State Street Reviews

Updated 19 September 2014
Updated 19 September 2014
1,285 Reviews
2.7
1,285 Reviews
Rating Trends

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

Review Highlights

Pros
  • Company has good benefits and is looking to improve work/life balance for employees (in 120 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 55 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 36 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 47 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 2 people found this helpful  

    Eh

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

    I have been working at State Street full-time for more than 10 years

    Pros

    Corporate culture and infrastructure support flex work, especially remote work

    Cons

    The only way to get promoted is to come in from the outside.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    State Street - Bank Loans Specialist

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Ability to advance quickly if you are placed on the right team

    Cons

    Very low pay, you don't start making decent money until you get promoted to Senior

  3.  

    high quality of life, but low pay

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

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

    Pros

    3 weeks vacation and sick days, pretty much pick your schedule

    Cons

    very low pay, almost impossible to survive.

    Advice to ManagementAdvice

    Increase pay so people dont have to work 2nd jobs to avoid living paycheck to paycheck

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Work hard and be prepared for change

    • 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

    Smart people, great technology, changes are constant

    Cons

    Changes are constant can be difficult to adjust

    Approves of CEO
  6.  

    NICE Experience

    • Culture & Values
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    Pros

    Culture, Lifework Balance..
    Smart People.
    Nice colleagues..
    Nice working environment

    Cons

    Job Security.
    Most of the work is Product support which is not suitable for developers with brilliant thoughts...

  7.  

    Great people

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Really enjoy the life work and time spent with the people of both my team and those all involved within the bank

    Cons

    money is ok, but the commute could be better after working long hours helping cover those out on vacation time

  8.  

    Entry level position

    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    You can almost find every kind of position you want to start a career in finance, through the three main divisions of the company.

    Cons

    Low salary compared to other corporations in the industry. Also not very sure about how easy it is to progress within a certain business unit in the company.

  9.  

    Opportunity and good people

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    State Street is a large company with plenty of opportunity for internal mobility including working in different locations in the US and abroad. Generally speaking the people are good to work with. The benefits package and paid time off is good as well

    Cons

    Like most financial service companies, State Street outsources a good amount of work on both the operations and IT side. This can lead to challenges in getting things done quickly and efficiently unless you adapt.

  10.  

    Good

    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate  in  Paris (France)
    Current Employee - Senior Associate in Paris (France)

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

    Pros

    Good atmosphere And good team spirit

    Cons

    Everything is ok . I like state street corporate culture

    Advice to ManagementAdvice

    None

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Client Services Fund Accountant

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

    I have been working at State Street as a contractor for less than a year

    Pros

    I like how my schdule never changes. Work hard during the week and have weekends off. The workload for everyday is different. Some requests that come in I am not familiar with but I have great supporting team around me to help solve the discrepancies. The office environment is very diverse. People are really polite and respectful mostly.

    Cons

    Sometimes the day can seem long. Some people working the food stations in the cafeteria on the second floor can act moody towards the actual state street workers.

    Advice to ManagementAdvice

    No complaints

    Recommends
    Positive Outlook
    Approves of CEO

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