State Street - sweatshop | Glassdoor
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There are newer employer reviews for State Street

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Helpful (4)

"sweatshop"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - FLM in Quincy, MA
Current Employee - FLM in Quincy, MA
Doesn't Recommend
Disapproves of CEO

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

Pros

Its a Job, provides experience

Cons

Long hours, crap pay, horrible compensation

Advice to Management

spread the wealth and give employees more incentive to work hard

Other Employee Reviews for State Street

  1. Helpful (6)

    "Waiting for State Street to change for the better..could take awhile"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate II in Boston, MA
    Current Employee - Associate II 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

    Locations close to public transportation
    Work from home access but needs to be approved in advance

    Cons

    Culture has become outsource, outsource, outsource
    Lack of proper training programs..mostly online training that's not really job related
    Work is being outsourced to departments that make errors and don't take responsibility
    Lack of career roadmap..To advance, it's based on being buddy-buddy with management and talking about sports rather than being based on an individual's credentials
    Low salary compared to competitors
    Annual reviews/raises aren't based on employee performance but a mathematical formula based on employee's annual earnings..If your salary is too low based on the company's mathematical equation, most likely you wil receive little or no raise
    Raises for 2012 nonexistent except for upper management..Bonuses not as much as the past
    Reward system was discontinued with nothing to replace it
    Employee feedback isn't taken seriously

    Advice to Management

    Don't blame managers for the company not handing out raises...Hard work goes unnoticed..If employees were appreciated more and paid fairly compared to other companies, maybe there wouldn't be so much employee turnover.Listen to the employees that are keeping the company afloat rather than force change and ideas upon them that are unproven and untested


  2. "Good starting point"

    Star Star Star Star Star
    • 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

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

    Pros

    Good work/life balance, descent starting pay, learn basic level accounting.

    Cons

    Same stuff everyday, not every challenging, Need to really enjoy accounting to work here, no CFA or CPA contributions from the company unless you know someone. Not a lot of new things to learn on a daily basis. A lot of ridiculous amort policies need to be remembered, not all of the clients follow the same rules.

    Advice to Management

    Give more information.


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

See Most Recent

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