There are newer employer reviews for State Street

1 person found this helpful  

Good place to get experience but not a place to stay long term.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Operations Analyst in London, England
Current Employee - Operations Analyst in London, England

I have been working at State Street

Pros

Company has grown consistently - even through the bad times.
Job security

Cons

Compensation packages are poor and do not really improve in line with responsibility of promotion.

No opinion of CEO

1308 Other Employee Reviews for State Street (View Most Recent)

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  1.  

    Mixed!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Project Manager in London, England
    Current Employee - Project Manager in London, England

    I have been working at State Street

    Pros

    - Work life balance.
    - Strong cost leadership.
    - Acquisitive organisation - opportunities often exist to support integration of target organisations.
    - Opportunities for international travel and relocation exist

    Cons

    - Cost leadership at the expense of effective client support.
    - Aggressive outsourcing of operational functions was completed too quickly, without effective knowledge transfer to JV.
    - Limited specialist knowledge remains within local office.

    Advice to ManagementAdvice

    Cost leadership is all well and good, but don't let cost leadership determine the level of service which you are providing to clients.

    Doesn't Recommend
    No opinion of CEO
  2.  

    Everyone out for themselves for the most part

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Sales & Marketing in London, England
    Current Employee - Sales & Marketing in London, England

    I have been working at State Street

    Pros

    Good name in the marketplace
    Generally good products
    Strong emphasis on client satisfaction
    Long term senior managers know product well
    Very revenue focused, will get things done to get prospects onboard

    Cons

    Pay is below market
    Senior managers paid very well, but can be distant and frequently disinterested in careers of employees, but this varies greatly
    Very little guidance at all levels
    Incentive pay is poor
    Does not invest enough in technology
    Does not invest before the market, is not sufficiently flexible responding to marketplace
    Turnover does not bother management
    Most managers are not good at encouragement

    Advice to ManagementAdvice

    Introduce 360 reviews
    Make targets attainable
    Become more flexible in thinking ahead to meet market requirements
    Become less risk adverse as an institution

    No opinion of CEO
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