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There are newer employer reviews for State Street

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Helpful (1)

The name is OK for entry level resumes, but definitely not worth it

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Mill Turning Mule in Kansas City, MO
Former Employee - Mill Turning Mule in Kansas City, MO

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

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

Pros

- They'll take fresh college grads even in this economy
- Pays the bills (assuming you live the life of a hermit) and has decent benefits
- Gives you a reason to get up in the morning

Cons

- Meritocricy means nothing, seniority takes precedence over competence, initiative, and preformance in considerations for bonuses and promotions
- You WILL be managed by people who are clearly incompetent/stupid/insecure, and have been there for ages since they literally have no where else to go, and they know that
- Easy to be stuck in the back office trap, especially when most people around you have no ambition to do anything else and actually think they are "playing the corporate game"
- The work is basically glorified data entry, and future employers know that

Advice to Management

Seriously, outsource as much as you can to India/China, you get 5 people for the cost of 1 state school grad here, and each of of the 5 is twice as competent/productive as that idiot who surfs the internet 75% of the time anyways

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  1. Abandon All Hope, Ye Who Enter Here

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

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    They pay you. Not a living wage, but they pay you. And because they pay you so little, they pay you every week, which is good, because you need to be paid every week to do things like survive.

    Cons

    The entry level job pays $30,000, non negotiable. You are stuck at that rate for at least 1 year, without being able to change departments or receive promotion. Many of the benefits don't kick in until after a year, and if you last that long, you're probably stuck there.

    Advice to Management

    Recognize that employees are individuals and should be compensated according to their strengths. Also, don't just tell us to work and be happy for it. Occasional perks are useful (and making us pay for Casual Friday doesn't qualify)

  2. Helpful (1)

    Not the worst job, but far from the best

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

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

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

    Pros

    The insurance is good. Good amount of vacation. Finally starting to make strides to improve quality of life. Strong push to work from home.

    Cons

    Usually have to work long hours. There is low pay for lower levels. No OT for Higher levels. High turnover and constant changes which makes it difficult to improve worklife.

    Advice to Management

    Need more rewards and recognition

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

See Most Recent

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