State Street
2.7 of 5 1,201 reviews
www.statestreet.com Boston, MA 5000+ Employees

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Stay away, if at all possible

Senior Fund Accountant (Current Employee)
Kansas City, MO

Pros- Laid back atmosphere
- Good mix of employees
- Good work/life balance, flexible scheduling
- Facilities are great

Cons- They provide absolutely 0 incentive for talented individuals to stay on-board
- Work is about as mundane as it can possibly get
- Slowly devaluing their employees (lowering hiring requirements, decreasing salaries, making tasks as repetitive as possible)
- 90% of management is clueless, and the other 10% are powerless

Advice to Senior ManagementTurnover rate is extremely high for a reason, the company as a whole simply doesn't care about keeping talented individuals within the company. On the rare occasion management is able to spot talent, they are usually powerless to do anything about it. The work is extremely mundane and repetitive, so you have to be constantly moving between groups in order to not get burnt out quickly.

In the 3 years I've worked here, State Street has lowered hiring requirements from a bachelors to associates degree, lowered starting salaries by 10%, and revamped their business structure to be less client-facing and make things more of an assembly line function. Obviously this is their attempt at squeezing profits, but there has been a significant loss of talent recently because of it. Not to mention the pay to begin with isn't competitive at all.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    Good Start

    Fund Accountant, Associate I (Current Employee)
    Sacramento, CA

    I have been working at State Street full-time for more than a year


    Pros: Great experience in investment management and mutual funds fields Cons: Salary is ridiculously low for this type of job and… Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company… More
    • Culture & Values
           
    • Work/Life Balance
           
    • Comp & Benefits
           
    • Career Opportunities
           

     

    Senior Tax Analyst

    Senior Tax Analyst (Former Employee)
    Boston, MA

    I worked at State Street full-time for more than 3 years


    Pros: Capable analyst can get quality technical analysis experience which is instrumental to finding a better job with a better company.… Cons: Company/group dynamics; imbalanced salary allocation; corporate culture; benefits & comp; they even got rid of the coffee makers and hot… Advice to Senior Management: None, they would not listen. 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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