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State Street Reviews

1,286 Reviews
2.7
1,286 Reviews
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State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
407 Ratings
  1. 1 person found this helpful  

    Good entry level, good benefits, not long-term, very low salary

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

    I have been working at State Street full-time for more than 3 years

    Pros

    benefits package is good, vacation time. Good place to spend a year or two to learn the ropes of a specific area before leaving for a company that will actually pay you in something more than peanuts.

    Cons

    Low-to-no bonuses, extremely low salary structure, makes it very difficult to stay or retain talent. Lack of compensation causes massive turnover. Constant re-shuffling of org structure, makes jobs even more cookie-cutter and unmarketable. Lots of outsourcing and cheapening of business strategy. Lots of downsizing for mid-to-high level management makes it difficult to expect good managers or retain good managers. Under-paid associate level employees make for a poor atmosphere.

    Advice to ManagementAdvice

    Promote from within, if bonuses and salary must be that poor, at least compensate in other work-life or social ways.

    Disapproves of CEO