State Street - Good place to start, but not a place for a career | Glassdoor
There are newer employer reviews for State Street
There are newer employer reviews for State Street

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"Good place to start, but not a place for a career"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Fund Accountant Associate II in Kansas City, MO
Current Employee - Fund Accountant Associate II 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

*Great place to get some experience on your resume
*Benefits better than average
*On site cafeteria, coffee shop, and fitness center
*Work from home access
*Managers are generally flexible with work hours and personal issues (experience may very upon which team you are on)

Cons

*Abysmal pay (after one promotion and three merit "increases" I still qualify for food stamps)
*Annual layoffs
*Constant outsourcing to India
*Employees generally unmotivated
*Senior Management totally unaware of difficulties in the lower ranks
*High turnover and constant short staffing

Advice to Management

Please increase the starting salary. When the economy turns around, no solid talent will be available. State Street has a terrible reputation from an employment stance. There is no reason an employee should qualify for food and housing assistance when you pull down billions of dollars in shareholder profits.

Other Employee Reviews for State Street

  1. "State Street"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Information Technology in Boston, MA
    Former Employee - Information Technology in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at State Street full-time

    Pros

    Great people world wide to work with

    Cons

    Company going thru a trend to save stock holders money by outsourcing their IT world wide.

    Advice to Management

    Upper management need to learn what all their employee's do for the company.


  2. Helpful (1)

    "If you show initiative you will be quickly promoted"

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

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

    Pros

    Good benefits
    Lots of flex work arrangements
    Promotion opportunities

    Cons

    Miserably low entry salary
    Large disconnect between associates and senior managers
    Most employees are underachievers and completely unmotivated

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

See Most Recent

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