State Street Reviews

Current Employee – been working at State Street full-time for more than a year

Pros – The educational support CMA/CA/CFA
Benefits 100% covered

Cons – Worst place to work - would rate 0 stars if I could.
Some management unbelievably incompetent - ie. doesn't know how to use Excel?!!!
If you're lucky, you'll work with a good manager.
Very low pay.
 Work you like a dog.

Advice to Senior Management – Eliminate the incompetent employees. Give a fair chance to those with potential

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Current Employee – been working at State Street full-time for more than 3 years

Pros – Full benefits
Good experience in fund accounting

Cons – Too much overtime
Low salary in the industry for Montreal

No, I would not recommend this company to a friend

Former Employee – worked at State Street

Pros – Decent experience if your a recent graduate
The LRIF matching was a great benefit

Cons – Management! Management! Management!

State Street has to have the worst managers in the business. Every one of the managers I worked under was either rude, moody or incompetent. And in one case it was all 3 at once! To make matters worse the Senior Managers never show their faces to you and don't seem to mind that the company has such a large turnover rate.

Couple the problems with the managers with absolutely horrible pay rates and you get one awful place to work.

The opportunities for advancement are also severely limited. Getting up to the level of Senior Fund Accountant is easy (if your manager likes you) but from there it is very difficult. Most of the managers are "lifers" who won't leave as they know they could not make it elsewhere.

Advice to Senior Management – 2 things. Raise the salaries to market levels already to retain top talent. It is very demoralizing to hear daily about who resigned and who got promoted to cover the position. Second thing is give the managers serious training in people skills. It is very unprofessional to see the managers yell at their staff in front of others for errors that are not even their fault!

No, I would not recommend this company to a friend

Current Employee – been working at State Street full-time for more than 7 years

Pros – Its a Job, provides experience

Cons – Long hours, crap pay, horrible compensation

Advice to Senior Management – spread the wealth and give employees more incentive to work hard

No, I would not recommend this company to a friend

Current Employee – been working at State Street full-time for more than a year

Pros – If you want to work lots of overtime just for the money, Nice Views from canteen and good spot when the tall ships arrive

Cons – Too much workload and long hours

Advice to Senior Management – Concentrate on the new hires. The turnover in staff is crazy fro new recruits

No, I would not recommend this company to a friend

Current Employee – been working at State Street full-time for more than a year

Pros – You get financial services experience. Only take an offer if you absolutely cannot get anything else. They pretty much hire anyone who can count these days, and even some that can't.

Cons – AWFUL PAY and extremely high turnover. A college graduate ( some people with masters) shouldn't have to pinch pennies or qualify for food stamps. The pay here forces you to do that. People usually stay for a year and leave to something better.

Advice to Senior Management – Take some advice it's quite simple: quit hiring every person who walks in for an interview and give the current employees more responsibility and more pay.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Current Employee – been working at State Street full-time

Pros – none that I know of

Cons – everything about the place sucks

Advice to Senior Management – Let everyone go already, and refer all of your business to Syntel in India who you are subcontracting to do work for 10 cents on the dollar of lowest paid Americans. Stop leading everyone on, telling everyone that things are going to get better, when they just keep getting worse.

No, I would not recommend this company to a friend

Former Employee – worked at State Street full-time for more than a year

Pros – job is easy and if you know how to manage your time, you have time for lunch.
good environment.
useful benefits
good name on your cv

Cons – Let me think.
Low salary. ridicolous salary.
Unexperienced management. senior associates are there because they have been patient and they haven't left the company after few months as any individual with a sound financial background and ambition would do, provided that you haven't got caught in the hamster wheel.
Trainings and meeting are useless and take place just because the corporation says so.
1to1 meetings are a waste of time and are usually scheduled for the rush hours.

Advice to Senior Management – nothing. really.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at State Street full-time

Pros – big company
they have offices all over the world

Cons – overworks the employees
underpays at every level
very unprofessional and not knowledgeable management
no leadership

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Current Employee – been working at State Street full-time for more than a year

Pros – Good health insurance
Parking (except it is not free).

Cons – I went from having a completely uninvolved manager to a micromanager. This place is a joke. It is data entry at best. I understand so many are desperate, and will take any job with the current economic conditions, but please, don't make the same mistake as me. The work is boring, repetitive, and most departments are the same - except for managers, that is. My current manager is suffocating and she wants to constantly communicate and be the best of friends. In fact, one manager considered us all "family." No! The entire department gives me little room to breathe.

Advice to Senior Management – Quit suffocating your employees. We don't need babysitters.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company