State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews

Updated 21 December 2014
Updated 21 December 2014
1,390 Reviews
2.8
1,390 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
450 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.  

    Associate Level

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Great place to start career

    Cons

    There is a high turnover rate

  2.  

    Market leader in its sector, however long hours, staff engagement fairly low

    • 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

    Market leader in its sector, invests in technology and people

    Cons

    Long hours, staff engagement very low, focus is on cost cutting, not necessarily on quality of service

    Doesn't Recommend
    Neutral Outlook
  3.  

    Kansas City Fund Administration

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

    I worked at State Street full-time (more than 3 years)

    Pros

    Overtime > 40 hours for Level 1 & Level 2. Enjoyed the people.

    Cons

    Manager role requires 50+ hours a week for inadequate pay

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


  5.  

    review

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

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

    Pros

    great place to gain experience

    Cons

    to large of a company for me

    Advice to ManagementAdvice

    explaining more terminologies in depth

    Recommends
    Positive Outlook
  6.  

    all in all not bad

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

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

    Pros

    good people to work for and strong managment

    Cons

    after consistently overachieving, only received luke warm reviews

    Advice to ManagementAdvice

    pay more

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Hit and Miss Financial Corporation

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

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

    Pros

    -Decent working environment
    -Upward mobility potential if desired
    -Good training
    -Great benefits, including health insurance and vacation policies
    -Typically flexible working arrangements and work from home capability
    -Good on-site amenities
    -Good yearly incentive pay

    Cons

    -Lowest pay brackets among financial corporations in the area
    -Frequent outsourcing of some departments
    -Demanding client-based environment

    Advice to ManagementAdvice

    -Increase pay brackets to retain talent
    -Develop better practices/policies for evaluating potential management before hiring/promoting

    Recommends
    Neutral Outlook
  8.  

    Internship at State Street

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Global Markets Intern in London, England (UK)
    Former Employee - Global Markets Intern in London, England (UK)

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

    Pros

    Very friendly environment to work in

    Cons

    Things can be a little slow to move during interview process

    Recommends
    Positive Outlook
  9.  

    Stable Company with great flex program

    • 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.
    Able to learn and expand career if desire.

    Cons

    Pay is below industry. Upward movement is slow but possible if you push and seek out opportunities.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Good place to start

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

    I worked at State Street full-time (more than 3 years)

    Pros

    The company has great technology and benefits. The hours were long at times but I and others were rewarded for that. It's a good place to start and gain experience. There are avenues of growth and different areas of the company to get into to. Where I worked, the environment was inclusive and they cared

    Cons

    The pay is very low. I took a lower position at a competitor and the pay increase was huge. With the great technology and automated processes, the trade off is that employees can lag behind in their overall knowledge of their roles compared to other companies.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Some good groups, some bad.

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

    I worked at State Street full-time (more than 3 years)

    Pros

    A good way to gain some exposure to financial services at an entry level. Large company with wide array of functions, easy to make moves between departments. Good benefits and flexible work arrangements for people who want to have more time for family/social/personal endeavors.

    Cons

    The managers and co-workers vary greatly between different groups. One group I was in had stagnant managers with dissatisfied clients, and was facing continual layoffs; another group I was in encouraged new ideas and was continually getting new business, getting promotions, and getting new hires every couple months.

    The industry is moving towards doing more with less, every group feels like it's being stretched thinner and thinner.

    Advice to ManagementAdvice

    Rotate staff more efficiently and educate them on development. Don't let good employees suffer under bad middle managers.

    Recommends
    Neutral Outlook
    Approves of CEO

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