There are newer employer reviews for State Street

Not terrible, not gret

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Senior Associate in Quincy, MA
Current Employee - Senior Associate in Quincy, MA

I have been working at State Street

Doesn't Recommend
No opinion of CEO
Doesn't Recommend
No opinion of CEO

Pros

There's a good amount of paid time off. Not too stressful.

Cons

Typical few people do most of the work. Management looks out for themselves, and not many opportunities for a promotion.

reviews filtered by
  • Any Location
  • Any Job Title
  1. A good place to start a career..

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Fund Accountant in Princeton, NJ
    Former Employee - Senior Fund Accountant in Princeton, NJ

    I worked at State Street

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    State Street is a good company to start your career in right out of college. Starting pay is not great but the benefits are actually pretty good.

    Cons

    Training is minimal, just enough to get you started. If you are detail oriented, work quickly, and work well with time constraints, you will be able to handle the work.

    The main reasons why State Street is a place you use as a springboard as opposed to staying for a long period of time are:
    Limited career opportunities
    Only fair base pay, small bonus and raises
    Short, vague employee evaluations
    Stress (from daily deadlines/the better employee you are the more work and stress you get while other less motivated employees have free time
    Unfair promotion practices (deserving people have to wait while those with seniority are promoted even when less qualified and less driven to succeed.
    The work itself becomes extremely repetitive and boring.

    Coming to State Street out of college and getting your foot in the door of a large well respected financial services company is the best course of action. There are too many firms in this industry to mention that have better pay and better career opportunities than State Street.

    Advice to Management

    Develop your employees by spending more time on employee evaluations. Evaluations are almost an afterthought rather than an integral part of developing employees.
    Listen to the concerns of lower level employees.
    Increase pay and bonuses.(If you use a 1-5 rating scale, everyone can't be a 3. There will always be people to are a 1-2 or a 4-5. Therefore, distribute bonuses accordingly. Don't simply give everyone the same amount because it's easy.)
    Make mid level management get out of their offices and interact with their teams. Do not allow them to sit in their office and be totally disconnected while drawing a large salary.

  2. Starter job for recent college grads

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Fund Accountant in Boston, MA
    Former Employee - Fund Accountant in Boston, MA

    I worked at State Street

    No opinion of CEO
    No opinion of CEO

    Pros

    The employees are friendly and the management helpful. They have nice offices located around Boston and the hiring process is easier, but impersonal.

    Cons

    I was an mutual fund accountant. It was pretty boring, with little variation in day-to-day tasks. It seems that they hire a bunch of new fund accountants several times a year so the process can seem pretty anonymous.

There are newer employer reviews for State Street

Work at State Street? Share Your Experiences

State Street

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.