Do not outsource at the cost of quality - Anonymous employee State Street Employee Review

4.0
Jun 24, 2012
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

One of the largest custodian banks of the world, providing opportunities of holistic learning into the the custody and Asset Management businesses. Serves the biggest names in the Investment Industry.

Cons

Job instability: Outsources work to an IT company in India. Quality and transparency are at stake.

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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