State Street

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

 

Good place to work however not great place to grow

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Vice President in New York, NY
Former Employee - Vice President in New York, NY

I worked at State Street

Pros

Excellent benefits. Most employees have 3-4 weeks vacation a year, company offers many different choices for health care.

Technology usage is impressive. As a technologist can learn a lot about many different technologies.

Cons

Many senior managers are clueless as far as how best to leverage their best talent. Many have the attitude that we have always done it this way hence we should continue to do it this way.

If you are not located in Boston it is very difficult to be promoted. Get the feeling that staff in NY are second class citizens.

Too much middle management.

Long hours with little compensation (whether it be financially or comp days).

Advice to ManagementAdvice

Take a look at your overall technology strategy and listen to some of your best and brightest as to how best to leverage technology to better support/drive business. Become a more inclusive company, less Boston centric - some of your best talent may not be located in Boston.

Approves of CEO

1490 Other Employee Reviews for State Street (View Most Recent)

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  1. 2 people found this helpful  

    Decent starter job, but not for keeps!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Fund Accountant Associate I in Kansas City, MO
    Current Employee - Fund Accountant Associate I in Kansas City, MO

    I have been working at State Street

    Pros

    Relaxed atmosphere, and structure, ample time for team and independent-work.

    Cons

    Many hours, some call it "slave street", and a somewhat depressing environment.

    Advice to ManagementAdvice

    Realize where the workloads are heaviest and make necessary adjustments. Also, have some consistency in the way things are instructed and processed, both for the accounting and custody sides.

    No opinion of CEO
  2. 1 person found this helpful  

    unless you're entry level w/ 0 experience, and the market is a tail spin like now.....this is not the place you want

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

    I have been working at State Street

    Pros

    Name recognition
    there's a chance of moving up

    Cons

    Pay scales at bottom 25 percentile,
    High workload and low compensation.
    may hurt your career staying long term because they do not encourage growth unless it's in the same department

    Advice to ManagementAdvice

    Gut the fat once in a while

    No opinion of CEO
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