State Street Employee Reviews about "work environment"

Updated Jan 24, 2021

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Found 280 of over 6,640 reviews

3.4
59%
Recommend to a Friend
78%
Approve of CEO
State Street President and CEO Ronald O’Hanley
Ronald O’Hanley
844 Ratings
Pros
  • "Good Benefits, Low work pressure(in 277 reviews)

  • "Enjoyable work environment and experience(in 238 reviews)

  • Cons
  • "Operations staff has to work really long hours(in 247 reviews)

  • "Low salary in comparison to the industry(in 121 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Reviews about "work environment"

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    1. 4.0
      Former Employee, more than 1 year

      Good Work Culture

      Jul 17, 2019 - Pricing Specialist in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work environment is very friendly and supportive with tasks.

      Cons

      Low pay, unusually late hours (12PM - 8PM)

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    2. 3.0
      Current Employee

      Its ok

      Dec 7, 2020 - Senior Fund Accountant in Montreal, QC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good work environment with good health insurance

      Cons

      No feel of fulfillment when you accomplish a tasks

      1 person found this review helpful
    3. 3.0
      Former Intern

      Investment Intern

      Mar 6, 2019 - Anonymous Intern 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people and nice working environment.

      Cons

      Long hours. Good pay for an intern but not so good for full-time.

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    4. 1.0
      Former Employee, more than 1 year

      Worst place to work but great place to claim you work in finance

      Jul 30, 2013 - Pricing in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Relaxed work environment, max 50 hours a week, hour lunches, benefits im told are good. Great place for people to claim they work in finance (it is not, it is mindless button pressing / mouse clicking in the back office with no need for intelligence and no client interaction - and the street knows this). I will however say State Street is a global bank and their front office departments (Global Advisors, Global Markets) are highly regarded in the industry and provide great learning opportunities (and substantially higher pay).

      Cons

      No career advancement opportunities - advice to prospective employees is to not take the job to begin with. Advice to current employees is to get out as soon as you can. The longer you stay at back office, the longer you will stay in back office despite false optimism instilled by management that State Street will provide you with long term career development opportunities - moving within back office isn't career development. Extremely low pay. Almost laughable given people 15-20 years older would make the same $ amount salary in their first jobs out of school - do the math - 3% inflation every year for 15 years...assuming a 40K base for those guys you'd need to be making 62K to "break-even"...not happening at State Street.

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      7 people found this review helpful
    5. 4.0
      Current Employee

      Good Employer

      Jun 8, 2017 -  
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You will work with young and motivated people. The work environment is not very stressful and the benefits are good.

      Cons

      Departments are isolated and communication is inefficient. The pay is below the indsutry average. The standard work week is 40 hours, instead of the standard 37.5 or 35 hours in most companies.

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    6. 4.0
      Current Employee, more than 5 years

      Not bad

      Jul 19, 2016 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      -good work environment -opportunities to advance -management listens to opinions of employees(usually)

      Cons

      -pay could be better although it isn't bad -very difficult to move internationally to other locations (i.e. from Canada location to Boston location of SS)

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    7. 5.0
      Current Intern, less than 1 year

      StateStreet Fund Accounting Intern

      Jul 3, 2017 - Fund Accountant in Montreal, QC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work Environment / Helpful Staff / Open Space / Available resources

      Cons

      It takes time to gain access to software and appropriate resources for job functionality.

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    8. 3.0
      Current Employee, more than 5 years

      Potential based on immediate manager

      Mar 14, 2013 - Manager in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work environment can be comforatble and easy to pick up work experience for new employees that currently find it difficult to find experience in the finance industry

      Cons

      Opportunities may be limited depending on your immediate manager as well as cost cutting measures currently under way

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    9. 4.0
      Former Employee, more than 1 year

      Overall environment

      Jun 2, 2018 - Store Manager in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      good working environment and location

      Cons

      lack of coordination between different departments such as IT and operations

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    10. 4.0
      Current Employee, more than 3 years

      State Street Fund Administration

      Jul 25, 2016 - Manager in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great Work Environment Current with the market

      Cons

      Large and bureaucratic Lot is dependent on team, teams are isolated

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