State Street reviews

Month end period is trecherous with non-stop work. Managers sometiem lack patience with new hires as well as long time workers. Salaries don't go up much regardless of years of experience. Communication is lacking many times and duties are often assigned to multiple people. Managers don't encouraged workers to take classes outside of State Street's own curriculum. Work life balance doesn't exist... period! Work before life. Since managers ususally know what they are doing, they forget that some people, expecially newcomers, don't know as much as them. Managers get frustrated when an employee hasn't completed a work that he/she was never taught. Most employees complain about poor pay and that creates a negative environement. The work is simply data entry and very monotonous. There is no space for fresh ideas/creativity, or insight. Portfolio accountants can harldy seperate themselves from their colleagues, unless they do a ridiculous amount of overtime. It appears that there is no room to grow and no furthere promotions after the manager position.

Obtaining a reasonable base salary is a lesson in futility, and seemingly next to impossible for anyone but the absolute top performers. Compensation management is strictly controlled on a corporate level, with a prescribed progression based almost solely on length of service. People performing the exact same job functions can have large disparities in pay unrelated to performance. When interviewing internally expect to be offered the same 3-5% increase regardless of position. There are ways around the system, but they require the concerted effort of middle-upper management.