State Street

Frequently Asked Questions about State Street Careers

Looking for more information about State Street, its products and services, and its work culture? Our comprehensive FAQs section has you covered. Explore a wide range of topics, including job opportunities, career development, employee benefits, and more, and get the answers you need to make informed decisions about your career.

What types of job opportunities are available at State Street?

State Street offers a variety of job opportunities, such as: • Investment Management – Investment professionals, portfolio managers, research analysts, and other roles related to investment management. • Trading – Trading professionals, such as traders, sales traders, and market makers. • Technology – Data scientists, software engineers, and other technology professionals. • Client Service – Client service professionals, such as client service representatives, client service managers, and relationship managers. • Operations – Operations professionals, such as operations analysts, project managers, and compliance specialists. • Risk Management – Risk management professionals, such as credit analysts and risk managers. • Corporate Finance and Accounting – Finance and accounting professionals, such as financial analysts, accountants, and controllers. • Corporate Support – Corporate support professionals, such as human resources, marketing, legal, and communications professionals.

What is the hiring process like at State Street?

The State Street hiring process typically includes an initial phone screening, followed by a series of in-person interviews with hiring managers and other team members. Depending on the role, candidates may also need to complete skills tests and/or a background check. The length of the hiring process varies depending on the role and the number of candidates being considered.

How do I apply for a job at State Street?

The best way to apply for a job at State Street is to visit their website at www.statestreet.com and select the "Careers" link at the top of the page. From there, you can search for current job openings and submit an online application.

What is the best way to find out about job openings at State Street?

The best way to find out about job openings at State Street is to visit their website or to check their social media accounts. You can also contact the company directly with any questions, or sign up for job alerts to stay up to date on any openings.

Are there any internships available at State Street?

Yes, State Street offers a variety of internships for undergraduate and graduate students. These internships are typically offered in the areas of finance, accounting, technology, analytics, operations, and client services. To find out more about available internships, you can visit the State Street website or contact the company directly.

What qualifications must I have in order to be considered for a job at State Street?

State Street generally requires applicants to have a bachelor's degree in finance, accounting, economics, business or a related field. Some positions may have additional requirements such as work experience in a related field, specialized skills, or professional certifications.

Does State Street offer relocation assistance for new hires?

State Street may offer relocation assistance for new hires on a case-by-case basis. To find out more, you should contact the recruiter handling your application or the Human Resources department.

What benefits does State Street offer its employees?

State Street provides a comprehensive benefits package to its employees, including medical, dental, vision, retirement savings, vacation, tuition reimbursement, and life and disability insurance. Additionally, State Street offers a variety of wellness programs and discounts, as well as an employee assistance program.

What kind of training and development opportunities are available at State Street?

State Street offers a variety of training and development opportunities, including on-the-job training, formal coursework, mentorship programs, and certifications. The company also offers tuition reimbursement for employees enrolled in approved educational programs, and provides access to online learning platforms and virtual instructor-led courses. Employees may also take advantage of the Skillsoft learning management system, which provides courses in business, IT, and finance topics.

What is the work culture like at State Street?

State Street fosters a culture of collaboration, inclusiveness, respect, and integrity. Employees are encouraged to learn, grow, and develop their skills, and are often provided with opportunities for career advancement. The company also values diversity and encourages a respectful and open work environment.

What is the average salary for a job at State Street?

The average salary for a job at State Street varies depending on position and location. According to the reviews, the average salary for a job at State Street in the United States is $73,898.

What are the job advancement opportunities at State Street?

Job advancement opportunities at State Street vary depending on the individual job role and experience. Many roles offer opportunities for internal promotion and job growth, such as the ability to move into higher-level roles or to move into different departments in the company. State Street also offers professional development programs, educational assistance programs, and mentorship opportunities to support employees in their career advancement.

Does State Street offer flexible work schedules?

State Street offers a variety of flexible work arrangements, depending on the specific role and location. Some examples of flexible work arrangements may include part-time or compressed work schedules, telecommuting, job sharing, and flexible start and end times. Employees should discuss any desired flexible work arrangements with their manager.

What type of environment does State Street provide for its employees?

State Street provides an inclusive and collaborative work environment for its employees that emphasizes collaboration and connection. The company embraces diversity and encourages a culture of mutual respect and appreciation. Employees have access to a wide variety of benefits, including competitive salaries, health and wellness programs, professional development opportunities, and flexible work arrangements. State Street also provides an opportunity for employees to grow and develop their career by offering training, mentoring, and career development programs.

How does State Street recognize and reward its employees?

State Street offers employees a variety of rewards and recognition programs. These include monetary awards, such as bonuses and stock awards, as well as non-monetary recognition programs. These programs include service awards, spot awards, recognition luncheons, and employee of the month celebrations. State Street also has a “Living Our Values” recognition program that allows employees to recognize their peers for exemplifying the firm’s values.

How does State Street prioritize diversity and inclusion?

State Street prioritizes diversity and inclusion in its talent acquisition, talent management, and development processes. The company has established a comprehensive diversity and inclusion strategy that includes diversity initiatives, such as: goal setting and accountability, training and education, employee engagement, and supplier diversity. In addition, State Street regularly reviews its diversity and inclusion practices to ensure they remain robust and effective. The company also encourages its employees to participate in diversity-focused events and activities, such as mentorship programs and affinity groups.

What is State Street's commitment to the communities it serves?

State Street is committed to having a positive impact in the communities it serves by making investments that support economic development and social progress. The firm’s commitment is based on the belief that having a positive effect on the communities in which it operates is essential to State Street’s long-term success. State Street’s Community Investment program is committed to investing in affordable housing, economic development, education, job creation, and other social initiatives. In addition, State Street provides grants, sponsorships, and volunteerism to local organizations that improve the quality of life in the communities in which it operates.

What types of programs are available to help employees learn and develop skills?

1. On-the-job Training: On-the-job training involves employees being trained while they are completing their job duties. This type of training allows employees to develop skills relevant to their current job and can be tailored to their individual needs. 2. Workshops and Seminars: Workshops and seminars are structured programs designed to provide employees with a specific set of skills. These programs are often led by experts in the field and can provide employees with the opportunity to engage with their peers and discuss the material. 3. Online Learning: Online learning is an increasingly popular way for employees to develop their skills. Online courses are typically self-paced and can be accessed anytime, anywhere. 4. Mentorship Programs: Mentorship programs can be a great way for employees to develop their skills. Mentors provide guidance and support to their mentees, helping them to develop the skills they need to be successful in their role. 5. Coaching Programs: Coaching programs involve pairing employees with a professional coach who can provide personalized feedback and advice to help them reach their goals. 6. Leadership Development Programs: Leadership development programs are designed to help employees develop their leadership skills. These programs may include workshops, seminars, and mentorship opportunities.

Does State Street have any programs to help employees balance their work and personal lives?

Yes, State Street offers a variety of programs and benefits to help employees balance their work and personal lives, including flexible work arrangements, wellness programs, and childcare support. Additionally, State Street recently launched a program called “Time for You,” which allows employees to take up to four hours of paid time off per month to focus on personal wellness and development.

Does State Street offer tuition reimbursement?

Yes, State Street does offer tuition reimbursement for eligible employees.