State Street

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

6 people found this helpful  

Zero regard for employees or their future.

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

I have been working at State Street full-time

Pros

Financial services experience.
The ‘big’ name of State Street – (which meant more before everything became centralized or work was being constantly outsourced).
Commute is good if you live in the city.

Cons

Disturbingly low pay; know your worth before you accept a job here.
High turnover, unexpected and surprise lay-offs, not all but most managers I’ve met either don’t manage or horde knowledge. You have to dig deep, long and far to learn something new and relevant since all the work is divided into Centers of Excellence. Horrible employee rating system which is totally sewed. Overqualified people working monotonous jobs.

Advice to ManagementAdvice

Care about the people who work for you, fight for them, teach them, challenge them. Get to know their needs, wants, desires, career goals, how they work. START BEING A MANAGER!

Doesn't Recommend
Negative Outlook
No opinion of CEO

1444 Other Employee Reviews for State Street (View Most Recent)

Sort: Rating Date
  1.  

    Big Company Normal

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street full-time

    Pros

    Company has been around for many years so as an entity very stable. With thousands of employees and a worldwide presence there are opportunities in a variety of areas. Corporate takes a lot of care to share vision with all levels of the firm and to expose different divisions to eachother.

    Cons

    Large companies tend to move rather slowly. Great deal of corporate policy and procedure.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    State Street is a performance based company that promotes the hardest workers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - First Line Manager
    Former Employee - First Line Manager

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

    Pros

    The best part of working for State Street is the managers are almost always people who not only excel at their job but are excellent with people skills. They try to get the most out of all of the talent that they have, by being accommodating to their employees.

    Cons

    The biggest con for State Street is that they do not have competitive salaries. The rest of the industry pays not just better, but generally much better than State Street.

    Advice to ManagementAdvice

    Advice for upper management would be to work with HR to create more defined carreer paths for employees that demonstrate excellence in their job. Also to increase the pay in general, they lose a lot of good employees to competiors for simple financial reasons.

    Recommends
    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for State Street

Work at State Street? Share Your Experiences

State Street

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.