State Street - Foot in the door, nothing more | Glassdoor
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There are newer employer reviews for State Street

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Helpful (1)

"Foot in the door, nothing more"

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

Benefits are great, lots of vacation days, offices are nice, flexible hours depending on the group

Cons

Depending on the group you may have to wait years for a promotion, countless jobs have been outsourced to India, a lot of the higher up work/responsibilities continue to trickle down to lower associates to cut higher paying positions, pay is on the lower end of the spectrum for the same/similar financial service jobs in Boston

Advice to Management

Motivate your employees, give them some kind of model for how to get promoted and at least a general timeframe... 6 months? 2 years? We need to know these things.

Other Employee Reviews for State Street

  1. "Asset Reconciliation Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate II in Plainsboro, NJ
    Current Employee - Associate II in Plainsboro, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at State Street full-time (More than 3 years)

    Pros

    Flex time arrangement, vacation allowance

    Cons

    Pay, opportunity for advancement, volume of work


  2. Helpful (1)

    "Low morale, constantly reinforced."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Manager in Boston, MA
    Current Employee - IT Manager in Boston, MA
    Doesn't Recommend
    Disapproves of CEO

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

    Pros

    Some nice, qualified people. Made some great friends here. Location is right on public transportation.

    Cons

    Lots of not so nice, not so qualified people.

    Huge egos, zero concept of teamwork, always waiting for the other shoe to drop. My experience is with IT, but word of mouth says it's everywhere.

    "Transformation" - really? How many of the purported transformations have failed? Answer - all of them.

    Advice to Management

    The emperors have no clothes. However, unfortunately, the market is liking SST right now. That'll give the management the false sense that things are good. Things are NOT good if the employees are unhappy. As the employment market changes, you will lose your best , and your next best, employees.

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

See Most Recent

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