State Street

  www.statestreet.com
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State Street Reviews

Updated Jul 18, 2014
All Employees Current Employees Only

2.7 1,219 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)

More Highlights
222 Employee Reviews Back to all reviews
Relevance Date Rating
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Fund accounting Administrator

    Fund Accounting Administrator Associate II (Current Employee) Montreal, QC

    Pros- Employees are company key assets
    - Good culture of excellence : focus on employees engagement, development and global inclusion
    - Employees are treated with respect and they are given chance to fulfill personal and professional goal.

    ConsYou could work overtime depending on the schedule of your mission.
    Could be stressful sometimes but one can manage to do his best anyway.

    Advice to Senior ManagementKeep going. You guys creat a great working environment !

    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

     

    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

    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

    • Culture & Values
    • Work/Life Balance
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    • Career Opportunities
    • No Opinion of CEO

     

    good, but theres better

    Anonymous Employee (Current Employee)

    Prosvery friendly staff depending on your team. excellent benefits, dental, pension, flex hours and work from home, pays for your courses, CFA included. sports reimbursement too.

    Conslow starting salary but made up for with the 1.5xOT hrs for anything over 40 a week, and 2xOT for anything over 50 assuming you dont mind doing the ot, but heck, if you get the work from home to do the OT, why not.

    Advice to Senior Managementall depends on your manager. for the 2 years I worked there I have only met good managers that are really supportive with your career growth that gave good advices. Although there is high turnover, there are times when they were encouraged by the managers to apply for better roles.

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

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    Great learning platform for individuals seeking to acquire thorough understanding of the investment industry

    Senior Manager (Current Employee)

    Pros- Great learning ground
    - Potential to grow exponentially
    - Interaction with multiple facets of teh investment cycle

    Cons- Large organization where things can move fairly slow from a hierarchical stanpoint

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

     

    great place to start working

    Accountant (Current Employee)

    Prosit was a good place to start and good learning experience

    Conslots of restructuring in the accounting department

    Yes, I would recommend this company to a friend

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

     

    Great company to learn about the industry if you are a recent grad

    Derivatives Administrator (Former Employee) Toronto, ON

    Pros1. The wealth of knowledge is there, ask the right questions. Ask at all.
    2. Young staff to build good network for the future
    3. The brand and experience has led to good jobs outside of State Street

    Cons1. Long hours - you'll become more resilient to long hours and high stress.
    2. Low Work Life Balance - your value of time will increase and you'll find ways to waste less of it

    Advice to Senior ManagementNurture your employees. You already know this.

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

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

     

    Good company for career starter

    Senior Accountant (Current Employee) Toronto, ON

    Pros- Good company culture
    - Good benefits
    - Most of people are nice to work with
    - Offer new grads opportunaties to start the career;
    - Good company for career starter

    Cons- Be prepared to work overtime( you get paid for overtime)
    - Salary is relatively low comparing to same position in our companies
    - High turn over due to low salary
    - Can be stressful sometimes due to different deadlines

    Advice to Senior ManagementThe management should engage in employee retentions. The high turn over will hurt the company in the long run.

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Good place to start not to stay

    Anonymous Employee (Current Employee) Toronto, ON

    ProsF l e x i b l e w ork arrangements, relaxed and friendly atmosphere, scope to learn a lot

    ConsSalaries are below the market and HR practices for hiring favor external candidates pay wise, 10% cap on salary increases for internal candidates

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

     

    Happy with my overall experience at State Street bank.

    Anonymous Employee (Former Employee)

    ProsState Street believes that if you are hired for a job, you should be able to do the job. They do not micromanage.

    ConsIf you did not work in the home city of Boston, growth potential was very limited and they tend to treat you as the ugly step-child.

    Advice to Senior ManagementTreat all your employees as professionals.

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

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