State Street reviews

Roles are being 'dumbed' down due to outsourcing of work to COE's. There is an unfair work distribution within teams at various levels across the floor - those who can or show initiative DO most of the work, those who cant get sidelined and forgotten about. At the end the difference in rewards between the two are almost indistinguishable at present. People are promoted internally to fill positions, rather than showing merit. Regardless of your work, expect to get an average rating on your yearly performance review. Dont bother to ask what you could have done to have got the next level, as it would only result in friction between yourself and your manager. Employees are generally not rewarded for their work - for example bonuses are not increased for helping meet company targets, such as reducing the number of breaches, which helps reduce compensation payments, and increase company profit - should all of this go just to the shareholders?

You can't move up in the company. The only way to get a promotion is to leave the company and come back a year later. They hire managers based mostly on their connections, which is very frustrating when you end up having to do your bosses job on a daily basis. Expected to put long days in. Very high turnover.