State Street - Frustrating pay, not much career advancement | Glassdoor
There are newer employer reviews for State Street
There are newer employer reviews for State Street

See Most Recent

Helpful (1)

"Frustrating pay, not much career advancement"

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

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

Pros

-Friendly/helpful co-workers and bosses
-Good healthcare and retirement package
-Could work from home often
-Work was not too challenging

Cons

-The pay wasn't great, which is why people usually use the company as a stepping stone to other jobs
-Raises/bonuses are on a set schedule for everyone, and there's no room for negotiation
-Did not see the advancement opportunities I had wanted/deserved/were sorta promised
-Large bureaucracy can be frustrating. It seemed that the people in charge of my department wanted several people promoted but there hands were tied by the budget handed down to them from higher up.

Advice to Management

Make your company more human

Other Employee Reviews for State Street

  1. Helpful (2)

    "Poor upper management good coworkers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Operations Manager in Boston, MA
    Former Employee - Client Operations Manager in Boston, MA
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at State Street full-time (More than 5 years)

    Pros

    Great to get your foot in the door in the financial services industry, State Street has an industry wide reputation and is a great place to learn the ins and outs as well as to develop contacts throughout the financial services field. Flexible work arrangement (depending on your group) allowed plenty of opportunity to telecommute. decent benefits, especially for entry level positions.

    Cons

    management is misguided and out of touch with its employees. poor opportunities for career advancement. Once locked into operations or client services there was practically nowhere to go. Though management claimed to want feedback to improve companies from employees when it was given it was soundly ignored each and every step of the way. Very easy to get comfortable doing the bare minimum instead of doing a good job.

    Advice to Management

    foster an atmosphere where people will actually care about their jobs and level of services they give instead of just floating by


  2. Helpful (1)

    "Great place to get career started"

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

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

    Pros

    Learn a lot on the job. Decent benefits. Room for growth. Good work-life balance.

    Cons

    Low pay to start, lack of interest from upper management in your development. Lackluster Human Resources department.

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

See Most Recent

Work at State Street? Share Your Experiences

State Street
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or