State Street - Good culture, bad pay | Glassdoor
There are newer employer reviews for State Street
There are newer employer reviews for State Street

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Helpful (1)

"Good culture, bad pay"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Portfolio Accountant in Kansas City, MO
Current Employee - Portfolio Accountant in Kansas City, MO
Recommends
Negative Outlook
No opinion of CEO

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

Pros

Great community presence, volunteer services, employee appreciation events.

Cons

Terrible pay, terrible training, bad management,

Advice to Management

Better training, half of the people who have been hired within the last 2-3 years have no idea what they are doing and why.

Other Employee Reviews for State Street

  1. 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.


  2. 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

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

See Most Recent

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