State Street

  www.statestreet.com
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1293 Employee Reviews (View Most Recent)

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

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

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 ManagementAdvice

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.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

Other reviews for State Street

  1.  

    A great place to start and get some experience right out of school.

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

    Pros

    This is a big company and the entry-level positions are quite stable. They have a great training program that gives you some insight as to what you will be doing on a daily basis. The training continues once you join the team you work for. As with any job, you continue to learn every day on the job and assume more responsibilities as you move forward.

    Cons

    Unfortunately, it is tough to move up in this company. The best chance is to work for a year and transfer to a different team. Upward mobility is limited within your team. The salary is quite low, but it is something to work with.

    Neutral Outlook
    Approves of CEO
  2.  

    If you show initiative you will be quickly promoted

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Administrator - Associate II  in  Boston, MA
    Current Employee - Fund Administrator - Associate II in Boston, MA

    Pros

    Good benefits
    Lots of flex work arrangements
    Promotion opportunities

    Cons

    Miserably low entry salary
    Large disconnect between associates and senior managers
    Most employees are underachievers and completely unmotivated

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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