'Outsourced' was a great show. Outsourced is not a great working environment - Anonymous employee State Street Employee Review

2.0
May 23, 2012
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Flexible work schedules and a good work-life balance make the heavy workload a little easier to manage.

Cons

Rapid company growth by way of aquiring competitors' assets creates a very unstable work environment. Outsourcing has become part of the company's culture and is no longer just a way to supplement and add flexibility. Large scale layoffs on a nearly annual basis contribute to low morale. Opportunity for advancement is difficult due to bottlenecks at the middle management level. Salaries, raises and bonuses are not very competitive. Employee appreciation is virtually non-existent.

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.

See reviews by: Helpful|Rating|Date|All