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Strong company that rewards its top performers - Tons of OT is expected

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Senior Associate in Sacramento, CA
Current Employee - Senior Associate in Sacramento, CA

I have been working at State Street

Pros

Great starter job that does reward top performers (contrary to a lot of the other posts). Big name company that looks great on your resume. Will gain lots of industry knowledge.

Cons

90% percent of the promotions go to the top 10% of the employees. If you can't handle working long hours, dont work here. I typically average 53-60 hours a week, and have been ever since working at a staff level.

Advice to ManagementAdvice

Revamp performance reward program to help motivate the remaining 90% of the employees. Pay OT to all levels below VP.

Recommends
Approves of CEO

1313 Other Employee Reviews for State Street (View Most Recent)

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  1.  

    State Street review

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

    I have been working at State Street

    Pros

    Flexible work/life schedule encouraged. Generally competent co-workers. Opportunity for advancement-- ability to move around the bank

    Cons

    Compensation is slightly lower than other banks of this size. Bonus structure has been heavily weighted towards equity vesting over 4 years. Easy to fall into a braindead routine.

    Advice to ManagementAdvice

    Bank needs to have better tolerance for risk. Mgmt overreactive to bad news in market--hinders ability for business units to make money. Sr Mgmt can be very slow to approve/take advantage of market opportunities.

    Recommends
  2. 1 person found this helpful  

    FA II

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Fund Accountant Associate II in Boston, MA
    Former Employee - Fund Accountant Associate II in Boston, MA

    I worked at State Street

    Pros

    Good start to your career, get some industry knowledge

    Cons

    Don't get stuck too long, b/c before you know it you've been there for years with really nothing to show.

    Advice to ManagementAdvice

    Outsource you FA work

    Approves of CEO
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