State Street Reviews

Pros

Good learnig place for fresher

Cons

Slow growth and not a good pay master

Advice to Senior Management

no comments

Pros

Large company, lots of mobility. The size of the company allows you the opportunity to gather a lot of experience in a short period of time.

Cons

Salaries tend to be a bit lower then the industry standard but still competitive. Perhaps an increase in the percentage of work from home staff would make up for this.

Advice to Senior Management

Great job managing through the past turbulent years. Although we've taken a while to rebound we have come back faster and stayed up better then our competitors who continue to have unreported risks in their cupboards.

Pros

Pretty good work life balance.

Cons

Not much opportunity for career or compensation growth.

Pros

-Benefits
-Good place as an Officer to compare your past performance and responsibility and to gauge your ability to continue in mentoring new comers.

Cons

This relates only to the Investors Bank and Trust division, acquired by STT 2007:
- Non-existant leadership
- No focus on the work, only politic practicing
- Runny, red noses everywhere
- Unmotivated staff content on wasting your time
- Locker room feel
- Focus on breaking technology to interrupt the process and, in turn, wasting your time
- Training department is straight out of a PX90 commercial
- Employee morale dampered by politicing
- Coddling by large men better suited, but afraid, of construction

Advice to Senior Management

Refresh all levels in Back Bay. Walk in any office, they know it's coming. Force them to get on with the rest of their lives.

Pros

Good work environment and excellent growth opportunities.

Cons

Lack of formal training for temporary staff

Pros

Decent benefits, ok place to start out after graduating from school.

Cons

Low salary, high turnover, low morale.

Advice to Senior Management

Pay employees better and people wouldn't be quitting at the drop of a dime

Pros

Good learning experience
Good for new starter

Cons

The pay is below the market

Advice to Senior Management

Management should be more transparent.

Pros

There are lots of opportunites for growth within the company being that it is so large. The try to create a fun work environment and have quite a few employee appreciation events.

Cons

The salary is very low compared to industry averages. They could do a better job at paying for top talent. High turnover, which can create stress on those who stick around.

Advice to Senior Management

There needs to be better communication. Often times upper management seems to be out of touch with the associates. A lot of the decision making does not make a lot of sense.

Pros

They keep you busy and the days go by fast; peers seemed to be okay to work with, not really cut-throat

Cons

Managements puts very high pressure on first-line managers. I would say it's the most thankless level of position in the company. You need to either be the entry level or move to fund manager position quickly

Advice to Senior Management

Continue to do a great job with work-life balance, such as offering 4 10-hour work weeks, job share opportunities and others.

Pros

consistant pay check, job security

Cons

doesn't pay great, so many people you can get lost in the shuffle