Solid company with frustrations - Managing Director State Street Employee Review

3.0
1 Mar 2021
Recommend
CEO approval
Business outlook

Pros

Established, stable financial company — one of the biggest and most respected in the world — with leadership that pushes to get the most out of every employee, every hour, every day and every dollar. If you are ambitious, tolerant of change and relentlessly optimistic, you’ll do well here. Leadership is not afraid of change or tackling big, important challenges. Exciting work if you’re in a visionary part of the company.

Cons

Soul-crushing if you let it get to you. Burdened by layers of bureaucracy, ‘process management’ and cost cutting. Constant change — including clockwork reorgs and layoffs — leave many feeling unsettled and hopeless. Employees bear the brunt of sub-par technology, laughably low budgets and endless scrutiny that multiplies the time it takes to do anything. Very little ethnic diversity at the EVP and C-levels. Hollow talk about values and work life balance is undercut by brutal ‘steamroller’ executives who do not seem to value or consider the voice of their teams, making absurd requests that have no bearing on the realities of what’s possible. On top of that, flat salary and ‘merit-based’ compensation for years on end wears thin. Many end up ‘donating’ countess hours every year.

Explore other reviews about State Street

5.0
23 Jun 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.

2.0
21 Jun 2026
Recommend
CEO approval
Business outlook

Pros

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.

Cons

Layoffs, pay is low. Return to office mandate.

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