State Street - Overworked, underpaid, incompetence rewarded if manager's favorite | Glassdoor

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There are newer employer reviews for State Street

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Helpful (1)

"Overworked, underpaid, incompetence rewarded if manager's favorite"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Associate in Toronto, ON (Canada)
Former Employee - Associate in Toronto, ON (Canada)
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I worked at State Street full-time (More than 5 years)

Pros

learning opportunity, if you apply yourself you can move laterally or upwards, decent benefits, pension, vacation,

Cons

few people are professional, majority need to go to business school and learn how to conduct themselves in an office, very political climate, consistent and persistent layoffs every 2 years, hire and fire or layoffs, working to know that any day you could be next, constant lean and restructuring going on, management can't make up its mind if they are expanding or reducing staff, pathetic

Advice to Management

get some serious professional education in how to conduct business, this practice of hiring and laying off people like we were paper supply is disgusting.. it happened in 2003 and it continuously happens and no pay increase, longer hours, no bonuses, but the executive get their fat checks

Other Employee Reviews for State Street

  1. Helpful (1)

    "no career path"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Derivative Administrator in Toronto, ON (Canada)
    Former Contractor - Derivative Administrator in Toronto, ON (Canada)
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    very friendly coworkers that are willing to help and cooperative

    Cons

    horrible training program, learning opportunities and no incentives

    Advice to Management

    show more sympathy to employees when they make mistakes.
    don't point fingers and blame people for things they have no control over.
    support employee's life long goals and not just prioritize the department or company's short-term financial goals because high turnover ultimately screws up the company's operations and increases costs.


  2. "Senior associate fund accounting department"

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

    Pros

    Nice place to work, good fellow employees

    Cons

    Some overtime involved, very heavy workload

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

See Most Recent

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