State Street Corporation

REIT - Real Estate Investment Trusts

GENERAL INFO

Headquarters: Boston, MA
100 offices
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THE BUZZ…

"Mediocre investment talent"
"Nose to the grindstone"
"Going downhill"
"Strong research"

NEWS AND UPDATES

Vault's Scoop

Uppers

Great pay and perks
Very diverse workforce

Downers

Long hours in the office due to cost-cutting
Somewhat political due to size

ABOUT THIS COMPANY:

State Street’s statement

Boston’s State Street Corporation is one of the biggest—and oldest—providers of mutual fund and pension processing and asset-custody services in the United States. State Street, which operates under the legal name of State Street Bank and Trust Company, offers products and services that span investment research, management, trading services and investment servicing, and are available to large-scale institutional investors and corporations. The firm ranks as the largest servicer of U.S. pension plans and investment manager of institutional assets worldwide, as well as the No. 1 provider of U.S. mutual fund custody and accounting services. State Street employs more than 28,000 employees in offices in more than 27 countries. Its units include State Street Global Advisors, which performs asset management services for the company; Street Alternative Investment Solutions, which combines hedge funds, private equity and alternative risk products; and Boston Financial Data Services—a joint venture with DST Systems—which provides shareholder services to clients.

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From the Community

REVIEWS

Inside opinions that matter, collected by Vault from employees at companies around the world.

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SALARIES

State Street Corporation salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

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SURVEY SAYS

Open to all

State Street’s working environment is “light and fun,” and “stress levels are kept at a minimum.” Others say the workplace culture is “very laid-back” and that the firm “is the kind of place where you can work there for your entire career.” “Collegial” is a word that comes up again and again when State Street insiders are asked to describe their corporate culture. Indeed, “building camaraderie is important.”

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DISCUSSIONS

New Topic: State Street - Boston (2 replies)
Last reply: We have not done a lot of hiring, but we do have some training classes starting up soon for a small number of entry level employees. …

New Topic: State Street - Boston (2 replies)
Last reply: I was wondering if this company is really hiring. I submitted my resume recently and a recruiter called me the next day! I was so excited, we h …

New Topic: anyone been interviewed by State Street at Toronto recently?
anyone been interviewed by State Street at Toronto recently? …

Getting Hired

Tips from the inside

They’re particular

Gear up for a “selective process” at State Street. Insiders note that though the firm posts internal postings, the hiring execs “prefer external recruitment” and like to “use headhunters.” Either way, State Street “holds a very high standard for education, skills and experience,” but the level of difficulty in obtaining a position depends on which job you’re going for. For example, it’s “very easy to obtain entry-level positions, at any time throughout calendar year,” according to one source, but “more senior positions tend to be more difficult and often require candidates to have specific knowledge.”
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Company Initiatives

Corporate Diversity Programs

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