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Conservative and Complacent

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Global Services Intern  in  Boston, MA (US)
Former Employee - Global Services Intern in Boston, MA (US)

I worked at State Street as an intern for less than a year

Pros

The SSGS team is very kind. Personally, I received a good amount of work that really added value. I felt as though I was a valuable part of the team and that I wasn't just being paid to sit and twiddle my thumbs. Most of my other intern friends can't say the same. The atmosphere is really relaxed, and my team was very helpful.

Cons

As a whole, I got the feeling that although State Street wants to become a more innovative company, its culture is still very conservative. Its younger crowd is ready for change, but it seems the older generation is very complacent with old processes because they work. It is recognized that there is an obvious need for change and modernization to keep up with the moving market, but the main problem standing in the way of improvement is the acknowledgement that there are many barriers, and the cautionary steps taken rather than the determination to move forward despite all obstacles.

Advice to ManagementAdvice

I think you should listen to the new recruits more. Recent graduates are taking many courses that can really add value in regards to a fast growing, changing market. Just because it works, doesn't mean it can't be better. Strive for better and faster.

Recommends
Neutral Outlook
Approves of CEO

Other Reviews for State Street

  1.  

    Good benefits but not a dynamic organization

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager  in  Boston, MA (US)
    Current Employee - Project Manager in Boston, MA (US)

    I have been working at State Street full-time for more than 10 years

    Pros

    Good benefits; Global organization; Some opportunity for advancement in certain areas of the company although many areas are stagnant and are cutting positions. Good flex opportunities and work/life balance

    Cons

    Low salary for Financial Services; Not much room for upward mobility for middle or upper management personnel

    Advice to ManagementAdvice

    Need to better develop middle management and create more opportunities for future leaders in the company

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2.  

    It was a good learning experience but the management doesnt really help you along. You need to be a self starter.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Fund Accountant  in  Boston, MA (US)
    Former Employee - Fund Accountant in Boston, MA (US)

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

    Pros

    There are nice managers and friendly coworkers.

    Cons

    repetitive work, low entry level pay

    Advice to ManagementAdvice

    Be mroe proactive and hands on with employees

    Recommends
    Positive Outlook
    No opinion of CEO
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