State Street

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

 

Steady but Slow

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

I worked at State Street

Pros

Good total compensation and stability.

Cons

They rely on previous talent; the old guard remains in every IT area.

Advice to ManagementAdvice

Review some of the old guard, get fresh blood and stop offshoring jobs.

Recommends

1493 Other Employee Reviews for State Street (View Most Recent)

Sort: Rating Date
  1. 4 people found this helpful  

    Great place to start

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Associate in New York, NY
    Former Employee - Senior Associate in New York, NY

    I worked at State Street

    Pros

    -Entry level opportunities
    -Plenty of down time
    -Solid training program
    -Lots of time off
    -Excellent Senior Management
    -Good benefits plan

    Cons

    -Outsourcing!
    -Low pay
    -High turnover
    -Poor upper management
    -No concern for personal life
    -Promote based on time served
    -Not supportive of transferring departments
    -No recognition of doing exceptional job
    -Treated like a number

    Advice to ManagementAdvice

    Management needs to treat people as individuals rather than numbers. The way people are promoted is unfair and needs to be fixed.

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    The truth about State Street

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

    I have been working at State Street

    Pros

    -Flexible work arrangements in some business units.
    -Big emphasis on macros and infusing technology to reduce manual processing and increase efficiency.
    -Co-workers are friendly enough. I guess that's why they invented the bar.

    Cons

    -Pay is not competitive, and you have little to no bargaining chips because your position is mostly expendable.
    -Management has little to no sympathy with the plight of the worker bee.
    --You're constantly working (by work, I mean reconciling reports, signing off every page, fussing over the minutia, like proper signature & dates). I'm not a lazy person - the work is just very...dull.
    -Tight deadlines. Constantly.

    Advice to ManagementAdvice

    State Street Bank is a very top-heavy company. I cannot, for the life of me, figure out what the brass do on a day to day basis. That's the million dollar question.

    Doesn't Recommend
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.