State Street Reviews

Updated Jul 13, 2020

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3.1
48%
Recommend to a Friend
60%
Approve of CEO
State Street President and CEO Ronald O’Hanley
Ronald O’Hanley
319 Ratings
Pros
  • "Good Benefits, Low work pressure(in 258 reviews)

  • "Great culture and the work environment really depends on the team you work with(in 219 reviews)

Cons
  • "Operations staff has to work really long hours(in 230 reviews)

  • "low salary comparing other companies(in 111 reviews)

More Pros and Cons
  1. "Regulatory Reporting AxiomSL Developer"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Axiom Developer 
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good Benefits, Low work pressure

    Cons

    Outdated Technology usage in most of the teams

  2. "Bad management, low morale & high turnover"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Pricing Specialist in Toronto, ON
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at State Street full-time for more than a year

    Pros

    Decent first job, gives you a glimpse of the industry

    Cons

    Terrible hours, pay and morale, people leaving every month

    Continue reading
  3. "Great people, underpaid"

    3.0
    Former Employee - Client Services Manager in Toronto, ON

    I worked at State Street full-time

    Pros

    Great people, good worklife balance, work from home available

    Cons

    Underpaid, departments do not communicate well. Senior management oblivious of issues

  4. COVID-19

    "Negative experience"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Analyst 
    Doesn't Recommend
    Negative Outlook

    I have been working at State Street full-time for less than a year

    Pros

    Colleagues are great people. Good response to covid

    Cons

    You will be overworked and underpaid. Higher mgt refuses to hire more. Little coverage for people. You will burn out. You can work at most 14 hours, sometime even with little break

    Continue reading

    State Street Response

    May 26, 2020Brand Manager

    Thank you for your review on State Street. We take feedback like this seriously and will investigate your concern. We would encourage you to contact your local Employee Relations consultant to raise this feedback if you have not already done so, alternatively you can raise anonymously through the Speak Up line.

  5. "Lost Company"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Client Delivery 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at State Street full-time

    Pros

    They will hire you out of university. For this I am truly thankful.

    Cons

    I honestly don't know where to begin with this place. I have never seen a business fall so far and so fast in such a short period of time.

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  6. "Good to start your career but NOT to build you career"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Associate II in Montreal, QC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good benefit, health, dental, 3 weeks pro rated vacations and pension plan after a year of service. Work from home available and nice office free coffee and tea. If you are a fresh graduate with almost no experience, this is the way to start your career.

    Cons

    Long hours 40h/week, low paid, overtime always requires, no room for you to move up unless you are very close with the managers so they can pick you to move up. State Street is for you to learn and quit. I would say in a general speaking: 1 year associate 1, another year as associate 2. If you are lucky another year or 2 of associate 3 then there's the Officer level. If you are not lucky enough to be moved to A3, you will stay A2 for a long period. Don't be loyal, keep searching opportunity around, there will be a better job for you for sure.

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  7. "Big name but not much development"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Business Analyst 
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at State Street full-time

    Pros

    Big names, internal mobility is ok, you get to WFH a lot(but also depends on your manager)

    Cons

    promotion is hard considering the size of the company (I am talking about in general, not specific case), Very unfriendly to H1B people, Low compensation

  8. "Corporate Actions Analyst Review Work"

    1.0
    Current Employee - Corporate Actions Analyst 

    I have been working at State Street full-time

    Pros

    Young people as work colleagues

    Cons

    Overworked and underpaid for the work done

  9. "Run away"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Doesn't Recommend
    Negative Outlook

    I have been working at State Street

    Pros

    Work from home, good vacation policy, ok dental insurance.

    Cons

    Pretty much everything else. - extremely low pay - no growth, both in terms of career opportunities and pay - don’t care about their employees at all - rude and unhelpful HR - toxic culture. People gossiping in the office all day.

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  10. "Terrible management, zero growth"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Investor Relations in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    -Add some skills to your resume -Discounted Goodlife membership

    Cons

    -No growth -Management doesn't know what they are doing -No training -No work/life balance

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