State Street reviews

3.4

59% would recommend to a friend

(10,479 total reviews)
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Ronald O’Hanley

69% approve of CEO

56% positive business outlook

State Street has an employee rating of 3.4 out of 5 stars, based on 10,479 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 22, 2012
Recommend
CEO approval
Business Outlook

Pros

Always hiring people for entry level jobs. A place to start your career if you don't have any other job offers

Cons

Low compensation packages, minimal salary increase, promotions are hard to get, management does not recognize staff's hard work, hours could be unreasonable

3.0
Mar 21, 2012
Recommend
CEO approval
Business Outlook

Pros

Good learning experience and great coworkers

Cons

No work life balance . Also training process can be improved further. Also the compensation is below average. Difficult to move within the organization

1.0
Mar 18, 2012
Recommend
CEO approval
Business Outlook

Pros

The benefits had been very competitive until this year. The company subsidy for the better medical insurance PPO was seriously reduced and then it was announced the company's match to the company 401(k) retirement plan was being cut one percentage point to 5%. A lot of employees felt badly about this.

Cons

State Street has an unusual culture. It's not a particularly friendly or helpful culture or philosophy. It's also a little stifled by the organizational silos. For example, Vice Presidents and above tend to mix well with themselves but for the Assistant Vice Presidents and lower positions, it's apparent there is a gap or separation between the two classes. Another improvement area: Human Resources. It's difficult to get a face-to-face meeting with HR reps; all communication goes through email. If you ask them for guidance about advancement and the posting process they do not respond to your request for help. It is difficult to post up to better jobs because you never get a rejection email and you never know why you didn't get a chance or what you can do next time to improve your chances.

Viewing 9982 - 9984 of 10,479 Reviews

Glassdoor has 11,915 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.