State Street

www.statestreet.com

State Street Reviews

Updated 27 January, 2015
Updated 27 January, 2015
1,438 Reviews
2.8
1,438 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
466 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Fund Accountant

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

    I have been working at State Street

    Pros

    Great people to work with

    Cons

    Pay isn't very good, should be spread out.

    Advice to ManagementAdvice

    Needs to stop hiring new people and instead increase the salary of current experienced employees

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Business Analyst (Contract)

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

    I worked at State Street as a contractor (less than a year)

    Pros

    Multinational company with excellent access and communication portal within the company to further collaboration globally.

    Cons

    Permanent Salary should be more competitive

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Market leader in its sector, however long hours, staff engagement fairly low

    • 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

    Market leader in its sector, invests in technology and people

    Cons

    Long hours, staff engagement very low, focus is on cost cutting, not necessarily on quality of service

    Doesn't Recommend
    Neutral Outlook
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    all in all not bad

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

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

    Pros

    good people to work for and strong managment

    Cons

    after consistently overachieving, only received luke warm reviews

    Advice to ManagementAdvice

    pay more

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Poor Long-Term Potential

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Pricing Specialist in Toronto, ON
    Current Employee - Pricing Specialist in Toronto, ON

    I have been working at State Street

    Pros

    - opportunities to learn (particularly improve upon Excel skills)
    - good coworkers
    - appealing company name on resume
    - good place to get entry-level experience

    Cons

    - poor long-term potential
    - below average pay
    - more of a stepping stone job than a career (IMO)

    Doesn't Recommend
    Positive Outlook
  7.  

    N/A

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

    I worked at State Street

    Pros

    Location, people were very nice and big company so I am sure you will get to meet someone that has similar interests, 9-5

    Cons

    pay was very poor, not comparable to industry, high turnover

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Investment Accountant

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

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

    Pros

    Big company with many international branches.

    Cons

    Below average compensation, Little to no opportunity for growth and development, High employee turn over rate, constant business remodelling.

    Doesn't Recommend
    Neutral Outlook
  9. 4 people found this helpful  

    Sinking ship

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Good employees, educated and ambitious

    Cons

    Poor policy on talent retention, low compensation and too specialized work that can make you not relevant to other employers

  10. 1 person found this helpful  

    Never going back

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

    I worked at State Street as an intern (less than a year)

    Pros

    Good people, friendly, no more to say

    Cons

    low pay
    too much work
    little training

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 3 people found this helpful  

    Good ops, bad company

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

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

    Pros

    Given the turnover, lots of opps to move up in a short time.

    Cons

    Lots of turnover, constantly understaffed, underpaid, and over worked.
    Incompetant senior management, who cant lead/properly communicate with employees
    underpaid by 20-50% for same positions elsewhere

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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