Don't do it - Assistant Vice President State Street Employee Review

1.0
23 Oct 2016
Recommend
CEO approval
Business outlook

Pros

The remaining staff have some quality people among them but they are few and far between. Five weeks vacation was good.

Cons

No work life balance. Morale couldn't be lower due to constant layoffs, heavy workloads, pissed off clients who berate you for mistakes made by COE and offshoring folks but you are forbidden to mention their existence so you just have to take apologize again and again. You might get good performance reviews but it will neither translate into a decent raise, bonus or shelter you from being laid off and walked out like a criminal. State Street was an amazing quality employer in the 80's & 90's but the leadership since Marsh Carter retired has been focused solely on cutting costs instead of growing income (this is what happens when bean counters are promoted to CEO).

Explore other reviews about State Street

5.0
23 June 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.

1.0
1 July 2026
Recommend
CEO approval
Business outlook

Pros

They offer resources for learning.

Cons

In my previous roles I've never felt burnout but with this one is the first I was feeling crush. I don't think managers take time to structure the tasks on a 8hrs or 10hrs per day. There are a lot of unrealistic expectations, no work-life balance at all. Even if you made the sacrifice to stay late, you will not be done with the work for the day.

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