State Street reviews

Work load and paid don't match. State Street severely underpay their employees. Promotions are quarterly, but managers are not good at keeping track of it. They promise, and doesn't happen until 3 or 6 months later, depends on if they put in the promotion request on time or not. Most managers are inexperience, and not people person. Most of them became managers for the first time in their lives, and don't know what managing people is all about. In fact, most managers are being promoted within two years. State Street has very high turnover rate. Most talented people don't stay longer than two to three years. Major system issues - outdated, errors, and don't have effective training program. Communications within departments are lacking.

Lousy communication from managers regarding why things are done Too many qualified people leaving because of lousy communication and bias Too many unqualified people being promoted to wrong positions Very difficult to get time off under certain circumstances