Solid company with frustrations - Managing Director State Street Employee Review

3.0
Mar 1, 2021
Recommend
CEO approval
Business outlook

Pros

Established, stable financial company — one of the biggest and most respected in the world — with leadership that pushes to get the most out of every employee, every hour, every day and every dollar. If you are ambitious, tolerant of change and relentlessly optimistic, you’ll do well here. Leadership is not afraid of change or tackling big, important challenges. Exciting work if you’re in a visionary part of the company.

Cons

Soul-crushing if you let it get to you. Burdened by layers of bureaucracy, ‘process management’ and cost cutting. Constant change — including clockwork reorgs and layoffs — leave many feeling unsettled and hopeless. Employees bear the brunt of sub-par technology, laughably low budgets and endless scrutiny that multiplies the time it takes to do anything. Very little ethnic diversity at the EVP and C-levels. Hollow talk about values and work life balance is undercut by brutal ‘steamroller’ executives who do not seem to value or consider the voice of their teams, making absurd requests that have no bearing on the realities of what’s possible. On top of that, flat salary and ‘merit-based’ compensation for years on end wears thin. Many end up ‘donating’ countess hours every year.

Explore other reviews about State Street

5.0
Jun 5, 2026
Recommend
CEO approval
Business outlook

Pros

on-boarding was easy, lot of learning opportunities/clients to service, nice co-workers

Cons

sparse work-load allotted, difficult client assignments, strict vps

1.0
May 14, 2026
Recommend
CEO approval
Business outlook

Pros

Remote work is (rarely) an option, though the approval process is extremely slow and bureaucratic. There are a few well-meaning colleagues who genuinely try to drive positive change before burning out.

Cons

Onboarding and HR processes are severely broken, taking 11 months to approve remote status and failing to prepare basic equipment for day one. The workplace culture is deeply hostile, with anger and yelling functioning as the default communication style across teams. Leadership turnover is rampant, resulting in constant re-organizations, splintered teams, and a total lack of strategic direction. Role clarity is non-existent, forcing employees to invent their own daily tasks while receiving entirely contradictory instructions. Direct management is completely absent; I went seven months without any contact from my boss before being laid off via a three-word instant message and short call.

See reviews by: Helpful|Rating|Date|All