Performance Bonus

Bonuses vary by department, year, and position. My first year at SS, as an A1, I got a $350.00 bonus. The next year I was an A2 and received about an $1,000.00 bonus. I became a senior the next year and received about an $2,300.00 bonus. I remained a senior and this last year due to the company having to pay large amounts due to a situation where the company over billed some clients, they drastically cut back on bonuses and raises. I only received a $1,350 bonus this past year. If you are an outstanding employee, you can also earn a merit based raise at any time in the year. The amount depends on the budget of the department. These are called "Top Performers" raises. I received one shortly after becoming an A2 which was a 12% raise increase. However, being nominated for a "Top Performers" raise is dependent on your manager recognizing your hard work & contributions, AND that they take the time to actually submit you for this award. Many managers at state street don't do anything to reward or recognize their employees. I only had one manager that did. I have continued to work hard and to be apart of special projects, but I haven't received any reward, recognition, or any sort of sign that they realize and appreciate all the hard work I do in several years.

Low performance bonus. Not tied in well with actual performance.

bonus are not that great and depends upon the amounts money the company has available to give

Work in a Corporate function.

depends on how the team did the year