There are newer employer reviews for State Street

Overall great experience for anyone who has the ambition to seek opportunities for growth

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

I have been working at State Street full-time (more than 10 years)

Pros

Provides great training
Many talented people
There are growth opportunities for ambitious employees

Cons

There is no clear path for advancement.
The salary increases are small for internal moves and promotions. Many employees would do better with an outside move.

Advice to ManagementAdvice

Increase efforts to develop talent internally with management training program.

Recommends
Approves of CEO
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  1. It has been a good entry-level position.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Client Service Associate in Quincy, MA
    Current Contractor - Client Service Associate in Quincy, MA

    I have been working at State Street as a contractor (less than a year)

    Pros

    People are open to help you out in anything that you don't know. Employees are willing to help you and grow within the company.

    Cons

    It is disorganized, and it is notorious for its high turnover rate.

    Advice to ManagementAdvice

    Provide more incentives to keep top talent.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. A good place to stay 3-5 years

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

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

    Pros

    There is room to grow through internal movement, but you have to be aggressive about it. You need to move around business areas and not within team to really become valuable and learn more skills otherwise it will be difficult to market yourself to other companies.

    Cons

    Terrible pay increases when you move internally. You have to leave after 3-5 years to really move ahead and get comprable market pay.

    Advice to ManagementAdvice

    Conduct more frequent market analysis on pay. Get rid of the ceiling for internal movement for completely new job functions.

    Recommends
    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for State Street

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