There are newer employer reviews for State Street

 

Opportunities are Available

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

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

Pros

Gain experience working in a corporate environment. Learn what you should do versus what you should not do. Now I understand the questions necessary for future companies. They pay for school... Take advantage... Find the right group and life becomes flexible... Or, if you're looking for overtime.. there are groups that provide plenty (Just don't plan to be a manager in those groups).

Cons

Find the wrong group and you can kiss work/life balance out the window. Most managers could care less what is going on in your personal life.. Just that the work is getting done and efficiencies are being put in place. And you better believe that daily deadlines are more important than your lunch or your health or you getting out on time. Be prepared for weekly turn-over and training of new employees.. Not to mention the consistent cross-training for the inevitable turn-over and call-in rate. Sick days are use them or lose them, therefore turning employees into liars just so they can take advantage of their benefits.

Advice to ManagementAdvice

Get to know your employee! Increase the base salary back to what it was a few years ago. Find ways to provide real challenges for employees to keep their interests. Compensate those who go above to obtain their Masters.. It's amazing how many MBA holders there are.. sitting around, not applying their newly obtained education.

Doesn't Recommend
Negative Outlook
No opinion of CEO

1281 Other Employee Reviews for State Street (View Most Recent)

Sort: Rating Date
  1.  

    Changing Environment

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

    I have been working at State Street full-time for more than 3 years

    Pros

    Global reach
    Smart people
    Good benefits
    Plenty of mobility

    Cons

    New IT outsourcing making life difficult and progress slow.
    Benefits are being cut year after year.
    2nd year of pay-freeze for certain ranks and low merit for others
    Layoffs occur every 6 months.

    Advice to ManagementAdvice

    Think long-term in regards to partnerships and personnel

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Career crippling

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

    I worked at State Street full-time for more than 10 years

    Pros

    This can be a great company to work for if you get in a well run department.

    Cons

    Some - not all - of management is promoted based on social status and not on merit or education. Layoffs and job outsourcing make any position with this company feel unstable.

    Advice to ManagementAdvice

    Listen to your employees, if there is a common complaint then it's best to take a closer look at what is really happening. Turning a blind eye will only hurt the company in the long run.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for State Street

Worked for State Street? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.