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

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Helpful (4)

Bad and Unethical People

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Business Analyst in Boston, MA
Former Employee - Business Analyst in Boston, MA
Doesn't Recommend
Positive Outlook
Disapproves of CEO

I worked at State Street full-time (More than 5 years)

Pros

Benefits are pretty good, but the company recently decreased the matching compensation for retirement. When completing benefit options, the company intentionally defaults to the more expensive options for an employee, i.e. the employee smokes, thus increasing their health care costs.

Cons

Stagnant business model with too many consultants running the show. The compensation for different divisions creates competition and does not foster a collaborative business. Senior management is unethical and HR is just a function in name. Stay away from this place at all costs.

Advice to Management

Quit. You are bad an unethical people ruining the lives of thousands of employees. You take advantage of economic downturn by laying people off and blaming the economy. You outsource jobs to China and India, yet senior/executive management still walks away with plush compensation. You increase the work hour and tell employees to work longer shifts, yet compensation decreases.

Other Employee Reviews for State Street

  1. Helpful (2)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Accountant in Kansas City, MO
    Former Employee - Fund Accountant in Kansas City, MO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at State Street full-time (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


  2. Finance

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time (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 Management

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


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

See Most Recent

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