There are newer employer reviews for State Street

 

Good opportunity to learn business up until a certain point

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

I have been working at State Street full-time for more than 8 years

Pros

good networking both internally and externally

Cons

Opporutnity based on groups you are in and managers commitment to include you

Recommends
Neutral Outlook
Approves of CEO

1286 Other Employee Reviews for State Street (View Most Recent)

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  1.  

    Entry level experience with no job security or upward mobility

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Hedge Fund Accounting Supervisor  in  Boston, MA
    Former Employee - Hedge Fund Accounting Supervisor in Boston, MA

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

    Pros

    This is a good place to get a foot in the door in the financial industry.

    Cons

    There is almost no job security. They are constantly moving jobs overseas or out of state. There is very little upward mobility. You have to fight tooth and nail for a promotion. This place is very poorly managed at a high level. I worked in one group that was extremely understaffed and another that was so overstaffed I only did an hour of work a day. The VPs spend their time worrying about staggering lunches and making sure you're not 2 minutes late for work rather than making sure their appropriately staffed or getting enough new business to allow people to keep their jobs. I worked in multiple groups at this company and was miserable in every single one of them. If had to summarize the impression I got from upper management it would be 'just be glad you even have a job.'

    Advice to ManagementAdvice

    At some point the revolving door of entry level staff is going to backfire and you'll start losing clients. Start trying to retain quality employees who will make processes more efficient.

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

    State Street Rocks

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

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

    Pros

    Great Work life balance, specially if you are a parent and have to take care of kids. Great work from home options. Flex work schedule helps alot
    Diverse company environment

    Cons

    Low starting salary according to other companies in the same sector which really discourage the people to stick to the same position.

    Recommends
    Positive Outlook
    Approves of CEO
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