State Street Reviews

Updated 31 August 2014
Updated 31 August 2014
1,306 Reviews

2.7
1,306 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
412 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.  

    Good to work with

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

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

    Pros

    So many nice people and things to learn.

    Cons

    some employees are very uncompetitive and I can do a much better job than some of the senior associate.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Why I stay...

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

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

    Pros

    The people! I love the group I work with and the people that I manage on my team.

    Cons

    The salary is lower than competitors and metro area.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Excellent company with above average benefits.

    • 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 for more than 10 years

    Pros

    The company is a large global company and offers several different areas to help further your career.

    Cons

    The company has lot some of their focus on their core employees and has overemphasised senior management.

    Advice to ManagementAdvice

    Start focusing more on your employees with regards to benefits.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Very boring and uneventful internship

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street as an intern for less than a year

    Pros

    Nice coworkers, always were readily available for help whenever it was needed. Managers were great to us and made sure our morale was always up.

    Cons

    Unprepared for the interns and did not have enough work for us to complete.

    Advice to ManagementAdvice

    Understood that not much responsibility can be given to summer interns, but the lack of work was not good.

  6.  

    A good stepping stone to better opportunities

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

    I worked at State Street full-time for more than a year

    Pros

    If you are looking for a job, apply at State Street. It's a steady salary with relatively easy work. You do not need to be in accounting, finance, business - all majors are encouraged to apply. There are a lot of young workers fresh out of college, so it's a good place to meet new people, too. The employment perks include various activities, games, and having that "corporate" feel , which can be a valuable experience when working in teams. State Street has a good name recognition and its' experience can be valuable to anyone's resume when looking elsewhere. Also, vacation time is on point.

    Cons

    It is a revolving door of turnover. These young people you meet will eventually leave for better opportunities (usually less than 1 year employed), as long as they are motivated to move up in their career. State Street has availability for middle management due to this turnover, but the pay will not be worth the added stress. The pay is absolutely the biggest gripe I've ever heard. For the company to target Accounting, Finance, Business majors - all of us want more out of our job. With the promotions that do happen, there's no real incentive except for a resume boost. I have been involved with several State Street activities, but that's ultimately the reason I left: better opportunities to grow and to earn a better living.

    Advice to ManagementAdvice

    -Target non-business related majors - they can do the job just as easily and are more likely to stay longer term.
    -Screen middle management to make sure they are doing an adequate job.
    -Create a better pay structure that at least gives new hires something to look forward to.
    -Own your parking lots so the employees do not have to pay each month.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7.  

    review

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    global footprint, loyalty is high for employees with over 5 years, CEO tries to do the right things

    Cons

    management too hierarchical, some senior management has very archaic views that no longer apply, diminished benefits each year

  8.  

    You won't be pushed

    • 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

    Very chilled company comparative to other financial institutions

    Cons

    Too chilled for those that like a fast paced environment and want to learn.

    Doesn't Recommend
    Neutral Outlook
  9.  

    Good experience as an intern

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Great internal access to learn about the company and industry
    people are easy to get along with, no jerks that i worked with
    boston great city to work in

    Cons

    work was sometimes not very challenging
    work is very cyclical, sometimes very bored
    hours are very short relative to industry, pay is not the best

  10. 1 person found this helpful  

    Relaxed work environment

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

    I worked at State Street as a contractor for more than 3 years

    Pros

    relaxed work env; people were generally nice and easy going. good location.

    Cons

    no job security after the Great Recession. work can be haphazard. Some managers are not good to work for; they heckle you.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    analyst

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

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

    Pros

    flexible work environment, its ok to work here if this is the only job you can find, take other deal if u have the option

    Cons

    where do I begin, its ok to work here if this is the only job you can find, take other deal if u have the option

    Advice to ManagementAdvice

    Get rid off bad managers, u did this in the past, keep doing it.

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