State Street

Working at State Street: Company Overview and Reviews in India

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State Street
198 reviews
State Street, IN Ratings
Average rating of 198 reviews on Indeed
3.6Work-Life Balance
3.4Pay & Benefits
3.7Job Security & Advancement
Boston, Massachusetts
More than $10B (USD)
Banks and Financial Services

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Salary Satisfaction
Of the employees are satisfied about their pay, in India
Based on 359 reviews

State Street Reviews

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Overall Reviews at State Street

Senior Associate | India | 19 Oct 2019
It was fun working with team and we a had a good team which was good and co operative. the bonding among the team members was really great
As a senior member of the team, my first task at my job would be allocating the work to the team and myself and to make sure every task gets completed on time. The team showed me how to be a professional at work and how to overcome the pressure situations and how to handle the situations if something goes wrong. The work place environment was good. The management showed us the path on how the work should be done and how disciplined we should be about the work. The hardest part of the job was in dealing with the "Business Units" and to make them understand what we required and how do we work. The most enjoyable part about the work was we could give our on ideas and inputs that would benefit the company. you are always welcome to express your views
Contractor | India | 17 Dec 2021
Stressful work culture.
Management is poor. They have no budget for projects , they don’t want to buy products from companies and want to internally built everything, I will not be surprised if data of this Bank leaks out.They want 1 person to do all the job round the clock , it is mentally tolling and so stressful. Contractors are treated so poorly, they give threats of escalation and firing every time, they don’t want discussions, it becomes very one way conversation. They make you over work, they expect you to know everything from business to technical, but when it comes to Knowledge Transfer, the environment is not all conducive. No matter how much you do , you are never appreciated at all. Of all the organisations I have worked for it was one of the most stressful environment.
ProsNothing as such
ConsNot a good company to work with.
Fund Accountant | Hyderabad, Telangana | 16 Oct 2022
Toxic work environment
Overall the company is good. But the process I was associated with is one of the most horrible. It was a nightmare for me. I have spent 2 years in that process and I only know how I spent my days. There were no peace of mind. Your reporting manager will make your life miserable and ofcourse due to this you will have sleepless night. Work life balance will be gone. You have to be on call with the manager unnecessary that too for atleast one to two hrs and will pull you down everyday. You will definitely lose your self respect. You will be expected to work on every Saturday or Sunday. Even when you will raise your voice or concern to seniors don't expect any outcome. I will never recommend to join Accounting Process excellent program team. But other than this process go for it.
Senior Human Resources Associate | Mumbai, Maharashtra | 4 Dec 2016
Corporate yet fun place to be in.
1. A typical day at work starts with reviewing and updating the MD's calender, Scheduling his meetings, Taking notes, Calendar management,Travel bookings, Co ordination,Event preparation if any 2. I have learned to be more organized and proactive in approach towards the work at hand. 3. Management of the company was centrally located at Boston. Looked after the MD at India 4. My immediate manager was gem of a person. She helped me learn a grow by entrusting me with great responsibilities. There was a trusting factor and good equation between us. 5. Every day being fresh and new challenges. coming up ways to tackle those was the most interesting part of the job.
ProsTransport facility, canteen, events and recreational activites.
ConsJob security
Test Engineer | Bengaluru, Karnataka | 17 Jul 2016
It was good experience
Project Description: • It has multiple types of applications under Banking and Financial Securities Domain • It works as a complete solution for all functions and banking transactions. • It a part of TDE(The Digital Enterprises) applications • These applications are called TDE Rooms • These are agile rooms; means the methodology used is Agile. • The mainframe version is called MCH(Multi Currency Horizon) and web version is called E-Horizon . Responsibilities: • Design and execute automation and regression test cases using QTP on each iteration release cycle and deliver results based on user stories. • Create new UFT frameworks key words whenever new functionalities come for a particular iteration
Operations Associate | Mumbai, Maharashtra | 17 Oct 2014
Journey towards excellence
Life at State Street has been a very richful experience where i got a chance to improve my skills, develop my capabilities and learn lot more new things. A day starts with handling trades/cash of APAC region and ends with EMEA. Responsibilities included manual reconciliation, Dealing with High Volume Cash flow, Risk management for high value cash transactions, Providing accurate information and service to clients etc. Though every day used to be tough but with friendly and hard working team i learnt to work under pressure and sustain the productivity.
ProsPick n drop, Free meal passes, Shift allowances
ConsLong hours
Recruiter | Bengaluru, Karnataka | 13 May 2020
State Street is a place for Full time employees only, not for contractors.
They treat very bad to the contractors who work with them, Contractors don't get any benefits other than salary and no job security, any time they can ask to leave. They don't treat equally like full time employees. Moreover you work harder or hardest whole day and night but they will not convert you moreover they will ask to leave at this difficult situation like Covid-19. 1919.whercompano compa
ProsWork life balance, Flexibility in work hours.
ConsNot good for Contractors, So please do not join State Street as Contractor
Portfolio Analyst | Bengaluru, Karnataka | 30 May 2013
Friendly with a bunch of amazing talents around.
State Street being a global company people from various location come in and work for a common goal of giving back the best to the clients who has trusted us and invested with us. Responsibilities Cash Forecasting Net Asset value calculation Corporate actions Trade fails & Trade admin Liaising with ETF & Cash Management Team People from different background with pool of talent creating a challenging atmosphere by pushing each ones's limit to cater the best to the clients
ProsMeal Voucher, Transport
Senior Associate Engineer | Bengaluru, Karnataka | 22 Sept 2013
As the company was setting up its activities when joined, had the privileged to stream line the activities
When there was human error committed by the team member helped out to correct the mistake with less stress and not impacting the performance of the fund. To work effectively under stress Convince the management on behalf of the team bout non occurance of the error. Gaining their confidence and trust. Working under pressure To see the team members enjoying their moments aftrer the completion of the targets within SLA
Organization:STate Street Global Advisors | Nav, Uttarakhand | 21 May 2013
Designation: Senior Operation Associate.
Designation: Senior Operation Associate. I have over 5 years of experience in Investment Banking domain. 19 Months in Deutsche bank in Reconciliation process & presently working as a Senior Operations Associate for State Street Global Advisors (SSgA) since September 2009 to till date in Nav Performance analysis & Reconciliation Team. SSgA is one of the biggest Institutional Asset Manager. A disciplined, pragmatic, result-oriented Financial Professional.
Business Systems Analyst | Irvine, CA | 24 Aug 2013
Leading and learning Experience
•Initiating and leading Major Changes and projects involving development of New Applications, Redesign of old applications, Mega Process change. •Requirement Gathering and feasibility analysis by thorough discussions and interviews with the users and developers. Also active surveys and observation of current Process. •Team Management Tasks, Score Cards, Development Status report, Vigilance of deliverables and Internal Auditing •Training of team members, Knowledge Transfer and task lead. •Demonstrations of New Process, functionalities and enhancements and acting as the frontline project support, client interaction and problem resolution. •Involved in Agile Process and Scrum meeting and exposure to a more dynamic and productive environment. •Understanding of various financial components and product Types: Fixed Income, Bonds and Bond Trading Cycle, Bond Pricing, Equities, Trade Cycle, Derivatives (Options and Futures). •Design and implementation of Regression Tool and utilizing it for a Major migration of Codes in Redesign of an existing application. •Understand and articulate business requirements from user interviews and then translate requirements into functional and technical specifications. •Interacted with fixed income business heads to finalize the Business Requirements for the Risk Management process. •Interacted with SMEs of different divisions (Information Technology, Risk and Operations) and established a business analysis and design methodology around the
Client Associate | Kirchberg | 26 Jun 2018
Productive, helpful workplace environment. Multi-cultural peers. Great place to be introduced to the financial service industry in Lux
As a CRM Associate my typical day at work varied from week to week as I had an extensive role. My main responsibility was to report, support and aid my manager with administrative support such as preparing for the client meetings, being responsible for confidential contracts and documents, booking trips and taking charge over the trip finances. In addition I supported the head of the CRM Team as well as the assistance with weekly logs and HR related projects. Furthermore I also supported the CRM managers with their contracts in respective of their clients. During my time with CRM it was my introduction to the banking scene as well as the financial industry and the large corporation culture in respective to the structure and operations. The specifics of what I learned were the likes of the internal functionality and fluidity of departments integrating with each other in order to accomplish their corporate goals of sealing the big deals. It was interesting to see how time management and communication were vital tools to successfully manage daily, weekly, monthly and annual goals for the bank. In addition there were also the daily opportunities of me learning from my peers and superiors, where they took their time to go through their job titles, responsibilities and processes as well as guiding me through the programs/tools that were being utilized. I was lucky to work in two great teams with two different team dynamics where I got a daily dosage of learning about the c
Prosfriendly and helpful peers, meal vouchers, cinema discounted tickets, healthcare and insurance
ConsStressful environment, below average IT support
Senior Paralegal | Boston, MA | 26 Jan 2018
A steady decline
I was with State Street from 2009-2013 (albeit that the last few months I was on short-term disability leave). During this time I saw things become completely unwound, sometimes it seemed, come unwound in real time. My group at my previous employer, BoA, was disbanded and a number of us let go in early 2009 as a direct result of the 2008 financial crisis. I was absolutely thrilled in 2009 when I was taken on in July 2009 after only a few months of being unemployed. Things were good initially. There was a massive amount of work, and I wasn't initially accustomed to handling the idiosyncrasies of a number of different clients. From about late 2011, things changed and the working conditions took a nosedive. The manifest aspect of this was the hemorrhaging of jobs overseas and multiple yearly layoffs (also, freezes on bonuses and raises). This created a major "brain drain" as many of the people let go were among the more senior and more highly paid. This created endless issues right to the end of my time there. Equally difficult was the effect on morale -- laboring under the threat of being laid off created a shift in the culture toward the mean spirited. Office politics like you wouldn't believe. Also, I should note, unfilled vacancies created a massive upsurge in work -- where I was taken on to manage three clients, I was at the end formally assigned five and informally to assist with one "as time allowed." The stress was unbelievable at times. And, where I was
ProsSome great people, great exposure/opportunities to learn in the industry
ConsShort-sighted higher management, cut-throat atmosphere.
Bank Loans | United States | 17 Sept 2011
StateStreetBank- Loans
The pay keeps getting worse, it's hard to make money for a bank when the stock market is not going up... luckily they are heavily affiliated with the SPY and GLD tickers, as these two tickers usually hit the top 5 highest volume tickers trading in the market frequently. About work though, they pay $32,500 as a start which is barely enough to afford living if you have $700 in rent bills plus your $300 student loans which only pays the minimum on your loan payments and $300 is probably a lot less for most people paying down their student loans. You can't afford a home loan for 95% of the homes on the market anywhere near your job, and every time someone leaves, you get stuck with that persons workload with no extra pay. Team went from 5 to 3 people... I'll probably ask for a raise, and still not get $40k. Great on the resume. Seems apparent I'd be better off paying $3,500 for the CPA certificate and making $10,000+ more anywhere else. I came to StateStreet to be along side traders... I'm stuck working next to people who don't know a thing about the stock-market and were shocked when their StateStreet retirement funds fell 20% in 10 days during august, as I watched or continued short-selling the market... and I have no insider knowledge of what would happen in the market as it is too broad of scope to determine, other than speculation using Technical Analytics and being aware of current market sentiment and conditions, and just watching the financials like BofA's chart break a
Prosbenefits are fairly inexpensive, work is not stressful as an associate 1, great location and places to work in boston, clean environment
Consthe pay doesn't make up for the pro's..., can advance when there are layoffs, seems like it takes several years to advance, you get a feel for how the big money moves.
Senior Associate | Atlanta, GA | 8 Oct 2018
Bad company for career growth
State Street's Atlanta office does a poor job of giving its employees career advancement opportunities. Some people are lucky and are placed on a growing client or on a team that has a number of managerial-level people quit. Others regardless of work performance can get stuck at the some position for 5, 6, or even 7+ years. There are a number of people in the office I have seen this happen to. What is even more alarming is that the office is growing and getting new business and not losing much business. When there is a new client, State Street hires someone from outside the company rather than find a way to promote a current employee. For example, they do not even move a current manager over to a new client so that an associate can move up to a manager position while still be familiar with that same client. The company supports tele-commuting and does offer reduced work schedules to people when manpower resources are sufficient enough to allow one to reduce his hours. In the first two calendar years, employees get 3 weeks of vacation plus 4 additional days (3 personal holidays and a day-off for your birthday). You can also purchase up to 5 additional vacation days. One problem the Atlanta office ran into lately is using up its parking space allotment at 3 Alliance Center. State Street did a good job of planning a green office setup at the new office. However, the Atlanta office has exceeded its parking space allotment based on the square footage leased by Stat
ProsVacation time, supportive of work/life balance
ConsLack of advancement opportunities
Client Associate | Quincy, MA | 25 Jun 2019
Don't waste your time
State Street is the typical run of the mill corporation. You are just a number. 5 years and have nothing to show for it. No promotional opportunities unless you move to another department. Managers are either never around or are too busy and goofing off to help you. Work loads have increased as the hiring freeze continues and people have quit. Offshoring is common and the joint venture teams are next to useless. Everything is literal with them and no logic is used to figure out answers to questions. Everything comes back onshore asking a question. Prime example of if you want it done right, you have to do it yourself. Year end and tax season is stressful. No time off allowed during those periods for any reason. Travel to see family is of no concern to managers who are allowed to take time off then. In my five years, I have witnessed massive inefficiency get progressively and exponentially worse. This company won't be around in 10 years at the rate it is going. Pay is low compared to the industry. Healthcare plan is a joke if you are single and healthy and downright affordable if you have a family. Raises are no longer given and bonuses are insultingly low. You get the same bonus if you work hard all year or goof off. Work From Home is promised upon hire, but is never allowed. Even during snowstorms when the Governor says to stay off the roads, you are expected to be in the building. Managers give you a hard time when you ask to take a half or full day to attend a fu
Pros4 weeks vacation
ConsHealthcare Plan, Low Pay, Low Bonuses, No Raises
Specialist | Quincy, MA | 25 Jun 2018
Terrible First Job
For those motivated to progress their career, I can't recommend against this place enough. I worked in their Global Services branch, so I can't comment on GX or GA. Some background: I have: >Worked there for three years as my first job out of college, with a Finance degree and a 3.85 GPA. >Received two promotions (from Associate 1 to Senior Associate). >Only received highly positive performance reviews. >Left on my own terms, and was asked to stay. Culture is the biggest issue. There is none. Nobody wants to talk to each other. Everyone wants to do their job and go home. Most people don't do a ton, so any effort to help is often met with hostility - people want to make sure they are worth something and have job security. They are prone to shipping work offshore. Aside from one or two people I worked closely with, I have no desire to keep in contact with anyone. Compensation is bad. They have a huge drive to cut costs, so paychecks, bonuses, and raises are incredibly low compared to industry standards. They don't get better if you're better. Most people say that to get paid more at State Street, leave the company and come back as an external candidate. Additionally, progression is bad. 9 times out of 10, they'd rather hire externally than promote internally, which can be a huge kick in the pants. On top of that, they are very bad at developing their talent. Limited training options are available, and they don't seem to have much interest in invest
ProsFlex Time
ConsCulture, Compensation, Development, Progression
Warehouse Lead | Boston, MA | 15 May 2016
State Street Bank
This was an interesting part of my life where I had just graduated from college with a heavy emphasis on Radio, Film, Theater and Philosophy. Went to a temp agency and they placed me in a major financial institution. This was very fast paced with everyone having a decent amount of know how going into their position. I was extremely fortunate to have this opportunity. As my first real job, it became a great new learning experience which I excelled at rather quickly. I learned about how mutual funds work and financial operation on a global scale. Interacted with clients, agent banks and internal investment banks to ensure the portfolios performed optimally. I was told that my performance accounted to 15% of the funds success. One fund was valued at $14.6 billion. It was an honor to have this kind of responsibilty. Fortunate to work under such a great leader who originally trained me on his duties. What we did was like one giant puzzle. As a lifelong musician, I believe that it was this skill which allowed me to work well with patterns and math while being creative enough to figure out the reconciliation of the funds they were in the process of balancing. They foresaw the economic crisis and began to downsize. This offered a voluntary layoff which helped to change and refocus my life. The severance package is what I used to move to the greatest city ever... Austin, Tx.
ProsAmount of learning, responsibility and work experience I gained, assisted my future in countless ways both personally and in my future career endeavors
ConsIt was not a job I was trying to get and pursue for my career. Although, if there was something relevant that presents itself down the road, I may be inclined.
Administrator | Boston, MA | 3 Mar 2022
Very stressed work environment with little flexible time management.
It's a good place to work for people who does not have kids or is a caregiver. Because of lack of flexibility very rigid environment. The work load is excessively and there is never enough people for the work load. Pregnancy can be very traumatic because there is no special accommodations the expectations is unrealistic when facing all the discomfort and extra self-care. The stress that some pregnant women go through gives a feeling that people are upset at you for being pregnant. The stress seems to be directly causing early contraction some days. Not a good place to go through a pregnancy. Flexibility for vacation should be plan to allow people to take turns for holidays vacation. Or hire more worker to have enough coverage so the workers are not over work and not able to have enough times to travel for the holidays. The blocky days should be dealt differently maybe by giving incentives. Because not everyone needs to travel during the holidays, some people only needs to celebrate locally. We are people working with people consideration should be made to life and family. Values the individual and family because the work atmosphere is very important. Increase productivity creates better place to work. Nobody wants to be working someplace where you are not value and appreciate. The work load in some case is excessively too much. When the preparer are all salary there is not limit and restraint on working time and the expectations is clearly states that working all day all n
Administrative Specialist | Boston, MA | 10 May 2017
Decent place to gain experience at straight out of college, but not a destination employer
Other departments are probably different, but this review strictly refers to financial reporting/fund administration. Decent entry level job but more of a stepping stone than anything else. Extremely low starting pay relative to similar companies/market value leads to high turnover. Not one person seems to enjoy working there at all, which is reflected in the overall culture. Very repetitive work and inconsistent workload. Terrible work life balance at times, working up to 60 hours/week in some busy months but no more than 15 hours of actual work a week in slower months. Poorly designed training/orientation that doesn't really prepare you for your job at all. A lot of learning as you go, which is basically dependent on the quality of your co workers. Company is vague about what specific position you're actually interviewing for. I didn't find out my exact department and job title until my first day on the job. Heavy emphasis on offshoring to India, which can cause logistical problems with different tie zones and uncertainty of job security. Skills learned are not easily transferable to other jobs, which can make the job a bit of a dead end. Generous vacation policy. Starting paid time off allotment of 3 weeks plus 3 personal days. Decent opportunities for advancement within the department, but easy to get stuck on a treadmill so to speak. Some co workers can be very knowledgeable and helpful. Paid overtime for any hours past 40 in a week.
ProsGood vacation time, decent opportunities for advancement
ConsLong hours during busier months, low starting pay, bad overall culture

Questions And Answers about State Street

How are the working hours at State Street?
Asked 22 Jul 2017
Depends on completion effective with problem is fruitful.
Answered 29 May 2020
Till you complete the day's assignments.
Answered 29 May 2020
What exactly is the role of an associate in the firm?
Asked 20 Nov 2018
Coprate with the team
Answered 5 Jun 2020
Cooperate the team
Answered 5 Jun 2020
What should you wear to an interview at State Street?
Asked 22 Jul 2017
Formals to keep your outcome and environment like.
Answered 29 May 2020
Formally dressed up.
Answered 28 May 2020
When do we receive offer letter after interview process at State Street
Asked 11 Apr 2018
By a day or two
Answered 29 May 2020
All depend on company finalisation.
Answered 29 May 2020
What is interview process like at State Street?
Asked 17 Jul 2017
One HR screening round, VP round and then Team lead round. Not sure what would be next round waiting for the next round
Answered 15 Jun 2022
Once shortlisted.
Answered 29 May 2020