There are newer employer reviews for State Street

 

Finance

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

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

Pros

There are many smart people working here who care about doing a good/great job.

Cons

Responsibilities of those who left or was laid off were been reassigned to remaining staff. More pressure to work/life balance. Generally little senior mgr and manager support when requested. Mgt only care about getting the job done.

Advice to ManagementAdvice

Burning out staff. Need to revisit structure and not just bringing in your people from old company.

Recommends
Neutral Outlook
No opinion of CEO

1295 Other Employee Reviews for State Street (View Most Recent)

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  1. 1 person found this helpful  

    Avoid this Bank, all other financial institutions in Kansas City have better opportunities

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

    I worked at State Street full-time for more than a year

    Pros

    You'll get a few skills to add to your resume
    If you're married with a family then you will connect better and have an overall better experience

    Cons

    compensation is a joke for entry level
    micromanaged by the minute
    too much work in too little time, overtime is viewed a a performance issue
    management will fight tooth and nail to prevent overtime
    high stress, low pay, few career growth opportunities

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    IT Subject Matter Expertise - gone soon

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

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

    Pros

    Excelent work-life balance, depending on manager. Supportive and kind co-workers.

    Cons

    Continuously looming layoffs with not enough communication from management. Very Low morale. Bleak future outlook.

    Advice to ManagementAdvice

    Rethink the 'Strategic Partering' cost-saving idea, as the service and quality to clients is suffering. The subject matter expertise and critical thinking/analysis skills gained by experienced SSC employees over the course of their tenure here - and required in order to maintain top-notch service on complex functionality - have not been captured in the skills transfer to our strategic partners. Poor skills transformation model: complicated tasks and complex functions performed by several experienced SSC employees have been transferred to a single Wipro employee who is overloaded and at risk for errors. Performance, quality, and the company's reputation are at risk.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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