State Street Reviews

Updated 28 October, 2014
Updated 28 October, 2014
1,324 Reviews
2.7
1,324 Reviews
Rating Trends

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

Review Highlights

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 128 reviews)

  • Many employees can work from home a few days a week if their responsibilities allow them to (in 62 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 55 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Overall it's a good first job out of college.

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

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

    Pros

    Good youthful spirit because most staff is relatively young.

    Cons

    High turnover due to low pay and heavy workload.

    Advice to ManagementAdvice

    Company not doing enough to retain top performers.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 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
  3. 1 person 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
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    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

  6.  

    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
  7. 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
  8. 3 people found this helpful  

    Good first job, but don't stay too long

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

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

    Pros

    Good benefits, decent flexible work arrangements, recognition programs are alright when they are actually used.

    Cons

    The pay is terrible, way below industry average, and you are usually expected to work long hours. Being a US company, I find there is little room for growth in Canada. Being a US company, I find there is little room for growth in Canada.

    Doesn't Recommend
    No opinion of CEO
  9. 2 people found this helpful  

    Financial Reporting

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

    I worked at State Street as an intern

    Pros

    -High hourly pay
    -Pays overtime
    -Good people to work with

    Cons

    -Terrible work culture
    -Terrible management
    -Terrible work and life balance

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Worst and most uncomfortable experience I have ever had

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Benefit plan, great stepping stone to the industry, lots of experience due to shortage of staff, overtime pay, lots of non job related training.

    Cons

    Management tends to make decisions without consider the consequences. Lay off staff even during time it was lack of people. Had to threaten to sue the company in order to get the proper overtime pay which was stated in the contract. As long as you are not a manager or with the right manager, you will be preparing and checking the work on your own. Constantly having work load of 4-5 ppl and they don't expect you to put overtime to finish extra work. The so called "help" is to ask what you are doing and keep on telling you that you can do it as long as you finish it in much quicker than normal time

    Advice to ManagementAdvice

    Get rid of the department management because they are the ones that preventing the growth of the company.

  11. 1 person found this helpful  

    Officer in Global Operations

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

    I have been working at State Street full-time (more than 5 years)

    Pros

    This bank has an incredible skill of hiring people you enjoy working with. Have had very few interactions which weren't positive. This company also has a flexible work plan, which allows for flexible work time, or more time spent working from home.

    Cons

    Actual salary compensation is well below industry average. Though everyone enjoys everyone's company, most are regularly looking elsewhere for employment as a result of being paid below market.
    Another major con is this bank does very specific work, and trains you to only be qualified to work at this bank.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

Work at State Street? Share Your Experiences

State Street

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.