State Street - OK place to start, terrible place to stay | Glassdoor
There are newer employer reviews for State Street
There are newer employer reviews for State Street

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"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.

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. "State Street Rocks"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate I in Boston, MA
    Current Employee - Associate I in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great Work life balance, specially if you are a parent and have to take care of kids. Great work from home options. Flex work schedule helps alot
    Diverse company environment

    Cons

    Low starting salary according to other companies in the same sector which really discourage the people to stick to the same position.

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

See Most Recent

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