Poor compensation, hierarchical, low morale, high turnover of staff - Anonymous employee State Street Employee Review

1.0
May 11, 2012
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Not a bad stepping stone into the world of finance if you have no prior experience. Globally recognised employer / organisation. Possibility of getting broad exposure.

Cons

Some depts can work long hours with low pay. Low morale among staff and hence a high turnover. Disgruntled staff feel under appreciated. Beurocratic environment. Unwillingness among departments to take on responsibility and work together can be frustrating. Apathetic middle management.

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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.

4.0
Jul 9, 2026
Recommend
CEO approval
Business outlook

Pros

* Benefits * Flexible work arrangements * Great training programs * Global team

Cons

* Lower pay * Slow career advancement

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