State Street
2.7 of 5 1,201 reviews
www.statestreet.com Boston, MA 5000+ Employees

1201 Employee Reviews (View Most Recent)

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

Fund Accountant Associate II (Current Employee)
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 Senior ManagementPlease 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.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
           
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    • Senior Management
           
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    • Disapproves of CEO

     

    State Street

    Information Technology (Former Employee)
    Boston, MA

    I worked at State Street full-time


    Pros: Great people world wide to work with Cons: Company going thru a trend to save stock holders… Advice to Senior Management: Upper management need to learn what all their employee's do… No, I would not recommend this company to a friend More
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • No Opinion of CEO

     

    Management more worried about keeping their jobs rather than doing them

    Anonymous Employee (Former Employee)

    I worked at State Street


    Pros: Gallows humor is in full effect Cons: Very political, pay is down No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company… More
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At State Street, we know that smart, skilled, productive employees are essential to our company’s continued success. As a leading provider of financial services, with operations in 27 countries and more than… Full Overview

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