State Street is happy with mediocre performers - Principal State Street Employee Review

4.0
2 Mar 2009
Recommend
CEO approval
Business outlook

Pros

This is a great company for non-financial workers to get basic training and experience in financial services. The company can offer opportunities to motivated individuals and is looking to expand outside the US. State Street is not likely to be acquired by another company.

Cons

The employee experience can vary within the company and there are multiple layers of management. There are many employees who are not motivated and don't take ownership. The fastest way to get a raise is to leave the company. Executives think they deserve the same pay as their investment bank counterparts.

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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