State Street

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

 

Bottom line concern and it's negative affect

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

I worked at State Street full-time (more than 10 years)

Pros

- Ability to work for a company with a great history.
- Opportunities to work in and learn a lot about multiple business lines.
- Work/life balance for the most part is great. Some managers are not big proponents which can negatively affect their groups moral.

Cons

The promotions at the AVP level and above can be a joke. Have to be put in a 'queue' and go up against others in the group instead of just being promoted truly on what you've accomplished.
To many functions offshored created chaos, resulted in extremely valuable employees being laid off.
Pay for people at the same level is/can be varied quite a lot. Need to come up with more equality.

Advice to ManagementAdvice

The affect of your laying off valuable employees (with decades of business line and corporate knowledge ) over the last 12-24 months, after prior years of cutting where some performance issues could be a reason, may have helped increase the value of SSC stock but also has had many negative consequences.
Bring jobs back to the U.S., truly value the employees and their knowledge, and promote people based on ability/performance and not a process such a putting them in a 'queue' like being in line at the deli.

Recommends
Negative Outlook
No opinion of CEO

1390 Other Employee Reviews for State Street (View Most Recent)

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  1.  

    Good experience albeit with minimal support from managment

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

    I worked at State Street full-time (more than an year)

    Pros

    Good benefits/compensation, good holiday pay and vacations time as well

    Cons

    Poor training and up-front expectations as well as responsibilities of the job position

    Advice to ManagementAdvice

    More initiatives for employees to grow and better training

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Bad company to work for--disrespected and unappreciated

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

    I worked at State Street full-time (less than an year)

    Pros

    Good co-workers (generally)
    Convenient locations
    Large company with lots of growth/transfers

    Cons

    Lots of overtime
    Low starting pay
    Very linear, repetitive job
    Complete disregard to your well being
    A normal case of a big company not caring about its smaller employees, toss you around and you can't fight back
    Extremely private company
    The environment isn't relationship friendly--they want you to work like ants and don't want you to make friends

    Advice to ManagementAdvice

    Respect/build relationships with your employees more so that they will want to work harder
    Stop treating employees as threats and more like people
    Trust your employees

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for State Street

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