State Street - Student Intern | Glassdoor
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There are newer employer reviews for State Street

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"Student Intern"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Intern - Anonymous Intern
Former Intern - Anonymous Intern
Recommends
Positive Outlook
Approves of CEO

I worked at State Street as an intern (Less than a year)

Pros

Excellent company. Good pay and friendly, involved management.
The interview process was set up through my university. I had one on-campus interview and then I was called in to meet the managers. Overall, good company.

Cons

None, really. This position was a great way to launch a career in finance.

Other Employee Reviews for State Street

  1. "Investment Operations Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Great for entry level positions from college

    Cons

    Culture is horrible
    management doesn't care about people more than their own survival in the company.


  2. Helpful (4)

    "NOT a place to build a rewarding and lucrative career."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate II
    Current Employee - Associate II
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    They'll hire just about anyone and the work is very easy. Good place to earn a little money while you hunt for more legit jobs.

    Cons

    Pay: Consistently pays the lowest in the industry. Bonuses are a joke in good times (aka 2007). With a good rating, nice VPs, and a fully funded bonus pool you can expect about $1,300 pretax. Last year the good groups got $700 pretax. Raises are about 2% annually... yeah. You read that right, 2% of your measly 40k salary.

    Job growth: They have a terrible promotional system. Rarely is hard work recognized. Many higher ups have no idea what goes on at the actual work level and do their best to ignore work distribution.

    Benefits: They used to be good but the company is constantly cutting them to save money. Now they are just like any other company.

    Culture: The company actively endorses a very sad culture. They spend enormous resources saying that they care about your career and that they're always "attracting and retaining" the best talent but that's hardly ever the case. The company has a reputation of hiring everyone who just couldn't get a job anywhere else. They want you to be that worker who has no ambition and will work in the same job for 10+ years until they eventually lay you off and re-hire you at a fraction of your last pay. It's depressing how many people are ok with that.

    Advice to Management

    Start over. Rethink the whole strategy. Get some fresh thinking in there. The company is so badly entrenched with laughable HR policies that it has become a zombie bank. Most employees are unmotivated and perfectly content to just sit there on 40k a year and do the same thing over and over and over until they get laid off. The company has a reputation of hiring the lower tier candidates and paying below market average. All of the higher ups in ssga have either come from outside or left, worked somewhere else, then come back. Internal promotion to a good ssga position is actively blocked by HR. Do you really think that's a good way to attract and retain talent?

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

See Most Recent

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