State Street Reviews

Updated 17 October 2014
Updated 17 October 2014
1,312 Reviews
2.7
1,312 Reviews
Rating Trends

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

Review Highlights

Pros
  • Company has good benefits and is looking to improve work/life balance for employees (in 124 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 39 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 53 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 2 people 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 (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
  2.  

    So far my experience has been good, people are friendly and welcoming!

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

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

    Pros

    It is a great resume booster and the people seem to be very nice so far.

    Cons

    The pay is very low for someone living in the city or communting to it.

    Advice to ManagementAdvice

    Be more accomodating to personal finances.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great career development opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Operations Processing Analyst in Hadley, MA (US)
    Current Employee - Operations Processing Analyst in Hadley, MA (US)

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

    Pros

    Learn a lot and develop skills that will help in career development

    Cons

    Work is boring at times

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

    Staff

    • 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

    A good place to start your career

    Cons

    Low starting salary in the beginning

  6.  

    fund accountant

    • 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

    benefits, location, reputation, looks great on the cv

    Cons

    long work hours, parking, office culture

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    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 (less than an 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
  8.  

    Financial Reporting Specialist

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

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

    Pros

    Gain a lot of experience

    Cons

    There are nothing much to talk about cons

    Advice to ManagementAdvice

    Please consider work-life balance.

    Doesn't Recommend
    Disapproves of CEO
  9. 1 person found this helpful  

    Eh....

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

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

    Pros

    Young company, so a lot of your coworkers are around your age. Managers/colleagues are usually the only reason to go to work. And that's only on some teams. Really only busy for 5months of the year. Lots of learning and training, definitely get to know ins and outs of tax.

    Cons

    VERY low pay. Yes OT is allowed, but compared to other companies, the salaries are extremely low. Upper management are only concerned with how low their pay is, so they only hire college grads, then get mad when the ending product is less than satisfactory. Very VERY little room to grow, career wise. Takes around 4-7 years just to be promoted to Senior.

    Advice to ManagementAdvice

    Happy staff, better ending product. Keeping your staff miserable doesn't get you a better outcome.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Never going back

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant in Toronto, ON (Canada)
    Former Employee - Fund Accountant in Toronto, ON (Canada)

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

    Pros

    Good people, friendly, no more to say

    Cons

    low pay
    too much work
    little training

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Low investment in people and innovation

    • 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

    Pros

    Flex work and benefits

    Cons

    Slow and old fashion environment. State street remains a custodian, low margin high volume and unsophisticated tools.

    Advice to ManagementAdvice

    Invest in your employees and attract talent with market competitive salaries. Diversify and allow world talent to lead, not the same Boston monochromic old guard.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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