State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews

Updated 16 December, 2014
Updated 16 December, 2014
1,383 Reviews
2.8
1,383 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
447 Ratings

Review Highlights

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 Highlights

257 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Fund accounting Administrator

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accounting Administrator Associate II in Montreal, QC
    Current Employee - Fund Accounting Administrator Associate II in Montreal, QC

    I have been working at State Street full-time

    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.

    Cons

    You 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 ManagementAdvice

    Keep going. You guys creat a great working environment !

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Administrator, Associate I in Toronto, ON
    Current Employee - Fund Administrator, Associate I in Toronto, ON

    I have been working at State Street part-time (more than an year)

    Pros

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

    Cons

    Should 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 ManagementAdvice

    Eliminate 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.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    good, but theres better

    • 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

    Pros

    very 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.

    Cons

    low 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 ManagementAdvice

    all 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.

    Recommends
    Positive Outlook
    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    I have been working at State Street full-time

    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

  6.  

    great place to start working

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

    I have been working at State Street full-time (more than an year)

    Pros

    it was a good place to start and good learning experience

    Cons

    lots of restructuring in the accounting department

    Recommends
  7.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Derivatives Administrator in Toronto, ON
    Former Employee - Derivatives Administrator in Toronto, ON

    I worked at State Street full-time (more than an year)

    Pros

    1. 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

    Cons

    1. 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 ManagementAdvice

    Nurture your employees. You already know this.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Good company for career starter

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Accountant in Toronto, ON
    Current Employee - Senior Accountant in Toronto, ON

    I have been working at State Street

    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 ManagementAdvice

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

    Recommends
    No opinion of CEO
  9. 1 person found this helpful  

    Good place to start not to stay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Toronto, ON
    Current Employee - Anonymous Employee in Toronto, ON

    I have been working at State Street

    Pros

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

    Cons

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

    No opinion of CEO
  10.  

    Good for as the first professional experience in corporate world

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant in Kraków (Poland)
    Current Employee - Fund Accountant in Kraków (Poland)

    I have been working at State Street full-time (more than an year)

    Pros

    Communicatoion with donor side on daily basis, possibilty to learn a lot

    Cons

    Repetetive job depending on a position

    Recommends
    Positive Outlook
  11.  

    Fund Accountant Associate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant, Associate I in Cape Town (South Africa)
    Current Employee - Fund Accountant, Associate I in Cape Town (South Africa)

    I have been working at State Street full-time (less than an year)

    Pros

    sufficient training. allows you to work with knowledgeable people and that is very useful when you are starting out.
    overall a good career start

    Cons

    the pay is not that high but you can live with it. the hours are a bit awkward but you get used to it.

    Recommends
    Positive Outlook
    Approves of CEO

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