State Street - Lots of Work for Little Pay | Glassdoor
There are newer employer reviews for State Street
There are newer employer reviews for State Street

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Helpful (3)

"Lots of Work for Little Pay"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Officer in Boston, MA
Current Employee - Officer in Boston, MA
Doesn't Recommend
Negative Outlook
Disapproves of CEO

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

Pros

Can work from home when needed.

Cons

Expected to work from home often off hours and for free. Company expects the world from its employees and pays much less than compettitors.Turnover is really high because no one is happy.

Advice to Management

Treat your employees better and pay a higher wage, if not keep watching turnover increase.

Other Employee Reviews for State Street

  1. Helpful (1)

    "Fund Accounting = Brutal Experience, stay away, even if you're desperate, stay away."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Accountant in Boston, MA
    Former Employee - Fund Accountant in Boston, MA
    No opinion of CEO

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

    Pros

    Good name on the resume. I hear other departments other than Fund Accounting are excellent places to work, unfortunately I was stuck in Fund Accounting for a year.

    Cons

    -no transferable skills acquired
    -you learn very little
    -stay far away from Fund Accountant role, even if you are desperate for a job and get an offer from them as a Fund Accountant, keep looking for something elsewhere, it will be worth the wait.

    Advice to Management

    Take on less fund accountants and pay them more to do more work. the work is too spread out, i spent more than half of my day just staring at the computer screen.


  2. "Decent Starting Place"

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

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

    Pros

    Great starting point, you can learn the back office business very quickly. Retirement benefits are good and colleagues are pleasant.

    Cons

    Pay is pathetic, bonuses and yearly reviews are HIGHLY politicized based on executive management. General training level and knowledge levels are low in USIS.

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

See Most Recent

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