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 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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