State Street

  www.statestreet.com
Work in HR? Unlock Free Profile

State Street Reviews

Updated Jul 26, 2014
All Employees Current Employees Only

2.7 1,218 reviews

51% Approve of the CEO

State Street President and CEO Joseph (Jay) L. Hooley

Joseph (Jay) L. Hooley

(382 ratings)

40% of employees recommend this company to a friend

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)

1,218 Employee Reviews
Relevance Date Rating
in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    State Street- Not the best; Not the worst

    Business Analyst (Current Employee) London, England

    ProsCompetitive Pay
    Very large organisation with scope for movement across investment management services and beyond
    Friendly, relaxed environment to work in

    ConsAs a long term contractor, there can be limited opportunities to develop skills outside of those used in day to day functions

    Advice to Senior ManagementUpper management need to understand the day to day implications of their ruthless cost cutting initiatives of the past few years

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Potential to be so much more

    Anonymous Employee (Current Employee)

    ProsRecent upturn in client focus due to market downturn. Overdue but the opportunity to start focusing on quality rather than 'ticking the boxes' is positive. Watch this space.

    ConsFragmented departments. Seems a bit like mission impossible at times, unless a solution path to a problem is clearly defined they all seem to disavow all knowledge or ownership.
    Over abundance of middle management & VPs -hampering effectiveness.

    Advice to Senior ManagementSlow down with the outsourcing! The middle management & VPs that are executing it are flying by the seat of their pants & not planning out the details. Keep the focus on the client & what they need, not just the SS bottom line.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    State Street - lots to learn

    Operations Associate (Current Employee) City of London, England

    ProsThere is a good mix of people, from all walks of life. From my experience I'd say that 90% of my colleagues are an absolute pleasure to workwith, they work hard and during times when the chips have been down it's been the morale of my colleague and everyone pulling together that has got everyone through it. State Street is also a good place for opening doors for peopl who have had no experience or exposure to the world of finance. To be honest the good points are easily counted on one hand - on a plus note ,they are "trying" to improve things.

    ConsWhere do I start...number one downside is the systems!!!! You find you spend most of your day shouting, yelling screaming at your computer. For a company which prides itslef on being the biggest lender, it could do whole lot more work on system developement sand improvements. Another major downside is upward progression - there is very little, you often feel that you have to wait for someone to move up before any kind of opportunity occurs for you to progress, I know this view is shared by many on my team - and as it continues year after year, it increases resentment.

    Advice to Senior ManagementIf a good is done well, you should show some form of appreciation or gratitude. Sometime all it takes is a "thank you"!!!

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Big enough to slowly drown in, unless you die of frustration first.

    Fund Analyst - Trustees (Former Employee) London, England

    ProsThe size of the company means there are opportunities to move internally both domestically and internationally.

    ConsState Street is one of the worst companies I have worked for in terms of employee benefits and perks. The company is extremely aggressive with cost-cutting to the detriment of its' employees.

    Advice to Senior ManagementStop outsourcing non-core activities (facilities, IT etc) to the detriment of service quality. Be reasonable with salaries.

    No, I would not recommend this company to a friend

    • Approves of CEO

     

    Great!

    Anonymous Employee (Current Employee)

    Prosnice people, good programs, networking opportunities, tuition reimbursements

    Consworking hours are too long

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Good company low salaries

    Vice President (Former Employee) Boston, MA (US)

    ProsThe company is supportive of work-life balance and has a lot of opportunity to take advantage of their flex policy. The people you work with are really wonderful, smart and professional.

    ConsThe pay is low as compared to other companies similar in size and operation. Often businesses work in silos and it is hard to get things done. Senior management doesn't appear to make an effort to retain the best talent.

    Advice to Senior ManagementPromote and retain talent by paying market wages.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    good people and good compay

    Associate (Current Employee) Hangzhou, Zhejiang (China)

    Prosgood people and good compay

    Consgood people and good compay

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great Company

    Fund Controller (Former Employee) Boston, MA (US)

    ProsI had previously work in the AIS Real Estate Performance Measurement area and always impressed at how they continued to search and improve ways to service their clients.

    ConsUpper management wasn't always forthcoming on how they felt about certain business groups.

    Advice to Senior ManagementI would recommend having a VP level person running a business group as the lower levels of management don't always have the experience level to properly service the clients. That level is to close to the work many times and can lose sight of what their clients are really looking for.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    IT Dept Summer Intern

    Intern (Former Employee) Boston, MA (US)

    ProsVery friendly people. Supervisor took time out of her schedule to get me up to speed and made sure I knew what I was doing.

    ConsSome people may find it boring. I personally always had work to keep me occupied. May not understand the a lot of terms even after the internship ends.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Job..

    Project Manager (Current Employee) Boston, MA (US)

    Prosflexible flexible flexible flexible flexible

    Consbusiness lacks discipline business lacks discipline

    Advice to Senior Managementimprove your FT employee quality through better HR

    No, I would not recommend this company to a friend

Worked for State Street? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.