Communication breakdown - Fund Accountant State Street Employee Review

2.0
24 Aug 2008
Recommend
CEO approval
Business outlook

Pros

Great to put on resume and learn the basics of the finance and mutual fund industry Network with mutual funds and other investment houses so you can make contacts to move on Great place to start a network of fellow finance professionals for the future Learn systems used by other financial firms

Cons

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

Explore other reviews about State Street

5.0
11 Feb 2026
Recommend
CEO approval
Business outlook

Pros

Pay, Benefits, Time off, Flexibility

Cons

I can't think of any

1.0
14 May 2026
Recommend
CEO approval
Business outlook

Pros

Remote work is (rarely) an option, though the approval process is extremely slow and bureaucratic. There are a few well-meaning colleagues who genuinely try to drive positive change before burning out.

Cons

Onboarding and HR processes are severely broken, taking 11 months to approve remote status and failing to prepare basic equipment for day one. The workplace culture is deeply hostile, with anger and yelling functioning as the default communication style across teams. Leadership turnover is rampant, resulting in constant re-organizations, splintered teams, and a total lack of strategic direction. Role clarity is non-existent, forcing employees to invent their own daily tasks while receiving entirely contradictory instructions. Direct management is completely absent; I went seven months without any contact from my boss before being laid off via a three-word instant message and short call.

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