State Street - Grass is greener elsewhere | Glassdoor
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There are newer employer reviews for State Street

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Helpful (2)

"Grass is greener elsewhere"

Star Star Star Star Star
  • 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.

Other Employee Reviews for State Street

  1. Helpful (1)

    "Not many options available to move within the company because of its location"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Officer in Princeton, NJ
    Former Employee - Senior Officer in Princeton, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time (More than a year)

    Pros

    Located in a quiet neighborhood; Commuting is easier if you live nearby; Work/life balance is great

    Cons

    No growth opportunities;Hard to move within the company unless you want to relocate to Boston.


  2. Helpful (2)

    "State Street is for those who can't find work anywhere else"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accountant, Associate I in Sacramento, CA
    Current Employee - Fund Accountant, Associate I in Sacramento, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at State Street full-time (More than a year)

    Pros

    Easy job to get.
    Job security is 99%. You pretty much have to try to be fired.
    Some groups allow you to work from home.
    You learn good skills like Excel, time management, multi-tasking, and how to look like you are working when you are not.

    Cons

    Pay is the lowest in the industry.
    Work is processing (clicking buttons) not accounting. You will not learn the fundamentals of accounting or any field for that matter.
    Management hires based of whether they know you or not and skills do not matter. I have a good reputation with everyone and could be promoted in a heart beat, but I'm not conforming to that ridiculous way of management. My current manager is not qualified for the job and she was just hired on. There are two others in my group who should have been promoted, yet they are not the most "popular". It's like high school at the company.
    Accounting/work becomes something you never want to do again.

    Advice to Management

    Care about your employees and the good ones will stick around. You management is full of untalented individuals. Look for potential and offer rewards to good and hard workers and the talented ones like me may stick around instead of leaving for 20k more pay. Oh also, how about you seek better employment opportunities? Why do you want to be known as someone who works for State Street Bank and Trust? I'm writing this review and I still work here! I'll be gone in two months tops.

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

See Most Recent

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