State Street

www.statestreet.com
There are newer employer reviews for State Street

4 people found this helpful  

Bad and Unethical People

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

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 ManagementAdvice

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.

Doesn't Recommend
Positive Outlook
Disapproves of CEO

1442 Other Employee Reviews for State Street (View Most Recent)

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  1.  

    Really great service

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Database Specialist in Columbia, SC
    Former Employee - Database Specialist in Columbia, SC

    I worked at State Street part-time (less than a year)

    Pros

    Really great co workers, Nice, courteous, quick learners, willing to train and help you.

    Cons

    Fast paced office, can be busy

    Advice to ManagementAdvice

    Try to train a little bit more and not be so fast paced.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    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 (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
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