State Street

  www.statestreet.com
  www.statestreet.com

State Street Reviews

Updated 26 November, 2014
Updated 26 November, 2014
1,357 Reviews
2.7
1,357 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
440 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.  

    Good job for fresh grads

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

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

    Pros

    It 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.

    Cons

    Long 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).

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  2.  

    Good

    • 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 as an intern

    Pros

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

    Cons

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

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    A good start but there is better

    Former Employee - Senior Client Service Officer in Toronto, ON
    Former Employee - Senior Client Service Officer in Toronto, ON

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

    Pros

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

    Cons

    no perks, lazy coworkers/management, low pay relative to industry

    Advice to ManagementAdvice

    pay more

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


  5.  

    neutral

    • 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

    The could be learning opportunity

    Cons

    The pay is well below market

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 4 people found this helpful  

    Work here if you want to lose faith in yourself

    • 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

    Pros

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

    Cons

    Where 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 ManagementAdvice

    Stop 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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Nice people, good culture, but boring work

    • 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

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    should re-shape the business strategy, big gaps between the sales force and teams who're doing the actual work

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    not that great

    • 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

    Pros

    people are great and fun to be around

    Cons

    work is not challenging and hours are terrible

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    ok ok sfssdfsadok stastfsdfsdfasdfsdsdfst

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

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

    Pros

    meet people, good entry level position

    Cons

    long hours, repetitive work, lower pay

  10. 2 people found this helpful  

    Waste of time

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

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

    Pros

    Great people and culture, flexible hours, good entry level job, benefits are pretty good and will pay for your education

    Cons

    Low pay, no opportunities for growth, very political - if you stay long enough, you'll get a promotion. if you see no opportunities for growth after 1-2 years, leave!

    Advice to ManagementAdvice

    n/a

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Legal Intern

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

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

    Pros

    the job allowed for alot of autonomy but very little direction and even less training, very little down time, unrealistic goals

    Cons

    very repetitive work, never had proper training, very poorly managed, authoritative management style, and overall one of my worst working experiences

    Advice to ManagementAdvice

    have more fulfilling jobs, better training, improve culture

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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