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

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Not a great place for motivated people

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at State Street

Doesn't Recommend
Negative Outlook
Disapproves of CEO
Doesn't Recommend
Negative Outlook
Disapproves of CEO

Pros

Cool Coworkers, Good place to start a career but not for the long haul. Exposure to financial industry.

Cons

Senior management does nothing to try to retain good talent.
Pay is very low and getting raises outside of the yearly 3% bump is nearly impossible.
The company has been hiring people with no background in accounting/finance/business lately and hiring incompetent employees is getting to be pretty standard around here.

Advice to Management

Do something to retain good employees and stop hiring people with no financial knowledge/education since it is very hard to work with people that have no interest in business/finance.

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  1. Helpful (1)

    Okay place coming out of College

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

    I have been working at State Street full-time (More than 3 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Ability to gain some experience, understand office culture, networking, company has deep pockets so if you land in the right department (anything corporate - not fund or service operations) there is chance for nice perks.

    Cons

    Sometimes the company is too big for its own good. If you want to do anything or change process, it takes forever and environment is highly bureaucratic. The industry is highly regulated, so preforming change management is sometimes implausible. Many people that work here are "sticks in the mud" no matter what department you work for, they are all over the place. People tend to ‘pass the buck’ here, blame others for problems or would rather claim ‘it’s not my problem’ than actually sitting down and solving anything. This place needs a serious culture change.

    Advice to Management

    Treat your employees better thru higher pay - especially in the financial sercices operations areas - we are not slaves

  2. Many great initiatives; no follow through

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

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

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

    Pros

    fast paced, staff level rotational opportunities

    Cons

    staff level rotational opportunities are disruptive to front-line managers and do not allow staff to obtain a "full picture" of the department before the staff member moves on to the next opportunity

    Advice to Management

    employee feedback is great however too many programs and not enought follow through. The day is full and most are not able to take the time for skill and career training since they are short staffed and over worked.

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

See Most Recent

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