State Street is not your long term career job - Performance Analyst State Street Employee Review

2.0
Sep 3, 2008
Recommend
CEO approval
Business Outlook

Pros

Big name, big company. Get one comp day/month if you work overtime, but no overtime paid. Casual wear, jeans are allowed.

Cons

Work load and paid don't match. State Street severely underpay their employees. Promotions are quarterly, but managers are not good at keeping track of it. They promise, and doesn't happen until 3 or 6 months later, depends on if they put in the promotion request on time or not. Most managers are inexperience, and not people person. Most of them became managers for the first time in their lives, and don't know what managing people is all about. In fact, most managers are being promoted within two years. State Street has very high turnover rate. Most talented people don't stay longer than two to three years. Major system issues - outdated, errors, and don't have effective training program. Communications within departments are lacking.

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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