State Street - IFS - Fund Administrator | Glassdoor
There are newer employer reviews for State Street
There are newer employer reviews for State Street

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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

Other Employee Reviews for State Street

  1. "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.


  2. Helpful (2)

    "Current Operations Manager"

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

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

    Pros

    Good benefits package. However, this does not out way the cons of working here. Unless you are straight out of college or unemployed I would not recommend.

    Cons

    The pay is probably the worst part. Entry level positions are paid well below the market average. Work live balance is increasingly becoming very negative with layoffs and not replacing backfill positions. When you do get promoted and work here for several years you become a target for layoffs, this bank is not what it used to be.

    Advice to Management

    Get a clue. No raises for the majority of your employees and terrible bonuses, along with low pay, and layoffs/not replacing backfill positions is not the atmosphere to retain talented employees.

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

See Most Recent

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