State Street
2.8 of 5 1,014 reviews
www.statestreet.com Boston, MA 5000+ Employees

1014 Employee Reviews (View Most Recent)

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IT Subject Matter Expertise - gone soon

Application Developer (Current Employee)
Quincy, MA (US)

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

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

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

Advice to Senior ManagementRethink 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.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Finance

Anonymous Employee (Former Employee)
Boston, MA (US)

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


Pros: There are many smart people working here who care about… Cons: Responsibilities of those who left or was laid off were been reassigned to remaining staff. More pressure to… Advice to Senior Management: Burning out staff. Need to revisit structure and not… Yes, I would recommend this company to a friend More

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1 person found this helpful  

No real world accounting; all data entry

Fund Accountant Associate II (Current Employee)
Kansas City, MO (US)

I have been working at State Street full-time for 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… Advice to Senior Management: 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… No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company… More

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State Street – Why Work for Us?

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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