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State Street Reviews

Updated 19 July 2018
3,428 reviews

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3.1
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Approve of CEO
State Street President and CEO Joseph L. Hooley
Joseph L. Hooley
1,151 Ratings

3,428 Employee Reviews

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Pros
Cons
  • "lot of politics no work life balance" (in 109 reviews)

  • "Expect long hours during busy season and overtime work" (in 173 reviews)

More Pros and Cons

  1. "Awesome"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at State Street full-time

    Pros

    People are promoted/given opportunities on merit.
    Most colleagues are lovely.
    Lots of opportunities for development if you ask for them. You aren't given stuff but that's the way most companies work.

    Cons

    There can be malaise amongst staff who have been there for a long time but that's possibly from a lack of perspective as they haven't worked in many other places and so don't know what it's like elsewhere.
    Sometimes standards expected of people can be too low.

    Advice to Management

    I think you're doing a great job. Just make sure that promoting/rewarding high performers isn't too much of an administrative headache.

    State Street Response

    30 May 2018 – State Street

    Thank you for providing your feedback on State Street. I agree that employees are rewarded based on their performance and there are many opportunities to develop your technical, professional and... More


  2. "Temp - Associate 1 - Associate 2"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Temp - Associate I - Associate II in Edinburgh, Scotland
    Former Employee - Temp - Associate I - Associate II in Edinburgh, Scotland
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at State Street full-time (More than 3 years)

    Pros

    Friendly company, majority of managers are great.

    Cons

    Sometimes it's difficult to get noticed for promotion as everyone is so competitive and bonus hungry!

    Advice to Management

    keep the 121s regular

  3. "Good employer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    Flex working for some teams

    Cons

    Poor middle management not investing in developing people.


  4. "Client Service"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street full-time

    Pros

    Flexible Hours, good work life balance

    Cons

    Low pay, many non ambitious people


  5. "AVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    Very Good internal mobility opportunity

    Cons

    administrative work may be huge


  6. "Client Services Administrator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at State Street full-time

    Pros

    Very flexible place to work

    Cons

    Bonus and annual rises could be better.


  7. "Great Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in London, England
    Former Employee - Project Manager in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at State Street full-time (More than 8 years)

    Pros

    Sense of Ownership, Accountability, Responsibility

    Cons

    Aggressive Deadlines. Slow Career Progress

    Advice to Management

    Bring in Fresh Talent to Senior Roles

  8. Helpful (1)

    "Tick, tick, tick..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Officer in Edinburgh, Scotland
    Former Employee - Officer in Edinburgh, Scotland
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at State Street part-time (More than 10 years)

    Pros

    Plenty of opportunities for management to give associates and junior managers a good kicking

    Cons

    Cutting costs is the only game in the company. Experienced staff are used to train mainly offshored staff (usually India) before making them redundant. High attrition rates in in India (HCL and SSSS) means State Street loses both experienced staff and the newly trained, as they don't wait around to train their successors. This impacts on client service, but hey, State Street saves a packet on UK costs. Current and prospective clients should be very scared. A ticking time-bomb...

    Advice to Management

    Treasure and do your utmost to keep your experienced staff.. oh what's the point, State Street senior management don't listen to anyone.


  9. Helpful (1)

    "Good for a foot in the door"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Edinburgh, Scotland
    Former Employee - Anonymous Employee in Edinburgh, Scotland
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time (More than a year)

    Pros

    Good starter job in finance. Relatively straightforward to get the job. Plenty of internal training provided.

    Cons

    Going nowhere fast. People are overworked. Some have no time to teach newbies.


  10. "Digital Marketing manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Digital Marketing Manager in London, England
    Current Employee - Digital Marketing Manager in London, England
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Global Company, liquidity multilingual great opportunities

    Cons

    Delayed/slow decisions. Slow moving and bad communication between departments

    Advice to Management

    Each department should have a clear and defined programme


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