State Street reviews

3.4

60% would recommend to a friend

(10,489 total reviews)
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Ronald O’Hanley

70% approve of CEO

57% positive business outlook

State Street has an employee rating of 3.4 out of 5 stars, based on 10,489 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
Mar 30, 2013

Current Operations Manager

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good benefits package. However, this does not out way the cons of working here. Unless you are straight out of college or unemployed I would not recommend.

Cons

The pay is probably the worst part. Entry level positions are paid well below the market average. Work live balance is increasingly becoming very negative with layoffs and not replacing backfill positions. When you do get promoted and work here for several years you become a target for layoffs, this bank is not what it used to be.

1.0
Mar 29, 2013

Not a good one

Recommend
CEO approval
Business Outlook

Pros

Health benefits are okay. Can be a steady job. Recently allowed employees to work from home a few days out of the week.

Cons

Co-worker and management are not friendly. Most of management is very rude and does not care about the advancement of employees. Annual raises are very little as well as bonuses.

1.0
Mar 20, 2013
Recommend
CEO approval
Business Outlook

Pros

401k is great, 100% match, fully vested after a year Majority of co-workers are fresh out of college, so you will have a group of people to commiserate with

Cons

So many, starting with the biggest: PAY- is excessively low, even with the current turnover rate (as high as 40% in some groups), State Street continually drops their non-negotiable, take it or leave it, subsistence level entry level salaries. They often claim they are right with the industry average in terms of pay, but I have never seen an article claiming the new industry average for finance & accounting is in the low to mid 30's. Work environment is generally miserable, aside from the happy hours you will be attending every other friday to celebrate the persons last day who you never really got to know in the first place because they weren't there for very long. Most people stay here for a year, starve, become great at excel, and leave for a job anywhere else that pays 10-20k more. With the economy picking back up, offers are getting rejected and current SSB employees are dropping like flies. Leave SS as your last option, and even at that point, look again, because you will get an interview, and an offer in short time after you apply.

Viewing 544 - 546 of 10,489 Reviews

Glassdoor has 11,925 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.