State Street Employee Reviews

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Horrible management, no chance of advancement
Associate (Former Employee) –  Toronto, ON26 September 2018
Pay is much lower than industry average, you will be better off doing the same amount of work elsewhere.

The turnover is high and they will just work hard to implement outsource strategy, so there is not really any job security.
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Good Place to learn
Software Test Analyst (Former Employee) –  Toronto, ON14 August 2018
Good exposure to various technologies enabling a quick learning process.

A positive working environment

Team dynamics fostered positive thinking among everyone
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its opertions
Global Cash Operations Intern (Former Employee) –  Montréal, QC10 August 2018
learn how money gets moved around.
Young people so it fun, great place to start off if you want to work in operations.Not too much work so a lot of free time.
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Global Cash Operations Administrator
Senior Global Cash Operations Specialist (Former Employee) –  Montréal, QC6 August 2018
The team is mostly under 30 years old and the work environment is relaxed, good for recent graduates looking for an entry level position to get some experience or people looking to make some cash while studying for CPA/CFA. Work is very repetitive though and becomes boring after 6 months to 1 year. Compensation is only better than working as a teller. Turnover excessively high, no incentive o stay. Pension plan + healthcare + educational assistance are decent.
Pros
not stressful, overall people are fun to work with, good if you're studying
Cons
awful compensation, repetitive job
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Perfect place to start in the financial services industry
Senior Global Cash Operations Associate (Current Employee) –  Montréal, QC14 July 2018
The work is not very challenging for someone looking for a job in financial services. We report cash and sweep available cash at end of day.

The salary is not very competitive but the workplace is fun and not very stressful.
Pros
fun environment
Cons
bad pay
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boring work place and paid very low
Senior Reconciliation Associate (Former Employee) –  Toronto, ON5 July 2018
good thing about statestreet is they are very flexible for work from home. So if you have family with small kids, and money isnt most important, work here
Pros
work from home option
Cons
low paid
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high staff turnover
Team Leader (Former Employee) –  Leader, SK4 June 2018
open work environment with flexibility to work from home, good place to gain industry experience. High staff turnover, long hours for some positions no overtime pay.
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Stressful Environment
Associate, Operations & Management (Former Employee) –  Toronto, ON29 May 2018
A company that will make you work like a slave with very little room for growth.

Great place to get entry level experience and move out.

Extremely stressful Environment
Pros
Work from home
Cons
Long hours - with higher management not encourged to pay for overtime, Salary below industry standards
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good
Business and Project Coordinator (Former Employee) –  Toronto, ON15 May 2018
good working environment, decent people to work with, relatively average pay and normal benefit.
Adequate employee improvement plan with a chance for improvement.
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nice place to start out
Investment Accountant (Former Employee) –  Toronto, ON9 May 2018
this was a very good first job, but was not somewhere that I would want to stay for long. Although working from home was nice, i was not a huge fan of the work environment.
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Good for experience, hard to build career here.
Fund Accountant (Former Employee) –  County Louth9 April 2018
I worked with a brilliant team of people at State Street, for the most part I really enjoyed my time there. Current freeze-hire in place for those working in the IFS branch of State Street - those who left were not being replaced and job advancement seemed to be out of the question. This made the job very stressful at times and despite taking on more work as each day went by, this was not rewarded financially or otherwise. Promotion only mentioned when I decided to hand in my notice but I had already felt undervalued at this time and I had made up my mind. Salary also lower than competing companies.

On the other hand, the work experience was great; I met some fantastic people and I learned a lot over the 2 years I worked there.
Pros
I can't think of any.
Cons
Long hours, underpaid and undervalued.
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Great company
RISK MONITORING Sr. ASSOCIATE level 2 (Current Employee) –  Toronto, ON13 March 2018
Great place to work. Enjoy the challenge and always busy. Very fast placed. Attention to detail. Always learning. Change is almost an everyday occurrence, so you really need to be ready to adapt.
Pros
Amazing benefits and people
Cons
worked overnights..hard on everyday life balance
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Decent overall
Sanctions Screening Associate (Former Employee) –  Toronto, ON28 January 2018
Great benefits. I learned a lot working at State Street Corp and have expanded my skillset by adding valuable knowledge of internal systems used Worldwide by financial institutions. Hands on experience with Anti Money Laundering applications. Decent overall.
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Results oriented business
Leader (Former Employee) –  Toronto, ON25 January 2018
The people are dedicated and remain focused on doing their best to contribute to the goals of the organization. The head office is in the United States.
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Good workplace
Senior operations associate (Current Employee) –  Toronto, ON15 January 2018
8.30-6 pm . Overtime is given but questioned depending on the team. Salary is lowest in the industry ,excellent benefits. A lot of employee engagement activities. Training is not that great. Good interiors except for the cafeteria . Education expenses covered if eligible.Training is not very structured
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A good place to start your career
Senior Investment/Fund Accountant (Current Employee) –  Montréal, QC12 January 2018
- Good working environment
- Good for people looking for their first job after graduation


- Low salary compare to the industry
- Career advancement is cap
- High turnover
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Amazing
Accountant, Intermediate (Former Employee) –  Toronto, ON21 December 2017
Nice I really liked to work for State Street. It is a good place to work at. Nice environment and good culture. Thank you so much for your consideration and support.
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Not a fun place
Senior Accountant (Former Employee) –  Toronto, ON10 December 2017
Absolutely dread working there. It is a sweat shop. They work you really hard. The hours are really long and senior management doesn't seem to very caring.
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flex work arrangement
Financial Reporting/Analysis Planning, Officer (Former Employee) –  Toronto, ON4 December 2017
management - encouraged open communication

workplace culture - flexible work arrangement

most job functions are controlled, or centralized in head office, trending with most basic functions done in offshore locations.
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it was ok
Volunteer (Former Employee) –  Toronto, ON14 November 2017
it was an ok place to work.
good benefits
good place to start
good coworkers and was in the heart of downtown
good coworkers
no complaints
but not a place to be long term.
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