State Street

www.statestreet.com
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There are newer employer reviews for State Street

 

IT Subject Matter Expertise - gone soon

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Application Developer in Quincy, MA (US)
Current Employee - Application Developer in Quincy, MA (US)

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

Pros

Excelent work-life balance, depending on manager. Supportive and kind co-workers.

Cons

Continuously looming layoffs with not enough communication from management. Very Low morale. Bleak future outlook.

Advice to ManagementAdvice

Rethink the 'Strategic Partering' cost-saving idea, as the service and quality to clients is suffering. The subject matter expertise and critical thinking/analysis skills gained by experienced SSC employees over the course of their tenure here - and required in order to maintain top-notch service on complex functionality - have not been captured in the skills transfer to our strategic partners. Poor skills transformation model: complicated tasks and complex functions performed by several experienced SSC employees have been transferred to a single Wipro employee who is overloaded and at risk for errors. Performance, quality, and the company's reputation are at risk.

Doesn't Recommend
Negative Outlook
Disapproves of CEO

1487 Other Employee Reviews for State Street (View Most Recent)

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  1.  

    Good place to gain experience or retire!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Irvine, CA (US)
    Former Employee - Business Analyst in Irvine, CA (US)

    I worked at State Street full-time (more than 8 years)

    Pros

    Good entry level place to get experience. Good place to retire if you have no ambition and don't care about career growth.

    Cons

    Salary increases are pathetic. No opportunities for growth. Management is always looking to give you a rating of 3 or less so they can avoid paying you a decent compensation increase. If you are liked by your manager, you get flexible work at home. If you not liked by management, you have to come to work.
    Like to outsource to India, then hire the FTE's back as temp assignments at lower pay and no benefits when outsourcing fails! Pathetic...

    Advice to ManagementAdvice

    How's outsourcing to India going? Guess you got your fat bonuses eh? Can't believe PIMCO is paying for this pathetic mess.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    No real world accounting; all data entry

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant Associate II in Kansas City, MO (US)
    Current Employee - Fund Accountant Associate II in Kansas City, MO (US)

    I have been working at State Street full-time (more than 5 years)

    Pros

    Benefits
    No brain power needed
    Friendly co-workers

    Cons

    No actual accounting
    No brain power needed
    No one takes accountability of what should be done

    Advice to ManagementAdvice

    Share knowledge and get the people below you involved in decision making. If you want to grow in the future find ways to keep the current employees you have. Too much turn-over and management has favorites based on how much time they spend with someone. You need to look at the people who actually will put the work in no matter what.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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