Strong name and heritage but take a closer look - Anonymous employee State Street Employee Review

3.0
Nov 25, 2008
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Clout in the Institutional Investment Management arena, heritage, status. Flexible about work/life and balance including sick time, etc. Good employees and overall a nice environment to work in. Health and welfare benefits are good.

Cons

No focus on career development programs or mentorship by management. Management is often less skilled, less experienced employees. Lower end of the pay scale, especially for employees that have worked their way through the corporate ranks. Communication about positive and negative happenings at the the firm is severely lacking, leading to uncertainty and furthermore unrest.

Explore other reviews about State Street

5.0
Jun 5, 2026
Recommend
CEO approval
Business Outlook

Pros

on-boarding was easy, lot of learning opportunities/clients to service, nice co-workers

Cons

sparse work-load allotted, difficult client assignments, strict vps

1.0
May 14, 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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