State Street reviews

3.4

59% would recommend to a friend

(10,475 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 10,475 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
3.0
Feb 9, 2012
Recommend
CEO approval
Business Outlook

Pros

Great place to start out of college and gain corporate experience. Stay for a year or two and take your experience and move on. Nice thing is only 40 hour work weeks..

Cons

Low pay, high cost for benefits, the cafeteria is very expensive and they make you pay in excess of $600 a year to park your vehicle in the parking garage.

4.0
Feb 9, 2012
Recommend
CEO approval
Business Outlook

Pros

A lot of turnover equals plenty of opportunities for advancement via back fill. Work environment is usually pretty relaxed, but people know when to be serious.

Cons

Pay could be higher. 10% pay increase for promotion via promotion cycle is lousy Advancement via back fill would be better if State Street approved the open recs for those that have left (no 10% cap there on pay increase) Bonus compensation and merit increases were lousy in 2012 Continuing challenges for 2012 don't bode well for 2013 401k match of 100% being decreased from 6% to 5% Discretionary contribution to 401k this year not funded Was informed bonuses were allocated to business units based on each group's contribution to State Street's results. Last I checked starting Associate I's do the same grunt work no matter what group they wind up in. Why should they receive differing payouts given the financial results of the team they work on? Doesn't the management of those teams have a greater impact on this?

2.0
Feb 9, 2012
Recommend
CEO approval
Business Outlook

Pros

we have a lot of time to relax in the working hours

Cons

you can not learn much things in the company

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