State Street - One of the worst companies out there... | Glassdoor
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There are newer employer reviews for State Street

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Helpful (7)

"One of the worst companies out there..."

Star Star Star Star Star
Former Employee - Fund Accountant, Financial Reporting in Boston, MA
Former Employee - Fund Accountant, Financial Reporting in Boston, MA
Doesn't Recommend

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

Pros

Good place to learn as an entry level associate if you want to... and its also a business casual culture.

Cons

no work/life balance, bad bonuses, terrible salary, long hours at work, factory type of work, bad management and the list goes on

Advice to Management

pay well, maintain a good work/life balance for your employees, too much work!!! and omg the bonuses been paid to your staffs that does the REAL work is horrendous (shame on you guys)

Other Employee Reviews for State Street

  1. Helpful (1)

    "Good company but limited growth potential for middle management. Reward those making less not who make the most impact."

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

    I have been working at State Street full-time (More than 10 years)

    Pros

    Good brand, good niche in market, allows for forward momentum in early career stages. C suite management has good strategy and plans. Decent benefits. Nice approach for flexibility. Many people are nice and work hard.

    Cons

    Very little growth track once you are a VP, very socialist when it comes to raises for VP and up. More money given to those on lower end of bands - Not to key contributors that align best to the values outlined by the CEO. Extreme cronyism.

    Advice to Management

    Promote and distribute money on merit like you say you do. Don't keep all the money for the top 2 %. You can't expect VP's to stay there for 4+ years with no raises.


  2. Helpful (2)

    "Good starting company, most should leave after a year."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Kansas City, MO
    Current Employee - Senior Associate in Kansas City, MO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at State Street part-time (More than 8 years)

    Pros

    Easy to get hired
    Good benefits
    Well known name(not always a plus)
    Does offer good work/life balance for some areas

    Cons

    Low pay
    Limited advancement
    Constant reorganization
    Poor management/infighting/lack of leadership
    Specialized business units result in newer employees never getting very good at their jobs, are forced to stay in one area.

    Advice to Management

    Offer better pay to retain talented people. Stop outsourcing as much, it is really starting to have a negative effect on client service. Promote teamwork, groups are now fighting with each other rather working together to meet goals.


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

See Most Recent

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