State Street - Overall, State Street does not care for their employees | Glassdoor
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There are newer employer reviews for State Street

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Helpful (3)

"Overall, State Street does not care for their employees"

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

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

Pros

A good place to start out of college
Good Benefits Package
Flexible/work from home (depending on your group)
A lot of young professionals (to some that may be a con)

Cons

Poor Pay
Lack of growth opportunity
Extremely high turnover rate
Upper management is very unapproachable
Many employees are very stiff

Advice to Management

Take care of your employees, they need to grow professionally and financially. You cannot pay below market value and expect people to stay for long.

Other Employee Reviews for State Street

  1. "good company but..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate
    Former Employee - Associate
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at State Street full-time (More than 3 years)

    Pros

    Great place to work if you like to learn more about the financial market.

    Cons

    Too corporate feel, lots of bureaucracy, not efficient to operate. Most jobs are outsourced to other countries.


  2. "OK place to start, terrible place to stay"

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

    I worked at State Street full-time (More than 3 years)

    Pros

    Easy to get a job with no experience, work from home is available if you have a good manager who allows it

    Cons

    Huge focus on centralizing processes leaves you with a lot of experience in one area and almost no experience with anything else. It can be difficult to move on to another company if you stay there too long. A lot of promotions are based on who is next in line rather than who would actually be good for the position. Very poor compensation, my last bonus was 1% of my already low salary and actually getting tuition benefits approved is very difficult.

    Advice to Management

    Stop focusing on making your workforce as cheap as possible. A well paid employee is not just a cost to be minimized, but should be considered an asset that can bring in revenue.

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

See Most Recent

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