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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 for 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

1285 Other Employee Reviews for State Street (View Most Recent)

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  1. 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 for 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
  2.  

    Intern - Financial Reporting (AIS)

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

    I worked at State Street as an intern for less than a year

    Pros

    Incredible amount of exposure to how Private Equity & Hedge Funds work.
    Great group of people to work with

    Cons

    Relatively low intern pay, but a great amount of learning.

    Advice to ManagementAdvice

    Reassess interview question

    Recommends
    Neutral Outlook
    Approves of CEO
There are newer employer reviews for State Street

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