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Great launching pad coming straight out of college

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Associate II in Sacramento, CA
Current Employee - Associate II in Sacramento, CA

I have been working at State Street full-time (more than 5 years)

Pros

-excellent training program (financial products)
-opportunity to cross train and experience broad range of services
-pleasant work environment
-financial services experience transferable

Cons

-inexperienced managers (lack soft skills, likely to micro manage)
-pay isn't competitive

Advice to ManagementAdvice

Invest in people by providing and focusing on management skills.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

1318 Other Employee Reviews for State Street (View Most Recent)

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  1.  

    Great work life but very low pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Portfolio Administrator in Boston, MA
    Current Employee - Portfolio Administrator in Boston, MA

    I have been working at State Street full-time (more than an year)

    Pros

    - Work life is great
    - Depending on your team, atmosphere is great
    - Generally young staff which is great for networking

    Cons

    - Can be very dull and mundane
    - Low Salary
    - Depending on your team, atmosphere can be horrible

    Advice to ManagementAdvice

    Turn over is very high, everyone who works there is looking for other jobs. To keep quality and hard working employees - increase wages.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

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

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

    I worked at State Street full-time (more than an year)

    Pros

    Friendly 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.

    Cons

    VERY 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 ManagementAdvice

    Pay 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.

    Recommends
    Neutral Outlook
    Approves of CEO
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