State Street
2.8 of 5 1,019 reviews
www.statestreet.com Boston, MA 5000+ Employees

State Street Reviews

Updated Apr 22, 2014
All Employees Current Employees Only

2.8 1,019 reviews

                             

52% Approve of the CEO

State Street President and CEO Joseph L Hooley

Joseph L Hooley

(329 ratings)

41% of employees recommend this company to a friend
194 Employee Reviews Back to all reviews
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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

I have been working at State Street part-time for more than a year

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

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good, but theres better

Anonymous Employee (Current Employee)

I have been working at State Street full-time

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 place to start working

Accountant (Current Employee)

I have been working at State Street full-time for more than a year

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

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

Derivatives Administrator (Former Employee)
Toronto, ON

I worked at State Street full-time for more than a year

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

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Good company for career starter

Senior Accountant (Current Employee)
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 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

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1 person found this helpful  

Good place to start not to stay

Anonymous Employee (Current Employee)
Toronto, ON

I have been working at State Street

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

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Tax Analyst

Tax Analyst (Current Employee)
Boston, MA (US)

I have been working at State Street full-time for more than 3 years

ProsLots of opportunities to move within company and lots of flexibility

ConsPay and Total Compensation is low

Yes, I would recommend this company to a friend

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Opportunities to learn and get ahead

Anonymous Employee (Former Employee)
Sydney (Australia)

I worked at State Street full-time

ProsVariety of challenges, excellent systems and commitment to technology investments

Conscomparatively lower salaries than competitors

Advice to Senior Managementembrace diversity

Yes, I would recommend this company to a friend

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State Street is a performance based company that promotes the hardest workers

First Line Manager (Former Employee)

I worked at State Street full-time for more than 8 years

ProsThe best part of working for State Street is the managers are almost always people who not only excel at their job but are excellent with people skills. They try to get the most out of all of the talent that they have, by being accommodating to their employees.

ConsThe biggest con for State Street is that they do not have competitive salaries. The rest of the industry pays not just better, but generally much better than State Street.

Advice to Senior ManagementAdvice for upper management would be to work with HR to create more defined carreer paths for employees that demonstrate excellence in their job. Also to increase the pay in general, they lose a lot of good employees to competiors for simple financial reasons.

Yes, I would recommend this company to a friend

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Administrative Assistant

Anonymous Employee (Current Employee)

I have been working at State Street

ProsEveryone is helpful. Can ask anyone a question no matter what their title is and they would help. Team players

ConsNone so far. Everyone is just nice! From the maintenance worker to the top boss everyone is nice

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State Street – Why Work for Us?

At State Street, we know that smart, skilled, productive employees are essential to our company’s continued success. As a leading provider of financial services, with operations in 27 countries and more than… Full Overview

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