State Street
2.8 of 5 1,014 reviews
www.statestreet.com Boston, MA 5000+ Employees

State Street Reviews

Updated Apr 16, 2014
All Employees Current Employees Only

2.8 1,014 reviews

                             

52% Approve of the CEO

State Street President and CEO Joseph L Hooley

Joseph L Hooley

(324 ratings)

40% of employees recommend this company to a friend
1,014 Employee Reviews
Relevance Date Rating
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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

 

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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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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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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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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- 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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State Street

Anonymous Employee (Current Employee)

I have been working at State Street full-time

ProsThe people and employee benefits are the best reason to work for SS. The work is challenging and although routine, very different day to day in terms of the things that come up.

ConsPolitics is an issue and thus is the case for most companies. Getting ahead quickly is about who you know.

Advice to Senior ManagementReward the people doing the job. Say Thank you and acknowledge contributions.

Yes, I would recommend this company to a friend

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  • Culture & Values
         
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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

Anonymous Employee (Current Employee)

I have been working at State Street

ProsClient Operations is the way to go

ConsNot enough training and a mindless job
Terrible pay

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1 person found this helpful  

good company to start after college, but long term opportunities limited.

Business Analyst (Current Employee)
Quincy, MA (US)

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

Prosgood location and flexible work arrangments a pro

Conseasy to get stuck in a department that doesnt promote.

Advice to Senior Managementencourage more personal groth and reward for hard work.

No, I would not recommend this company to a friend

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Acquired from Investors Bank and lasted 7 years before lay off

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

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

ProsStrong company. Many good people to work with. Growth potential in some business lines. A change agent personality will be a rock star here.

ConsStaff reductions a constant thing since 2008. Challenges with the transition to more outsource partners.

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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