State Street reviews

3.4

60% would recommend to a friend

(10,494 total reviews)
avatar

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 10,494 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
Mar 14, 2010
Recommend
CEO approval
Business Outlook

Pros

Opportunity to gain experience in the financial services industry Can acquire skills and training Company recognition can be used on resume for future opportunities

Cons

Compensation is very low compared to other companies industrywide There are no incentive programs Management is not required to be knowledgeable in operations Salary increases from promotions are very small Recognition of quality work performed is hard to come by

1.0
Mar 8, 2010
Recommend
CEO approval
Business Outlook

Pros

-Hires anyone with a pulse -Show up, work about 40 hours a week and you'll probably be promoted within 2 years. -Fantastic benefits package rivaling anything available from any KC based company -Some good coworkers -Plenty of work life balance allowing you to make professional contacts for your next job elsewhere -Safe parking garage downtown with convenient access from the highways while avoiding all downtown traffic

Cons

-Pay (both salary and bonuses are worthless) -During poor economic times don't expect more than a 1% raise even if you are rated well above average! -Other companies don't know enough about State Street to care about your "job experience" that you will develop here -For Kansans, the extra MO taxes, parking, driving cost, etc... really eats up your income fast. Do the math before taking the job as you may make more with a KS company at a lower salary -Attached parking garage is almost $60/month now. Average lunch price in cafeteria is nearing $7. -Company has banned fans, radios, personal heaters, crock-pots on food days, coffee makers, cell phone chargers, and anything else electrical you may want to help bring life into the putty colored sea of cubicles.

3.0
Feb 7, 2010
Recommend
CEO approval
Business Outlook

Pros

The benefits package is good. They offer quality health care plans, dental, and vision. Also, automatic $50,000 life insurance with ability to purchase more term life. Disability insurance offered at 50% or 70% of your salary. There is a 6% match on 401(k), and last year they did an additional bonus to 401(k) of 6% your earnings that year. I don't think that will happen every year and will depend on how the company does. There is only a 1 year vesting requirement for the 401(k) match. They allow 2 days off to volunteer, 3 personal holidays, 9 NYSE holidays, and 2 weeks vacation when you start. You get 3 weeks vacation on Jan. 1st of your 3rd year. So, if you started in the middle of 2008, you will get 3 weeks of vacation in 2010. You can also buy/sell up to 5 days of vacation as long as you have 2 weeks remaining. A decent fitness center for $20/month is onsite. Most people are pleasant to work with and helpful. There is pretty good job security. You have to do something awful to get fired.

Cons

The salary is not the greatest, but it's better than being unemployed. Due to some of our revenues being tied to the market value of clients' portfolios, raises/bonuses were not good last year. We'll see how it goes this year. I was told that in the past they would give decent raises every 6 months, but "due to the economy" no one received a raise at the end of 2008 and it looks to be minimal raises for end of 2009. Bonuses for the end of 2008 were minimal also. You have to pay $53.60/month for parking in a covered garage since it is a downtown office.

Viewing 571 - 573 of 10,494 Reviews

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