State Street reviews

3.4

60% would recommend to a friend

(10,447 total reviews)
avatar

Ronald O’Hanley

69% approve of CEO

57% positive business outlook

State Street has an employee rating of 3.4 out of 5 stars, based on 10,447 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).

Reviews by job title

10K reviews
2.0
Feb 16, 2024
Recommend
CEO approval
Business Outlook

Pros

- Long-standing, stable firm doing important work in a vital industry - True innovation happens here, depending on where in the organization you work and how well funded it is - Culture from middle-management down supports new ideas and values manager/employee relationships - Decent opportunities if you're a very high performer, have a thick skin and a lot of patience - Good bonuses, but again, only if you're a high performer

Cons

- Company can't get out of its own way with an insane level of red tape, antiquated policies and overly-complicated employee communications - Innovation is squashed more often than not due to hilariously low budgets and staff resources, even in critical areas of the business - While middle-manager/employee relationships are often healthy, executives (EVPs) severely undermine them with rash decisions and surprise policy changes that leave everyone wondering if they're deliberately trying to wreck the company - Alarming trend down in the promotion policy that requires even junior employees to apply for their own role — if they don't get it, they're gone - Forced return-to-office applies largely to the US and nowhere else in the world, leaving a huge part of the workforce feeling unfairly targeted - Lower and lower base pay that is now well below market average, with no cost-of-living increases (many, many years of 0% change) - The company does not invest enough in people or technology to do the essentials, so many people are constantly overworked (60, 70, 80 or more hours per week)

1.0
Dec 31, 2023

Absolute horrible company

Recommend
CEO approval
Business Outlook

Pros

Big company w HUGE headaches. You get to learn the frustrations of a big messy organization.

Cons

1. they let go employees at the end of the year to avoid paying standard and performance based bonuses. I have seen excellent employees with due great bonuses get laid off during December. 2. Benefits absolutely sucks. Even the top tier plan has multiple huge deductibles. Absolute garbage. 3. Pay way below market salary. 4. NO training, you supposed to figure it on your own using misguided documentation that widely incorrect, outdated, flat out poor. 5. Many SVPs and MDs are egotistical and or narcissistic. They believe they own the company and have no problem been horrible working with. These people really kill the company. 6. Your work experience and skills means nothing. No bonus, no mutual communication, no team collaboration, nothing. You get basic emails with poor communications. My strong advice, don’t leave your current job for this place, even if it might make you a bit more money. The frustration is not worth it. ONLY join if you unemployed and in need.

2.0
Mar 26, 2023

Where careers go to die

Recommend
CEO approval
Business Outlook

Pros

benefits are competitive overall hybrid work environment

Cons

Executives not held to company's code of conduct questionable career paths pay is on the low side operations groups are a meat grinder with high turnover, leaving the remaining employees to work constant overtime to keep up with volume

Viewing 34 - 36 of 10,447 Reviews

Glassdoor has 11,878 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.