Managing Director/Vice President - Managing Director State Street Employee Review

1.0
18 Mar 2018
Recommend
CEO approval
Business outlook

Pros

Good place to start and get experience, but the longer you stay, the worse it gets.

Cons

Long hours, many weekends, getting things done on time, accuracy on detail .. none of those items really matter to management. State Street has become a firm of conspicuous nepotism and that is how they promote people. In addition, they don't deal with those that have numerous HR incidents filed against them; if they are in the "favored" crew. Lastly, they continue lay off people every month (last Wednesday of the month), and those that have the subject matter expertise. Again, the "favored" crew are not touched and the left overs get stuck with the work (I was doing the work of 5 people at the end).

Explore other reviews about State Street

5.0
23 Mar 2026
Recommend
CEO approval
Business outlook

Pros

Great work life balance and mentorship

Cons

None however, teach is a bit outdated

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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