State Street

  www.statestreet.com
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1291 Employee Reviews (View Most Recent)

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3 people found this helpful  

A company that has no regard for employees or its future

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

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 ManagementAdvice

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.

Doesn't Recommend
Negative Outlook

Other reviews for State Street

  1. 1 person found this helpful  

    Good culture, bad pay

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

    Pros

    Great community presence, volunteer services, employee appreciation events.

    Cons

    Terrible pay, terrible training, bad management,

    Advice to ManagementAdvice

    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.

    Recommends
    Negative Outlook
    No opinion of CEO
  2. 2 people found this helpful  

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

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

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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