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Associate II

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Associate II  in  Walnut Creek, CA
Former Employee - Associate II in Walnut Creek, CA

I worked at State Street full-time for more than 3 years

Pros

Great place to gain some experience for a new college grad. At least when I was there, the people were awesome, which is exactly what I miss the most. Other than that, the only other thing I can say about that place and the position is the hours were great.

Cons

I did not feel like there was much room for advancement, and the base salary was down right terrible. I know for a fact that an entry level job is San Francisco would be at least a 10-15K increase.

Doesn't Recommend
Negative Outlook
No opinion of CEO

Other Reviews for State Street

  1. 1 person found this helpful  

    Overworked, underpaid, & no advancement if your not the favorite

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Boston, MA
    Current Employee - Anonymous Employee in Boston, MA

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

    Pros

    A lot of locations. Nothing else

    Cons

    Pay bad
    Management bad
    Advancement non existent

    Advice to ManagementAdvice

    PPRs should be done for managers by their employees

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 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
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