State Street - You know what you're getting, it's a safe place | Glassdoor
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There are newer employer reviews for State Street

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"You know what you're getting, it's a safe place"

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Fund Accountant Associate II in Sacramento, CA
Former Employee - Fund Accountant Associate II in Sacramento, CA
Recommends
Neutral Outlook
No opinion of CEO

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

Pros

It's a 45-hour per week financial services job. When you leave the office, you don't have to think about your job until you get back the next morning. And even then, you could easily get away with calling out or coming in late. If you can find a good few friends in the office, particularly in your group, it makes the job a lot more bearable.

An added bonus is you can definitely work this day job to support an entrepreneurial venture of your own. You can also get away with working on your own stuff during down time - which there is a lot of throughout the day. Also good to take advantage of 401K match.

Cons

There are a lot of routines that become mundane over time. General ledger processes aren't very exciting. A lot of times it feels like you're a glorified data entry employee. And you're not even that glorified for it. But again, you know what you're getting at State Street. It's safe.

Other Employee Reviews for State Street

  1. "Changing Environment"

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

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

    Pros

    Global reach
    Smart people
    Good benefits
    Plenty of mobility

    Cons

    New IT outsourcing making life difficult and progress slow.
    Benefits are being cut year after year.
    2nd year of pay-freeze for certain ranks and low merit for others
    Layoffs occur every 6 months.

    Advice to Management

    Think long-term in regards to partnerships and personnel


  2. Helpful (2)

    "Career crippling"

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

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

    Pros

    This can be a great company to work for if you get in a well run department.

    Cons

    Some - not all - of management is promoted based on social status and not on merit or education. Layoffs and job outsourcing make any position with this company feel unstable.

    Advice to Management

    Listen to your employees, if there is a common complaint then it's best to take a closer look at what is really happening. Turning a blind eye will only hurt the company in the long run.

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

See Most Recent

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