State Street Reviews

Updated 18 April, 2015
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Employee Reviews

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  1. 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)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    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.

  2. Helpful (4)

    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

  3. Helpful (1)

    Never going back

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

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

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

    Pros

    Good people, friendly, no more to say

    Cons

    low pay
    too much work
    little training

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (3)

    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)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    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

  6. Helpful (1)

    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

  7. Helpful (1)

    Worse company to work for

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

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    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 Management

    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.

  8. Helpful (4)

    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 a year)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    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 Management

    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.

  9. Helpful (3)

    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)

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    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.

  10. Helpful (3)

    Financial Reporting

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

    I worked at State Street as an intern

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

    Pros

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

    Cons

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

  11. 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)

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

    Pros

    Good youthful spirit because most staff is relatively young.

    Cons

    High turnover due to low pay and heavy workload.

    Advice to Management

    Company not doing enough to retain top performers.

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