State Street

  www.statestreet.com
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1223 Employee Reviews (View Most Recent)

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  • Culture & Values
  • Work/Life Balance
  • Senior Management
  • Comp & Benefits
  • Career Opportunities
  • Disapproves of CEO

 

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Not a great place for motivated people

    Anonymous Employee (Current Employee)

    I have been working at State Street

    Pros: Cool Coworkers, Good place to start a career but not… Cons: Senior management does nothing to try to retain good talent. Pay is very low and getting raises outside of the yearly 3% bump is… Advice to Senior Management: Do something to retain good employees and stop hiring people with no financial knowledge/education… No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company… More

     

    Low risk, low reward

    Client Operation Associate (Current Employee) Boston, MA

    I have been working at State Street full-time for more than a year

    Pros: advancement opportunities are good for everyone if you're talented Cons: salary, organizational skills are sometimes lacking, short staffing common, lots… More

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