State Street

  www.statestreet.com
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1291 Employee Reviews (View Most Recent)

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The company has a good career path

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

Pros

Over worked in the operational departments

Cons

good benefits and work/life balance

Recommends
Neutral Outlook
Approves of CEO

Other reviews for State Street

  1. 4 people found this helpful  

    Full of flaws

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Derivatives Pricing Specialist  in  Sacramento, CA
    Current Employee - Derivatives Pricing Specialist in Sacramento, CA

    Pros

    Coffee machines
    Casual dress everyday at Sacramento office
    Relatively easy to get hired right out of college

    Cons

    Low pay
    Boring, meaningless, repetitive work
    Upper management doesn't care about fostering growth amongst employees
    Extremely high turnover
    Absolutely no reason to stay longer than a year

    Advice to ManagementAdvice

    Pay higher salaries to reduce turnover. Make it a point to let employees know what exactly their tasks are accomplishing. Most people leave for better positions once they completed their CFAs, CPAs, and MBAs.

    Doesn't Recommend
  2. 5 people found this helpful  

    No experience? No passion? No problem!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant  in  Sacramento, CA
    Current Employee - Fund Accountant in Sacramento, CA

    Pros

    Any business related degree gets you in.
    Free coffee, tea, cocoa and plastic flatware.
    Depending on the department, you can sometimes get off early.
    Plenty of opportunity for overtime if you want it, and often when you don't.
    Get your work done to an acceptable level, and your managers will not ride you.
    3 weeks paid vacation starting.
    Generally friendly co-workers and management, from team leaders to VP's. (Sacramento)
     Nice view of the sunrise on the East side of the building and sunset on the West side (most days you will be there to watch both)

    Cons

    LOW Starting pay: less than the balance of my student loans.
    Every. Day. Is. Exactly. The same. Like the movie "groundhog day" except the events throughout only range from: stressful and terrible, to mundane.... occasionally there will be food.
    No one talks. It's creepy. People communicate through Email and Office messenger while seated only feet from one another.
    Only Parking is paid parking: even the "discount" 160$ monthly pass equates to 1$ LESS AN HOUR THAT YOU ARE BEING PAID.
    Work is, as a general rule not "hard", but the learning curve is steep, and once you have some clue of what you are doing, you realize how boring it is.

    Advice to ManagementAdvice

    Most management just does what they have been trained to do, and that is slog along and try to train the constant inflow of their subordinates, which is not their fault. But to the SENIOR management, there is a systemic problem that must be addressed: the only people who stick around long enough to get promoted are those not willing or qualified to seek employment elsewhere, thus perpetuating a culture of underachievement and widespread "Brain drain" to other companies. Sure the entry level grunts will still show up for peanuts, but at LEAST make promotions look attractive enough that people stick around for more than a few months. The managers make nearly the same as entry level positions elsewhere.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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