Bureaucracy and Egos - Anonymous employee State Street Employee Review

Here's the inside scoop: Poor benefits. No company match in 401k for 1 year. Medical coverage-average at best. No IT support to poor support. You are on your own to figure out why your PC and other systems don't work. Highly bureaucratic organization that is top-heavy, overweighted with managers and few worker bees. Culture is about jockeying for position and attention from upper management. It's a culture that is about finger pointing to deflect taking ownership of responsibility. Poor morale. Those that are here many years coast and survive; there is no sense of urgency or ownership to get things done. Zero appreciation by managers and senior managers for client facing needs. Senior management has short term views of business plans and returns, so be prepared for extreme pressure and stress. Very conservative and bureaucratic place that operates in a vacuum which culture discourages input and innovation.