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      State Street

      Engaged Employer

      State Street reviews

      3.4

      60% would recommend to a friend

      (10,450 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 10,450 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
      Sep 6, 2018

      A terrible experience: I learned nothing new and applied 0 knowledge from college. I wasted 3 years at this company..

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Lots of free time to look for different jobs. Really good at copy and paste and pressing “run” on macros.

      Cons

      Project Ocean is a joke. State Street is moving the entire middle and back office to India to save money. Wasting your existence and short time on this Earth working at a company that underpays you and gives you no marketable skills/experience for new firms is hardly a rewarding experience. Spending your day reviewing work being done by outsourced joint venture teams in India, who know nothing, constantly make mistakes, and all the while knowing the reason you are doing this is so that they can eventually take your job when fully trained is depressing and makes you and everyone in SSGS hate their existence. Also you are the laughing stock of the industry because everyone knows SSB pays far below the industry standard. State Street (unless you are at SSGA of course) is a complete joke. They underpay far below the industry standard, which attracts subpar talent who know nothing and horde their positions by not sharing knowledge to new talent because they are afraid of losing their $60k/year jobs. If you have any talent / self respect do not waste your time on this squid island. You will end up lambasted here and benchmark your career at a lower salary level for years to come. Run away and don’t look back

      1.0
      May 1, 2018

      Politics and Over-OT

      Senior associate
      Recommend
      CEO approval
      Business Outlook

      Pros

      It's a decent job to start right after college to get your foot in the door in the financial industry. 3 week vacation starting first year is nice. 2 paid volunteer days is also a plus. You don't need much background knowledge- you will learn quickly from your peers on various Excel and multitasking skills. Younger workforce makes it easier to identify with and communicate with peers.

      Cons

      Too much OT... be prepared to work 12+ hour days or more depending on the situation, such as internal technology failures causing outages, yearly/ monthly audit, high employee turnover rate, etc. Working from home is not guaranteed; it depends on your manager and is in no way driving the work-life balance that State Street claims to propel. There is also too much offshoring of tasks to teams abroad to save money. Quality of work is decreasing due to difficulty training and communicating to teams long distance. High turnover rate makes it difficult for current employees- if you're still at State Street, be prepared to train new hires on your tasks over and over again. Office politics is not uncommon here. Hard working and smart people don't get promoted. You can be stuck in a position for years or get promoted very quickly- it's all about favoritism. Management demands are not reasonable- requests employees to do certain high level tasks, when either they don't know how to approach the problem or the problem gets blown out of proportion.

      3.0
      Apr 10, 2018

      Decent Entry Level Company, Not Much More Than That

      Operations specialist
      Recommend
      CEO approval
      Business Outlook

      Pros

      It is a big time firm and well known in the financial services industry so a good place to start. There are a variety of different roles and they try to encourage internal movement so opportunities are there. The PTO is competitive, probably above average and they offer work-from-home days which are convenient. Schedules can be flexible and they are good with sick days and coverage when needed.

      Cons

      Big time silo issues where communication is lacking and each department seems to be in competition, no one wants to take responsibility and rarely will they work together for the betterment of the company. The pay is lacking and lower than industry standard, overtime is non-existent even though you want to get out of there anyways once the 8 hours is up. The work is monotonous and was very difficult to grasp/improve due to the lack of hands on training and guidance.

      Viewing 85 - 87 of 10,450 Reviews
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      Glassdoor has 11,882 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.