Cookies help us deliver our services. By using our services, you agree to our use of cookies. Click here to learn more

State Street Reviews

Updated 24 April 2015
1567 reviews filtered by
  • Any Location
  • Any Job Title
2.9
1,567 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
503 Ratings

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 132 reviews)

  • The flex work schedule, most people have an option to work from home twice a week (in 65 reviews)

Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 42 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 57 reviews)

More Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Client Risk Director

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in London, England
    Current Employee - Anonymous Employee in London, England

    I have been working at State Street full-time (More than 3 years)

    Recommends
    Recommends

    Pros

    Good people & friendly culture. Relatively quick to make decisions and somewhat empowered compared to other large US firms that I've worked for. I enjoyed my time at State Street.

    Cons

    Very silo'd. State Street Global Services are effectively an Investor Services Provider. Buyside clients normally buy a bundle of services. The sales process is integrated, but that actual operations are fragmented across UK and EMEA region. They quote "advantage" as a sales pitch (being an integrated provider), but when it comes down to it, there are multiple ops managers and client service teams trying to service your account. Key timelines also do not show the benefit of an integrated solution. Why so many MD's and SVPs in Global Services?

    Advice to Management

    Please read cons.

  2. Fund Administrator Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Fund Administrator Associate
    Current Contractor - Fund Administrator Associate

    I have been working at State Street as a contractor (Less than a year)

    Pros

    Stability, Training, Global Environment and Clients

    Cons

    Salary under the average, role development

  3. Not great, not bad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Associate in Edinburgh, Scotland
    Current Employee - Senior Associate in Edinburgh, Scotland

    I have been working at State Street

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good people, competitive salary, paid overtime

    Cons

    Long hours, the company could do with recruiting more bodies on the ground instead of expecting already overworked employees to do excessive levels of overtime.

    Advice to Management

    Listen to your employees more.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. A nice, but slow, place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Finance Associate in London, England
    Former Intern - Finance Associate in London, England

    I worked at State Street as an intern (Less than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    - Great, friendly people
    - Comfortable offices
    - Good support structure
    - Strong sense of ethics and social responsibility within the company

    Cons

    - General lack of ambition that seems to run through both company and staff
    - Feeling that everyone there is comfortable and settling for their job
    - Seems hard to move up the ladder

    Advice to Management

    - Try to motivate individual thought a bit more.

  6. Fund Acccounting

    • 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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Working Environment. Easy to approach Management. Lots of holiday days

    Cons

    Long hours, Mid-tier pay package

  7. Great Start to Your Career...BUT...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Service Representative in London, England
    Current Employee - Client Service Representative in London, England

    I have been working at State Street full-time (More than 5 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Wealth of online training resources
    Relaxed atmosphere
    Nice restuarant
    Usual benefits including Private Medical Insurance, BUPA health screenings, childcare vouchers, plus high street shopping vouchers,

    Cons

    Reluctance to promote
    Low salaries
    Non-exsistent pay-rises
    Low bonuses
    Too many layers of management

    Advice to Management

    Show that you value your employees and then (shock horror) they won't want to leave!
    Get rid of 50% of management - there are too many and they are completely unnecessary.

  8. Good experience - average salary

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate in London, England
    Former Employee - Senior Associate in London, England

    I worked at State Street full-time (More than 5 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    It does give you a good work life balance if you play your cards well. Salary is safe. There some very good people working there but not all of them will stay for long.

    Cons

    It is too IT oriented, if you let them they squeeze as much as they can. Progressing is not easy.

    Advice to Management

    The higher management should be really looking into who is adding value within the chain. A lot of middle management does not have the skills required.

  9. Fund Accounting Intern

    • 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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Office culture
    Exposure to senior members of staff

    Cons

    Compensation
    HR department hard to get in contact with
    I left in August 2014 and still haven't received a P45
    IT systems a shambles

  10. A cost centre and a life of constant cuts

    • 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 full-time (More than 3 years)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    Quick progression and increased responsibility. This is a great place if you're lucky and you want to push on. They're more than happy for people to step up as there's nowhere near enough people to cope with the workload.

    Cons

    Pay is fairly terrible and everything is your problem, management don't want to know. In an industry that is suffering further cuts and numerous outsourcing projects State Street just don't want to be in the Fund Accounting business anymore, regardless of it actually being their bread and butter.

  11. Good opportunities in a variety of roles/locations.

    Current Employee - Vice-President, Finance in Edinburgh, Scotland
    Current Employee - Vice-President, Finance in Edinburgh, Scotland

    I have been working at State Street

    Pros

    Good opportunities in a variety of locations.

    Cons

    Regulation and the admin around it.

    Advice to Management

    I have no advice for management.

Work at State Street? Share Your Experiences

State Street

 
Click to Rate
or

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