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There are newer employer reviews for State Street

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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
Doesn't Recommend
Negative Outlook
Disapproves of CEO

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

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.

Other Employee Reviews for State Street

  1. Not a great place for motivated people

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Cool Coworkers, Good place to start a career but not for the long haul. Exposure to financial industry.

    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 nearly impossible. The company has been hiring people with no background in accounting/finance/business lately and hiring incompetent employees is getting to be pretty standard around here.

    Advice to Management

    Do something to retain good employees and stop hiring people with no financial knowledge/education since it is very hard to work with people that have no interest in business/finance.


  2. Helpful (1)

    Okay place coming out of College

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Procurement Officer in Boston, MA
    Current Employee - Procurement Officer in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Ability to gain some experience, understand office culture, networking, company has deep pockets so if you land in the right department (anything corporate - not fund or service operations) there is chance for nice perks.

    Cons

    Sometimes the company is too big for its own good. If you want to do anything or change process, it takes forever and environment is highly bureaucratic. The industry is highly regulated, so preforming change management is sometimes implausible. Many people that work here are "sticks in the mud" no matter what department you work for, they are all over the place. People tend to ‘pass the buck’ here, blame others for problems or would rather claim ‘it’s not my problem’ than actually sitting down and solving anything. This place needs a serious culture change.

    Advice to Management

    Treat your employees better thru higher pay - especially in the financial sercices operations areas - we are not slaves


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

See Most Recent

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