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State Street Associate II Reviews

Updated 16 Jun 2019

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Found 152 reviews

2.6
StarStarStarStarStar
Rating TrendsRating Trends
41%
Recommend to a Friend
0%
Approve of CEO
State Street CEO Ronald O’Hanley
Ronald O’Hanley
2 Ratings
  1. Helpful (1)

    "Associate 2"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Associate II in Sydney
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at State Street full-time

    Pros

    Good experience for new starters, gain finical knowledge, good work locations,

    Cons

    low salary, lot of overtime, less opportunity to get promote.

    Advice to Management

    more care about your staffs, work/life balance is real important,

    State Street2015-08-20
  2. "Overall good company"

    StarStarStarStarStar
      Current Employee - Associate II 

      I have been working at State Street full-time

      Pros

      Work flexibility, plenty of vacation time

      Cons

      Lack of upward mobility, salaries not up to par with market standard

      State Street2019-06-16
    • "Good place to START your career"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Fund Administrator - Associate II in Boston, MA
      Doesn't Recommend
      Neutral Outlook
      No Opinion of CEO

      I worked at State Street full-time for more than 3 years

      Pros

      - Good place to start your career. They offer tuition reimbursement. - 6% match on 401K and other good benefits. - Work from Home arrangements.

      Cons

      - Little to no room for career advancement. - Very low pay. - Could be in for long hours sometimes.

      Advice to Management

      I would suggest showing the onshore employees that you value them. Offer them a chance to grow in their roles/within the company. It's a good place to start your career (special emphasis on start in my headline), but not necessarily a good place to continue your career.

      State Street2019-04-26
    • "The company"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Associate II 
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I have been working at State Street full-time

      Pros

      The pros are the vacations

      Cons

      The company has been doing a lot of lay off and the ones staying are being overworked. SS is not worth it!

      State Street2019-05-02
    • "Not a motivating experience"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Associate II in Boston, MA
      Doesn't Recommend
      Neutral Outlook
      No Opinion of CEO

      I worked at State Street full-time (Less than a year)

      Pros

      If you enjoy banking and working on a computer and want to grow quickly this could be the place for you.

      Cons

      No one is excited to be there, many people just stay there instead of trying to do something they actually want to do. You push a lot of buttons but no one really cares if you understand the why behind it.

      State Street2019-04-01
    • "Great Vacation Time/A Lot of Outsourcing"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Client Operations Associate II in Kansas City, MO
      Recommends
      Neutral Outlook
      No Opinion of CEO

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

      Pros

      When they are available, you can get true entry level positions without prior experience. Can't beat the amount of vacation time (3 weeks starting, increases to 4 after year or two. Option to "buy" an additional 40 hrs.) Don't have to wait for vacation to accumulate to use it. Some teams have flex work options (work from home up to 3 days a week if you are an Associate II). Insurance options are ok. All...

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      Cons

      Lots of outsourcing to India. Splits teams up, causes increased work load and stress. This has hurt employee morale lately. Little time for performance reviews and comradery like there used to be. Also causes confusion with structure, (Ex: Managers keep changing). I feel this has resulted in less opportunities for advancement as domestic teams get smaller, there is no need for as many higher level employees....

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      Advice to Management

      More communication/heads up about constant changes. Need to do something to lift the spirits of employees during this time of change and transition.

      State Street2019-03-04
    • "Slave Street"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Associate II in Kilkenny
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

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

      Pros

      Office location is close to home. Flexible working arrangements for some people

      Cons

      Poor management style (bullying), long hours due to under staffing of all area's. Poor pay and bonus for most employees'. Junior staff used as stepping stones for senior management promotions

      Advice to Management

      Pay your staff more and treat them with respect.

      State Street2019-03-22
    • "Decent"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Associate Level II in Hyderābād
      Recommends
      Neutral Outlook
      No Opinion of CEO

      I have been working at State Street full-time for more than a year

      Pros

      Good support from management Work life balance only in few profiles Pick and drop facility You can make you career here and quickly get transferred

      Cons

      Doesn't pay well Bonus and hikes are single digits High attrition, inadequate hiring wrong people for wrong roles and no market correction, Low pay and lies for work life balance

      Advice to Management

      Pay us well Please keep better food in cafeteria

      State Street2019-01-19
    • "Associate 2"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Associate II in Boston, MA
      Doesn't Recommend
      Negative Outlook
      No Opinion of CEO

      I worked at State Street for more than a year

      Pros

      -Flexible hours -Industry experience -Work from home policy saves on commuting expenses -Very generous PTO

      Cons

      -Compensation is well below industry average

      Advice to Management

      -Be more selective in hiring and retain talent by increasing compensation. You can get the same amount of efficiency by hiring 1 high performing employee as opposed to 4 low performers.

      State Street2019-01-11
    • "Good place to start"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Associate II in Kilkenny
      Recommends
      Neutral Outlook
      No Opinion of CEO

      I have been working at State Street full-time for more than a year

      Pros

      Flexible hours/working from home options. One of few companies outside of Dublin. Option to move around internally to gain exposure to different areas.

      Cons

      Poor pay in comparison to other FS companies. Promotions based on time served rather than performance, too many low level, clueless 'managers' as a result

      Advice to Management

      Focus on retaining your staff, make salaries competitive, get rid of so many middle management levels and stop relying on associates to run the show.

      State Street2018-11-16
    Found 152 reviews