There are newer employer reviews for State Street
There are newer employer reviews for State Street

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many recent layoffs

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Vice President in Boston, MA
Former Employee - Vice President in Boston, MA
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at State Street full-time (More than 10 years)

Pros

Many good people, good place to learn, opportunities to work form home

Cons

no loyalty, poor leadership from management, often prefer to hire from outside than promote from within

Advice to Management

show more loyalty to long-time employees, increase opportunities for advancement

Other Employee Reviews for State Street

  1. Poor Management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Accountant in Berwyn, PA
    Current Employee - Portfolio Accountant in Berwyn, PA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at State Street full-time (More than 3 years)

    Pros

    The people you work with are great. The office had a friendly vibe and I didn't mind going into the office everyday. State Street also has work from home capabilities.

    Cons

    You can't move up in the company. The only way to get a promotion is to leave the company and come back a year later. They hire managers based mostly on their connections, which is very frustrating when you end up having to do your bosses job on a daily basis. Expected to put long days in. Very high turnover.

    Advice to Management

    Promote from within and stop hiring higher positions from the outside.


  2. Unchallenged by Mutual Fund Account position

    Former Employee - Mutual Fund Accountant in Boston, MA
    Former Employee - Mutual Fund Accountant in Boston, MA

    I worked at State Street full-time (More than a year)

    Pros

    It was an entry level job so co-workers are all around the same age and they are all just out of college.

    Cons

    Everything was done the same as it had been for a long time instead of upgrading with technology. The job involved the same exact steps every single day. Ideas for improvement were not heard by higher management.

    Advice to Management

    Embrace technology and make daily activities more efficient.


There are newer employer reviews for State Street
There are newer employer reviews for State Street

See Most Recent

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