There are newer employer reviews for State Street

2 people found this helpful  

Lots of Work for Little Pay

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

I have been working at State Street full-time (more than 5 years)

Pros

Can work from home when needed.

Cons

Expected to work from home often off hours and for free. Company expects the world from its employees and pays much less than compettitors.Turnover is really high because no one is happy.

Advice to ManagementAdvice

Treat your employees better and pay a higher wage, if not keep watching turnover increase.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

1325 Other Employee Reviews for State Street (View Most Recent)

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  1.  

    Changing Environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Boston, MA
    Current Employee - Assistant Vice President in Boston, MA

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

    Pros

    Global reach
    Smart people
    Good benefits
    Plenty of mobility

    Cons

    New IT outsourcing making life difficult and progress slow.
    Benefits are being cut year after year.
    2nd year of pay-freeze for certain ranks and low merit for others
    Layoffs occur every 6 months.

    Advice to ManagementAdvice

    Think long-term in regards to partnerships and personnel

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Fund Accounting = Brutal Experience, stay away, even if you're desperate, stay away.

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

    I worked at State Street full-time (less than an year)

    Pros

    Good name on the resume. I hear other departments other than Fund Accounting are excellent places to work, unfortunately I was stuck in Fund Accounting for a year.

    Cons

    -no transferable skills acquired
    -you learn very little
    -stay far away from Fund Accountant role, even if you are desperate for a job and get an offer from them as a Fund Accountant, keep looking for something elsewhere, it will be worth the wait.

    Advice to ManagementAdvice

    Take on less fund accountants and pay them more to do more work. the work is too spread out, i spent more than half of my day just staring at the computer screen.

    No opinion of CEO
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