There are newer employer reviews for State Street

 

Low risk, low reward

Current Employee - Client Operation Associate  in  Boston, MA (US)
Current Employee - Client Operation Associate in Boston, MA (US)

I have been working at State Street full-time for more than a year

Pros

advancement opportunities are good for everyone if you're talented

Cons

salary, organizational skills are sometimes lacking, short staffing common, lots of mindless processing that creates easily replaceable employees

1294 Other Employee Reviews for State Street (View Most Recent)

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  1. 1 person found this helpful  

    Okay place coming out of College

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Procurement Officer  in  Boston, MA (US)
    Current Employee - Procurement Officer in Boston, MA (US)

    I have been working at State Street full-time for more than 3 years

    Pros

    Ability to gain some experience, understand office culture, networking, company has deep pockets so if you land in the right department (anything corporate - not fund or service operations) there is chance for nice perks.

    Cons

    Sometimes the company is too big for its own good. If you want to do anything or change process, it takes forever and environment is highly bureaucratic. The industry is highly regulated, so preforming change management is sometimes implausible. Many people that work here are "sticks in the mud" no matter what department you work for, they are all over the place. People tend to ‘pass the buck’ here, blame others for problems or would rather claim ‘it’s not my problem’ than actually sitting down and solving anything. This place needs a serious culture change.

    Advice to ManagementAdvice

    Treat your employees better thru higher pay - especially in the financial sercices operations areas - we are not slaves

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Many great initiatives; no follow through

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President  in  Boston, MA (US)
    Current Employee - Assistant Vice President in Boston, MA (US)

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

    Pros

    fast paced, staff level rotational opportunities

    Cons

    staff level rotational opportunities are disruptive to front-line managers and do not allow staff to obtain a "full picture" of the department before the staff member moves on to the next opportunity

    Advice to ManagementAdvice

    employee feedback is great however too many programs and not enought follow through. The day is full and most are not able to take the time for skill and career training since they are short staffed and over worked.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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