State Street - Career crippling | Glassdoor
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There are newer employer reviews for State Street

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Helpful (2)

"Career crippling"

Star Star Star Star Star
  • 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.

Other Employee Reviews for State Street

  1. "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.


  2. "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.


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

See Most Recent

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