State Street

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

 

Changing Environment

  • 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 3 years)

Pros

Global reach
Smart people
Good benefits
Plenty of mobility

Cons

New IT outsourcing making life difficult and progress slow.
Benefits are being cut year after year.
2nd year of pay-freeze for certain ranks and low merit for others
Layoffs occur every 6 months.

Advice to ManagementAdvice

Think long-term in regards to partnerships and personnel

Recommends
Neutral Outlook
Approves of CEO

1487 Other Employee Reviews for State Street (View Most Recent)

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  1. 1 person found this helpful  

    Fund Accounting = Brutal Experience, stay away, even if you're desperate, stay away.

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

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

    Pros

    Good name on the resume. I hear other departments other than Fund Accounting are excellent places to work, unfortunately I was stuck in Fund Accounting for a year.

    Cons

    -no transferable skills acquired
    -you learn very little
    -stay far away from Fund Accountant role, even if you are desperate for a job and get an offer from them as a Fund Accountant, keep looking for something elsewhere, it will be worth the wait.

    Advice to ManagementAdvice

    Take on less fund accountants and pay them more to do more work. the work is too spread out, i spent more than half of my day just staring at the computer screen.

    No opinion of CEO
  2. 2 people found this helpful  

    Career crippling

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

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

    Pros

    This can be a great company to work for if you get in a well run department.

    Cons

    Some - not all - of management is promoted based on social status and not on merit or education. Layoffs and job outsourcing make any position with this company feel unstable.

    Advice to ManagementAdvice

    Listen to your employees, if there is a common complaint then it's best to take a closer look at what is really happening. Turning a blind eye will only hurt the company in the long run.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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