State Street

www.statestreet.com
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Great place to start!!!!

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

I have been working at State Street

Pros

Good work life balance, good place to "start-out". A great amount of entry level opportunities. A vast amount of exposure to multiple asset classes.

Cons

Not enough opportunity to advance. Advanced degrees are not given their true weight. IT is very easy to get "stuck in the rut."

Advice to ManagementAdvice

Provide better feedback to all levels of the organization, bring a more concise view of the corporate wide strategic plans.

Approves of CEO

1487 Other Employee Reviews for State Street (View Most Recent)

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  1. 1 person found this helpful  

    Nice start

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

    I have been working at State Street

    Pros

    Higher right out of college no matter what you studied.

    Cons

    Low pay
    36 hour work week so you have to work the extra 4 hours to make it to 40 for overtime

    Advice to ManagementAdvice

    Management is Ok, no one to really look up too.

    Doesn't Recommend
    No opinion of CEO
  2.  

    Overall decent place to start fresh out of collebut get out quickly to ensure long-term success in your career elsewhere

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

    I have been working at State Street

    Pros

    -Decent Benefits
    -Good work/life balance, including generous vacation allowance (with ability to buy/sell additional days)
    -Solid, reputable name to have on your resume
    -Peer co-workers generally foster a collegial atmostphere
    -Overtime eligible
    -Volunteer Days

    Cons

    -Below market-level salary
    -Although each employee will have 2-3 supervisors/managers, there is a general lack of management throughout the organization
    -Management is very set in their ways and will make little regard for new ideas
    -Lack of performance based raises, promotions or bonuses (Everyone at each level makes the same regardless of how they perform in their role)
    -Although interesting at first, the work will become repetitious and stale which harbors the very high turnover rate

    Advice to ManagementAdvice

    Although a "shake-up" is in the works, there should be more regard for new ideas and methods for performing the tasks of each job. Employees should be recognized for superior performance versus peers in not only pay but other opportunities for growth and exposure. Rather than churning through employees (particularly in the most junior roles), hire less, more qualified people and pay them a market-competitive salary. There are other ways to reduce costs to your clients than keeping your costs low - look for efficiency opportunities, invest in IT systems and provide for academic and professional development.

    Doesn't Recommend
    Disapproves of CEO
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