State Street Reviews

Pros

-Friendly co-workers
-Competitive pay
-Laid-back atmosphere
-Good brand name for your resume

Cons

-Centralization
-Work can be routine
-Occasional pay cuts
-Long hours of work for current employees due to cost cutting inititatives

Advice to Senior Management

Management needs to recognize and reward top talent. Promotion should be based on meritocracy rather than favoritism. Management should also seek ways to retain and keep top talent. State Street will lose its edge in the long run if management doesn't seek ways to make this company as the employer of choice.

Pros

work Flexibility, resume builder, solid name

Cons

Pay, promotion withiin, long hours on quarter and month ends

Advice to Senior Management

Hang in there.

Pros

their reputation is probably their best asset. also, good experience on the finance field. it is a good start for someone heading towards a career in finance or business

Cons

work volume tends to be overbearing. also, there are things people with this role are responsible for, yet, those things are outside their control.

Advice to Senior Management

i would recommend increasing salaries across the board for this organization. this would decrease employee turnover and improve employee satisfaction.

Pros

High turnover so lots of opportunity to move up; plenty of business units if one is interested in horizontal movement as well; great benefits; management is very supportive of training and further education

Cons

the biggest con is low pay and lots of overtime; my hours when I worked there were 9am-7pm during non busy season; and during busy season 9am-midnight on week nights and 10am to 5pm on Sat and Sun; 5 reorganizations during the 3 years I worked there; low staff moral due to high turnover

Advice to Senior Management

reorganizations are necessary but management must keep communication open with staff; everytime there is a reorg, staff moral tank not knowing what's going to happen and staff get shoved around; and the terrible thing is the staff is kept in the dark and doesn't know about it until after the fact

Pros

Great benefits package and learning curve is constantly tested

Cons

Long hours, not a lot of support from managment.

Advice to Senior Management

Listen to employees more and understand what obstacles they are facing.

Pros

work with young people
great benefits and office
opportunities a plenty to find your niche in the financial industry

Cons

below average compensation
high turnover rate

Advice to Senior Management

raise entry level salary and replace top of parking garage with a basketball court

Pros

Benefits, compensation, equipment, self-paced learning available on intranet

Cons

Culture, cooperation, attitudes of fellow workers. Upper management does not share well (information, training, feedback, recognition, etc.) with middle management and employees. Many employees appear burned out and unmotivated.

Advice to Senior Management

When one of the major forces to bring employees together is their collective fear of layoff or dismissal, you should be very concerned about the spirit and loyalty of your workforce. Also, Global Human Resources needs to come out from behind their firewall and be more "human" with employees in the form of face-to-face meetings and other personalized efforts.

Pros

a lot of opportunities to gain experience and grow within the company

Cons

pay, high turnover for some positions

Pros

They only pro I can think of for this job is that it get's your foot into the financial industry.

Cons

Lack of communication from management, reliant almost entirely on emails. Training seldom reflect actual group specific tasks so you walk in pretty much unprepared to the job. If you change groups which often happens, what you learned in one seldom reflects what you will do in the next. What you learn is almost all arbitrary since the tasks that you preform require little to no principals of the subject, as to say the job is almost robotic. And one more thing, why do you need to print out so much paper!

Advice to Senior Management

Promote the right people, I don't know why they ignore the people who know the most in the group and then promote someone laterally from another group that doesn't know what's going on. It's almost impossible to bark orders like they do. Also applies to promoting seniors, promote the people in your group, don't import someone else who doesn't have the capabilities and knowledge of others already in the group as their superior.

Pros

Great work / life balance

Cons

If you stay within the firm growth is slow most ppl leave and come back to advance

Advice to Senior Management

When making decisions on operations you should ask the ones actually doing the for input. Also recognizing high performers more and actually rewarding them on a timly manner for retention.