Great big bank with small bank feel - Senior Vice President State Street Employee Review

5.0
7 Dec 2017
Recommend
CEO approval
Business outlook

Pros

If you work in the main corporate office, it has a smaller feel than it really is (30000+ employees). But that's a good thing. As far as large corporations go, it's probably the best place in Boston to work. Regular performance assessments, accessible managers.

Cons

There were a few RIFs (rounds of layoffs) in my time. Not always management's fault, but something to be aware of for all levels of staff.

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State Street Response
8y
Thank you for taking the time to share your thoughts. I’m glad to hear that you found State Street to have an inclusive and positive work environment. We have recently upgraded to MyWorkday, a new tool that will enhance the HR experience, including the performance assessments and management accessibility mentioned in your comments. As State Street continues to evolve via new technology and strategies, MyWorkday will provide transparency into the many opportunities throughout the company for those employees looking to embrace a new challenge. -John Zarkauskas, Assistant Vice President, Leadership Development Program

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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