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State Street

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

I worked at State Street full-time

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

Pros

Great people world wide to work with

Cons

Company going thru a trend to save stock holders money by outsourcing their IT world wide.

Advice to Management

Upper management need to learn what all their employee's do for the company.

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  1. Management more worried about keeping their jobs rather than doing them

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

    I worked at State Street

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

    Pros

    Gallows humor is in full effect

    Cons

    Very political, pay is down


  2. Good place to start, but not a place for a career

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accountant Associate II in Kansas City, MO
    Current Employee - Fund Accountant Associate II in Kansas City, MO

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

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

    Pros

    *Great place to get some experience on your resume
    *Benefits better than average
    *On site cafeteria, coffee shop, and fitness center
    *Work from home access
    *Managers are generally flexible with work hours and personal issues (experience may very upon which team you are on)

    Cons

    *Abysmal pay (after one promotion and three merit "increases" I still qualify for food stamps)
    *Annual layoffs
    *Constant outsourcing to India
    *Employees generally unmotivated
    *Senior Management totally unaware of difficulties in the lower ranks
    *High turnover and constant short staffing

    Advice to Management

    Please increase the starting salary. When the economy turns around, no solid talent will be available. State Street has a terrible reputation from an employment stance. There is no reason an employee should qualify for food and housing assistance when you pull down billions of dollars in shareholder profits.


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

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