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312 reviews

State Street Employer Reviews

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Portfolio Accountant
Portfolio Accountant (Former Employee), Boston, MAJanuary 3, 2014
Portfolio Accountant
 Managed corporate clients’ pension funds
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do more with less
Assistant Vice President (Current Employee), North Quincy, MAJanuary 1, 2014
Pros: free lunch ands free parking
Cons: low pay and long hours little training
answer emails from other groups who don't know their own jobs
listen to a manager who says get it done but has no idea how to do it or could not process the amount of work the staff does
offshoring may save money but it eroded the knowledge base and now everyone is pointing finders at each of and no one knows how to correct the issue
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High stress with monetary committments to complete for clients in timely manner.
Senior Benefit Analyst (promotion) (Former Employee), Jacksonville, FLDecember 31, 2013
Pros: great location to my home
Cons: ot was necessary, though i didn't mind working it.
I would take care of high profile customers accounts with procission and enthusiasm. I processed over 300K checks monthly. I ran excep spreadsheet reports to account for this money down to the penny. There was never an over or shortage.

The co workers were great, but the hardest part was managements inability to address employees concerns. They did – more... not see the value in those under them, who found a faster approach to reaching our customer's leads and instead, it left associates like myself like my hands were tied.

The most enjoyable part was finishing each check run, in balance and without error. – less
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Good place to learn
Officer, Client Operations (Current Employee), Boston, MADecember 30, 2013
Small groups require all levels to learn tasks to be able to cover and advance in the group.
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Fun & nice people
IT Help Desk (Former Employee), Quincy, MADecember 20, 2013
I learned how to troubleshoot for IT department. And work on account for large companys
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Comfortable place to work, however work becomes boring an repetitive. an
Transfer Agency Specialist (Former Employee), Dublin, CADecember 13, 2013
Days often follow a similar pattern and can become boring an repetitive after a number of months. Days usually consisted of dealing with large number of queries from both investors and the client throughout the day as well as booking investor trades and paying invoices of behalf of the fund.

Immediate co-workers were very nice to work however non immediate – more... co workers were very distant and did not interact much unless it was related to work. – less
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Great Company to work for
Senior Administrative Assistant - IT Department (Former Employee), Plainsboro, NJDecember 13, 2013
Pros: i was promoted in 3 months
Cons: i was unforunately laid off
General Administrative duties, keeping track of attendance, ordering office supplies. Everyone was fun to work with.
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Coworkers that are encouraging
Associate Two Recon Team (Current Employee), Boston, MADecember 6, 2013
Flexible work environment that allows you to work from home.
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Productive Student Driven Work Environment
Global Screening and Processing Analyst (Current Employee), Amherst, MADecember 1, 2013
Pros: opportunities for extra responsibility, flexible hours, positive atmosphere
Cons: management changes, high turnover rate, inconsistent management decisions
Our office consists of mainly of college students who screen and process trades that our clients send in on a daily basis. We regularly perform callbacks with our clients when they send through high risk transactions, in order to verify the large transactions. Our workspace is an open environments that encourages cooperation between coworkers and management – more... in order to clear up points of confusion on difficult trade tickets. One of the more difficult aspects of my job, but also the most rewarding, is dealing with never before seen tickets when management is absent. I really enjoy communicating with our clients on callbacks as well as leading a team of workers and serving as their "go-to" if they have any immediate difficulties with their tickets. – less
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Plenty of opportunities, but....
Assistant Vice President (Former Employee), Quincy, MANovember 27, 2013
In an effort to cut costs, the company had decided to go with part-timers and interns to provide services to clients well above their capabilities. Seemed like a great idea 3 years ago because you'd be able to get 2 PTs as opposed to 1 FT employee... but proving to be quite the opposite. Virtually every responsibility, from entry level position to AVP – more... gets put on the Manager's/AVPs desks. There is zero competency at the processing level and no real desire to stay with the company. In the last 2 years, my group of 30 positions has been occupied by almost 50 different employees. Its a never ending cycle at this company and they have no desire to change that trend. To make matters worse, when an employee did leave, it was rare that a replacement was approved for your team. Senior management often decided that there was a "bigger" problem elsewhere and that req was moved. – less
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Solid foundation in financial services
Mutual Fund Accountant (Former Employee), Quincy, MANovember 19, 2013
Solid foundation in financial services, the place where 90% of people start there careers. Most leave after a year or two to other smaller financial companies or within State Street to SSGA. High turnover is a negative.
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Internship was informative
Apprentice (Former Employee), Quincy, MANovember 12, 2013
This was an intership and I learned a lot about fixing computers as well as servers. Very informative work enviroment.
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Great place to learn.
Pricing Specialist Intern (Former Employee), Boston, MANovember 12, 2013
Great place to learn and gain knowledge of financial markets.
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Great place for job security and work/life balance
Associate I (Current Employee), Boston, MANovember 9, 2013
State Street is a great place to gain some experience and break into the financial services industry. They provide a solid training program as long as you are willing to seek out the training. This is a great place for college grads to get their feet wet but they may find themselves wanting to move elsewhere after a year or so. Promotions are based – more... on tenure and not performance and salaries are below industry average. I do value the experience I have gained here but I am looking to move out of the back-office environment. Upper management (VP and up) is solid but there is a disconnect between their managing techniques and those of team managers. – less
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GREAT PLACE TO WORK
Officer (Former Employee), BOSTON MAOctober 30, 2013
Pros: great enviroment
state street is an excellent place to start working and continue throughout the years
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Good for starter
Cognos Developer/Business Development (Former Employee), Boston, MAOctober 30, 2013
State Street is okay company to start your career. The management and work culture is below par where I worked.
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City of London
Senior Portfolio Administrator (Former Employee), Malvern, PAOctober 29, 2013
Pros: work environment
Cons: small organization
I did enjoy the co-workers and the working environment. My day consisted of ensuring trade and pricing activity was captured in the CAMRA database.
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Bit of a mixed bag
Senior Associate (Current Employee), Edinburgh, SAOctober 29, 2013
Pros: refectory is pretty good
Cons: inconsistancies and miscommunication across the board.
The company is very slow in responding to interviews both internally/externally.

Company structure has varied a lot over the recent years due to business transformation, and dont always take what management say as gospel.

Their management structure is probably the same as most companies, however it should become more academic given the line of work. – more... People should not be promoted simply to fill a position, but because they have shown the potential to do the role and deserve a form of reward for their hard work and service. – less
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State Street Global Markets
Global Markets - Senior Associate (Former Employee), Boston, MAOctober 27, 2013
While working at State Street Corporation, I was fortunate enough to work with C-level executives while learning about all of the different areas of the companies.

Working with senior business leaders was an honor, however I feel that for most employees, senior management is not very accessible and the company is very hierarchical. I was just very – more... lucky to have capitalized on a rare opportunity. Unless you actively seek out networking and professional development opportunities within the company, you wouldn't really know they exist.

The company is very siloed in the sense that you don't really get to work much with other divisions or departments other than your own. – less
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Lot of scope to learn
Senior Associate (Current Employee), MumbaiOctober 27, 2013
The process is very critical and we have lot of things to learn, the cash management is one of the very critical process we are handling,

About State Street

Ol' Blue Eyes sang about the State Street (that great street) in Chicago, but investors may find Boston's State Street more melodious. – Read more