State Street - If you are looking for a great career, look somewhere else. If you need a paycheck it'll do for a short term commitment. | Glassdoor
There are newer employer reviews for State Street
There are newer employer reviews for State Street

See Most Recent

Helpful (2)

"If you are looking for a great career, look somewhere else. If you need a paycheck it'll do for a short term commitment."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Fund Administrator in Kansas City, MO
Current Employee - Fund Administrator in Kansas City, MO
Doesn't Recommend
Negative Outlook
Disapproves of CEO

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

Pros

Most Weekends off and a constant paycheck. If you like OT come to State Street.

Cons

Off Shoring of work, very little bonus or pay raises for Administrators. All promises of career growth without target delivery dates. If you want a pay raise, you better just accept it will be in the form of OT. Parking and and benefits whatsoever are at a high cost in comparison to salary. I worked at State Street for over 5 years and not a single promotion. I feel as if i wasted 5 years of my life.

Advice to Management

Practice what you preach. When an employee looks for career advancement, management should provide some real guidance.

Other Employee Reviews for State Street

  1. 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


  2. 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


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

See Most Recent

Work at State Street? Share Your Experiences

State Street
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or