State Street
2.7 of 5 1,195 reviews
www.statestreet.com Boston, MA 5000+ Employees

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Large financial firm with lots of opportunity for growth within-- provided you know the right people

Accountant (Former Employee)
Boston, MA

ProsFriendly co-workers, EXCELLENT mentoring program (provided you get a mentor that cares), good benefits, plenty of opportunity to move within the company-- provided you know the right people.

ConsVERY low starting pay; nearly impossible to live off as a new college grad. Hard to get interviews in other departments unless you know the right people (I.E. have recommendations from an SVP, etc.). If I did not have good references, it would have been nearly impossible for me to get interviews in the corporate finance group coming from the operations group.

Advice to Senior ManagementPay people more for entry level positions! It may be a good idea to cut a few jobs, give people more work and pay these people more (since most people in operations positions don't have anything to do most of the day anyways!). It is VERY difficult to move within coming from ops unless you know people. Management should seriously consider internal applicants at all times, but they do not. Also, if you are offered a promotion, even in another department, you will be capped at 10% (even if the salary range for external candidates is MUCH higher)!!! coming off a salary in the 30k range, a $3,000 raise is NOTHING. For a company that claims to pride itself on employee development and pride, they don't give entry level people much of an option other than to leave, get a decent salary and come back in the future for a higher salary.

Yes, I would recommend this company to a friend

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    • Culture & Values
           
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    Great place to Intern!

    Human Resources (Former Employee)
    Boston, MA

    I worked at State Street as an intern for less than a year


    Pros: Great people, nice offices, helpful coworkers, good cafeteria, volunteer events,… Cons: Layoffs - there were many empty desks at the time I was working,… Yes, I would recommend this company to a friend More
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Vice President in Mutual Fund Operations

    Vice President (Former Employee)
    Boston, MA

    I worked at State Street full-time for more than 10 years


    Pros: Employees are energetic and respectful. Always willing to assist others… Cons: Needs to be a higher focus on normalizing work hours to all employees to have… Advice to Senior Management: Improve Corporate Culture and work atmosphere Yes, I would recommend this company to a friend More
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At State Street, we know that smart, skilled, productive employees are essential to our company’s continued success. As a leading provider of financial services, with operations in 27 countries and more than… Full Overview

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