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Helpful (2)

Current Operations Manager

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

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

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

Pros

Good benefits package. However, this does not out way the cons of working here. Unless you are straight out of college or unemployed I would not recommend.

Cons

The pay is probably the worst part. Entry level positions are paid well below the market average. Work live balance is increasingly becoming very negative with layoffs and not replacing backfill positions. When you do get promoted and work here for several years you become a target for layoffs, this bank is not what it used to be.

Advice to Management

Get a clue. No raises for the majority of your employees and terrible bonuses, along with low pay, and layoffs/not replacing backfill positions is not the atmosphere to retain talented employees.

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  1. Helpful (1)

    Fund Administrator

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

    I have been working at State Street full-time (More than a year)

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

    Pros

    Ability to learn and take on new tasks is really up to you.
    Can transfer to new departments so other opportunities are available.

    Cons

    High stress
    Management is helpless to change
    Very low entry-level salaries so if you were to make a career at SS, you would need to leave and come back to get the pay you desire

    Advice to Management

    Would be nice to have a stock option program that is offered at other companies
    Discord when company performs well but jobs are still cut


  2. Helpful (1)

    Cheap and Paranoid!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accountant, Associate I in New York, NY
    Current Employee - Fund Accountant, Associate I in New York, NY

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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Decent work/life balance. Few overtime hours are required which I'm happy to put in since the pay is not great.
    Four weeks vacation if you've been at the company for 3 plus years.
    There are career opportunities if you're outgoing and can management's behind.

    Cons

    No raise, no bonus, horrible performance review system.
    IFS perks have quickly but surely dwindled. No cups, no candies in the kitchen. I need my 3pm starburst!!!
    Music sites have been banned. I'm pretty sure there have been extensive studies showing music improves employee productivity and morale.
    Managers can be nit-picky and annoying. Just put your head down and o your best work to zone out their pettiness.
    No annual company party. Pretty pathetic, me thinks.

    Advice to Management

    Think about the people!!!
    And get rid of the PPR...waste of time!


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

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