State Street - State Street, nothing special but not too bad either. | Glassdoor
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Helpful (2)

"State Street, nothing special but not too bad either."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Trade Processor Associate II in Irvine, CA
Current Employee - Trade Processor Associate II in Irvine, CA
Approves of CEO

Pros

Steady paycheck and you know where you stand most of the time. Work life balance is pretty good and there is mellow work culture as well.

Cons

The company is quite frugal in terms of vacation days and payment of other expences. Tuition reimbursement seems less than most other companies.

Advice to Management

Need to be more involved in the actual technicalities of the work. They have taken on a lot of operations from firms that did it in house and have grossly underestimated the turn around in the doing the processes effectively let alone efficiently.

Other Employee Reviews for State Street

  1. "A respectable place to start your financial services career but probably not a long term choice for most."

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

    Pros

    Good first job, way to get your foot in the door in the financial services industry. Certainly a good learning experience. Plenty of down time during the day (which can also be a weakness) to use for independent learning and development. Good amount of online training available. Recognized name. Good benefits. Very good 401(k) opportunities and vesting policy. A fairly safe company even given recent economic downturns. Senior and manager level is generally very competent and easy to approach. Located in arguably the nicest area of Boston.

    Cons

    Low pay compared to other companies in the industry (but also low work load and low initial expectations on job expertise, so probably the level of pay is very fair). Very high turnover. Not much challenge for creative minds. Groups seem to be "love it" or "hate it".

    Advice to Management

    Continue to be competent and your workforce will follow you. Look for ways to improve efficiency and thereby allow employees to benefit from greater workplace satisfaction and worklife balance.


  2. Helpful (1)

    "Too much bureaucracy"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Application Developer in Boston, MA
    Former Employee - Application Developer in Boston, MA
    Disapproves of CEO

    Pros

    State Street considers itself a technology provider to the financial services industry. As an IT worker this benefitted me. I got to work on some interesting projects. I picked up some new technical skills along the way. The pay was good, as were the bonuses.

    Cons

    In a word, bureaucracy. No work gets done without filling out the right form and having it approved by one, but more often more, levels of management.

    The long time employees there tended to have bad attitudes - complaining all the time. This combined with the bureaucracy tended to be a morale killer.

    Management had a very cavalier attitude toward night and weekend work. It was almost as if they didn't expect us to have lives outside work.

    Advice to Management

    Flatten the management structure. Reduce bureaucracy. Empower the line level employees more.

There are newer employer reviews for State Street
There are newer employer reviews for State Street

See Most Recent

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