State Street

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  www.statestreet.com

State Street Reviews in Kraków

Updated December 16, 2014
Updated December 16, 2014
1,390 Reviews
2.8
1,390 Reviews
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State Street President and CEO Joseph (Jay) L. Hooley
Joseph (Jay) L. Hooley
450 Ratings

Review Highlights

Pros
  • Good work life balance with potential to work from home or create a flexible schedule (in 132 reviews)

  • The flex work schedule, most people have an option to work from home twice a week (in 65 reviews)


Cons
  • Work/Life balance is one of their "core tenets" but they don't practice what they preach (in 42 reviews)

  • long hours, too much operational work, not so many bright people that can inspire you (in 57 reviews)

More Highlights

8 Employee Reviews Back to all reviews

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  1.  

    Good for as the first professional experience in corporate world

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant in Kraków (Poland)
    Current Employee - Fund Accountant in Kraków (Poland)

    I have been working at State Street full-time (more than an year)

    Pros

    Communicatoion with donor side on daily basis, possibilty to learn a lot

    Cons

    Repetetive job depending on a position

    Recommends
    Positive Outlook
  2. 2 people found this helpful  

    Mundane, thoughtless and repetitive work with no opportunity to differentiate yourself from the herd.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant, Associate I in Kraków (Poland)
    Former Employee - Fund Accountant, Associate I in Kraków (Poland)

    I worked at State Street full-time (more than an year)

    Pros

    - Unlimited filtered water and ice. New building adjacent to a shopping mall. Employees who perform their work quickly can go to the mall and spend the majority of their time surfing the web using free wifi in the mall.

    Cons

    - Trained over the telephone by someone who had been working in the company for a couple of years but didn't know how to use keyboard shortcuts in excel or windows
    - Fragmented company vision. (certain supervisors choose to disregard the company outlook)
    - First town hall for IFS (hedge fund services) only came about after 4 years in Poland. The average employee has no idea what the company does other than some cheesy buzzwords. e.g. The Way Ahead
    - Conflicting messages: some supervisors say you are open to execute your tasks in any way you see fit, others have a more fascist and childish approach to their management with an inability to control their impulses, discuss things like rational adults or recognize others' real talent
    - Citrix: A virtual windows client used company-wide that ensures "security", while at the same time makes transferring 15kb (that is KILOBYTE, not MEGABYTE) files a process that takes nearly a minute
    - Upon asking the supervisor for their rationale regarding the improvement of the system, the response was: it makes your work more interesting
    - General system issues nearly on a daily basis.
    - Legacy software with a complete lack of effectiveness or design
    - Business continuity planning is preached routinely, but the company has never even bothered to do a stress test of its backup servers, which when the main servers crash (bi-monthly), slows the already crawl-like speed of the system to 0.
    - Generally, a toxic environment but great for those who seek a simple job with no eye on real career development
    - Company policy dictates that the amount of time worked directly relates to job promotions, leaving those with superior skills to rot while going through the motions of the mundane daily tasks
    - The company celebrated their 2000th Polish employee by giving out cheap bisphenol-A plastic water bottle which leaked when turned upside down or sideways

    If it ain't broke, don't fix it...even if it it broke, don't fix it.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Associate 2

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant Associate II in Kraków (Poland)
    Current Employee - Fund Accountant Associate II in Kraków (Poland)

    I have been working at State Street full-time (more than 3 years)

    Pros

    Good for the beginning, many opportunities, good global inclusion initiatives, mostly great people, bonuses, quite good working culture, education support program

    Cons

    bad management, some people are very impolite, quite low salary, low bonuses, work is mostly the same every day, boring, it is difficult to benefit from education support program if your manager doesn't like your idea of self developement

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Fund Accountant in IFS

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant, Associate I in Kraków (Poland)
    Current Employee - Fund Accountant, Associate I in Kraków (Poland)

    I have been working at State Street full-time (more than an year)

    Pros

    Good starting salary, interesting job benefits. Company creates great opportunity to work in international management. If you work hard you can get a chance to be transfered to another location abroad.

    Cons

    Depending on client, can be extremelly stressful. Your supervisiors are usually based abroad, in donor center, therefore they are not able to evaluate your performance objectivelly.

  6. 4 people found this helpful  

    It looks like an office but it is actually a factory.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant in Kraków (Poland)
    Former Employee - Fund Accountant in Kraków (Poland)

    I worked at State Street full-time (less than an year)

    Pros

    I think the only reason to start working in State Street is that they are paying 3500 gross a month to a graduate (as of 25.05.2013). This salary is an upper-middle one in the Krakow's business outsourcing scene.

    Cons

    Fund accountant job doesn't involve any financial knowledge at all. You just follow the written procedure each and every day. You just have to clik in Excel as quickly as possible. The funniest and most stupid part of the job is the so called "pricing" You have to print a few dozen pages and check if the numbers are the same on each of the pages. You make a tick to each number on a page.

    The job is very boring, mundane and repetitive. Each and every day you are doing the same thing.
    The only positive side of this State Street factory is that people who would have to otherwise work in a factory can instead work in an 'office factory'. It differs from a real factory in things such as you don't have to carry heavy objects. Instead, you just push light papers mindlessly.

    If you have any talent whatsover, stay as far from State Street as possible.

    Advice to ManagementAdvice

    The management won't bother with any comments and won't treat workers better. They know that the employees have no exit opportunities and are easily replaceable in Krakow.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 2 people found this helpful  

    The best place to work if you don't have any ambition

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Kraków (Poland)
    Former Employee - Anonymous Employee in Kraków (Poland)

    I worked at State Street full-time (more than an year)

    Pros

    job is easy and if you know how to manage your time, you have time for lunch.
    good environment.
    useful benefits
    good name on your cv

    Cons

    Let me think.
    Low salary. ridicolous salary.
    Unexperienced management. senior associates are there because they have been patient and they haven't left the company after few months as any individual with a sound financial background and ambition would do, provided that you haven't got caught in the hamster wheel.
    Trainings and meeting are useless and take place just because the corporation says so.
    1to1 meetings are a waste of time and are usually scheduled for the rush hours.

    Advice to ManagementAdvice

    nothing. really.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  8.  

    Fine place to start

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant in Kraków (Poland)
    Former Employee - Fund Accountant in Kraków (Poland)

    I worked at State Street full-time (less than an year)

    Pros

    It's a good place to start your career, easy to get into straight after studies. If you want, you can learn quite a bit of practical basics of finance. If you don't want, you can click F11 all day and still get paid. Company offers quite ok internal trainings, some opportunities of advancement and stability.

    Cons

    Rather old fashioned and not used anywhere outside the company accounting system. If you don't want to be a small gear in a huge machine - stay clear. If you want opportunities to exercise your creativity and find your true self at work - stay clear. If you want a CV position that will help you reach executive levels - stay clear. In short - you are not an unique snowflake here.

    Advice to ManagementAdvice

    If it ain't broken - don't fix it. And it doesn't seem to be broken.

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Dull, unclear career path, feels like work in factory

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant in Kraków (Poland)
    Current Employee - Fund Accountant in Kraków (Poland)

    I have been working at State Street full-time (less than an year)

    Pros

    Logistic working conditions. Salary ain't so bad (equals to national average). I wish I could add any others but even I gave it some thought nothing comes to my mind.

    Cons

    Constant feeling of being watched due to login cards, cameras and open space. Lack of career opportunities, not able to negotiate any work conditions. After 2 months you may already feel stuck and bored to death. Most of the jobs outsourced to Poland is mindnumbing. I worked in a factory during some high school holidays several years ago and I find many similarities with SSC - you just don't have to get your hands dirty. Courses and trainings are a joke.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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