few promotion opportunities

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Good, but highly bureaucratic

    • 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 (more than 3 years)

    Pros

    Good work/life balance.
    Competitive base salary and Merit based yearly bonus structure.
    Generous maternity/paternity leave and vacation for higher levels.

    Cons

    Highly bureaucratic and strict adherence to hierarchy.
    Not the place if you are somebody who thinks out of the box and want to do things differently as there are process hurdles.
    Attitude among folks is to get the operational system issues working and get by somehow rather than attacking the core of the issue and devising ways to apply a permanent fix which obviously requires some lateral thinking and more often than not, time pressure to deliver comes in the way.
    Be nice and visible and you will be rewarded well irrespective of the quality of work.

    Recommends
    Positive Outlook
    No opinion of CEO

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