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
Jul 31, 2018
Recommend
CEO approval
Business Outlook

Pros

The main pros of working within Corporate Audit were the people and the flexible work from home arrangement. You can definitely get to know the people within the department and actually spend time with them outside of work. Working from home was also great!

Cons

I agree with some previous reviews regarding the department; this place is a joke if you want a meaningful & fulfilling career. Most people that stick around for a while are there to get a steady paycheck and get titles. There is absolutely zero appreciation for the work that needs to be done. No innovation or thinking outside of the box. The audit programs are mind-blowingly rigid. Audit in itself is not for everyone, however working here will definitely epitomize the negative aspects to the profession. Also, if you think audit would be a great place to pivot to an interesting middle/front office role within the company?! Nope, this is not the place! You're only destined for compliance roles! Focus your efforts elsewhere. Compensation here is also a joke. The company is crazy stingy but I can't blame them, they're in a low margin business. Raises barely keep up with inflation and bonuses are minuscule.

1.0
May 17, 2018

Avoid legal teams

Recommend
CEO approval
Business Outlook

Pros

Hands on experience with significant responsibility at junior levels; Hours are reasonable: Some good people at the VP level and below.

Cons

This company is cheap. Compensation is laughable relative to market; Obsessed with cutting every possible corner for short term cost savings -- outsource HR, outsource IT, outsource onboarding -- despite major long term costs of doing so. Retention is abysmal. Most leave after two years. Management does a horrible job of listening to employee feedback and concerns. Feedback loops either doesn't exist or are otherwise broken. "CYA" and "pass the buck" "finger pointing" culture. Most employees lack an ownership mentality and constantly seek opportunities to blame others for anything that goes wrong. Outwardly adversarial relationship between business and control functions. Wildly inconvenient corporate policies designed by bureaucrats who will never need to deal with the consequences of their decisions without seeking any input from those that will.

3.0
Nov 8, 2016
Recommend
CEO approval
Business Outlook

Pros

They hire straight out of college which is nice, and provide some amount of experience in the finance world

Cons

they absolutely detest giving overtime so good luck making more than 38k. they will work you into the ground during those 8 hours a day, and then don't support the CFA or anything other than an MBA. Very, very cheap place, and the experience you get is okay at best and worthless at worst.

Viewing 58 - 60 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.