There are newer employer reviews for State Street

Good working environment, uncompetitive pay

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
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)

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.

Recommends
Positive Outlook
Approves of CEO
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  1. Experience: Fair. Better Opportunities out there.

    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at State Street as an intern (less than a year)

    Pros

    A great place to start within the Financial Services Industry.

    Cons

    Too much idle time.

    Advice to ManagementAdvice

    Show enthusiasm and support for employees that are willing to work . Furthermore, invest more on talents, lack of motivation sets in when employees are well compensated.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2. 3 people found this helpful

    Sad and Disappointing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

    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 ManagementAdvice

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

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

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