State Street - Great place to launch a career, salary makes it very hard to stay long term | Glassdoor
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There are newer employer reviews for State Street

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Helpful (3)

"Great place to launch a career, salary makes it very hard to stay long term"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Fund Accountant in Sacramento, CA
Former Employee - Fund Accountant in Sacramento, CA
Doesn't Recommend
Neutral Outlook
Approves of CEO

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

Pros

Good benefits
Simple job functions, don't need to think much after learning processes
Relatively little job stress
Friendly work environment
Solid resume builder
Will hire people with little work experience
CEO and Senior Vice President conduct quarterly "Town Hall" style meetings where various issues within the company at the corporate and office levels are discussed

Cons

Job is very repetitive
Very low salary for the industry, even up to the Officer level
Relatively easy to get complacent within the company

Advice to Management

I don't blame direct management for low salary. Knowledge is power, management should focus more on explaining what the processes are doing, rather than just simply forcing you to memorize the proper steps.

Other Employee Reviews for State Street

  1. Helpful (1)

    "IFS - Fund Administrator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at State Street full-time (More than 5 years)

    Pros

    Large institution with strong industry presence

    Cons

    No cohesiveness amongst the subsidiaries.

    Advice to Management

    Restore management training programs


  2. "I currently work here....and would probably rather be unemployed"

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

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

    Pros

    ....trying to think. No one really bothers me because everyone keeps to themselves and are socially awkward.

    Cons

    First off, the starting salaries are ridiculously low. I almost thought they were joking when they told me. Secondly, the managers are all people who have literally worked here for so long they are miserable...but the fact that they stayed for so long is the reason they are promoted to management. There is no formal training, you're just expected to pick up this mindless work.

    Advice to Management

    A positive attitude would help.

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

See Most Recent

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