State Street - Got worse as time went on... | Glassdoor
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There are newer employer reviews for State Street

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Helpful (2)

"Got worse as time went on..."

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Fund Accountant Associate II in Boston, MA
Former Employee - Fund Accountant Associate II in Boston, MA
Doesn't Recommend
Neutral Outlook
Disapproves of CEO

I worked at State Street full-time (More than 10 years)

Pros

Get a start in a financial services career

Cons

low pay, non-existent bonuses, benefits getting worse

Advice to Management

Get rid of Syntel (off-shoring) and put Americans back to work! I was laid off in January of this year (this is how STT cuts expenses, even though they are profitable).

Other Employee Reviews for State Street

  1. Helpful (2)

    "Grass is greener elsewhere"

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

    For the most part, the people you work with are good people. They make it worth going into work every day, its everything else that needs to change there

    Cons

    Too much outsourcing.....pay raises are poor....upper management that cares more about a bottom line than getting work done accurately.....COE model leads to finger pointing and blaming, not servicing clients

    Advice to Management

    Get your act together and realize what's really best for your clients.


  2. Helpful (2)

    "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Boston, MA
    Current Employee - Vice President in Boston, MA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good Pay and decent work/life balance

    Cons

    Very bureaucratic and political
    Many senior managers and groups work in silos protecting their interest rather than looking for the common good of the company
    Very audit centric culture which makes the employees not ready to make any decisions afraid of making any mistakes however small the impact is.

    Advice to Management

    Please bring in some fresh blood to the management team with people who can make decisions. Focus on changing the company culture which is overly bureaucratic.

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

See Most Recent

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