A cost centre and a life of constant cuts - Anonymous employee State Street Employee Review

2.0
12 Feb 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Quick progression and increased responsibility. This is a great place if you're lucky and you want to push on. They're more than happy for people to step up as there's nowhere near enough people to cope with the workload.

Cons

Pay is fairly terrible and everything is your problem, management don't want to know. In an industry that is suffering further cuts and numerous outsourcing projects State Street just don't want to be in the Fund Accounting business anymore, regardless of it actually being their bread and butter.

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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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