There are no growth opportunities as they slowly close office - Vice President State Street Employee Review

2.0
Mar 11, 2020
Recommend
CEO approval
Business outlook

Pros

The company is a well known name in fund administration, so having that on your resume is a plus.

Cons

The company is moving jobs offshore to lower cost locations in Asia. To avoid the costs of firing people, they are creating a toxic environment to force people to leave on their own.

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State Street Response
6y
Thank you for your review on State Street. We take feedback like this seriously and will investigate your concern. We would encourage you to contact your local Employee Relations consultant to raise this feedback if you have not already done so, alternatively you can raise anonymously through the Speak Up line.

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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