State Street
2.8 of 5 1,017 reviews
www.statestreet.com Boston, MA 5000+ Employees

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Conservative and Complacent

Global Services Intern (Former Employee)
Boston, MA (US)

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

ProsThe 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.

ConsAs 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 Senior ManagementI 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.

Yes, I would recommend this company to a friend

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  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
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  • No Opinion of CEO

 

Good way to break into the industry

Senior Associate (Current Employee)
Irvine, CA (US)

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


Pros: exposure to institutional clients, different investment products, good entry into… Cons: complacency keeps people at low paying jobs, not very selective in… Yes, I would recommend this company to a friend More

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Good benefits but not a dynamic organization

Project Manager (Current Employee)
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… Cons: Low salary for Financial Services; Not much room for upward… Advice to Senior Management: Need to better develop middle management and create more opportunities… No, I would not recommend this company to a friend More

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At State Street, we know that smart, skilled, productive employees are essential to our company’s continued success. As a leading provider of financial services, with operations in 27 countries and more than… Full Overview

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