State Street

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

 

OK place to start, terrible place to stay

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

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

Pros

Easy to get a job with no experience, work from home is available if you have a good manager who allows it

Cons

Huge focus on centralizing processes leaves you with a lot of experience in one area and almost no experience with anything else. It can be difficult to move on to another company if you stay there too long. A lot of promotions are based on who is next in line rather than who would actually be good for the position. Very poor compensation, my last bonus was 1% of my already low salary and actually getting tuition benefits approved is very difficult.

Advice to ManagementAdvice

Stop focusing on making your workforce as cheap as possible. A well paid employee is not just a cost to be minimized, but should be considered an asset that can bring in revenue.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

1387 Other Employee Reviews for State Street (View Most Recent)

Sort: Rating Date
  1.  

    immature co-workers and horrible pay

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

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

    Pros

    At the time I was there, they had amazing health benefits, vacation and working from home or flex schedule

    Cons

    Horrible pay - can barely afford to pay your bills on what they pay
    Can't keep good employees due to horrible pay and drama in the work force
    Many of the co-workers were more concerned with "high school drama" then getting their work done.

    Advice to ManagementAdvice

    You have some great leaders, but others that really don't know how to manage their employees and look at the picture.

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

    Low Risk = Low Reward

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

    I worked at State Street as an intern (less than an year)

    Pros

    Involved management, great feedback, and a good team atmosphere. The "flex" program is used quite often, allowing employees to work from home once a week, or adjust work hours.

    Cons

    Pay tends to be less glamorous than typical "banking" salaries. The term "Vice President" is thrown around very loosely.

    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for State Street

Work at State Street? Share Your Experiences

State Street

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.