State Street - Large financial firm with lots of opportunity for growth within-- provided you know the right people | Glassdoor
There are newer employer reviews for State Street
There are newer employer reviews for State Street

See Most Recent

"Large financial firm with lots of opportunity for growth within-- provided you know the right people"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Accountant in Boston, MA
Former Employee - Accountant in Boston, MA
Recommends
Neutral Outlook
Approves of CEO

I worked at State Street full-time (More than a year)

Pros

Friendly co-workers, EXCELLENT mentoring program (provided you get a mentor that cares), good benefits, plenty of opportunity to move within the company-- provided you know the right people.

Cons

VERY low starting pay; nearly impossible to live off as a new college grad. Hard to get interviews in other departments unless you know the right people (I.E. have recommendations from an SVP, etc.). If I did not have good references, it would have been nearly impossible for me to get interviews in the corporate finance group coming from the operations group.

Advice to Management

Pay people more for entry level positions! It may be a good idea to cut a few jobs, give people more work and pay these people more (since most people in operations positions don't have anything to do most of the day anyways!). It is VERY difficult to move within coming from ops unless you know people. Management should seriously consider internal applicants at all times, but they do not. Also, if you are offered a promotion, even in another department, you will be capped at 10% (even if the salary range for external candidates is MUCH higher)!!! coming off a salary in the 30k range, a $3,000 raise is NOTHING. For a company that claims to pride itself on employee development and pride, they don't give entry level people much of an option other than to leave, get a decent salary and come back in the future for a higher salary.

Other Employee Reviews for State Street

  1. "Great place to start your career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Kansas City, MO
    Former Employee - Anonymous Employee in Kansas City, MO
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time (More than 3 years)

    Pros

    Large Company
    On-Site Cafeteria
    On-Site Coffee Shop
    Thursday patio barbarque and ice cream days all summer
    They had many fun employee functions
    It was a fun place to work

    Cons

    Pay was good; not great
    Lots of turn-over and lay-offs

    Advice to Management

    Provide more career advancement opportunities for employees


  2. "Vice President in Mutual Fund Operations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Boston, MA
    Former Employee - Vice President in Boston, MA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at State Street full-time (More than 10 years)

    Pros

    Employees are energetic and respectful. Always willing to assist others and are managing thru the changing business requirements in a professional manner

    Cons

    Needs to be a higher focus on normalizing work hours to all employees to have a better Work Life Balance. Compensation and benefits continue to be reduced year over year.

    Advice to Management

    Improve Corporate Culture and work atmosphere

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

See Most Recent

Work at State Street? Share Your Experiences

State Street
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or