State Street Employer Reviews

Input data into system
Closing funds on monthly basis
Micro Management
Friendly co workers(for the most part)

If you like to work 80 hours a week. If you like to work until midnight consistently or if you like to work weekends also this is the place for you.

Awful merit increases for working crazy hours and zero work/life balance.

VP's and SVP's have no clue what is going on nor do they care! They just want to work done and don't care how you figure out how – more...  to get it all done.

The Financial Reporting Department within their shared services as most poorly run department I have ever seen! Not one day went by where there was not multiple fires that needed to be put out.

High stress company and department where the burn out rate is exteremly high. In the time I was there there was 25 people that quit. And most quit without another job. That's bad.

My advice is stay away......far away! – less

This would be my first experience working for a large corporation. Work is very repetitive but gives a great opportunity to set your foot through the door. Co-workers are fairly young and easy to get along with. Hardest part of the job is getting the recon finished before noon. Everyday has something new to look forward too.

Very micro managed.
A lot of the work is being outsourced to India, so if you like doing nothing all day then this is perfect.

I started at State Street IT in the late 1990's. In those days State Street was an excellent company to work for. The company seemed to value employees, rightly so, as stakeholders. There was a loyalty to the company from the employees which I thought was really nice.

However, after the big Y2K conversions, starting in about 2002 it became apparent – more...  that the company began to view IT payroll only as an expense. Almost as a burden to the company. In the past it was that State Street was a finance company and their competitive advantage was its IT and services that set them apart as a world leader.

Now, sadly enough, the days of company valued employees and company loyalty are long gone at State Street. Many of the IT jobs are being "SOLD" overseas to the lowest bidder. Gone are the employees-US born, local Bostonians, that built the company from the ground up for decades and decades.

State Street will continue to boast about its rich history in Boston for over 100 years and its commitment to its employees from face #1. However, from its face #2, the company continues to cut benefits to existing employees and sell jobs overseas. – less

The pay might not be all that attractive at first, but this is long-term commitment. You will gain the knowledge you need to move up in the ranks, move to a company with better pay incentive, or go to graduate school. Excellent culture and fun environment.

A good place to get started for those interested in Accounting. High turnover at lower levels makes it relatively easy to move up from Associate 1 to 2 and even the Senior level. Manager turnover is much lower, so it will take longer to reach that level. The work is being increasingly simplified and becoming more basic, so it is becoming tougher to – more...  continually learn on the job. Obviously affected by the economic downturn, there have been a number of layoffs recently, but the high turnover levels keep them in a position to hire. – less

Followed fraud prevention and security procedures; assisted other associates as needed; promoted consumer services and products
Efficiently assisted customers with daily transactions including checking and savings accounts, certificates of deposit, wire transfers, money orders, official bank checks and other banking needs.
Processed daily ATM deposits – more...  and input datas into system
Resolved basic service issues and referred to appropriate associate to guarantee customer satisfaction and retention
Bank Reconciliation, other general accounting tasks as requested
Learned to create sales and to communicate with customers on the daily basis to maintain a strong client relationship for future referral.
I'm always up for a new project or challenge and that was the most enjoyable part of any job – less

Decent place if you want to grow in your initial career years and have big name on your resume.

A great place to start your career and good management skills by the seniors that always help you advance in your interest of field.

I started this job after high school and was willing to work with me in any way I needed.

Long hours
Bad payee
No qualifications required
high turn over ratio

The best thing about my career at State Street was the professional relationships that I developed with my co-workers. I felt like part of a team, not just with my direct group but with all of those that were around my age. However, I felt that management did not do what was necessary to advance the careers of us associates. It was more like they were – more...  willing to let the good workers go then see them advance and compete for management positions. Instead of managers doing better work, they would impede the advanacement of the associates below them. I did only work in the transfer agency, so I can only speak for that department. The experience I gained was mediocre. I wish I had only stayed at the company for 2 years at most. – less

There is no typical day at work. It is challenging and my day just depends on what problems occur.

I have worked here going on five years now and am grateful for the entry level position as well as multiple promotions that I have received in the years since. Having said that it is an extremely large company where it is difficult to get recognized.

* In State street,the user is the focus or concentration and delivering
the user the right product and need is the goal
* I have learnt a lot of processes and practices and formulated a few
too
* Enjoyable Environment to work and amicable workforce
* Interesting part is the direct interaction with the users
* Work would include preparing all test artifacts,reviewing – more...  those with
users and tweaking those based on their need – less

Once you think you have found a career at State Street they get rid of you. There is no job security and once you are gone they are as unhelpful as when you are there. The HR department is no there to help the employee but to cover Statestreet only.

Great company to start career. Co workers are great. Accommodating to work/life balance.

Great company to enter financial services. Good opportunity for advancement within group.

Worst place to work of all time, terrible people, terrible organization you name it . .