State Street - A good stepping stone to better opportunities | Glassdoor
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There are newer employer reviews for State Street

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"A good stepping stone to better opportunities"

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  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Fund Accountant, Associate II in Kansas City, MO
Former Employee - Fund Accountant, Associate II in Kansas City, MO
Doesn't Recommend
Neutral Outlook
Approves of CEO

I worked at State Street full-time (More than a year)

Pros

If you are looking for a job, apply at State Street. It's a steady salary with relatively easy work. You do not need to be in accounting, finance, business - all majors are encouraged to apply. There are a lot of young workers fresh out of college, so it's a good place to meet new people, too. The employment perks include various activities, games, and having that "corporate" feel , which can be a valuable experience when working in teams. State Street has a good name recognition and its' experience can be valuable to anyone's resume when looking elsewhere. Also, vacation time is on point.

Cons

It is a revolving door of turnover. These young people you meet will eventually leave for better opportunities (usually less than 1 year employed), as long as they are motivated to move up in their career. State Street has availability for middle management due to this turnover, but the pay will not be worth the added stress. The pay is absolutely the biggest gripe I've ever heard. For the company to target Accounting, Finance, Business majors - all of us want more out of our job. With the promotions that do happen, there's no real incentive except for a resume boost. I have been involved with several State Street activities, but that's ultimately the reason I left: better opportunities to grow and to earn a better living.

Advice to Management

-Target non-business related majors - they can do the job just as easily and are more likely to stay longer term.
-Screen middle management to make sure they are doing an adequate job.
-Create a better pay structure that at least gives new hires something to look forward to.
-Own your parking lots so the employees do not have to pay each month.

Other Employee Reviews for State Street

  1. Helpful (1)

    "Fund Accountant Associate II"

    StarStarStarStarStar
    Current Employee - Fund Accountant Associate II in Boston, MA
    Current Employee - Fund Accountant Associate II in Boston, MA

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

    Pros

    Solid Benefits, Stable Company, Good company to work for when you're just starting out.

    Cons

    Feel like a small, irrelevant cog in a machine much greater than yourself. Office politics rule, management is peppered with people who know their job but don't know people. Pay raises almost aren't even worth the added responsibility of a promotion. Factory-feel.


  2. Helpful (1)

    "sweat shop"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    job experience is ok
    help to develop skills
    benefits
    location
    size

    Cons

    no work life balance
    had to move up
    operations is like a sweat shop

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

See Most Recent

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