Growing global company that poorly compensates most employees. - Operations - Associate State Street Employee Review

2.0
15 Jan 2010
Recommend
CEO approval
Business outlook

Pros

Profitable, Growing Corporation. Opportunities to move around company. (limited)Opportunities to work/travel abroad. Generally laid-back atmosphere. Flexible work arrangements. Decent job security in most areas (for a bank...) Middle management is friendly and supportive. Lots of learning opportunities for the self-motivated. Boarder-line casual/business casual dress code for many. 6% 401k Match, with many investment options to choose from. Entry level jobs are easy to obtain. In normal economy, 3% raise/bonus a year for most employees. $5,250 tuition reimbursement per year (must stay with company 1 year from reimbursement)

Cons

Embarrassing salaries for most employees. Promotions can be difficult (Especially in operations/fund accounting departments) Internal movement can be difficult without Networking. HR seems to hinder career growth/compensation instead of helping. Not a good place to start career if you plan on staying for more than 2 years. Many times need to leave company and come back later to earn senior promotion. In normal job market - very high turnover. Many employees uneducated.

Explore other reviews about State Street

5.0
23 Jun 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.

2.0
21 Jun 2026
Recommend
CEO approval
Business outlook

Pros

The company has a great severence package. Unfortunately thats a pro because they are laying off workers every 3 months until most of operations are offshore. Decent 401k match and vacation.

Cons

Layoffs, pay is low. Return to office mandate.

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