State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews

Updated 17 December, 2014
Updated 17 December, 2014
1,387 Reviews
2.8
1,387 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
450 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.  

    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
  2.  

    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 an 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
  3.  

    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
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  5.  

    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
  6. 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

  7. 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
  8. 1 person found this helpful  

    don't even think about it

    • 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

    Pros

    Lots of work, don't want you to stay for OT

    Cons

    Too much unnecessarily courses to take

  9. 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 an 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
  10. 1 person found this helpful  

    Worse company to work for

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

    I have been working at State Street as an intern (less than an year)

    Pros

    Some people were great to work with. Good location. Gain some knowledge.

    Cons

    No training. Upper management expects you to know everything even though they don't make the effort of training you. High turnover rate because of low pay and poor upper management who abuses their power. Long hours because upper management spends their day doing nothing other than complain about other employees. There are no career advancement since no one moves up so everyone ends up leaving.

    Advice to ManagementAdvice

    Just stay away from here. Regretted my decision for taking this job. Just waiting for my contract to end so I can get out of here.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. 4 people found this helpful  

    Be prepared for an bumpy, uncomfortable ride

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

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

    Pros

    The benefits - health, dental, volunteer days, etc.
    Excellent work location in downtown T.O. - close to everything
    Very modern office environment

    Cons

    Work is very mundane with poor training to get you started
    Management (at least in my case) can be absolutely awful. They are there only (ONLY!!!!) to correct your mistakes and point out your flaws if you make a mistake. They do not care one iota about your professional development.
    No overtime pay ( and you will find yourself working many overtime hours for free to finish)

    Advice to ManagementAdvice

    Make it your job to not only get the job done, BUT also keep your team engaged, interested, and most importantly, wanting to work for you.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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