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

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Helpful (1)

Good culture, bad pay

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Portfolio Accountant in Kansas City, MO
Current Employee - Portfolio Accountant in Kansas City, MO

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

Recommends
Negative Outlook
No opinion of CEO
Recommends
Negative Outlook
No opinion of CEO

Pros

Great community presence, volunteer services, employee appreciation events.

Cons

Terrible pay, terrible training, bad management,

Advice to Management

Better training, half of the people who have been hired within the last 2-3 years have no idea what they are doing and why.

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  1. Helpful (2)

    Great place to launch a career, salary makes it very hard to stay long term

    • 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
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Good benefits
    Simple job functions, don't need to think much after learning processes
    Relatively little job stress
    Friendly work environment
    Solid resume builder
    Will hire people with little work experience
    CEO and Senior Vice President conduct quarterly "Town Hall" style meetings where various issues within the company at the corporate and office levels are discussed

    Cons

    Job is very repetitive
    Very low salary for the industry, even up to the Officer level
    Relatively easy to get complacent within the company

    Advice to Management

    I don't blame direct management for low salary. Knowledge is power, management should focus more on explaining what the processes are doing, rather than just simply forcing you to memorize the proper steps.


  2. Helpful (3)

    A company that has no regard for employees or its future

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

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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    You get financial services experience. Only take an offer if you absolutely cannot get anything else. They pretty much hire anyone who can count these days, and even some that can't.

    Cons

    AWFUL PAY and extremely high turnover. A college graduate ( some people with masters) shouldn't have to pinch pennies or qualify for food stamps. The pay here forces you to do that. People usually stay for a year and leave to something better.

    Advice to Management

    Take some advice it's quite simple: quit hiring every person who walks in for an interview and give the current employees more responsibility and more pay.


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

See Most Recent

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