Company is stuck in 2005 - Assistant Vice President State Street Employee Review

1.0
Sep 20, 2023
Recommend
CEO approval
Business Outlook

Pros

If you’re lazy and bad at your job, this company is great for you. You’ll probably be promoted senior management if you’re a brown-nosing schmoozer who is good at making up metrics that make your dept look good or if you participate in some DEI nonsense.

Cons

Warning to all new hires or prospective employees: The company has recently made significant changes regarding remote work policies. Contrary to what was established just 8 months ago, they are now requiring employees to spend more time in the office than they did before the pandemic. Specifically, they have implemented a new mandate of 4 days of mandatory in-office work. This move feels like a significant step backward, as even prior to the pandemic, working in the office for 4 days a week was not the standard. Many employees enjoyed a more flexible arrangement of 2-3 days in the office and 2-3 days at home. It's frustrating to be in the office, especially when much of the work involves sitting on Zoom calls with contractors in India. It's worth noting that this decision may be related to the company's recent investment in a new building in Boston, which some view as an expensive mistake. It seems like they are attempting to address their budget and staffing issues by imposing this change on all employees, potentially as a way to reduce staff through attrition due to their inability to afford severance packages. Overall, these recent changes in company policy have left many employees feeling dissatisfied and concerned about the future direction of the company.

Explore other reviews about State Street

5.0
Jun 23, 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.

1.0
Jul 1, 2026
Recommend
CEO approval
Business Outlook

Pros

They offer resources for learning.

Cons

In my previous roles I've never felt burnout but with this one is the first I was feeling crush. I don't think managers take time to structure the tasks on a 8hrs or 10hrs per day. There are a lot of unrealistic expectations, no work-life balance at all. Even if you made the sacrifice to stay late, you will not be done with the work for the day.

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