State Street Employee Reviews
Showing all 2,881 reviews
Indeed featured review
The most useful review selected by Indeed
Pros:-Generous time off-Work from home flexibility even before COVID hitCons:-Very hierarchical and bureaucratic even with layoffs and smaller teams-Poor collaboration across teams, and within them. -High turnover, including some of the few genuinely capable managers getting fed up and going. -No real company culture at all. The company’s leadership is constantly introducing new initiatives that don’t really go anywhere. -Constant cost cutting and threat of layoffs. Don’t expect any pay raise or advancement.
If this company took more of an interest in its employees, compensated them better, provided them with better technology and a more inviting/exciting office culture, the retention rate would be much higher and people would feel proud to work there. Management/employee disconnect is a huge problem there. You feel like just a number, just another cog in the wheel.
Work life balance, work from home, benefits, flexibility
Low pay, zero training, high workload volume year round, outdated technology, poor communication across big company, management disconnected from employee success
Good starter job, but most leave. Expected to work overtime, dont mind that so much with OT pay, but it can get very draining. Will only really hire people when absolutely necessary. Your experience mainly depends on which team you are on. Some teams are great, others not so much.
It was a great company up to 2008 when they started to outsource IT work.I felt well while was with SSB and work was interesting. But in early 2008 they started outsourcing process and I found a new job.
Outsourcing IT work
I am working there as a consultant. so I have no PTO there. I have to log my time to get paid. As I need money too much, so I did not take any PTO and worked every minute I can work to get paid. That is very good feeling to get paid for my work.
A true corporate animal with loyalty firmly allocated to shareholders. Good place to work after college to pocket some experience. Maybe they will support some education (this has probably been cut way back) but don't trust this place and always expect the worst.
decent salary and benefits
truly a soulless corporate creature
No training and job security as the company only invests money to offshore teams. In additional, the morale is very low because the management only care about cutting cost. The only benefit to work for this company is the work from home and vacation policies.
Allow employees to work from home
No job security and on the job training
HR and managers lie to your face about anything and everything including potential pay and bonus. They say they can't put it in writing but you have their word on it. Then they deny saying it. Was told they cannot pay a sign on bonus but that they would give a full bonus at end of year to make up for it. When the bonus is paid it is 10% of what was promised. All the red flags were there from other who said do not take a job at State Street but I ignored the warnings. Don't fall for their elevated job title and promise of high payout for the bonus.
They use people and don't reward you for the work provided.
Work-life balanceWork-life balance at State Street is poorPay & benefitsMy pay and benefits at State Street are poorJob security and advancementIn terms of job security at State Street, I think you have to be a white male.ManagementIn general, managers at State Street are horrible.OverallMy experience working at State Street is not great
your experience can be different at different sections in the company. however, my experience was unsatisfactory.my manager and others worked from home most of the time so i was by myself doing computer work all day aside from internship meetings we did.-i did not appreciate this as i expected my manager to be like a mentor & i did not have a relationship at all with them.-i didnt learn much about what people do in the company
long lunch break, good compensation
working on a computer all day makes you feel robotic
Terrible management and no support to back youThere is no work / life balanceNo respect and felt discriminated due to my race Poor IT, took me up to a month to have my account and all relevant softwares and email set up whilst I was on-boarded there.As a manager whilst you are doing your managerial tasks, but also work alongside your colleagues and team furthermore, I was also trying to manage the IT systems for interns and new comers in my team which took chunk of my time. Amidst of highly pressured and tight deadline job, you are also expected to complete online courses which HR and Compliance will pressurise you to complete it.
Nothing good to say
Long hours, no work and life balance, terrible management, no support
OverallI had been working as a client service agent. I learned a lot of things. State Street is a big company. A great place to learn new things. So, I really enjoyed.
Official response from State Street7 December 2020
Thank you for sharing your internship experience – it seems you had a good time, and what is most important you were able to learn a lot. We try to make sure that each person that joins us for an internship or development program make the most of it especially when it comes to upskilling. Apart from wealth of traditional training, being a part of a leading global financial institution is an experience that compares to none when you are starting your career.Good luck with next steps in your career.Andriy, Campus Recruitment
I've worked in many Custodian Investment Banks and Asset management companies and have regarded State Street very highly due to it's great working culture and relatable management. If can get busy, but there is a good understanding amongst many senior staff and was looking as you're putting in an effort, you will be appreciated
Work culture and work life balance
Can have bad days, systems issues are a plenty
Official response from State Street7 December 2020
We appreciate your feedback. Working in bustling client operations environment must have been an exciting opportunity. It is comforting to hear that you and your colleagues felt recognized and rewarded for your hard work. We make all efforts so that our employees feel included and appreciated across all businesses and locations.Anna, Global Human Resources