State Street Bank Employer Reviews

Great way to get into the investment services industry. Learning opportunities are available as long as you are willing to put in the effort.

basically slave labor. low pay, long hours, no advancement. If you get a job offer run don't walk away from the opportunity

Good stable company to work for. Employees are happy.
Company offers advancement.

Nice place to work, great people however compensation is not up to par.

Compensation is low, but they try to make it up with a flexible benefit package but even that isn't what it was a few years ago. Seems like they are always firing people, so not a lot of job security especially for a woman.

Good place to work
Learnt a lot
Friendly/helping team
Willing to work again

A typical day in the client representative role consists of researching and answering inquiries from clients about their portfolios as well as putting together daily reports for AVPs and clients and doing ad hoc projects as they come up. I learned that working in the finance sector is not as secure as rumors had indicated. From year to year, State Street – more... is in a perpetual state of flux, acquiring other companies or outsourcing. Constant changes—and constant instability, I would argue—jeopardizes job security with layoffs. Employees are fearful of losing their jobs from quarter to quarter and often do. Management, on the whole, is sub par. Officers and AVPs are more preoccupied with placing blame with their employees than with finding ways to motivate their employees and make them feel valued. Promises of career advancement are tenuous at best. The strongest connections are made with co-workers, who are also cogs in the wheel. Experience at State Street should be limited to two years for initial exposure in the financial sector. Afterwards, it is best to move on to more professional and serious companies that offer competitive compensation and work/life balance. – less

I had the chance to be accepted for an internship in State Street Bank within the middle office department. This experience was very enriching in the way that I was able to perform complicated operations and became totally proficient on Bloomberg and Excel.
Despite my intern position I had several responsibilities and has been able to manage and operate – more... as a middle office agent.
the team was very helpful and allowed me to learn and improve my skills. – less

This was a great company to work for. They train you on everything you need to know. The work can get a little repetitive, but it's worth your time and effort because they have a lot to offer in benefits.

Working at State Street was a rewarding experience. I learned a lot about SQL and about the core business of the clients.

Typical Day- Waited on management to decide what diection they wanted to take, as nobody could decide.

What I have learned- Leaving a lower paying job is not always a better trade off.

Co-Workers- Communication was poor within the team. Nobody liked sharing information as I feel they felt it would make them less valuable.

Hardest Part of Job- Adapting – more... to a culture where you fee like you are not value added.

Most Enjoyable- Location – less

A typical day at work included dealing with our clients and brokers to ensure trades were being affirmed and settled correctly.

I learned a lot about the back office/middle office support that clients recieve in order to run their businesses successfully.

Management and co-workers were great here and very understanding. Everyone got along which boosted – more... the morale of the group.

The hardest part of the job was dealing with system limitations as trade volumes constantly increased. This was more of a system issue as we were in the process of transitioning into a new system.

The most enjoyable part of the job was the daily interaction I had with the client, brokers, and co-workers. I was able to learn a lot that I could bring with me to my future job. – less

This was a great job that paid well and had full benefits. They train you very well so don't worry if you don't have a background in finance. The job is very easy and the only important thing is your attention to detail. placing a decimal in the wrong spot could potentially mean the difference between thousands and millions of dollars. The job was straight – more... forward. A far as advancement, it depends on the group you're in. There is the potential to move very quickly to management, or you could be stuck in a senior position for a while. – less

Generally people will not acknowledge you when you walk into the office. You just sit at your desk and start plugging away at the daily work. I learned how to succeed in the operations field as well as the accounting field in 5 years. You may or may not have a micro-manager. You may or may not have a manager that actually cares about you and your career. – more... The hardest part of the job is making sure everything is processed by deadline. The most enjoyable part of the job is that you can learn as much (or as little) as you want. – less

What I enjoyed doing at State Street was the daily processing of mutual fund accounting and the willingness to learn new processes and being able to take on new challenges. I was selected to work on the consolidation effort with State Street and their acquisition of Investors Bank & Trust and was an integral member of my team and worked on numerous – more... client system conversions including a 4 month project in Sacramento California. – less

State is a good company to work for but it's mostly kids straight out of college. There is a extremely high turnover rate. The average college student stays a couple of years. The promotion potential is very low, you only get promoted if you are friends with management.

Opportunity for advancement in career can come quickly if tasks are picked up on. Culture and involvement with the community are top notch.

Great company to belong too, but its good to get you experience and find something with better pay...many people leave for the compensation..The people and managers are laid back and great in the Kansas City office, often go and have beers with management after work!! Statestreet is always having fun activites during business hours. Like Ice cream socials, – more... Bar-B-Ques, dodgeball tournaments etc...However while having fun you also have to WORK HARD!!! I love this company and the environment, but I don't plan to live check to check all my life, or work two jobs like most of the employees! – less

My ex manager once said that State Street is like a factory with mass employment, You move up if you know someone with higher rank from AVP upwards and it does not matter if you know the job or not because they know how to shield or protect you. If you need the experience or you have no choice, it's good place to start, I was always past for promotion, – more... fy202 at yahoo dot com – less

I logged in to all systems, did my everyday work and was encouraged to "learn more." If you can work at home, they can outsource your job to India. Co-workers and management were kind and helpful. The hardest part of the job was processing my accounts on both the Putnam systems and the State Street Corporation for conversion but working with my co-workers – more... made it bearable. – less