State Street - There are better places to work and there are worse places to work... | Glassdoor
There are newer employer reviews for State Street
There are newer employer reviews for State Street

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"There are better places to work and there are worse places to work..."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Associate in Quincy, MA
Current Employee - Senior Associate in Quincy, MA
Neutral Outlook
No opinion of CEO

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

Pros

Work/life balance is addequate. It seems to depend on the group/function however. Some groups are very flexible while others are very rigid.

Cons

The size and the lack of consideration for the employees. Constant fear of the potential for offshoring functions. The employee rating system is political and not truly based on performance.

Other Employee Reviews for State Street

  1. Helpful (2)

    "Great experience but current direction is troubling"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Professional in Boston, MA
    Current Employee - IT Professional in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    I've been there average amount of years and experience has been mostly positive. Bonus is good, benefits are about average for a financial company but above average overall. There is a good amount of mentoring and other programs available to employees. Flex work schedule is a great benefit as well.

    Cons

    As IT employee, current direction to outsource almost all IT functions to IBM India is questionable. There is probably a good strategic reason for it at executive management level but I just don't see company saving any money over it, and IBM India resources are not on par with average former State Street internal IT resources. If it takes 4 times a long for outsourced resource to do same job as US/UK local resource for 1/2 the cost - price to performance benefits are not being realized.

    Transition to IBM has created a condition where people with most experience and knowledge of the environment left or are leaving and IBM does not offer sufficient resources at the right level to pick up the workload.

    I cannot speak for other business areas, but for IT professionals my advise is to stay away from State Street at this time.

    Advice to Management

    Try talking to IT people actually involved in transition to get a real sense of what's going on, instead of being satisfied with 1,000 ft ivory tower view.


  2. "So Far So Good. Easy to get hire. People are nice."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accountant, Associate I in Boston, MA
    Current Employee - Fund Accountant, Associate I in Boston, MA
    Recommends

    I have been working at State Street full-time (More than a year)

    Pros

    Work hours is stable. Working atmosphere is nice.

    Cons

    Low pay. A bit boring.

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

See Most Recent

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