Too much bureaucracy - Application Developer State Street Employee Review

2.0
Dec 20, 2008
Recommend
CEO approval
Business Outlook

Pros

State Street considers itself a technology provider to the financial services industry. As an IT worker this benefitted me. I got to work on some interesting projects. I picked up some new technical skills along the way. The pay was good, as were the bonuses.

Cons

In a word, bureaucracy. No work gets done without filling out the right form and having it approved by one, but more often more, levels of management. The long time employees there tended to have bad attitudes - complaining all the time. This combined with the bureaucracy tended to be a morale killer. Management had a very cavalier attitude toward night and weekend work. It was almost as if they didn't expect us to have lives outside work.

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.

4.0
Jun 29, 2026
Recommend
CEO approval
Business Outlook

Pros

Decent work life balance and decent PTO

Cons

Pay could be better and the workload can be a lot at times

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