1.0
Sep 28, 2010
Current employee
Boston, MA
Recommend
CEO approval
Business outlook
Pros
The location is good. That's really it.
Cons
Employees are treated like cattle. The name "State Street" is toxic to your resume, every employer knows they can give you lowball offers as everyone knows state street pays terrible salaries. Entry levels can make as low as 30K, Senior Associate (Managers/supervisors) can't make over 60 Benefits are lousy, $100 ER copay, no stock options or even discounted stock purchase Lucky to get a 2-3% raise as a "consitently exceeded expectations" employee if you get promoted or transfer to a new dept you are capped at a 10% salary adjustment, but if you turn down the offer they'll hire an external at 20,30+% or what you make.