Skip to contentSkip to footer
      employer cover photo
      employer logo
      employer logo

      State Street

      Engaged Employer

      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

      Ratings by category

      3.6

      Diversity & inclusion

      3.5

      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 10,447 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).

      Ratings by demographic groups

      Reviews by job title

      10K reviews
      1.0
      Aug 15, 2019

      Disappointing mix of incapable politicians and contemptible managers

      Vice president
      Recommend
      CEO approval
      Business Outlook

      Pros

      If you live close to their office, you dont have to commute in Boston traffic

      Cons

      State Street was (and in some areas still is) a sleepy custodial bank, concerned with the boring parts of financial services. This meant you could survive by doing the same mediocre job year in year out. You could advance if you knew the right people and politicked effectively. The typical senior exec was a lifetime employee who grew up understanding a narrow operations role and assumed their "dont mess with the flow" style could expand to running a global financial services business. Then the company realized that mediocrity wasnt going to help the stock price and they decided the antonym of mediocre was cruel, uncaring task masters, and proceeded to hire "change consultants" as senior leadership in the hope that shouting at people who had made a career of mediocrity would right the ship. It did not. Instead you end up with a toxic mix of institutionalized incompetence, political battles for promotion and HR turning a blind eye to division wide reports of unacceptable bullying behavior by executive vice presidents who laugh at the idea that there is a balanced norm between mediocre and being demeaning to their inferiors. It used to be the case that you could survive and enjoy work by ignoring the politics and finding a niche to grow your technical prowess. But with the company reeling from bad investments, poor strategy and decades of poor management, it is now everybodys responsibility to rectify the decline, meaning that even junior staff are exposed to harsh, uncaring managers who believe belittling their failing staff is "The Way Ahead".

      5.0
      Aug 27, 2017

      Great career opportunities and growth potential

      Managing director
      Recommend
      CEO approval
      Business Outlook

      Pros

      The people are great and there are always opportunities to raise your hand and take on a new challenge that can propel your career forward. Just like any other company, your career growth at STT is what you make of it. The company is investing in its people and technology which is great. The focus on innovation and next gen technology in our company and industry is exciting.

      Cons

      None that are exceptional and worth noting.

      avatar
      State Street Response
      8y
      Thank you for taking the time to share your experiences on career advancement and where we’re going with our technology. State Street is extremely committed to both our people and our technology capital. Over the past few years, we have made several key investments in programs which offer new challenges and mobility opportunities for our employees: the Professional Development Program (PDP) to attract fresh talent; the Leadership development program (LDP) which aims to cultivate high-potential Assistant Vice Presidents into the State Street leaders of tomorrow; and many business-unit specific rotational arrangements, classes and mentorships across the organization. At State Street, you do not need to work in technology to be a part of the digital conversation. We are constantly looking for our people to bring new ideas to the table as we are committed to ensure both our employees and our clients have the tools they need for success. As we continue to ideate and innovate, it will be even more important for our people to inform and drive our technology offerings to ensure we are delivering high-value, cutting edge and industry leading capabilities to our customers. Keeping our employees engaged, empowered and passionate about the work we’re doing together as an organization, and what we’re delivering to the street, is paramount. -Adrienne Tolpin, VP Digital Experience, Offering Management
      2.0
      Jan 8, 2024

      You are just a number

      Associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      The company is very supportive of volunteering efforts and offers paid time off for employees who volunteer for local organizations.

      Cons

      It used to be a staple in the community and a steady place of work. Unfortunately, as the company grew, long term employees became just a number, easy to replace and overworked. I was an employee for 15 years and oversaw billions of dollars on a daily basis, but wage raises were hard to come by, never kept up with inflation or added responsibilities. Moreover, when “diversity at management levels” became a priority, the person I trained as an intern became my direct manager (promoted 5 times in two years), solely based on racial bias. I got paid to leave upon taking the company to court over this matter, so I can’t disclose more. I was going to leave anyway, for both personal and professional reasons (I just wasn’t fond of their practices - both in regards to their clients and employees). I used to love working for SSB; now I just thank them for generously contributing to my early retirement.

      Viewing 4 - 6 of 10,447 Reviews
      Related searches: State Street jobs | State Street salaries | State Street benefits | State Street interviews | State Street conversations
      ReviewsState Street 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.