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

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Helpful (2)

Button Pressing Sweatshop

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
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)

Doesn't Recommend
Negative Outlook
No opinion of CEO
Doesn't Recommend
Negative Outlook
No opinion of CEO

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 Management

increase pay, responsibility...thereby reducing turnover.

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  1. Helpful (3)

    I bet the homeless guy on the corner makes more than I do

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

    I worked at State Street full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Vacation time.... That is it... They even cut our 401k match by 1% last year. They try to buy our happiness with vacation days.

    Cons

    PAY PAY PAY PAY!!!!!!!!!!!!!! The salary here is so pitiful that I got a 40% increase when I left!!! Stay away, your bank account will thank you.

    Advice to Management

    Pay us


  2. Fund Accountant II

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

    I have been working at State Street full-time (More than 10 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Work/Life balance is good. I work from home so that is great especially with a young family. Downfall I am losing all my communication skills. Work with some good people at my level.

    Cons

    Just a job and pays the bills. Common theme among coworkers. Yearly layoffs which means additional work loads.

    Advice to Management

    Lacks communication. I didn't get a merit raise. End of year communication stated how well we have been doing. So much for that.


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

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