State Street reviews

3.4

60% would recommend to a friend

(10,496 total reviews)
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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 10,496 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
2.0
Mar 24, 2013

Fund Administrator

Recommend
CEO approval
Business Outlook

Pros

Ability to learn and take on new tasks is really up to you. Can transfer to new departments so other opportunities are available.

Cons

High stress Management is helpless to change Very low entry-level salaries so if you were to make a career at SS, you would need to leave and come back to get the pay you desire

1.0
Mar 23, 2013

Don't waste your time working here

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The educational support CMA/CA/CFA Benefits 100% covered

Cons

Worst place to work - would rate 0 stars if I could. Some management unbelievably incompetent - ie. doesn't know how to use Excel?!!! If you're lucky, you'll work with a good manager. Very low pay. Work you like a dog.

1.0
Mar 20, 2013
Recommend
CEO approval
Business Outlook

Pros

401k is great, 100% match, fully vested after a year Majority of co-workers are fresh out of college, so you will have a group of people to commiserate with

Cons

So many, starting with the biggest: PAY- is excessively low, even with the current turnover rate (as high as 40% in some groups), State Street continually drops their non-negotiable, take it or leave it, subsistence level entry level salaries. They often claim they are right with the industry average in terms of pay, but I have never seen an article claiming the new industry average for finance & accounting is in the low to mid 30's. Work environment is generally miserable, aside from the happy hours you will be attending every other friday to celebrate the persons last day who you never really got to know in the first place because they weren't there for very long. Most people stay here for a year, starve, become great at excel, and leave for a job anywhere else that pays 10-20k more. With the economy picking back up, offers are getting rejected and current SSB employees are dropping like flies. Leave SS as your last option, and even at that point, look again, because you will get an interview, and an offer in short time after you apply.

Viewing 9772 - 9774 of 10,496 Reviews

Glassdoor has 11,932 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.