At best, State Street is a stepping stone to a real job. - Senior Associate, Account Manager State Street Employee Review

1.0
13 May 2015
Recommend
CEO approval
Business outlook

Pros

State street has decent benefits and the ability to work from home. WFH is nice but quickly becomes a two edged sward.

Cons

In recent years State Street has become very hostile to it's employees. Work from home was introduced as a way to have a work life balance but has turned into an expectation that yes, you can take your child to the doctor for their 104 degree fever but you better be logged in from home working until 11pm tonight. Compensation has also become a thing of the past. Every year the company brags on how well we've done only to turn around a few weeks later and make excuses why for yet another year they can not afford to give raises to all but 20% of the company. Lastly, it is no longer a place to grow a career. State Street is constantly trying to lower the bar. Promotions are based on the lowest bidder and if you have been in your position for a few years you are considered overpaid and you are laid off. There is a reason State Street so aggressively pursues college seniors. They are cheap, naive, in experienced, and will not stay around long enough to move up the pay scale. At best, State Street is a stepping stone to a real job. Do not consider this a long term opportunity.

Explore other reviews about State Street

5.0
23 Jun 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
21 Jun 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.

See reviews by: Helpful|Rating|Date|All