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

1318 Other Employee Reviews for State Street (View Most Recent)

Sort: Rating Date
  1.  

    Fast paced, intense, good training ground

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Quantitative Research Intern
    Former Employee - Quantitative Research Intern

    I worked at State Street as an intern (less than an year)

    Pros

    Conducive environment for learning, encouraging team, strong focus on client value - something I really like.

    Cons

    Relatively lower pay compared to other too-big-to-fail banks.

    Advice to ManagementAdvice

    Lower pay is encouraging staff to job hop, which is a pity because they like SSGA's culture. They just realize they'd get better pay if they leave.

    Recommends
    Positive Outlook
  2.  

    in general, pretty good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at State Street as an intern (less than an year)

    Pros

    flaxiable working hours/ friendly work mates

    Cons

    communication witnin teams need to be a bit more stronger

    Recommends
    Neutral Outlook
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