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      State Street

      Engaged Employer

      State Street reviews

      3.4

      59% would recommend to a friend

      (10,471 total reviews)
      avatar

      Ronald O’Hanley

      69% approve of CEO

      56% positive business outlook

      Ratings by category

      3.6

      Diversity & inclusion

      3.4

      Work/Life balance

      3.3

      Culture & values

      3.2

      Career opportunities

      3.1

      Compensation and benefits

      2.9

      Senior management

      State Street has an employee rating of 3.4 out of 5 stars, based on 10,471 company reviews on Glassdoor which indicates that most employees have a good working experience there. The State Street employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

      Ratings by demographic groups

      Reviews by job title

      10K reviews
      1.0
      Sep 20, 2008

      Come for the experience; leave for the money.

      Business analyst
      Recommend
      CEO approval
      Business Outlook

      Pros

      Being a diversified company, State Street offers many positions from which someone can garner a lot of knowledge. However, once you're in a position, you are pretty much pigeon-holed, and are expected to do your job and not expect to aspire to something better unless they thought of first, or unless you are related/friends with someone.

      Cons

      If you are happy being just a cog in the wheel, and are willing to go along to get along, then State Street might be the right place for you. If, however, you are ambitious, then the many political structures you have to navigate to get ahead are particularly disappointing. Local management often hide behind Boston's skirts in order to avoid any unpleasant topic that they don't want to deal with. By the same token, Boston takes a hands off approach to operations. Great ideas get filtered so tight they are strangled. This is not a learning organization as claimed.

      5.0
      Jul 10, 2025

      Hit or miss

      Senior associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      Strong Brand and Global Presence: State Street is a well-established leader in asset servicing and custody. Working here gives you exposure to global markets and a wide array of institutional clients. Job Stability: This is not a “boom and bust” firm. For someone looking for a stable career path, especially in back-office or operational roles, State Street offers a secure foundation. Work-Life Balance: Depending on your team, there is often a good balance between workload and personal time. Hybrid and remote work options are available in many roles. Learning Opportunities: There are plenty of internal resources and e-learning tools (via Skillsoft and LinkedIn Learning), and some teams offer support for industry certifications like CFA or CPA. Diversity and Inclusion: The company has made meaningful strides in DEI over the past few years, with employee resource groups and inclusive hiring practices improving steadily.

      Cons

      Slow Career Advancement: Promotions and compensation increases tend to lag compared to competitors. Many employees feel stuck at the Associate or AVP level for years. Bureaucracy and Red Tape: As a legacy financial institution, decision-making can be painfully slow. Processes are often outdated, and innovation is hampered by internal politics. Underwhelming Pay: Salaries and bonuses are generally below industry average. Raises are modest, and performance recognition is inconsistent. High Turnover in Some Teams: Particularly in operations-heavy departments, there is high attrition, which puts pressure on remaining staff. Tech and Automation Challenges: While the company talks a lot about digital transformation, many systems are still legacy and patchworked together, which creates inefficiencies and manual work.

      1.0
      Mar 6, 2025

      State Street does not care about you

      Senior associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      -Hybrid Work (4 days in office) -Experience above job title, description, or pay

      Cons

      - Little to no training from managers - Non-competitive pay well below industry average and pay raises/bonuses are non existent (average pay raise on my team of SA’s this year was 1% with the largest bonus being $2000) despite the company having its best year to date. -Management structure is a mess with too much reliability on overseas work. - Long working hours. Some days during the busy cycles got to 14+ hour work days. - Encouraged by management to not take holidays/vacation days. They do not value people who work hard and care about the quality of their work. They care about how to perform the job as cheap as possible and how they can do the bare minimum for their clients without them getting dropped.

      Viewing 319 - 321 of 10,471 Reviews
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      ReviewsState Street reviews

      Glassdoor has 11,906 State Street reviews submitted anonymously by State Street employees. Read employee reviews and ratings on Glassdoor to decide if State Street is right for you.