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

See Most Recent

Helpful (6)

Waiting for State Street to change for the better..could take awhile

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

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

Locations close to public transportation
Work from home access but needs to be approved in advance

Cons

Culture has become outsource, outsource, outsource
Lack of proper training programs..mostly online training that's not really job related
Work is being outsourced to departments that make errors and don't take responsibility
Lack of career roadmap..To advance, it's based on being buddy-buddy with management and talking about sports rather than being based on an individual's credentials
Low salary compared to competitors
Annual reviews/raises aren't based on employee performance but a mathematical formula based on employee's annual earnings..If your salary is too low based on the company's mathematical equation, most likely you wil receive little or no raise
Raises for 2012 nonexistent except for upper management..Bonuses not as much as the past
Reward system was discontinued with nothing to replace it
Employee feedback isn't taken seriously

Advice to Management

Don't blame managers for the company not handing out raises...Hard work goes unnoticed..If employees were appreciated more and paid fairly compared to other companies, maybe there wouldn't be so much employee turnover.Listen to the employees that are keeping the company afloat rather than force change and ideas upon them that are unproven and untested

0 reviews filtered by
  • Any Location
  • Any Job Title
  • Any Status
  1. Helpful (2)

    It is what you make of it...

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

    I worked at State Street full-time (More than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Good introduction to the investment industry if you can not get right into trading or research

    Cons

    Stay to long and you get labeled a back office employee for life. Have to push yourself to make the next move if you don't see yourself in back office for the rest of your life.


  2. Good starting point

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

    I have been working at State Street (Less than a year)

    Pros

    Good work/life balance, descent starting pay, learn basic level accounting.

    Cons

    Same stuff everyday, not every challenging, Need to really enjoy accounting to work here, no CFA or CPA contributions from the company unless you know someone. Not a lot of new things to learn on a daily basis. A lot of ridiculous amort policies need to be remembered, not all of the clients follow the same rules.

    Advice to Management

    Give more information.


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

See Most Recent

Work at State Street? Share Your Experiences

State Street

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.