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

2.0
3 Sept 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 Major system issues - outdated, errors, and don't have effective training program.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
5 Jun 2026
Recommend
CEO approval
Business outlook

Pros

on-boarding was easy, lot of learning opportunities/clients to service, nice co-workers

Cons

sparse work-load allotted, difficult client assignments, strict vps

1.0
14 May 2026
Recommend
CEO approval
Business outlook

Pros

Remote work is (rarely) an option, though the approval process is extremely slow and bureaucratic. There are a few well-meaning colleagues who genuinely try to drive positive change before burning out.

Cons

Onboarding and HR processes are severely broken, taking 11 months to approve remote status and failing to prepare basic equipment for day one. The workplace culture is deeply hostile, with anger and yelling functioning as the default communication style across teams. Leadership turnover is rampant, resulting in constant re-organizations, splintered teams, and a total lack of strategic direction. Role clarity is non-existent, forcing employees to invent their own daily tasks while receiving entirely contradictory instructions. Direct management is completely absent; I went seven months without any contact from my boss before being laid off via a three-word instant message and short call.

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