1306 Employee Reviews (View Most Recent)

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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 for 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

Other Reviews for State Street

  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 for 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.  

    Good entry level opportunities

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

    I have been working at State Street full-time for more than a year

    Pros

    -Multiple locations
    -Informative and helpful to newcomers
    -Biggest building in Boston
    -The job is changing every day
    -Lots of opportunities to grow within the company

    Cons

    -Salary is slightly lower than the market average but moving up is quick if you work hard
    and do a good job

    Advice to ManagementAdvice

    I think you guys do a great job of keeping things running smoothly and for the amount of employees there are I still feel significant.

    Recommends
    Neutral Outlook
    Approves of CEO
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