There are newer employer reviews for State Street
There are newer employer reviews for State Street

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Good working environment, uncompetitive pay

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

I worked at State Street full-time (More than 5 years)

Recommends
Positive Outlook
Approves of CEO
Recommends
Positive Outlook
Approves of CEO

Pros

Nice colleagues who generally have the right work attitude and ethics.
Non-aggressive, so it is very good for people in internal control and risk management functions.
Encourage internal movements, very good for learning.

Cons

Low salary.
Limited empowerment at non US locations. All key decisions are escalated to US Headoffice. Low efficiency.

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  1. State Street was a great place to launch my career

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

    I worked at State Street (More than a year)

    Pros

    I feel I benefited from the company's commitment to allowing employees the flexibility to work from anywhere (role permitting) and its commitment to mentorship. They also provided great training for new employees and ongoing training for existing employees.

    Cons

    The company could be too bureaucratic at times


  2. Helpful (3)

    Sad and Disappointing

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Administrator - Associate II in Kansas City, MO
    Former Employee - Fund Administrator - Associate II in Kansas City, MO

    I worked at State Street full-time (Less than a year)

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

    Pros

    Nice people in HR and Training groups and co-workers were very nice. Company sponsored activities were fun and made the day to day work life enjoyable.

    Cons

    Most of my group quit just before I started and it didn't take long to figure out why. The departments are so segmented that it is difficult as a new employee to learn your job. I tried for almost a year and it was getting harder and harder to figure things out. I had so many managers that it was often confusing and they didn't seem to know their job either. State Street offered lots of training classes that would seem very useful while in the classroom, but then I would get back to my department only to be told "we don't do it that way" but then no instruction on how to "do it". There were endless checklists that we were required to sign off, most of which made sense only to the person who created them, and again no way to translate into non corporate lingo. I know I possessed the required intelligence to do my job as after all this is financial reporting and not rocket science but they were just unwilling to provide the tools.

    Advice to Management

    Be nice. Provide better training and encourage your employees rather than threaten them. We are all supposed to be on the same team.


There are newer employer reviews for State Street
There are newer employer reviews for State Street

See Most Recent

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