State Street
2.8 of 5 1,019 reviews
www.statestreet.com Boston, MA 5000+ Employees

1019 Employee Reviews (View Most Recent)

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IT Subject Matter Expertise - gone soon

Application Developer (Current Employee)
Quincy, MA (US)

I have been working at State Street full-time for more than 10 years

ProsExcelent work-life balance, depending on manager. Supportive and kind co-workers.

ConsContinuously looming layoffs with not enough communication from management. Very Low morale. Bleak future outlook.

Advice to Senior ManagementRethink the 'Strategic Partering' cost-saving idea, as the service and quality to clients is suffering. The subject matter expertise and critical thinking/analysis skills gained by experienced SSC employees over the course of their tenure here - and required in order to maintain top-notch service on complex functionality - have not been captured in the skills transfer to our strategic partners. Poor skills transformation model: complicated tasks and complex functions performed by several experienced SSC employees have been transferred to a single Wipro employee who is overloaded and at risk for errors. Performance, quality, and the company's reputation are at risk.

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

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Really great service

Database Specialist (Former Employee)
Columbia, SC (US)

I worked at State Street part-time for less than a year


Pros: Really great co workers, Nice, courteous, quick learners, willing to… Cons: Fast paced office, can be busy Advice to Senior Management: Try to train a little bit more and not be… Yes, I would recommend this company to a friend More

  • Culture & Values
         
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  • Senior Management
         
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  • Disapproves of CEO

4 people found this helpful  

Bad and Unethical People

Business Analyst (Former Employee)
Boston, MA (US)

I worked at State Street full-time for more than 5 years


Pros: Benefits are pretty good, but the company recently decreased the matching compensation for retirement. When completing benefit options, the… Cons: Stagnant business model with too many consultants running the show. The compensation for different divisions creates competition and does not foster a… Advice to Senior Management: Quit. You are bad an unethical people ruining the lives of thousands of employees. You take advantage of economic downturn by laying people… No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company… More

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At State Street, we know that smart, skilled, productive employees are essential to our company’s continued success. As a leading provider of financial services, with operations in 27 countries and more than… Full Overview

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