State Street Reviews

I worked at State Street as a contractor for less than a year

Pros – very friendly coworkers that are willing to help and cooperative

Cons – horrible training program, learning opportunities and no incentives

Advice to Senior Management – show more sympathy to employees when they make mistakes.
don't point fingers and blame people for things they have no control over.
support employee's life long goals and not just prioritize the department or company's short-term financial goals because high turnover ultimately screws up the company's operations and increases costs.

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

I worked at State Street full-time for more than 7 years

Pros – learning opportunity, if you apply yourself you can move laterally or upwards, decent benefits, pension, vacation,

Cons – few people are professional, majority need to go to business school and learn how to conduct themselves in an office, very political climate, consistent and persistent layoffs every 2 years, hire and fire or layoffs, working to know that any day you could be next, constant lean and restructuring going on, management can't make up its mind if they are expanding or reducing staff, pathetic

Advice to Senior Management – get some serious professional education in how to conduct business, this practice of hiring and laying off people like we were paper supply is disgusting.. it happened in 2003 and it continuously happens and no pay increase, longer hours, no bonuses, but the executive get their fat checks

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

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

Pros – I think the only reason to start working in State Street is that they are paying 3500 gross a month to a graduate (as of 25.05.2013). This salary is an upper-middle one in the Krakow's business outsourcing scene.

Cons – Fund accountant job doesn't involve any financial knowledge at all. You just follow the written procedure each and every day. You just have to clik in Excel as quickly as possible. The funniest and most stupid part of the job is the so called "pricing" You have to print a few dozen pages and check if the numbers are the same on each of the pages. You make a tick to each number on a page.

The job is very boring, mundane and repetitive. Each and every day you are doing the same thing.
The only positive side of this State Street factory is that people who would have to otherwise work in a factory can instead work in an 'office factory'. It differs from a real factory in things such as you don't have to carry heavy objects. Instead, you just push light papers mindlessly.

If you have any talent whatsover, stay as far from State Street as possible.

Advice to Senior Management – The management won't bother with any comments and won't treat workers better. They know that the employees have no exit opportunities and are easily replaceable in Krakow.

No, I would not recommend this company to a friend

I have been working at State Street full-time for more than 7 years

Pros – Most Weekends off and a constant paycheck. If you like OT come to State Street.

Cons – Off Shoring of work, very little bonus or pay raises for Administrators. All promises of career growth without target delivery dates. If you want a pay raise, you better just accept it will be in the form of OT. Parking and and benefits whatsoever are at a high cost in comparison to salary. I worked at State Street for over 5 years and not a single promotion. I feel as if i wasted 5 years of my life.

Advice to Senior Management – Practice what you preach. When an employee looks for career advancement, management should provide some real guidance.

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

I have been working at State Street full-time for more than 7 years

Pros – Its a Job, provides experience

Cons – Long hours, crap pay, horrible compensation

Advice to Senior Management – spread the wealth and give employees more incentive to work hard

No, I would not recommend this company to a friend

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

Pros – If you want to work lots of overtime just for the money, Nice Views from canteen and good spot when the tall ships arrive

Cons – Too much workload and long hours

Advice to Senior Management – Concentrate on the new hires. The turnover in staff is crazy fro new recruits

No, I would not recommend this company to a friend

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

Pros – You get financial services experience. Only take an offer if you absolutely cannot get anything else. They pretty much hire anyone who can count these days, and even some that can't.

Cons – AWFUL PAY and extremely high turnover. A college graduate ( some people with masters) shouldn't have to pinch pennies or qualify for food stamps. The pay here forces you to do that. People usually stay for a year and leave to something better.

Advice to Senior Management – Take some advice it's quite simple: quit hiring every person who walks in for an interview and give the current employees more responsibility and more pay.

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

I have been working at State Street full-time

Pros – none that I know of

Cons – everything about the place sucks

Advice to Senior Management – Let everyone go already, and refer all of your business to Syntel in India who you are subcontracting to do work for 10 cents on the dollar of lowest paid Americans. Stop leading everyone on, telling everyone that things are going to get better, when they just keep getting worse.

No, I would not recommend this company to a friend

I worked at State Street full-time for more than a year

Pros – job is easy and if you know how to manage your time, you have time for lunch.
good environment.
useful benefits
good name on your cv

Cons – Let me think.
Low salary. ridicolous salary.
Unexperienced management. senior associates are there because they have been patient and they haven't left the company after few months as any individual with a sound financial background and ambition would do, provided that you haven't got caught in the hamster wheel.
Trainings and meeting are useless and take place just because the corporation says so.
1to1 meetings are a waste of time and are usually scheduled for the rush hours.

Advice to Senior Management – nothing. really.

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

I have been working at State Street full-time

Pros – big company
they have offices all over the world

Cons – overworks the employees
underpays at every level
very unprofessional and not knowledgeable management
no leadership

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