State Street
2.8 of 5 1,019 reviews
www.statestreet.com Boston, MA 5000+ Employees

State Street Reviews

Updated Apr 22, 2014
All Employees Current Employees Only

2.8 1,019 reviews

                             

52% Approve of the CEO

State Street President and CEO Joseph L Hooley

Joseph L Hooley

(329 ratings)

41% of employees recommend this company to a friend
1,019 Employee Reviews
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Review Highlights

Pros:
  • "Company has good benefits and is looking to improve work/life balance for employees"
    in 96 reviews
  • "The only one I can think of is the ability to work from home"
    in 46 reviews
Cons:
  • "Find the wrong group and you can kiss work/life balance out the window"
    in 30 reviews
  • "so many entry level workers it seems very hard to be recognized and no chance of promotion or raise until 1"
    in 38 reviews
  • Show more review highlights

Reviews

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

 

Tax Analyst

Tax Analyst (Current Employee)
Boston, MA (US)

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

ProsLots of opportunities to move within company and lots of flexibility

ConsPay and Total Compensation is low

Yes, I would recommend this company to a friend

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

 

Opportunities to learn and get ahead

Anonymous Employee (Former Employee)
Sydney (Australia)

I worked at State Street full-time

ProsVariety of challenges, excellent systems and commitment to technology investments

Conscomparatively lower salaries than competitors

Advice to Senior Managementembrace diversity

Yes, I would recommend this company to a friend

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  • Culture & Values
         
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  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Overall, my experience at State Street is a pleasant one mainly because of the people that I work with

Fund Administrator, Associate I (Current Employee)
Toronto, ON (Canada)

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

ProsEducation assistance reimbursement, laid back managers, a decent place to jump start your career as a fresh graduate.

ConsShould hire managers that knows how to motivate employees and are competent with their jobs, menial jobs are common within the company, especially those repetitive operational jobs. Compensation should be competitive to help retain talent.

Advice to Senior ManagementEliminate tasks that are redundant through creative alternatives on getting the job done. Invest on your employees through competitive compensation. Invest on IT and improvement on day-to-day operations.

Yes, I would recommend this company to a friend

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Administrative Assistant

Anonymous Employee (Current Employee)

I have been working at State Street

ProsEveryone is helpful. Can ask anyone a question no matter what their title is and they would help. Team players

ConsNone so far. Everyone is just nice! From the maintenance worker to the top boss everyone is nice

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

 

State Street is a performance based company that promotes the hardest workers

First Line Manager (Former Employee)

I worked at State Street full-time for more than 8 years

ProsThe best part of working for State Street is the managers are almost always people who not only excel at their job but are excellent with people skills. They try to get the most out of all of the talent that they have, by being accommodating to their employees.

ConsThe biggest con for State Street is that they do not have competitive salaries. The rest of the industry pays not just better, but generally much better than State Street.

Advice to Senior ManagementAdvice for upper management would be to work with HR to create more defined carreer paths for employees that demonstrate excellence in their job. Also to increase the pay in general, they lose a lot of good employees to competiors for simple financial reasons.

Yes, I would recommend this company to a friend

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Good learning for starter job

Anonymous Employee (Former Employee)

I worked at State Street

Prosgood flexibility for personal issues

Conssalary could be better but it is what it is

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  • Culture & Values
         
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  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

- The World is Flat

Vice President (Current Employee)
Dublin, Dublin (Ireland)

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

ProsChallenging but rewarding work environment - constantly changing

ConsAt times can be somewhat bureaucratic

Advice to Senior ManagementRetain talent and develop strong leaders

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

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  • Culture & Values
         
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  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Just completed 10 years of service and have had many opportunities for career advancement.

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

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

ProsInternal mobility and the opportunity to change jobs and/or advance
Flexible work arrangaements
More recently - pro has been the amount of change and willingness to look at things differently

ConsSize of the organization makes it sometimes challenging to navigate what the career opportunities are

Advice to Senior ManagementLots of change happening at State Street but also good progress with communicating and sharing infromation with the employee population. Although change can be confusing, it feels like an exciting time and my hope is that senior management stay focused on thinking creativley about their vision for the future state of the company.

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

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  • Culture & Values
         
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Big Company Normal

Anonymous Employee (Current Employee)

I have been working at State Street full-time

ProsCompany has been around for many years so as an entity very stable. With thousands of employees and a worldwide presence there are opportunities in a variety of areas. Corporate takes a lot of care to share vision with all levels of the firm and to expose different divisions to eachother.

ConsLarge companies tend to move rather slowly. Great deal of corporate policy and procedure.

Yes, I would recommend this company to a friend

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  • Culture & Values
         
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  • Senior Management
         
  • Comp & Benefits
         
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  • No Opinion of CEO

 

Good entry level job

Senior Associate (Former Employee)
Boston, MA (US)

I worked at State Street full-time for more than 5 years

ProsGood place to start out of college. You will gain the corporate experience and work young colleagues. There is opportunity for growth depending on your group. Good place for stable work

ConsPoor work and life balance. Salary is low unless you keep climbing the ladder. In most case, you need to go internal interview for promotion. Very busy due to high turn over rate.

No, I would not recommend this company to a friend

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State Street – Why Work for Us?

At State Street, we know that smart, skilled, productive employees are essential to our company’s continued success. As a leading provider of financial services, with operations in 27 countries and more than… Full Overview

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