AVOID SS if you enjoy money - Senior Portfolio Administrator State Street Employee Review

1.0
Jun 14, 2010
Recommend
CEO approval
Business outlook

Pros

Provides an opportunity to gain valuable industry experience. Open to hire people from all backgrounds and education level. Amazing benefit package, health care and 401K is above industry standard. Perfect for people who just want to get by, plenty of downtown to work on graduate school homework and watch Netflix throughout the day.

Cons

Where to start! Compensation is point one and the most important aspect of why SS is the worst place to work. PA starts at 30K, senior at 34K... bonus (although tough times) is INCREDIBLY low. If you have a college degree, especially one from a prestigious or respected institution, have fun working with people who have associate degrees from community colleges or better yet, a high school diploma. Casual culture to the max, not for people who are ambitious. Jeans and tee shirts are the norm in the summer. It is aweful. No one to look up to in management, they are simply in their positions because of the time spent at the company, not based on merit in any sense.

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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