State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews

Updated 26 November 2014
Updated 26 November 2014
1,357 Reviews
2.7
1,357 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 132 reviews)

  • The flex work schedule, most people have an option to work from home twice a week (in 65 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 42 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 57 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Operations Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Associate in Bangalore
    Former Employee - Operations Associate in Bangalore

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

    Pros

    Nice office, good pay and work timings

    Cons

    No culture, not a good management, work is horrible and politics is quite dirty

    Advice to ManagementAdvice

    Understand the needs of the employees and teach the managers some culture and how to behave with employees

    Doesn't Recommend
    Neutral Outlook
    Approves 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.  

    Great place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    Pleasant work and co-workers for 8.5 years. Worked with multiple teams that all took pride in their products and relationships.

    Cons

    As far as I know, full-time employees were happy with their positions and he benefits of their departments. As anywhere, periods of layoffs are always tough on all involved.

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


  5.  

    Intern

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

    I have been working at State Street as an intern (less than an year)

    Pros

    Many opportunities to interact with employees and get a feel for a possible department that would be a good employment fit.

    Cons

    Some tasks are tedious and isolated.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 2 people found this helpful  

    Depends what department or manager you have

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

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

    Pros

    Depending on what manager or department you are in, the experience can be very rewarding. In my 4 years here, I've worked with some really fun, sarcastic, smart and interesting people. Seriously, everyone I've worked with at State Street is so dramatic and sarcastic and I enjoyed it. If you put in the work, if you drink the "kool aid" you'll get promoted.
    Flex time. Work from home, 4 day work week. The company (again depending on department) is very flexible.
    Diversity. State Street loves diversity. If your gay, black, purple, transgender, identify as a turtle, you'll be welcomed with open arms. No one cares, nor should they!
    Its easy to apply to different internal jobs at State Street. If you hate your job, wait a year and post for a new internal position. State Street likes promoting from within.
    The people. You'll meet some great friends.

    Cons

    Pay is so low compared to industry standards. I left State Street for a 40% raise.

    Advice to ManagementAdvice

    Pay industry standards so the young smart people don't leave to your competitors.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Heavily dependent on your group.

    • 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 an year)

    Pros

    The hours are great which include time to work from home.
    Many of the people are very nice with executives and leaders very accessible.
    The benefits are excellent and the website is well designed and easy to use.
    A good starting point for someone wanting to a career in the financial industry.

    Cons

    The pay isn't very good at all. On the low end of industry standard.
    Strange working hours can make it difficult to have a personal life.

    Advice to ManagementAdvice

    Reconsider the compensation packages to become more competitive within the business community.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Decent company, long hours during month/quarter/year end, lower pay than other opportunities.

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

    I worked at State Street as a contractor (less than an year)

    Pros

    Good for someone coming out of school who wants to gain accounting/fund accounting experience.
    Company really tries to create a good culture inside and outside the office with a lot of access to groups like exercise groups, toastmasters, and other niche groups to help you unwind.
    Good accounting experience.
    Good place to work if you don't need a lot of money but want a rewarding accounting career and like a challenge.

    Cons

    Low pay for managers...hourly folks can make more than managers at times.
    Long hours during peak times: month-end, quarter-end, year-end...but that can be said of many accounting firms since that is the nature of accounting.

    Advice to ManagementAdvice

    Raising the base pay for employees would help you retain great talent.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 3 people found this helpful  

    Seen better days

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

    I worked at State Street full-time (more than 10 years)

    Pros

    They once had the biggest and best pool of talented, dedicated IT professionals who went to limits to support the infrastructure and applications. People worked here for decades and knew how to keep things running smoothly.

    Cons

    They continued to cut and cut and cut right into the bone until there was nobody left and the ones left standing got the worst of it. Way too much work, always putting out fires and not addressing the real issues

    Advice to ManagementAdvice

    Bring back the jobs

    Doesn't Recommend
    Disapproves of CEO
  10.  

    Mixed

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

    I have been working at State Street full-time (more than 5 years)

    Pros

    The benefits are great and coworkers are wonderful. Hard work will pay off but you need to be patient.

    Cons

    Pay could be better, work life balance is not quite what it could be with little chance that this will change any time soon.

    Advice to ManagementAdvice

    Decreased focus on initial training classes and lack of job rotation narrows the capabilities of junior employees. This may save money in the short term but could have longer term impacts if the added stress on senior employees leads to increased turnover. There is a lot of talent present but if not properly cultivated is just wasted potential.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    intern

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    Relaxed and friendly work environment

    Cons

    Salary could be higher for entry level

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