The Wal-Mart of financial services - Structured Finance Analyst State Street Employee Review

1.0
Sep 28, 2010
Recommend
CEO approval
Business Outlook

Pros

The location is good. That's really it.

Cons

Employees are treated like cattle. The name "State Street" is toxic to your resume, every employer knows they can give you lowball offers as everyone knows state street pays terrible salaries. Entry levels can make as low as 30K, Senior Associate (Managers/supervisors) can't make over 60 Benefits are lousy, $100 ER copay, no stock options or even discounted stock purchase Lucky to get a 2-3% raise as a "consitently exceeded expectations" employee if you get promoted or transfer to a new dept you are capped at a 10% salary adjustment, but if you turn down the offer they'll hire an external at 20,30+% or what you make.

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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