There are newer employer reviews for State Street

State Street- Not the best; Not the worst

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Business Analyst in London, England (UK)
Current Employee - Business Analyst in London, England (UK)

I have been working at State Street

No opinion of CEO
No opinion of CEO

Pros

Competitive Pay
Very large organisation with scope for movement across investment management services and beyond
Friendly, relaxed environment to work in

Cons

As a long term contractor, there can be limited opportunities to develop skills outside of those used in day to day functions

Advice to Management

Upper management need to understand the day to day implications of their ruthless cost cutting initiatives of the past few years

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  1. Helpful (1)

    A good foot in the door...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at State Street

    No opinion of CEO
    No opinion of CEO

    Pros

    A good first job for recent college graduates
    Satisfying if you plan on staying less than 2 years
    Lots of exposure to the operations side of Investment Banking

    Cons

    No room for advancement
    Little support for lateral movement into different roles
    Horrible work/life balance
    'More with less" philosophy
    Horrible raises and bonuses

    Advice to Management

    Have clear paths for advancement (I.e - after two years of employment and ex`exceptional performance, an accountant should be given a senior title and compensation to along with the role)

  2. Helpful (1)

    Easy job, low pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Valuations Coordinator in Toronto, ON (Canada)
    Former Employee - Investment Valuations Coordinator in Toronto, ON (Canada)

    I worked at State Street

    Approves of CEO
    Approves of CEO

    Pros

    Quite relaxed environment, some people are habitually 2 hours late showing up and average 2-3 hours of actual work. Lots of downtime and opportunity to handle personal stuff at work. People are mostly fresh out of school and quite collegial with one another, great social life.

    Cons

    Pay reflects the amount of effort put in. Very little opportunities to learn and grow, people stay in the same roles for years before they are promoted.

    Advice to Management

    Encourage innovation and start giving workers more responsibilities. Opportunities to cross train in other departments are non existent (despite the company propaganda.

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