There are newer employer reviews for State Street

1 person found this helpful

A good place to start career in corporate setting.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Shared Services Manager in Boston, MA
Current Employee - Shared Services Manager in Boston, MA

I have been working at State Street

Pros

Flexible with work/life
Young workforce
Easy to be promoted within

Cons

Low salaries
They hire a lot of incompetent people
Bad reputation in Boston because of fund accounting

Advice to ManagementAdvice

By offering higher salaries, you'll be able to recruit smarter people and have a stronger reputation within financial services.

No opinion of CEO
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  1. Good work/life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President in Boston, MA
    Current Employee - Vice President in Boston, MA

    I have been working at State Street

    Pros

    Flexible working hours and good traning

    Cons

    Not much advancement opportunity in the firm

    Advice to ManagementAdvice

    Bee creative on rewarding top performers

    No opinion of CEO
  2. 4 people found this helpful

    A total waste of time, SSB should stand for sweat shop bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Fund Accounting Manager in Sacramento, CA
    Current Employee - Fund Accounting Manager in Sacramento, CA

    I have been working at State Street

    Pros

    The people. The staff consists mostly of entry level recent college graduates.

    Cons

    -Well below industry standard pay. Recently reduced for new hires as of 2011.
    -Staff is massively overworked (12.5 hour days for the first 7 business days of the month)
    -Inexperienced managers
    -Very little room for promotion.
    -Bonuses and raises over the last 4 years have been reduced to the point where employees feel disrespected to be even given one at all
    -Work is not challenging at all. Could possibly be performed by a well trained chimp.

    Advice to ManagementAdvice

    Please provide management training to new managers, and second level managers

    Doesn't Recommend
    No opinion of CEO
There are newer employer reviews for State Street

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