1297 Employee Reviews (View Most Recent)

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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

Other Reviews for State Street

  1.  

    Fund Accountant

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street

    Pros

    Currently waiting on second interview

    Cons

    I havent come across any negatives about state street

  2.  

    Good place to start, but not a place for a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant Associate II  in  Kansas City, MO (US)
    Current Employee - Fund Accountant Associate II in Kansas City, MO (US)

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

    Pros

    *Great place to get some experience on your resume
    *Benefits better than average
    *On site cafeteria, coffee shop, and fitness center
    *Work from home access
    *Managers are generally flexible with work hours and personal issues (experience may very upon which team you are on)

    Cons

    *Abysmal pay (after one promotion and three merit "increases" I still qualify for food stamps)
    *Annual layoffs
    *Constant outsourcing to India
    *Employees generally unmotivated
    *Senior Management totally unaware of difficulties in the lower ranks
    *High turnover and constant short staffing

    Advice to ManagementAdvice

    Please increase the starting salary. When the economy turns around, no solid talent will be available. State Street has a terrible reputation from an employment stance. There is no reason an employee should qualify for food and housing assistance when you pull down billions of dollars in shareholder profits.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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