There are newer employer reviews for State Street

Turnover

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

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

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

Pros

Numerous opportunities to move within the company

Cons

Turnover
Converting Full Time positions to College Interns and Part Timers

Advice to Management

Focus more on keeping people. The occasional "raise" and starting salary is not competitive. The amount of money spent on recruiting and training would surely be reduced if management cared about the people they already have.

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  1. Ok

    Current Contractor - Programmer Analyst in Boston, MA
    Current Contractor - Programmer Analyst in Boston, MA

    I have been working at State Street as a contractor (more than a year)

    Pros

    Its a good company to work with

    Cons

    Not flexible enough to understand employee issue and adjust

  2. Helpful (4)

    Shareholders are the only group matters today.

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

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Ok benefits, organized, a job, open for change

    Cons

    No or minimal raises, cut bonuses even if company is doing good, killing motivation

    Advice to Management

    Pay attention to your employees, just focusing on outsourcing will get you cheap work but kill creativity that you need in changing environment.
    Why do you have performance review if managers tell employees that they are told to rate everyone at 3?
    Buying back shares means you do not focus on growth but on increasing share value with minimal work.

There are newer employer reviews for State Street

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