State Street

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

 

Nothing to do in IT

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Anonymous Employee in Quincy, MA
Former Employee - Anonymous Employee in Quincy, MA

I worked at State Street full-time (more than 8 years)

Pros

None currently, at least in IT division or what's left of it.

Cons

Outsourcing everything, no sense of structure and direction, people treated as bodies and get assigned to roles that they have zero competency in. Outsourcing isn't working out as well as it was sold and presents more issues than it claimed to solve.

Advice to ManagementAdvice

Take people specialties and competencies in consideration before assigning them to fill available roles.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

1390 Other Employee Reviews for State Street (View Most Recent)

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  1.  

    Good company, good people, bad pay

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

    I have been working at State Street full-time (more than an year)

    Pros

    If you are in the right team, you feel welcome by the team members. Everyone work as a team together.

    Cons

    Low pay compare to other companies. The benefit is average, and you feel insecure working in this company since they layoff people all the time. Hard to get promotion and raise.

    Advice to ManagementAdvice

    In order for people to work hard, the company needs to pay the employees for what they deserve.

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

    Understaffed - long hours for many perm. employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager in Quincy, MA
    Former Employee - Project Manager in Quincy, MA

    I worked at State Street as a contractor (more than an year)

    Pros

    Profitable, growing company. One of the biggest in its field, global presence.

    Cons

    Past several years have continued to see job cuts and outsourcing. They will do whatever they can to save money. Hiring seems to be comprised of contractors

    Advice to ManagementAdvice

    People, departments, and divisions spread too thin may hurt company in long run. Of course current management won't care as long as they keep getting shares and increasing their value by eliminating jobs.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
There are newer employer reviews for State Street

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