A total waste of time, SSB should stand for sweat shop bank - Fund Accounting Manager State Street Employee Review

1.0
17 Jan 2012
Recommend
CEO approval
Business outlook

Pros

The people. The staff consists mostly of entry level recent college graduates.

Cons

-Well below industry standard pay. Recently reduced for new hires as of 2011. -Staff is massively overworked (12.5 hour days for the first 7 business days of the month) -Inexperienced managers -Very little room for promotion. -Bonuses and raises over the last 4 years have been reduced to the point where employees feel disrespected to be even given one at all -Work is not challenging at all. Could possibly be performed by a well trained chimp.

Explore other reviews about State Street

5.0
5 June 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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