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
1.0
Aug 19, 2019

Stay away

Recommend
CEO approval
Business Outlook

Pros

Jeans on Friday. That’s it.

Cons

Shrinking positions. Layoffs constantly. Bonus pool is zero. Outsourcing jobs to India. They said compliance layoffs were done but more compliance folks were laid off. My team of 5 is down to just me and they don’t have the budget to fill those roles. Currently looking for new jobs. Stay away from state street as much as you can.

1.0
Dec 27, 2018

Fund Accountant Associate 1

Recommend
CEO approval
Business Outlook

Pros

You get a pay check and it’s something to put on your resume.

Cons

Where do I even start. This company does not pay well at all, paying entry level employees a salary of 30k is an absolute joke. No wonder nobody stays here for more than a year or two as I noticed there is a very high turnover. Your expected to work very and I mean very long hours at times if not most of the time. Management is clueless as they seriously have no idea as to how to manage a team professionally. You don’t get paid lunches. The training for the job is a joke as it did not prepare me well for the job itself. The environment can feel toxic at times. Seriously do yourself a favor and never work for this company because it’s a waste of your time.

2.0
Dec 14, 2018

Hierachy, politics and powerpoint define this company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Average pay and benefits. Some opportunities for internal transfers.

Cons

I worked for Global HR department. The culture and environment in this organization is declining and just feels sad. Management power wars are obvious and so is transferring of US jobs to "low cost locations" that will continue into the next year. My recommendation is to avoid this company if you want to control your how your career should be going (or not). Also noticed archaic management skill sets, where there is no respect for employees or individuals and you cannot communicate to management unless you have a specific powerpoint and maintain a strict minute agenda at the meeting to speak. Certainly not an environment that promotes and rewards ideas from within. Consultants and third parties are respected more than internal employees and management makes it known.

Viewing 55 - 57 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.