State Street - Lip-service to innovation, but comes up short | Glassdoor
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There are newer employer reviews for State Street

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"Lip-service to innovation, but comes up short"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Fund Accountant, Associate I in Sacramento, CA
Current Employee - Fund Accountant, Associate I in Sacramento, CA
Recommends
Negative Outlook
Approves of CEO

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

Pros

- Lack of a face-time culture: You get your work done, then you're free to leave.
- Low expectations: Expect to be treated like a genius if you can use a pivot table
- Amicable people and young, hip staff
- Lots of opportunities for training and development
- Nice facilities
- Lots of social clubs and opportunities to network

Cons

- Level of technological savvy is alarmingly low for a company so dependent on systems; especially among AVP+ level staff, but really true across-the-board
- Production is king: Think of this as being an assembly line or a glorified sweat-shop; Any and all time spent on process improvements is simply not rewarded
- There is no real push, at any level, for us to work better, faster and more efficiently unless something totally blows up and costs the bank money. Proactive, long-term thinking is notably absent.
- Local management-level communication of strategic direction is poor; expect to be treated like a mushroom
- "Churn and burn" culture; one HR manager told me that ~30% of new hires are expected to leave or be fired
- "Meat-head" culture; conversations are ~90% about sports; aspiration toward higher education is treated with suspicion
- Work is rather tedious, but at the same time medium-high stress

Advice to Management

- Provide innovation incentives
- You over-use Excel; train and encourage your staff to use other tools to tackle problems

Other Employee Reviews for State Street

  1. "Definitely a great experience for an internship as long as you push to do more than assigned"

    StarStarStarStarStar
    Former Intern - Financial Specialist in Sacramento, CA
    Former Intern - Financial Specialist in Sacramento, CA

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

    Pros

    Friendly management, great opportunities to pursue other directions within company.

    Cons

    Day to day job can get a bit repetitive and not exciting. The pay is below average.

    Advice to Management

    Give better project opportunities.


  2. "Few opportunities for growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Administrator in Boston, MA
    Former Employee - Portfolio Administrator in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The company provides very good benefits.

    Cons

    Employees are not satisfied with their responsibilities, some managers do not know how to manage teams, and there are few opportunities for employees in entry level positions to move up.

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

See Most Recent

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