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State Street Bank - Company Profile & Overview

State Street Bank

NaN
based on 0 Reviews
HQ - Boston, United States

About State

Founded in 1792 Ownership Private
India Employee count 5k-10k Global Employee count 10k-50k
Headquarters Boston, United States Office Locations Not Available
CEO Ronald P. O Hanley Founders Not Available
Type of Company Foreign MNC Nature of Business Service | B2C
Company Email ID Not Available Website https://www.statestreetbank.com/
Founded In 1792
Ownership Private
India Employee Count 5k-10k
Global Employee Count 10k-50k
Headquarters Boston, United States
Office Locations Not Available
CEO Ronald P. O Hanley
Founders Not Available
Type Of Company Foreign MNC
Nature Of Business Service | B2C
Company Email ID Not Available
Website https://www.statestreetbank.com/

State Street Corporation (stylized in all caps), is a global financial services and bank holding company headquartered at One Congress Street in Boston with operations worldwide. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792.

State Street is ranked 14th on the list of the largest banks in the United States by assets. It is one of the largest asset management companies in the world with US$3.7 trillion under management and US$40.0 trillion under custody and administration in 2023. It is the largest custodian bank in the world, providing securities services and it is considered a systemically important bank by the Financial Stability Board. Along with BlackRock and Vanguard, State Street is considered to be one of the Big Three index fund managers that dominate corporate America.

The company is ranked 316th on the Fortune 500 as of 2022. The company is on the list of the banks that are too big to fail published by the Financial Stability Board. It is rated by Visual Capitalist as the third U.S. bank by uninsured deposits, with 91.2% of deposits being uninsured

State Reviews

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State Recruitment Process

Interview Process

The interview process at State Street Bank, similar to other large financial institutions, is structured to assess a candidate's suitability for the role in terms of skills, experience, and cultural fit. Although the specifics can vary by position, a general outline of the process includes several key stages:

Application: Candidates start by submitting their application through the State Street career portal, including a resume and sometimes a cover letter.

Screening: An HR recruiter may conduct an initial screening call to discuss the candidate's experience, qualifications, and interest in the role. This step helps to ascertain whether the applicant's background aligns with the job requirements.

Online Assessments: For certain roles, candidates might be asked to complete online assessments. These can test a range of abilities, from analytical and numerical skills to personality fit.

Interview Rounds: Candidates who pass the screening stage are invited to interviews. These can be one-on-one or panel interviews and may take place over the phone, via video conference, or in person. The interviews typically involve behavioral questions and, depending on the role, technical questions that assess the candidate's ability to perform job-specific tasks.

Final Interview: For some positions, a final interview with senior management may be required. This is often a deeper dive into the candidate's experience and suitability for the company's culture and values.

Background and Reference Checks: Prior to making an offer, State Street conducts background checks and contacts references to verify the candidate's employment history, educational background, and other pertinent details.

Job Offer: Successful candidates receive a job offer, detailing the terms of employment, including salary, benefits, and other relevant information.

Onboarding: Upon accepting the offer, new hires go through an onboarding process, which includes completing necessary paperwork, meeting their team, and starting any required training programs.

Jobs at State
Expense Accounting - Team Lead
Bengaluru, Karnataka, India
2-5 Yrs Not Disclosed

GL Accounting, Financial accounting - Emergin...
Bengaluru, Karnataka, India
10-12 Yrs Not Disclosed

Data Engineer - Manager
Hyderabad, Telangana, India
3-5 Yrs Not Disclosed
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State Salaries

based on latest salaries
Designation
Average Salary
Senior Analyst
Experience: 1 - 6 yrs
₹ 3.5 Lakhs /year
(₹2.1 L/yr - ₹7 L/yr)
Emerging Leader
Experience: 4 - 9 yrs
₹ 7.9 Lakhs /year
(₹5.6 L/yr - ₹11.1 L/yr)
Team Lead
Experience: 4 - 10 yrs
₹ 9.6 Lakhs /year
(₹5.1 L/yr - ₹17 L/yr)
Senior Associate
Experience: 2 - 8 yrs
₹ 6.5 Lakhs /year
(₹3 L/yr - ₹15.2 L/yr)
Employee Benefits at State
Office Cab/Shuttl
0 total Response
Free Meal
0 total Response
Joining Bonus
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On-Site Exposure
0 total Response
+26 more benefits
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State FAQs

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