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State Street Reviews

Updated 21 March 2019
3,817 reviews

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3.1
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State Street President and CEO Ronald O’Hanley
Ronald O’Hanley
35 Ratings

Employee Reviews

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Pros
Cons
  • "No work/life balance, pay is not competitive" (in 123 reviews)

  • "Long hours for some departments" (in 186 reviews)

More Pros and Cons

  1. "AVP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Dublin, Co. Dublin
    Current Employee - Assistant Vice President in Dublin, Co. Dublin
    Recommends
    No opinion of CEO

    I have been working at State Street full-time (More than a year)

    Pros

    Excellent company to work for with flexibility on work times etc

    Cons

    busy and aggressive environment for some teams


  2. "Good place to start career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Dublin, Co. Dublin
    Current Employee - Senior Associate in Dublin, Co. Dublin
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at State Street full-time (More than 3 years)

    Pros

    Good work/life balance.
    Very good benefits.
    Excellent work environment to learn the financial services industry.

    Cons

    Lack of career development and recruitment freeze hampering good staff.
    Functions can become repetitive.
    Under performing staff not held to account.

    Advice to Management

    Promote from within and encourage staff who ask for more responsibility.

  3. "Only way is down for Ireland"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in Dublin, Co. Dublin
    Current Employee - Assistant Vice President in Dublin, Co. Dublin
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street full-time (More than 10 years)

    Pros

    Colleagues - there are a lot of good people.
    Location - Naas, Drogheda and Kilkenny are great locations.
    Be Well - great effort put in by the few to arrange activities for the many (it's all but disappeared now though because of red tape and people being overworked)

    Cons

    Outsourcing - everything possible is being moved to Poland, India and China and all knowledge is being lost. There's little of no control.
    Colleagues - there are quite a number of arrogant people and unfortunately these tend to be the ones who will advance in the company.
    Training - it's non-existent
    Errors - all the outsourcing has led to a massive increase in errors.
    Pay - its below the market rates
    Opportunity - there are none. Many Irish are left in positions for years while they see rapid promotions in Poland.
    Workload - its completely unrealistic for some teams while a few others have very little to do and are waiting for their redundancy.

    Advice to Management

    Halt the outsourcing until you can get a grip on it.
    Promote based on experience and talent. Too many good people left in limbo.
    Pay - match your competitors


  4. "Developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    Good colleagues. Nice facilities and location.

    Cons

    Red tape. Salary. Lack of direction,vision and ownership by middle management.


  5. "Let you be yourself!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    A friendly environment where you can build your career, get plenty of training and have options to move around the world.

    Cons

    Comparatively low pay, especially at associate levels and it can take a while to get a promotion.


  6. "Slave Street"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate II in Kilkenny
    Current Employee - Associate II in Kilkenny
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street full-time (More than 5 years)

    Pros

    Office location is close to home. Flexible working arrangements for some people

    Cons

    Poor management style (bullying), long hours due to under staffing of all area's. Poor pay and bonus for most employees'. Junior staff used as stepping stones for senior management promotions

    Advice to Management

    Pay your staff more and treat them with respect.


  7. "Good place to start a career in financial services"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Derivatives Associate in Dublin, Co. Dublin
    Former Employee - Derivatives Associate in Dublin, Co. Dublin
    Recommends

    I worked at State Street full-time (More than 3 years)

    Pros

    Everyone on my team was very sound. The company was also very flexible with hours and time off. Pay was low to start but they promote very quickly.

    Cons

    No real training so have to learn pretty much everything as you go.

  8. "Depends what you are looking for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street full-time

    Pros

    They work you hard you will become a valuable asset elsewhere

    Cons

    Moving up depends on who you know.

    Advice to Management

    Truly listen to the employees people are leaving because they are not valued,trusted and yet over used and relied on


  9. "Derivatives"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Derivatives Trader in Dublin, Co. Dublin
    Current Employee - Derivatives Trader in Dublin, Co. Dublin

    I have been working at State Street full-time (More than a year)

    Pros

    Good restaurant, relaxed atmosphere

    Cons

    System needs update..better ways of doing existing tasks

    Advice to Management

    Increase better training


  10. "Trustee department"

    StarStarStarStarStar
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trustee Administrator in Dublin, Co. Dublin
    Former Employee - Trustee Administrator in Dublin, Co. Dublin
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time (More than 3 years)

    Pros

    Good place to learn about the industry.

    Cons

    Poor pay and lack of promotions

    Advice to Management

    Improve staff retention.