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
1,019 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Company has good benefits and is looking to improve work/life balance for employees"
    in 96 reviews
  • "The only one I can think of is the ability to work from home"
    in 46 reviews
Cons:
  • "Find the wrong group and you can kiss work/life balance out the window"
    in 30 reviews
  • "so many entry level workers it seems very hard to be recognized and no chance of promotion or raise until 1"
    in 38 reviews
  • Show more review highlights

Reviews

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  • Approves of CEO

 

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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2 people found this helpful  

IF YOU BOTHER - start working on getting out right away

Anonymous Employee (Former Employee)
Toronto, ON

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

ProsGood benefits especially dental, company pays 6% into your pension if you are f/t

ConsManagement (Rats) corrupted, micro- managed,
DO NOT BELIEVE A SINGLE WORD - they are pure snakes.
They bring on only their own ... they pretend... they lie....
You are either under them or against them.... If I was senior VP,
I'd fire all of them.

Advice to Senior ManagementNo advice - you have crossed all boundaries ...
You will be let go eventually and disrespected by your own bosses....
This place is very toxic.......

No, I would not recommend this company to a friend

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Good job for fresh grads

Investment Accountant (Former Employee)
Toronto, ON

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

ProsIt is a very good place to start your career as you get to learn and network with many other fresh grads.

If you are willing to stay and do your time, you will surely be promoted to senior roles within your team. Managers and peers are nice people and nice to work with. Management is approachable.

Company has good benefits and is looking to improve work/life balance for employees.

ConsLong hours coupled with low compensation = high turnover.

When I worked at State Street, overtime was a common occurrence which lead to a very bad work/life balance as the hours were already weird enough, starting at 10am and having the day end at 7pm (supposedly).

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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Good

Anonymous Employee (Current Employee)

I have been working at State Street as an intern

ProsGood experience, working on direct industry statements. Excellent environment to work in.

ConsOnly offer summer intern positions. Year long positions would be nice.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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A good start but there is better

Senior Client Service Officer (Former Employee)
Toronto, ON

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

Prosnice coworkers, easy job, 9 - 5, hard to get fired

Consno perks, lazy coworkers/management, low pay relative to industry

Advice to Senior Managementpay more

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neutral

Anonymous Employee (Current Employee)

I have been working at State Street

ProsThe could be learning opportunity

ConsThe pay is well below market

No, I would not recommend this company to a friend

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Nice people, good culture, but boring work

Anonymous Employee (Current Employee)

I have been working at State Street full-time

Prosgood platform to enter the industry, nice culture and community activities

Conslong hours, too much operational work, not so many bright people that can inspire you

Advice to Senior Managementshould re-shape the business strategy, big gaps between the sales force and teams who're doing the actual work

No, I would not recommend this company to a friend

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2 people found this helpful  

Work here if you want to lose faith in yourself

Anonymous Employee (Current Employee)

I have been working at State Street full-time

ProsThe only good thing about this company, is the benefits. Other than that, nothing.

ConsWhere to begin. IFS is worse than high school, if one manager doesn't like you, no manager in the company will - they will make sure of it. They delve into every part of your personal life and spread rumours just like teenage girls. They do not promote, when they do, it's nepotistic and favouritism that moves people up. They employ the most low-class and incompetent people to be managers. I can hardly understand my manager, and they've been in the country for decades! There is no transparency, you can be told you're doing well and then out of nowhere get a bad review. No matter how hard you work, it will go unnoticed, no matter how well you work, it will never be good enough. If you do go that extra mile, management doesn't want to know or hear about it. Come work here if you like to be micro-managed, reminded of your tasks on a constant basis, and be humiliated.

Advice to Senior ManagementStop micro-managing...if you don't trust the people working for you, fire them. Grow a spine and come to your own conclusions about employees; stop allowing the spineless and mentally deranged managers tell you what to think of your employees.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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not that great

Anonymous Employee (Current Employee)

I have been working at State Street full-time

Prospeople are great and fun to be around

Conswork is not challenging and hours are terrible

No, I would not recommend this company to a friend

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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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