State Street

www.statestreet.com
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There are newer employer reviews for State Street

 

Job environment

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Software QA Engineer in Redwood City, CA
Current Employee - Software QA Engineer in Redwood City, CA

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

Pros

Excellent team, competitive work, good salaries and benefits, nice location

Cons

The system is a bit complex as it involves the FX trading. It takes a little while to understand the system.

Recommends
Positive Outlook
Approves of CEO

1488 Other Employee Reviews for State Street (View Most Recent)

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  1. 4 people found this helpful  

    Unrewarding, both professionallly and in terms of compensation

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

    I worked at State Street full-time (more than 10 years)

    Pros

    1.) If you work in the right area you may be eligible for a Flexible Work Arrangement (Note: Those privileges are can removed from an entire department, without notice, as a form of communal punishment for operational losses within a separate area of the department)

    2.) If you become CEO you will be the 3rd highest paid in the entire industry.

    Cons

    Talent Loss/Brain Drain is remarkably high at State Street. With little to no merit increases for employees over the past 7 years, attrition rates for talented employees are extremely high. The remaining lesser-skilled employees have been forced to work longer and harder to implement unrealistic cost savings plans (i.e. outsource their own jobs). As a result, moral among employees is terrifyingly low (crying at the desk, storming out of the building are not rare events) and operational losses seem to be occurring at unprecedented rates.

    Advice to ManagementAdvice

    If you care about your employees, your employees will care about you and your clients. In Jay's short time as CEO he has obliterated the loyalty of what was once the most loyal employee base in the industry.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Good environment, good people, too much distance between executives and associates.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in Kansas City, MO
    Former Employee - Assistant Vice President in Kansas City, MO

    I worked at State Street full-time (more than 10 years)

    Pros

    Good environment, lots of opportunities

    Cons

    Executive management too disconnected, lost focus on employees for bottom line profits.

    Advice to ManagementAdvice

    Seemed like SSBT was headed in the same direction of large wall street companies - sacrificing employees for executive bonuses and bottom line.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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