Right out of college, you're just so naive... - Recensione dipendente - Associate II presso State Street

1,0
26 lug 2013
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

-work/life balance is great because the incentive to work overtime is non-existent -PTO and sick days are the only benefit you will get when working here

Svantaggi

-where to begin...I am pretty sure the Senior Associate above put it perfectly -No room for growth (only lateral and who wants to stay at the same salary, yet on the bottom of the totem pole? Really, if you have an answer enlighten me on here) -The pay is absolutely terrible, the company has been ranked #1 custodial bank for the past few years; however, we have one of the worse base pay rates in the industry. Even Brown Brothers have a higher starting salary....and that says something -the company only cares about their shareholders and not the individuals (associates aka peons) that actually keep a good standing with the clients which inadvertently gets the CEO a bigger bonus -The peons bonuses, never mind, we shouldn't even call them a "bonus" by the lack there of... -Raise percentages fall under the same umbrella of the bonuses....I believe you can start to see a trend -Even if you have the determination to start making a change for you and your fellow associates, your voice goes unheard....even when you schedule a meeting and discuss this with SVP -

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5,0
23 giu 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

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

Svantaggi

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.

2,0
21 giu 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

The company has a great severence package. Unfortunately thats a pro because they are laying off workers every 3 months until most of operations are offshore. Decent 401k match and vacation.

Svantaggi

Layoffs, pay is low. Return to office mandate.

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