Miserable - Professional Button Pusher, Excel Monkey and Cubicle Dweller State Street Employee Review

1.0
Feb 22, 2012
Recommend
CEO approval
Business Outlook

Pros

They will hire you when nobody else will. If you can breathe and have a pulse, they will get you right in here at a starting salary of 32k (which has been the same for the past 7 years and probably longer)

Cons

The salary, the salary, the salary... Oh, did I mention the salary???? I can't even fathom how such a large company that makes such huge profits can be so cheap. They will promise you the world when you are hired and won't deliver. You will be desperate for a job out of college so you will accept the offer of 32k in hopes that future increases and promotions will put you in a better place. You will soon find out that 5% promotions and 2% merit increases (if any are given at all) will make it nearly impossible to achieve a decent salary to survive in the Boston area, or anywhere for that matter. Speaking of promotions, lately they have been few and far between and you have to be a major suckup to even be considered for one... Considered is probably all you will be anyways because they won't give out any money. Each year there are layoffs, cuts to the bonus pool, cuts to merit increases, $0 401k profit share contribution AND to top it off, the 401k match has been cut from 6% to 5%. Once you work here, it is difficult to get out. Chances are, depending on business unit, you will not learn any transferrable skills that can be used elsewhere. You will be a State Streeter for life (or until they feel like you are now making too much and lay you off). I spoke my peace.

Explore other reviews about State Street

5.0
Jun 23, 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
Jun 21, 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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