State Street - Great launching pad coming straight out of college | Glassdoor
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There are newer employer reviews for State Street

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"Great launching pad coming straight out of college"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Associate II in Sacramento, CA
Current Employee - Associate II in Sacramento, CA
Doesn't Recommend
Neutral Outlook
No opinion of CEO

I have been working at State Street full-time (More than 5 years)

Pros

-excellent training program (financial products)
-opportunity to cross train and experience broad range of services
-pleasant work environment
-financial services experience transferable

Cons

-inexperienced managers (lack soft skills, likely to micro manage)
-pay isn't competitive

Advice to Management

Invest in people by providing and focusing on management skills.

Other Employee Reviews for State Street

  1. "Stay away, if at all possible"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Fund Accountant in Kansas City, MO
    Current Employee - Senior Fund Accountant in Kansas City, MO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    - Laid back atmosphere
    - Good mix of employees
    - Good work/life balance, flexible scheduling
    - Facilities are great

    Cons

    - They provide absolutely 0 incentive for talented individuals to stay on-board
    - Work is about as mundane as it can possibly get
    - Slowly devaluing their employees (lowering hiring requirements, decreasing salaries, making tasks as repetitive as possible)
    - 90% of management is clueless, and the other 10% are powerless

    Advice to Management

    Turnover rate is extremely high for a reason, the company as a whole simply doesn't care about keeping talented individuals within the company. On the rare occasion management is able to spot talent, they are usually powerless to do anything about it. The work is extremely mundane and repetitive, so you have to be constantly moving between groups in order to not get burnt out quickly.

    In the 3 years I've worked here, State Street has lowered hiring requirements from a bachelors to associates degree, lowered starting salaries by 10%, and revamped their business structure to be less client-facing and make things more of an assembly line function. Obviously this is their attempt at squeezing profits, but there has been a significant loss of talent recently because of it. Not to mention the pay to begin with isn't competitive at all.


  2. "Great place to Intern!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Human Resources in Boston, MA
    Former Intern - Human Resources in Boston, MA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at State Street as an intern (Less than a year)

    Pros

    Great people, nice offices, helpful coworkers, good cafeteria, volunteer events, classes to help you improve your business skills, diversity

    Cons

    Layoffs - there were many empty desks at the time I was working, very large company, sometimes there is a lot of downtown between intern assignments,

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

See Most Recent

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