State Street

www.statestreet.com
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2 people found this helpful  

Current Operations Manager

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

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

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 ManagementAdvice

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.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

1487 Other Employee Reviews for State Street (View Most Recent)

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  1. 1 person found this helpful  

    Fund Accountant Intern

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

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

    Pros

    Ok salary, great accounting team, very knowdgabale managers

    Cons

    Very repetitive job, salary is not too good as competetors

    Advice to ManagementAdvice

    Hire more skilled snd smsrt people

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

    Fund Administrator

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

    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 ManagementAdvice

    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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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