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

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Helpful (1)

Easy work, terrible pay

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Fund Accountant in Boston, MA
Current Employee - Fund Accountant in Boston, MA
Doesn't Recommend
Positive Outlook
Disapproves of CEO

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

Pros

-Work is not strenuous -Great work/life balance with work from home -Benefits are above average -Working with the right group can make the job fun -If you put in the work, you will get recognized

Cons

-Pay is ridiculously low, with essentially no raises this year. -Repetitive button pushing in order to process tasks for accounting. You won't know if it's Monday or Thursday.

Other Employee Reviews for State Street

  1. 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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    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


  2. 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
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    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.


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

See Most Recent

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