State Street Reviews

Updated 16 October, 2014
Updated 16 October, 2014
1,318 Reviews
2.7
1,318 Reviews
Rating Trends

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State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
422 Ratings

Review Highlights

Pros
  • Company has good benefits and is looking to improve work/life balance for employees (in 126 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 61 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 39 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 53 reviews)

More Highlights

240 Employee Reviews Back to all reviews

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  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
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  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.  

    Associate 2

    • 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)

    Pros

    stable, easy tasks, senior management are wll nice, work life balance is good

    Cons

    Not much career advancement, very few promotion opportunities

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Good, but highly bureaucratic

    • 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)

    Pros

    Good work/life balance.
    Competitive base salary and Merit based yearly bonus structure.
    Generous maternity/paternity leave and vacation for higher levels.

    Cons

    Highly bureaucratic and strict adherence to hierarchy.
    Not the place if you are somebody who thinks out of the box and want to do things differently as there are process hurdles.
    Attitude among folks is to get the operational system issues working and get by somehow rather than attacking the core of the issue and devising ways to apply a permanent fix which obviously requires some lateral thinking and more often than not, time pressure to deliver comes in the way.
    Be nice and visible and you will be rewarded well irrespective of the quality of work.

    Recommends
    Positive Outlook
    No opinion of CEO

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