There are newer employer reviews for State Street

Laid back, Young, Fun Company

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Bank Loan Specialist
Current Employee - Bank Loan Specialist

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

Pros

This place is very relaxed, depending on your department. Usually work is a little slow, so leaving you time to browse the internet for a while, however when its busy, you are SWAMPED! Work is not very challenging but fun.

Cons

Pay is very low compared to competitors such as Keybank, JP Morgan Chase, Commerce Bank etc. most of those companies are starting off at 40k where as Statestreet is starting 28K in KC. Most of my co-workers have two jobs

Advice to ManagementAdvice

Please stay relaxed and weed out those managers that we complain about.

Doesn't Recommend
Neutral Outlook
Approves of CEO
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  1. Good financial experience for younger employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Corporate Accounting Intern in Boston, MA
    Former Intern - Corporate Accounting Intern in Boston, MA

    I worked at State Street as an intern (less than a year)

    Pros

    Established internship program with a variety of opportunities
    Internship structure is structured to give interns experience with a wide variety of projects and departments

    Cons

    Several layers of reporting structures
    Internships in the investment side of the business are significantly more competitive

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 2 people found this helpful

    Button Pressing Sweatshop

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant in Sacramento, CA
    Former Employee - Fund Accountant in Sacramento, CA

    I worked at State Street full-time (more than a year)

    Pros

    401k is great, 100% match, fully vested after a year
    Majority of co-workers are fresh out of college, so you will have a group of people to commiserate with

    Cons

    So many, starting with the biggest:
    PAY- is excessively low, even with the current turnover rate (as high as 40% in some groups), State Street continually drops their non-negotiable, take it or leave it, subsistence level entry level salaries. They often claim they are right with the industry average in terms of pay, but I have never seen an article claiming the new industry average for finance & accounting is in the low to mid 30's. Work environment is generally miserable, aside from the happy hours you will be attending every other friday to celebrate the persons last day who you never really got to know in the first place because they weren't there for very long. Most people stay here for a year, starve, become great at excel, and leave for a job anywhere else that pays 10-20k more. With the economy picking back up, offers are getting rejected and current SSB employees are dropping like flies.

    Leave SS as your last option, and even at that point, look again, because you will get an interview, and an offer in short time after you apply.

    Advice to ManagementAdvice

    increase pay, responsibility...thereby reducing turnover.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
There are newer employer reviews for State Street

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