Avoid legal teams - Counsel State Street Employee Review

1.0
17 May 2018
Recommend
CEO approval
Business outlook

Pros

Hands on experience with significant responsibility at junior levels; Hours are reasonable: Some good people at the VP level and below.

Cons

This company is cheap. Compensation is laughable relative to market; Obsessed with cutting every possible corner for short term cost savings -- outsource HR, outsource IT, outsource onboarding -- despite major long term costs of doing so. Retention is abysmal. Most leave after two years. Management does a horrible job of listening to employee feedback and concerns. Feedback loops either doesn't exist or are otherwise broken. "CYA" and "pass the buck" "finger pointing" culture. Most employees lack an ownership mentality and constantly seek opportunities to blame others for anything that goes wrong. Outwardly adversarial relationship between business and control functions. Wildly inconvenient corporate policies designed by bureaucrats who will never need to deal with the consequences of their decisions without seeking any input from those that will.

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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