Has potential to be a good employer, but there is a long road to get there - Project Manager, Vice President State Street Employee Review

3.0
Sep 29, 2022
Recommend
CEO approval
Business outlook

Pros

- Potential for good growth, as long as you work for the right people, management, mentors - Work/life balance can be okay (however, post-covid, this has changed trending downwards in some cases) - Good compensation packages for new employees hired from big4 or competitors

Cons

- Company politics/red tape - Culture is currently lacking - Internal promotion does not come with market comparable pay rises (unless turnover is increasing, and they need to increase/help retention) - Expenses always tightening across the board - GHR department is out of touch, and non-existence for employee assistance - Some nepotism is alive and well - Lack of succession planning - Performance review process is forced-bell-curve based to drive expense cutting - A 'global' company that is primarily US-centric in matters than have global impact

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.

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