Lip-service to innovation, but comes up short - Fund Accountant, Associate I State Street Employee Review

3.0
Oct 13, 2012
Recommend
CEO approval
Business Outlook

Pros

- Lack of a face-time culture: You get your work done, then you're free to leave. - Low expectations: Expect to be treated like a genius if you can use a pivot table - Amicable people and young, hip staff - Lots of opportunities for training and development - Nice facilities - Lots of social clubs and opportunities to network

Cons

- Level of technological savvy is alarmingly low for a company so dependent on systems; especially among AVP+ level staff, but really true across-the-board - Production is king: Think of this as being an assembly line or a glorified sweat-shop; Any and all time spent on process improvements is simply not rewarded - There is no real push, at any level, for us to work better, faster and more efficiently unless something totally blows up and costs the bank money. Proactive, long-term thinking is notably absent. - Local management-level communication of strategic direction is poor; expect to be treated like a mushroom - "Churn and burn" culture; one HR manager told me that ~30% of new hires are expected to leave or be fired - "Meat-head" culture; conversations are ~90% about sports; aspiration toward higher education is treated with suspicion - Work is rather tedious, but at the same time medium-high stress

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5.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Own book runner and strategy. Good work life balance. Good working environment and nice people to work together

Cons

No much growth. Promotion to VP or higher is even forbidden based on company policy. Instead, ask people to move to different role. It doesn't make a lot of sense since it encourage people to find a new job.

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